valley national bank, the wholly-owned subsidiary of valley national bancorp (nyse:vly), provides retail and commercial banking services, cash management, consumer and commercial lending, investment alternatives, insurance and estate planning solutions through 213 locations, 254 atms, online (valleynationalbank.com), and mobile devices. as a regional bank, we offer innovative financial solutions and exceptional customer service throughout new jersey, manhattan, bronx, brooklyn, queens, long island, and florida. our goal is to assist you in achieving your financial goals with information, guidance, insight and tools. our conservative approach, designed to protect our customers, shareholders and employees, is one of our strengths, especially during uncertain economic times. we are big enough to provide the depth and breadth of resources, yet we have the ability to deliver customized solutions like a responsive, local community bank. above all, we are a bank you can trust. that’s wh
Company profile
Ticker
VLY, VLYPP, VLYPO
Exchange
Website
CEO
Ira Robbins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
222477875
VLY stock data
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
5 Apr 24
ARS
2023 FY
Annual report to shareholders
5 Apr 24
DEFA14A
Additional proxy soliciting materials
5 Apr 24
DEF 14A
Definitive proxy
5 Apr 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Valley National Bancorp Announces Adoption of
21 Feb 24
8-K
Valley National Bancorp Reports Fourth Quarter 2023 Results
25 Jan 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Valley National Bancorp Announces Third Quarter 2023 Results
26 Oct 23
8-K
Departure of Directors or Certain Officers
19 Sep 23
Transcripts
VLY
Earnings call transcript
2023 Q4
25 Jan 24
VLY
Earnings call transcript
2023 Q3
26 Oct 23
VLY
Earnings call transcript
2023 Q2
27 Jul 23
VLY
Earnings call transcript
2023 Q1
27 Apr 23
VLY
Earnings call transcript
2022 Q4
26 Jan 23
VLY
Earnings call transcript
2022 Q3
27 Oct 22
VLY
Earnings call transcript
2022 Q2
29 Jul 22
VLY
Earnings call transcript
2022 Q1
28 Apr 22
VLY
Earnings call transcript
2021 Q4
27 Jan 22
VLY
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.14 bn | 1.14 bn | 1.14 bn | 1.14 bn | 1.14 bn | 1.14 bn |
Cash burn (monthly) | 270.20 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.85 bn | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -707.67 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.6 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
54.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 260 |
Opened positions | 40 |
Closed positions | 108 |
Increased positions | 77 |
Reduced positions | 82 |
13F shares | Current |
---|---|
Total value | 2.18 tn |
Total shares | 276.37 mm |
Total puts | 971.50 k |
Total calls | 2.00 mm |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
BLMIF Bank Leumi Le Israel BM | 71.86 mm | $937.08 mm |
Vanguard | 45.63 mm | $495.49 bn |
Dimensional Fund Advisors | 24.89 mm | $270.31 bn |
STT State Street | 22.51 mm | $246.88 bn |
MCQEF Macquarie | 18.24 mm | $198.07 bn |
American Century Companies | 14.07 mm | $152.79 bn |
Fuller & Thaler Asset Management | 12.62 mm | $137.05 bn |
Charles Schwab Investment Management | 6.29 mm | $68.36 bn |
BK Bank Of New York Mellon | 5.59 mm | $60.73 bn |
Victory Capital Management | 5.09 mm | $55.31 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Avner Mendelson | Common Stock | Payment of exercise | Dispose F | No | No | 7.96 | 17,754 | 141.32 k | 113,761 |
1 Apr 24 | Russell Barrett | Common Stock | Payment of exercise | Dispose F | No | No | 7.96 | 439 | 3.49 k | 23,227 |
1 Apr 24 | Raja A Dakkuri | Common Stock | Payment of exercise | Dispose F | No | No | 7.96 | 1,316 | 10.48 k | 37,583 |
11 Mar 24 | Joseph Chillura | Common Stock (with Spouse) | Sell | Dispose S | No | No | 8.18 | 49,715 | 406.67 k | 545,249 |
4 Mar 24 | Baum Peter J | Common Stock | Gift | Acquire G | No | No | 0 | 2,245 | 0.00 | 86,844 |
News
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10 Apr 24
Stocks Sink On Worrisome Inflation Data, Yields Spike On Rate Cut Delays, Dollar Rallies: What's Driving Markets Wednesday?
10 Apr 24
Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors
10 Apr 24
RBC Capital Maintains Outperform on Valley Ntl, Lowers Price Target to $10
9 Apr 24
Key Takeaways From Valley Ntl Analyst Ratings
4 Apr 24
Press releases
Valley National Bancorp to Announce First Quarter 2024 Earnings
11 Apr 24
Valley Bank's New York City Commercial Banking Team Closes $150 Million Syndicated Credit Facility to a Premier New York -Based Finance Company
2 Apr 24
Valley National Bancorp Declares Its Regular Quarterly Preferred And Common Stock Dividends
21 Feb 24
Valley National Bancorp Announces Adoption Of Share Repurchase Program
21 Feb 24