Valley National Q2 FY26 net income rises 28.34% to $170.9 million; revenue increases 13.27% to $560.7 million

Reuters2026/07/23 11:05

By:Reuters

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Valley National Bancorp Q2 2026 net income rose 28.33% year over year to $170.9 million; diluted EPS increased to $0.29 from $0.22.
Total revenue climbed 13.27% year over year to $560.7 million, while net interest margin (FTE) widened 19 basis points to 3.20%.
Total loans increased $1.6 billion to $52.5 billion from March 31, led by $857.2 million C&I growth; deposits rose $1.3 billion to $54.1 billion.
Credit costs eased year over year, with provision for credit losses down 22.84% to $29.2 million; net charge-offs fell to $22 million from $37.8 million.
CEO Ira Robbins cited strong non-interest bearing deposit and C&I loan growth, expecting further financial improvement through the rest of the year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valley National Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230700PRIMZONEFULLFEED9766556) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Valley National Q2 FY26 net income rises 28.34% to $170.9 million; revenue increases 13.27% to $560.7 million

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