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Friday 6 November 2026
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Valley National Bancorp
Valley National Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, down 2.44% from fiscal 2024.
- Revenue
- +4.94%
- EPS
- +28.6%
- Free cash flow
- +2.65%
- Total debt
- −10.1%
Quarter to September 2026, against a year earlier
14.11
0.38
−2.62%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 870 | 946 | 1,293 | 1,536 | 1,567 | 1,489 | 2,183 | 3,365 | 3,582 | 3,495 | 3,603 | +16.7% | 2,281 | 2,730 | 3,014 | (4.8%) | |
| Gross margin, % | 82.90 | 81.59 | 76.65 | 72.46 | 83.10 | 91.65 | 85.30 | 56.21 | 51.74 | 57.97 | 61.80 | (24.9) pt | ||||||
| EBT | 233 | 253 | 330 | 457 | 530 | 641 | 781 | 678 | 439 | 744 | 895 | +13.7% | ||||||
| EBT margin, % | 26.82 | 26.72 | 25.49 | 29.75 | 33.83 | 43.02 | 35.75 | 20.16 | 12.24 | 21.29 | 24.84 | (5.5) pt | ||||||
| Net income | 168 | 162 | 261 | 310 | 391 | 474 | 569 | 499 | 380 | 598 | 694 | +15.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 3.41 | 3.58 | 3.90 | 4.55 | 3.88 | 3.66 | 4.50 | 6.63 | 6.95 | 6.24 | 6.52 | +6.9% | |||||
| Earnings | 0.63 | 0.58 | 0.75 | 0.88 | 0.94 | 1.13 | 1.14 | 0.95 | 0.70 | 1.02 | 1.28 | +5.5% | ||||||
| Cash flow | 1.64 | 2.35 | 0.92 | 0.78 | 0.41 | 2.05 | 2.94 | 0.75 | 1.06 | 0.61 | 0.00 | (10.4%) | ||||||
| Capex | 0.00 | (0.03) | (0.06) | 0.25 | (0.01) | (0.07) | (0.12) | (0.11) | (0.03) | (0.03) | 0.00 | +53.4% | ||||||
| Free cash flow | 1.64 | 2.31 | 0.86 | 1.03 | 0.39 | 1.98 | 2.82 | 0.63 | 1.04 | 0.59 | 0.00 | (10.8%) | ||||||
| Book value | 9.33 | 9.59 | 10.11 | 12.98 | 11.37 | 12.48 | 13.19 | 13.20 | 14.42 | 13.95 | 14.30 | +4.6% | ||||||
| Shares, m | 255 | 264 | 331 | 338 | 404 | 407 | 485 | 508 | 516 | 560 | 555 | +9.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 18.25 | 19.40 | 11.84 | 12.87 | 10.37 | 12.17 | 9.90 | 11.36 | 13.13 | 11.34 | 11.02 | 13.1 | |||||
| P/S | 3.42 | 3.14 | 2.27 | 2.52 | 2.51 | 3.76 | 2.51 | 1.63 | 1.30 | 1.87 | 2.16 | 2.5 | ||||||
| P/B | 1.31 | 1.28 | 0.94 | 0.93 | 0.90 | 1.15 | 0.89 | 0.84 | 0.66 | 0.88 | 1.03 | 1.0 | ||||||
| EV/Sales | 4.67 | 5.19 | 3.27 | 3.65 | 3.17 | 3.38 | 2.81 | 2.07 | 1.68 | 2.27 | — | 3.2 | ||||||
| EV/FCF | 9.69 | 8.05 | 14.80 | 16.14 | 31.37 | 6.24 | 4.48 | 21.75 | 11.23 | 24.14 | — | 14.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 419 | 619 | 304 | 262 | 164 | 837 | 1,428 | 378 | 549 | 344 | 575 | (2.2%) | |||||
| Capex | 0 | (9) | (19) | 86 | (5) | (30) | (58) | (58) | (13) | (16) | (15) | +68.2% | ||||||
| Free cash flow | 419 | 610 | 285 | 348 | 158 | 807 | 1,370 | 320 | 536 | 328 | 560 | (2.7%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (1,373) | (396) | (1,357) | (410) | 148 | (518) | (1,482) | (513) | (1,040) | (1,579) | (2,550) | +1.6% | |||||
| Net debt | 1,083 | 1,941 | 1,281 | 1,743 | 1,023 | (570) | 652 | 1,494 | 1,341 | 1,383 | 1,541 | +2.8% | ||||||
| Shareholders’ equity | 2,377 | 2,533 | 3,350 | 4,384 | 4,592 | 5,084 | 6,401 | 6,701 | 7,435 | 7,808 | 7,897 | +14.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.72 | 0.65 | 0.89 | 0.86 | 0.97 | 1.10 | 1.10 | 0.81 | 0.58 | 0.90 | 1.08 | +0.2 pt | |||||
| ROIC | 4.22 | 3.53 | 4.45 | 4.66 | 5.90 | 8.87 | 6.92 | 5.17 | 3.12 | 5.06 | 5.93 | +0.8 pt | ||||||
| ROE | 7.38 | 6.64 | 9.10 | 8.12 | 8.83 | 9.96 | 10.04 | 7.61 | 5.29 | 7.83 | 9.50 | +0.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,828 | 2,842 | 3,192 | 3,174 | 3,155 | 3,370 | 3,826 | 3,749 | 3,732 | 3,675 | — | +3.0% | |||||
| Revenue/emp, $m | 0.31 | 0.33 | 0.41 | 0.48 | 0.50 | 0.44 | 0.57 | 0.90 | 0.96 | 0.95 | — | +13.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Valley National Bancorp vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ZION Zions Bancorporation, N.A. | $9.5B | 8.0× | 8.2× | −0.80% (below 0%: shrinking) | +20.27% (above 0%: growing) | +518.28% (above 0%: growing) | 70.88% | 0.00% | Compare |
| CBC Central Bancompany | $9.0B | 20.6× | 18.2× | +10.36% (above 0%: growing) | +9.05% (above 0%: growing) | −5.17% (below 0%: shrinking) | 85.56% | 0.00% | Compare |
| PB Prosperity Bancshares, Inc. | $8.6B | 13.1× | 12.8× | +50.23% (above 0%: growing) | −18.63% (below 0%: shrinking) | +70.11% (above 0%: growing) | 75.10% | 0.00% | Compare |
| COLB Columbia Banking System, Inc. | $8.6B | 10.6× | 10.4× | +11.63% (above 0%: growing) | +95.00% (above 0%: growing) | +238.82% (above 0%: growing) | 76.21% | 0.00% | Compare |
| WAL Western Alliance Bancorporation | $8.2B | 8.4× | 8.5× | +3.58% (above 0%: growing) | +6.52% (above 0%: growing) | +218.45% (above 0%: growing) | 69.28% | 0.00% | Compare |
| BOKF BOK Financial Corporation | $7.9B | 11.8× | 12.2× | +0.31% (above 0%: growing) | +19.82% (above 0%: growing) | −68.48% (below 0%: shrinking) | 65.45% | 0.00% | Compare |
| CBSH Commerce Bancshares, Inc. | $7.8B | 13.3× | 13.0× | +8.97% (above 0%: growing) | +1.89% (above 0%: growing) | +68.33% (above 0%: growing) | 84.16% | 0.00% | Compare |
| VLY Valley National Bancorp | $7.7B | 11.0× | 11.0× | +4.94% (above 0%: growing) | +28.57% (above 0%: growing) | +2.65% (above 0%: growing) | 62.42% | 0.00% | |
| UBSI United Bankshares, Inc. | $6.6B | 13.1× | 12.9× | −2.30% (below 0%: shrinking) | +2.17% (above 0%: growing) | +14.62% (above 0%: growing) | 70.33% | 0.00% | Compare |
| Median of peers | $8.4B | 12.4× | 12.5× | +6.28% | +7.79% | +69.22% | 72.99% | 0.00% |
From the latest earnings call
- CFO Travis Lan said loan growth led Valley to reduce second-quarter repurchases, and that buyback activity would depend on near-term lending growth.
- CEO Ira Robbins said commercial banking hires and adoption of Valley’s treasury platform contributed to noninterest-bearing deposit growth during the quarter.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
76.59%
Held by the ten largest
46.07%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 73.65m | 13.33% | +2.99m |
| Vanguard | 50.74m | 9.18% | +373.23k |
| Dimensional Fund Advisors | 30.53m | 5.52% | +784.40k |
| State Street | 23.80m | 4.31% | +474.95k |
| Wellington Management | 20.09m | 3.64% | +4.58m |
| Geode Capital Management | 15.19m | 2.75% | +540.53k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 12.27m | 2.22% | −190.43k |
| Azora Capital LP | 10.25m | 1.85% | +1.30m |
| AQR Capital Management | 9.28m | 1.68% | −885.47k |
| Goldman Sachs | 8.81m | 1.59% | +995.10k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 3 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.97m | 8.35m | 149.00 |
| 2024 | 6.11m | 3.45m | 110.00 |
| 2023 | 5.42m | 5.78m | 125.00 |
| 2022 | 6.01m | 4.46m | 124.00 |
| 2021 | 5.35m | 7.64m | 146.00 |
Ownership
Directors and executive officers, together
1.06%
Bank Leumi le-Israel B.M.
13.10%
BlackRock, Inc.
11.60%
The Vanguard Group, Inc.
8.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Valley National Bancorp (VLY) Latest News
25 Oct
23 Oct
22 Oct
21 Oct
20 Oct
28 Sep
VLY metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
Valley National Bancorp is a bank holding company headquartered in Morristown, New Jersey. Founded in 1927, it operates principally through Valley National Bank, using the names Valley Bank and Valley. Ira Robbins is its chairman and chief executive officer.
Valley serves businesses and individuals with deposits, loans and other financial services. Its commercial products include business loans, commercial real estate financing, equipment financing and loans to small businesses. For individuals, it offers mortgages, home equity loans and automobile financing. Customers can also use insurance, investment advice, brokerage, trust and private banking services.