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VLY on Nasdaq

VALLEY NATIONAL BANCORP

VALLEY NATIONAL BANCORP is an American national commercial bank based in Morristown, active since 1982.2 Its shares trade on Nasdaq under the symbol VLY.2

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Last updated Oct 21, 2026.

Overview

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  • TickerVLY on Nasdaq2
  • IndustryNational Commercial Banks2
  • HeadquartersMorristown, United States2
  • Incorporated inNJ3
  • Business addressOne Penn Plaza, New York, Ny 101193
  • Filer categoryLarge accelerated filer3
  • Legal formBusiness Corporation2
  • LEI549300ET52S1UBIB97622
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address70 Speedwell Ave, 07960 Morristown, United States2
  • Registered withBusiness Records Service (Division of Revenue & Enterprise Services), 01001813332

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Investment Advisory, Management and Administrative Service brought in 51% of the revenue VALLEY NATIONAL BANCORP broke down this way in fiscal 2025.

  1. Investment Advisory, Management and Administrative Service$63.4M551%up 1% from 2024
  2. Deposit Account$61.2M549%up 27% from 2024
Products and services by year
Products and services202320242025
Investment Advisory, Management and Administrative Service$44.2M$62.6M$63.4M
Deposit Account$41.3M$48.3M$61.2M

Financial statements

Net income67895$598.0M in 2025+93% since 2019
0$200.0M$400.0M$600.0M2019: $309.8M$309.8M20192020: $390.6M$390.6M2020+26%2021: $473.8M$473.8M2021+21%2022: $568.9M$568.9M2022+20%2023: $498.5M$498.5M2023−12%2024: $380.3M$380.3M2024−24%2025: $598.0M$598.0M2025+57%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$2.9B$3.1B$2.9B
Taxable$274.4M$181.9M$130.7M
Tax-exempt$18.6M$19.3M$20.3M
Dividends$21.4M$25.0M$24.1M
Interest on federal funds sold and other short-term investments$36.8M$51.5M$76.8M
Total interest income$3.2B$3.4B$3.1B
Savings, NOW and money market$812.4M$914.0M$739.0M
Time$504.2M$645.0M$535.7M
Interest on short-term borrowings$5.7M$22.0M$94.9M
Interest on long-term borrowings and junior subordinated debentures$146.5M$147.8M$103.8M
Total interest expense$1.5B$1.7B$1.5B
Net Interest Income$1.8B$1.6B$1.7B
Provision (credit) for credit losses for available for sale and held to maturity securities$87.0K-$558.0K$4.6M
Provision for credit losses for loans$139.7M$309.4M$45.6M
Net Interest Income After Provision for Credit Losses$1.6B$1.3B$1.6B
Insurance commissions$13.4M$12.8M$11.1M
Capital markets$42.0M$27.2M$41.5M
Gains on securities transactions, net$74.0K$100.0K$1.1M
Fees from loan servicing$13.4M$12.4M$10.7M
Gains (losses) on sales of loans, net$6.9M-$5.8M$6.1M
Losses (gains) on sales of assets, net-$3.0K$3.7M$6.8M
Bank owned life insurance$20.0M$16.9M$11.8M
Other$41.7M$46.3M$51.2M
Total non-interest income$262.1M$224.5M$225.7M
Salary and employee benefits expense$579.5M$558.6M$563.6M
Net occupancy expense$102.3M$102.1M$101.5M
Technology, furniture and equipment expense$123.9M$135.1M$150.7M
FDIC insurance assessment$39.1M$61.5M$88.2M
Amortization of other intangible assets$30.4M$35.0M$39.8M
Professional and legal fees$86.7M$70.3M$80.6M
Loss on extinguishment of debt$922.0K$0$0
Amortization of tax credit investments$41.8M$18.9M$18.0M
Other$137.5M$124.2M$120.4M
Total non-interest expense$1.1B$1.1B$1.2B
Income Before Income Taxes$743.9M$438.5M$678.3M
Income tax expense$145.9M$58.2M$179.8M
Net Income$598.0M$380.3M$498.5M
Dividends on preferred stock$29.0M$21.4M$16.1M
Net Income Available to Common Shareholders$569.0M$358.9M$482.4M
Basic (in USD per share)$1.02$0.70$0.95
Diluted (in USD per share)$1.01$0.69$0.95

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Corporate structure

VALLEY NATIONAL BANCORP sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VALLEY NATIONAL BANCORP

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on VALLEY NATIONAL BANCORP, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • State Street Corporation Filed SCHEDULE 13G on VALLEY NATIONAL BANCORP, latest Nov 10, 2025 (2 filings since Feb 5, 2025)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G on VALLEY NATIONAL BANCORP, latest Oct 31, 2024 (3 filings since Feb 8, 2022)
  • BlackRock Filed SC 13G/A on VALLEY NATIONAL BANCORP, latest Jan 23, 2024 (3 filings since Feb 7, 2022)
  • BANK LEUMI LE ISRAEL BM Filed SC 13D on VALLEY NATIONAL BANCORP, latest Apr 11, 2022
  • VALLEY NATIONAL BANCORP Morristown, New Jersey, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VALLEY NATIONAL BANCORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$625.3M5 Dec 31, 2025$621.3M5 Dec 31, 2024+0.7%
Accumulated depreciation$294.5M5 Dec 31, 2025$270.5M5 Dec 31, 2024+8.9%
Property and equipment, net$330.8M5 Dec 31, 2025$350.8M5 Dec 31, 2024−5.7%
Finance-lease assets$784.0K5 Dec 31, 2025$3.5M5 Dec 31, 2024−77.6%
Operating-lease assets (leased space)$313.1M5 Dec 31, 2025$325.0M5 Dec 31, 2024−3.7%

Investments

ItemLatestA year beforeChange
Debt securities held to maturity$3.5B5 Dec 31, 2025$3.5B5 Dec 31, 2024−1.0%
Equity securities at fair value$82.8M5 Dec 31, 2025$71.5M5 Dec 31, 2024+15.7%
Loans, net of allowance$49.6B5 Dec 31, 2025$48.2B5 Dec 31, 2024+2.7%
Deposits held (banks)$52.2B5 Dec 31, 2025$50.1B5 Dec 31, 2024+4.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.9B5 Dec 31, 2025$1.9B5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$100.9M5 Dec 31, 2025$128.7M5 Dec 31, 2024−21.6%
Finite-lived intangibles, gross$394.6M5 Dec 31, 2025$392.0M5 Dec 31, 2024+0.7%
Accumulated amortization$293.7M5 Dec 31, 2025$263.3M5 Dec 31, 2024+11.6%

Properties, in its own words

We conduct our business at 230 retail banking center locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida, Alabama, California and Illinois. We own 96 of our banking center facilities and several non-branch operating facilities. The other properties are leased for various terms. Valley considers its properties to be suitable and adequate for its current business needs.

The following table summarizes our leased and owned retail banking centers in each state:

The rest of Item 2

Leased · Owned · Number of banking centers · % of Total

New Jersey

Northern · 60 · 40 · 100 · 43.5

Central · 8 · 19 · 27 · 11.7

Total New Jersey · 68 · 59 · 127 · 55.2

New York

Manhattan, Brooklyn and Queens · 15 · 7 · 22 · 9.6

Long Island · 9 · 3 · 12 · 5.2

Westchester County · 6 · — · 6 · 2.6

Staten Island · 1 · — · 1 · 0.4

Total New York · 31 · 10 · 41 · 17.8

Florida · 26 · 16 · 42 · 18.3

Alabama · 4 · 12 · 16 · 7.0

California · 3 · — · 3 · 1.3

Illinois · 1 · — · 1 · 0.4

Total · 133 · 97 · 230 · 100.0

Our principal executive office is located at One Penn Plaza in New York, New York. Our corporate offices in New York City serve as the central hub for lending activities conducted by our senior executives and other commercial lenders. We also maintain two leased offices in New York City, primarily dedicated to commercial lending operations and to supporting our broker-dealer, VFM. Additionally, we lease several non-bank office facilities which are utilized for operational, executive, and lending activities.

During the third quarter 2023, Valley completed the sale of two corporate office buildings located in Wayne, New Jersey and relocated its headquarters to a new leased location at 70 Speedwell Avenue in Morristown, New Jersey.

Additional information regarding Valley’s leased locations and owned facilities can be found within Note 5. “Leases” and Note 6. “Premises and Equipment, Net,” respectively, in the Notes to the Consolidated Financial Statements contained in Item 8. Financial Statements and Supplementary Data.

Item 2 of the 10-K filed Feb 27, 2026.13

Leadership

Who has led VALLEY NATIONAL BANCORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gerald H. Lipkin2006–2018
  2. Ira Robbins2018–now

Chair

  1. Gerald H. Lipkin2006–2018

President

  1. Gerald H. Lipkin2006–2017
  2. Ira Robbins2017
  3. Rudy E. Schupp2017–2018
  4. Thomas A. Iadanza2022–2024
  5. Joseph Chillura2024–now

Chief financial officer

  1. Alan D. Eskow2006–2019
  2. Michael D. Hagedorn2019–2024
  3. Travis Lan2024–now

Chief operating officer

  1. Peter P. Crocitto2009–2017
  2. Robert J. Bardusch2019–2022
  3. Russell Barrett2025–now
2010201520202025
Board members and other officers (73)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Sep 28, 20268-K Unregistered sale of shares; Regulation FD disclosure98
  2. Aug 25, 20268-K Other events99
  3. Jul 23, 20268-K Results of operations; Regulation FD disclosure100
  4. May 18, 20268-K Shareholder vote101
  5. May 14, 20268-K Entered a material agreement; New debt or obligation; Other events102
  6. May 7, 20268-K Regulation FD disclosure103
  7. Apr 23, 20268-K Results of operations; Regulation FD disclosure104
  8. Feb 25, 20268-K Other events105
  9. Feb 24, 20268-K Other events106
  10. Jan 29, 20268-K Results of operations; Regulation FD disclosure107
  11. Jan 28, 20268-K Executive or director change108
  12. Oct 23, 20258-K Results of operations; Regulation FD disclosure109
  13. Jan 26, 2018New chief executive Ira Robbins becomes CEO14
  14. Feb 16, 2006New chief executive Gerald H. Lipkin becomes CEO15
  15. Nov 12, 1982Founded VALLEY NATIONAL BANCORP is founded2

Calendar

Coming up

  1. Oct 22, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.28 a share, on Oct 23, 2025.110

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results100
  2. Apr 23, 2026Reported quarterly or annual results104
  3. Jan 29, 2026Reported quarterly or annual results107
  4. Oct 23, 2025Reported quarterly or annual results109
  5. Jul 24, 2025Reported quarterly or annual results111
  6. Apr 24, 2025Reported quarterly or annual results112
  7. Jan 23, 2025Reported quarterly or annual results113
  8. Oct 24, 2024Reported quarterly or annual results114

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

394 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 240 insider forms, 13 large holders, 59 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Sep 28, 20268-K EDGAR
  3. Aug 25, 2026425 EDGAR
  4. Aug 25, 20268-K EDGAR
  5. Aug 6, 202610-Q EDGAR
  6. Aug 4, 20264 EDGAR
  7. Aug 4, 20264 EDGAR
  8. Jul 23, 20268-K EDGAR
  9. Jul 2, 20264 EDGAR
  10. Jul 2, 20264 EDGAR
  11. Jun 15, 20264 EDGAR
  12. Jun 12, 2026144 EDGAR
  13. May 19, 20264 EDGAR
  14. May 19, 20264 EDGAR
  15. May 19, 20264 EDGAR
  16. May 19, 20264 EDGAR
  17. May 19, 20264 EDGAR
  18. May 19, 20264 EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 394 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 24 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 12, 2026CRANDELL MITCHELL LEVP & Chief Accounting OfficerSale25,495$14.63$373.0KForm 4
Apr 27, 2026BARRETT RUSSELLSEVP, Chief Operating OfficerSale90,537$13.54$1.2MForm 4
Feb 17, 2026VAZQUEZ CARLOS JDirectorBuy2,500$13.45$33.6KForm 4
May 14, 2025EFRAT EYALDirectorBuy196$9.16$1.8KForm 4
Jan 30, 2025CHILLURA JOSEPHSEVP, CML Banking PresidentSale50,000$10.40$520.0KForm 4
Jan 29, 2025CHILLURA JOSEPHSEVP, CML Banking PresidentSale50,000$10.21$510.5KForm 4
Jan 27, 2025SANDOR NITZANDirectorBuy110$10.24$1.1KForm 4
Nov 8, 2024BANK LEUMI LE ISRAEL BM10% ownerBuy1,000,000$9.35$9.3MForm 4
Jun 14, 2024CHILLURA JOSEPHSEVP, CML Banking PresidentSale10,000$6.57$65.7KForm 4
Jun 10, 2024WILLIAMS SIDNEY SDirectorBuy742$6.74$5.0KForm 4
May 23, 2024CHILLURA JOSEPHSEVP, CML Banking PresidentSale25,000$7.43$185.8KForm 4
May 22, 2024ABRAMSON ANDREW BDirectorSale16,451$7.72$127.0KForm 4
Mar 11, 2024CHILLURA JOSEPHSEVP, CML Banking PresidentSale49,715$8.18$406.7KForm 4
Jan 29, 2024WILLIAMS SIDNEY SDirectorBuy673$10.37$7.0KForm 4
Dec 8, 2023CHILLURA JOSEPHSEVP, CML Banking PresidentSale50,000$9.95$497.5KForm 4
Nov 14, 2023CHILLURA JOSEPHSEVP, CML Banking PresidentSale100,000$8.64$864.0KForm 4
May 22, 2023SANI SURESH LDirectorBuy4,416$15.70$69.3KForm 4
May 12, 2023MENDELSON AVNERDirectorBuy2,611$15.52$40.5KForm 4
May 12, 2023MENDELSON AVNERDirectorBuy2,611$15.52$40.5KForm 4
May 8, 2023LENNER MARC JDirectorBuy2,000$15.09$30.2KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ira RobbinsCEO$1.1M$7.0M120
2025Gino MartocciSEVP, Commercial Banking$637.5K$4.2M120
2025Patrick D. SmithSEVP, Consumer Banking$250.0K$3.2M120
2025Russell BarrettSEVP, Chief Operating Officer$650.0K$2.3M120
2025Travis LanCFO$600.0K$2.0M120
2024Ira RobbinsCEO$1.1M$6.1M120
2024Russell BarrettSEVP, Chief Operating Officer$475.0K$1.5M120
2024Travis LanCFO$400.0K$932.3K120
2023Ira RobbinsCEO$1.0M$5.4M120

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.73,653,652$1.1B0.0%+2,991,067
Dimensional Fund Advisors LP30,528,862$447.3M0.1%+784,400
Vanguard Portfolio Management LLC25,297,793$370.6M0.0%+296,853
State Street Corp23,800,351$351.3M0.0%+474,950
Vanguard Capital Management LLC21,283,880$311.8M0.0%+31,052
Wellington Management Group Llp20,091,604$294.3M0.1%+4,576,448
Geode Capital Management, LLC15,188,393$222.5M0.0%+540,530
Nomura Asset Management International Inc.12,267,304$179.7M0.3%−190,427
Azora Capital LP10,247,196$150.1M6.3%+1,298,597
Aqr Capital Management LLC9,390,111$137.4M0.0%−902,716
Goldman Sachs Group Inc8,806,286$129.0M0.0%+995,104
Charles Schwab Investment Management Inc7,554,276$110.7M0.0%−169,331
Artemis Investment Management LLP7,276,674$106.6M0.9%+2,410,520
Morgan Stanley7,250,429$106.2M0.0%+1,211,845
Jupiter Asset Management Ltd6,885,523$100.9M0.5%No change
Freestone Grove Partners LP6,066,353$88.9M0.6%+617,544
American Century Companies Inc6,062,869$88.8M0.0%+35,759
Northern Trust Corp5,798,113$84.9M0.0%+231,776
Voya Investment Management LLC5,617,239$82.3M0.1%−367,330
Norges Bank5,275,012$77.3M0.0%New
Bank of New York Mellon Corp4,660,465$68.3M0.0%−123,680
Marshall Wace, Llp4,097,989$60.0M0.1%−436,238
Nuveen, LLC3,925,414$57.5M0.0%+100,969
Bank Of America Corp /de/3,632,089$53.2M0.0%−287,563
UBS Group AG3,630,239$53.2M0.0%−3,831,705

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Apr 9, 2026Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+17.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How VALLEY NATIONAL BANCORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVALLEY NATIONAL BANCORP1
  • CIK0000714310
  • Employer ID (EIN)22-247787513
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company13
  • Incorporated inNew Jersey13
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressOne Penn Plaza, New York, NY 101191
  • Phone(973) 305-88001
  • Shares outstanding552,605,226 as of Aug 5, 202611
  • Public float$5.0B as of Jun 30, 202513
  • AuditorKPMG LLP, New York, NY PCAOB ID 185; it also attests to the company’s internal control over financial reporting13
  • On EDGAR sinceFeb 28, 19941
  • Filings2,385 in all: 4 (1,173), 8-K (379), 5 (167), 10-Q (98), 3 (56), SC 13G/A (36), 425 (34), DEF 14A (33)1
    All 61 form types

    10-K (31), 4/A (23), S-8 (20), UPLOAD (20), ARS (19), CORRESP (19), 11-K (18), 424B2 (15), DEFA14A (15), FWP (15), S-4 (15), S-4/A (15), 144 (14), S-8 POS (14), 8-K/A (13), EFFECT (12), SC 13G (12), 424B5 (11), S-3ASR (11), 424B3 (10), 10-Q/A (7), 8-A12B (7), POSASR (7), PRE 14A (6), 10-K/A (5), 13F-HR (5), POS AM (5), S-3 (5), 3/A (3), CERTNYS (3), SC 13D (3), 10-K405 (2), 25-NSE (2), 424B7 (2), CERT (2), REGDEX (2), S-3/A (2), S-3D (2), S-3DPOS (2), SCHEDULE 13G (2), 25 (1), 424B4 (1), 8-A12B/A (1), CERTNAS (1), DEFM14A (1), NO ACT (1), NT 10-K (1), PREM14A (1), PRER14A (1), RW (1), S-3MEF (1), SC 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 3, 2026
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par valueVLYThe Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series A, no par valueVLYPPThe Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series B, no par valueVLYPOThe Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series C, no par valueVLYPNThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).13

Risk factors and legal proceedings

The risks VALLEY NATIONAL BANCORP names in Item 1A of its 10-K filed Feb 27, 2026: 38 risks under these headings, as written.13

  • Risks Related to the Operating Environment
  • Our financial results and condition may be adversely impacted by changing economic conditions.
  • Risks Associated with Our Business Model
  • A significant portion of our loan portfolio is secured by commercial real estate, and events that negatively impact the real estate market could adversely affect our asset quality and profitability for those loans secured by real property and increase the number of defaults and the level of losses within our loan portfolio.
  • The loss of or decrease in lower-cost funding sources within our deposit base, including our inability to achieve deposit retention targets within our branch network, may adversely impact our net interest income and net income.
  • Our deposit services for businesses in the state licensed cannabis industry could expose us to liabilities and regulatory compliance costs.
  • We could incur future goodwill impairment.
  • Our market share and income may be adversely affected by our inability to successfully compete against larger and more diverse financial services providers, digital fintech start-up firms and other financial services providers that have advanced technological capabilities. The financial services market is undergoing rapid technological changes, and if we are unable to stay current with those changes, we will not be able to effectively compete.
  • Failure to successfully implement our growth strategies or strategic initiatives could cause us to incur substantial costs and expenses which may not be recouped and adversely affect our future profitability.
  • We outsource various operations to third-party service providers, both domestic and foreign, which could adversely impact our operational performance.
  • Our investments in certain tax-advantaged projects may not generate returns as anticipated and may have an adverse impact on our results of operations.
  • We are subject to environmental liability risk associated with lending activities which could have a material adverse effect on our financial condition and results of operations.
The other 28 risks
  • We are subject to risks related to originating and selling loans, including repurchase and indemnification obligations.
  • We face risks as a servicer of loans.
  • Interest rate swap fees within capital markets income are a significant component of our non-interest income and could fluctuate in future periods.
  • We may not be able to attract, develop and retain skilled people.
  • We are subject to risks relating to corporate social responsibility matters that could adversely affect our reputation, business, financial condition and results of operations, as well as the price of our common and preferred stock.
  • Climate change and severe weather could adversely impact our operations, business, and clients.
  • Risks Related to Our Industry
  • Changes in interest rates could reduce our net interest income and earnings.
  • We may not be able to detect money laundering and other illegal or improper activities fully or on a timely basis, which could expose us to additional liability and could have a material adverse effect on us.
  • Higher charge-offs and weak credit conditions could require us to further increase our allowance for credit losses through a provision charge to earnings.
  • An increase in our non-performing assets may reduce our interest income and increase our net loan charge-offs, provision for loan losses, and operating expenses.
  • We may be required to consult with the Federal Reserve before declaring cash dividends on our common stock, which ultimately may delay, reduce, or eliminate such dividends and adversely affect the market price of our common stock.
  • General Commercial, Operational, Financial and Regulatory Risks
  • We may be unable to adequately manage our liquidity risk, which could affect our ability to meet our obligations as they become due, capitalize on growth opportunities, pay regular dividends on our common stock and generate adequate earnings.
  • The CECL model for determining our allowance for credit losses could add volatility to our provision for credit losses and earnings.
  • We rely on our systems of controls and procedures, and if our systems fail or are circumvented, our operations could be disrupted, which may result in a material adverse effect on our business, results of operations and financial condition.
  • Our business, financial condition and results of operations could be adversely affected by natural disasters, pandemics, acts of terrorism, and other catastrophic events.
  • Our ability to make opportunistic acquisitions is subject to significant risks, including the risk that regulators will not provide the requisite approvals.
  • Extensive regulation and supervision have a negative impact on our ability to compete in a cost-effective manner and may subject us to material compliance costs and penalties, and changes in regulation could adversely affect our business, financial condition and results of operations.
  • We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Changes in accounting policies or accounting standards could cause us to change the manner in which we report our financial results and condition in adverse ways and could subject us to additional costs and expenses.
  • Legal proceedings could result in significant expenses, losses and damage to our reputation.
  • Technology Risks
  • Cybersecurity incidents and other disruptions to our information systems, as well as those of our third-party service providers, could expose us to liability, losses, operational disruption and escalating operating costs.
  • We are subject to complex and evolving laws, regulations, rules, standards and contractual obligations regarding data privacy, cybersecurity, and artificial intelligence, which could increase the cost of doing business, compliance risks and potential liability.
  • Adoption of artificial intelligence tools by us and by our third-party vendors and service providers may increase the risk of errors, omissions, bias, unfair treatment or fraudulent behavior by our employees, clients, or counterparties, or other third parties which may result in reputational harm, liability, or impact our results of operations.
  • To comply with the rapidly evolving legal and regulatory requirements governing the use of AI, we may be required to expend significant resources, and we may have to change our product offerings or business practices, or prevent or limit our use of AI.
  • Risks Related to an Investment in Our Securities
  • We may reduce or eliminate the cash dividend on our common stock, which could adversely affect the market price of our common stock.
  • If our subsidiaries are unable to pay dividends or make distributions to us, we may be unable to make dividend payments to our preferred and common shareholders or interest payments on our long-term borrowings and junior subordinated debentures issued to capital trusts.
  • Future acquisitions may dilute shareholder value.
  • Future offerings of common stock, preferred stock, debt or other securities may adversely affect the market price of our stock and dilute the holdings of existing shareholders.

Legal proceedings

In the normal course of business, we are a party to various outstanding legal proceedings and claims. In the opinion of management, our financial condition, results of operations, and liquidity should not be materially affected by the outcome of such legal proceedings and claims. See Note 14 to the consolidated financial statements for additional information regarding Valley's legal proceedings.

The opening of Item 3, Legal Proceedings.13

Sources

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