Will VLY's Providence Buyout Accelerate Growth in Chicago Franchise?
Valley National's Providence deal is set to accelerate Chicago franchise growth through stronger deposits, a broader branch network and greater wealth-management scale.
VLY - Valley National Bancorp
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$16.90
DETAILS
HIGH:
$17.50
LOW:
$16.50
MEDIAN:
$17.00
CONSENSUS:
$16.90
UPSIDE:
26.31%
Stock News
Valley National Bancorp Accelerates Growth in Attractive Chicago Market With Acquisition of High-Performing Providence Financial Corporation
NEW YORK and SOUTH HOLLAND, Ill., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY) and Providence Financial Corporation (“Providence”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Providence, parent company of Providence Bank & Trust. The acquisition is a continuation of Valley's recent investments to accelerate retail and small business growth, which began with the hiring of Patrick Smith as President of Consumer Banking in September 2025. Consistent with Valley's strategic focus to enhance its funding profile and expand in attractive target markets, Providence provides an attractive and established physical delivery channel in the Chicagoland area to supplement Valley's existing commercial presence in the market.
Bank of America Corp DE Raises Position in Valley National Bancorp $VLY
Bank of America Corp DE grew its holdings in shares of Valley National Bancorp (NASDAQ: VLY) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,919,652 shares of the company's stock after acquiring an additional 290,534
Implied Volatility Surging for Valley National Bancorp Stock Options
Investors need to pay close attention to VLY stock based on the movements in the options market lately.
Valley National Bancorp: Preferred Share Offers 8% Yield For At Least 3 Years
Valley National Bancorp continues to strengthen, with improving yield spreads and record net interest income since 2019. I favor the VLYPN Series C preferred shares for income investors, given their 8.05% yield and call protection until 2029. VLY has achieved robust loan and deposit growth, maintaining a loan-to-deposit ratio below 96% for eight consecutive quarters.
Amundi Raises Holdings in Valley National Bancorp $VLY
Amundi lifted its position in shares of Valley National Bancorp (NASDAQ: VLY) by 110.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,737 shares of the company's stock after purchasing an additional 42,385 shares during the period. Amundi's holdings in Valley National
VLY Q2 Earnings Miss Despite Strong Revenue Growth, Lower Provisions
Valley National misses Q2 earnings estimates on higher expenses, while higher NII and non-interest income, and lower provisions offer support.
Time To Shine For CMT Preferreds
The Fed's recent hawkish pivot sharply increased interest rates, negatively impacting most income sectors. CMT preferreds emerge as a compelling sub-sector, offering potential protection against rising long-term rates. Screening CMT preferreds by reset yield and yield-to-call can help identify attractive opportunities.
Valley National Bancorp (VLY) Q2 2026 Earnings Call Transcript
Valley National Bancorp (VLY) Q2 2026 Earnings Call Transcript
Valley National Bancorp Q2 Earnings Call Highlights
Valley National Bancorp NASDAQ: VLY reported second-quarter 2026 earnings that management said reflected continued progress in deposit gathering, relationship-based lending, fee income growth and operating efficiency.
Valley National (VLY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Valley National (VLY) Lags Q2 Earnings Estimates
Valley National (VLY) came out with quarterly earnings of $0.3 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.23 per share a year ago.
Valley National Bancorp Announces Second Quarter 2026 Results
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2026 of $170.9 million, or $0.29 per diluted common share, as compared to the first quarter 2026 net income of $163.9 million, or $0.28 per diluted common share, and net income of $133.2 million, or $0.22 per diluted common share, for the second quarter 2025. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $172.8 million, or $0.30 per diluted common share, for the second quarter 2026, $168.9 million, or $0.29 per diluted common share, for the first quarter 2026, and $134.4 million, or $0.23 per diluted common share, for the second quarter 2025. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.
Curious about Valley National (VLY) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Besides Wall Street's top-and-bottom-line estimates for Valley National (VLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2026.
Valley National Bancorp Declares its Regular Quarterly Preferred and Common Stock Dividends
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on September 15, 2026 are as follows:
Valley National (VLY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Valley National Bancorp to Announce Second Quarter 2026 Earnings
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2026 earnings before the market opens on Thursday, July 23, 2026.
Valley National Bancorp's Improving Asset Mix Supports Further Upside
Valley National Bancorp remains a "Buy" with ~8% further upside and a secure 3%+ dividend yield. VLY's CRE exposure is now at a manageable 325%, with office risk diminished and multifamily risk contained to ~$0.50/share potential loss. Loan growth is accelerating, deposit mix is improving, and NIM has expanded to 3.17%, supporting higher earnings guidance of $1.27–$1.37.
VLY Shares Gain 23.1% So Far in 2026: Should You Buy the Stock Now?
Valley National has jumped 23.1% so far in 2026, as rising margins, loan growth and buybacks boost first-quarter results, but CRE exposure and high costs cloud the outlook.
Valley Bank's Russell Barrett Named to American Banker's Inaugural 2026 Most Innovative People in Finance List
MORRISTOWN, N.J.--(BUSINESS WIRE)--Russell Barrett, SEVP and Chief Operating Officer, Valley Bank named to American Banker's 2026 Most Innovative People in Finance list.
Price Targets
RBC Capital on Valley National Bancorp (VLY) Following Acquisition of Providence Financial
$17.00
(was $14.12)
RBC Capital
Valley National price target raised to $16.50 from $15.50 at Truist
$16.50
(was $14.70)
David Smith
·
Truist Financial
Valley National assumed with a Buy at UBS
$17.00
(was $14.79)
Timur Braziler
·
UBS
Valley National price target raised to $17.50 from $15 at JPMorgan
$17.50
(was $14.65)
Anthony Elian
·
National Bank
Valley National price target raised to $16.50 from $16 at Piper Sandler
$16.50
(was $14.78)
Manuel Navas
·
Piper Sandler
Valley National price target raised to $17 from $16 at TD Cowen
$17.00
(was $13.49)
Janet Lee
·
National Bank
Valley National price target raised to $16 from $15.50 at Piper Sandler
$16.00
(was $13.37)
Piper Sandler
Valley National price target raised to $16 from $14 at RBC Capital
$16.00
(was $13.77)
RBC Capital
Valley National assumed with an Overweight at Piper Sandler
$15.50
(was $13.52)
Piper Sandler
Valley National price target raised to $14.50 from $14 at Truist
$14.50
(was $12.96)
David Smith
·
Truist Financial
Valley National price target raised to $16 from $15 at TD Cowen
$16.00
(was $12.69)
Janet Lee
·
National Bank
Valley National price target raised to $14 from $13 at RBC Capital
$14.00
(was $12.67)
Jon Arfstrom
·
RBC Capital
Valley National upgraded to Strong Buy from Market Perform at Raymond James
$15.00
(was $12.67)
Strong Buy
·
Raymond James
Valley National price target raised to $14.50 from $14 at JPMorgan
$14.50
(was $11.91)
National Bank
Valley National initiated with a Buy at UBS
$15.00
(was $11.93)
Nicholas Holowko
·
UBS
Valley National price target raised to $15 from $12 at Cantor Fitzgerald
$15.00
(was $11.07)
National Bank
Valley National price target raised to $13 from $11 at RBC Capital
$13.00
(was $10.89)
RBC Capital
Valley National price target raised to $13 from $11 at JPMorgan
$13.00
(was $10.60)
National Bank
Valley National price target raised to $14 from $13 at Morgan Stanley
$14.00
(was $10.68)
Manan Gosalia
·
National Bank
Valley National upgraded to Buy from Neutral at Citi
$13.50
(was $10.65)
Benjamin Gerlinger
·
National Bank