Company profile

Ticker
VLYPP
Exchange
CEO
Ira D. Robbins
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
222477875

VLYPP stock data

(
)

Calendar

9 May 20
8 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 363.79M 343.77M 329.26M 327.74M
Net income 87.27M 38.1M 81.89M 76.47M
Diluted EPS 0.21 0.1 0.24 0.22
Net profit margin 23.99% 11.08% 24.87% 23.33%
Net change in cash 570.33M -63.55M 43.04M -11.4M
Cash on hand 1.01B 434.69M 498.24M 455.2M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.32B 1.16B 834.15M 761.89M
Net income 309.79M 261.43M 161.91M 168.15M
Diluted EPS 0.87 0.75 0.58 0.63
Net profit margin 23.45% 22.55% 19.41% 22.07%
Net change in cash 6.06M 12.52M 23.61M -21.3M
Cash on hand 434.69M 428.63M 416.11M 392.5M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
9 Jun 20 Lynch Kevin J Common Stock Buy Aquire P No 9.4694 6,350 60.13K 1,495,797
5 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 9.347 41,421 387.16K 649,835
5 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 9.3 4,551 42.32K 691,256
4 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 8.679 53,875 467.58K 695,807
3 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 8.539 46,125 393.86K 749,682
2 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 8.011 94,861 759.93K 795,807
2 Jun 20 Joseph Chillura Common Stock (with Spouse) Sell Dispose S No 8.14 55,139 448.83K 890,668
12 May 20 Edelstein Eric P Common Stock Buy Aquire P No 7.3622 30,000 220.87K 80,395
58.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 282 314 -10.2%
Opened positions 39 78 -50.0%
Closed positions 71 31 +129.0%
Increased positions 85 130 -34.6%
Reduced positions 102 55 +85.5%
13F shares
Current Prev Q Change
Total value 6.16B 9.11B -32.4%
Total shares 233.98M 242.52M -3.5%
Total puts 141K 99.9K +41.1%
Total calls 156.7K 182.8K -14.3%
Total put/call ratio 0.9 0.5 +64.6%
Largest owners
Shares Value Change
BLK BlackRock 52.67M $385.03M -3.3%
Vanguard 38.4M $280.71M +3.0%
Dimensional Fund Advisors 22.29M $162.97M -0.9%
STT State Street 14.92M $110.66M -2.1%
MCQEF Macquarie 13.18M $96.35M +0.9%
NTRS Northern Trust 8.39M $61.36M -0.6%
American Century Companies 6.22M $45.49M +7.2%
Geode Capital Management 5.97M $43.67M +9.7%
BK Bank Of New York Mellon 5.42M $39.62M -3.7%
Nuance Investments 4.27M $31.15M -11.4%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -4.76M EXIT
BLK BlackRock 52.67M -1.77M -3.3%
Renaissance Technologies 1.2M -1.69M -58.4%
FRLG Goldman Sachs 3.17M +1.33M +72.1%
FMR 1.93M +1.24M +180.5%
Vanguard 38.4M +1.13M +3.0%
Deprince Race & Zollo 2.21M +1.01M +83.7%
MS Morgan Stanley 563.17K -755.59K -57.3%
BMO Bank Of Montreal 14.2K -574.82K -97.6%
Acadian Asset Management 0 -561.34K EXIT

Financial report summary

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Risks
  • Changes in interest rates could reduce our net interest income and earnings.
  • Our financial results and condition may be adversely impacted by changing economic conditions.
  • Our business, financial condition and results of operations could be adversely affected by the outbreak of pandemic disease, acts of terrorism, and other external events.
  • Our investments in certain tax-advantaged projects may not generate returns as anticipated and may have an adverse impact on our results of operations.
  • The replacement of the LIBOR benchmark interest rate may have an impact on Valley’s business, financial condition or results of operations.
  • Claims and litigation could result in significant expenses, losses and damage to our reputation.
  • Cyber-attacks could compromise our information or result in the data of our customers being improperly divulged, which could expose us to liability, losses and escalating operating costs.
  • A significant portion of our loan portfolio is secured by 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.
  • Net gains on sales of residential mortgage loans are a significant component of our non-interest income and could fluctuate in future periods.
  • Our adoption of the CECL model for determining our allowance for credit losses expected to increase the level of our allowance and could add significant volatility to our provision for credit losses and earnings
  • Higher charge-offs and weak credit conditions could require us to 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.
  • The loss of or decrease in lower-cost funding sources within our deposit base, including our inability to achieve deposit retention targets under our branch transformation strategy, may adversely impact our net interest income and net income.
  • 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.
  • Our controls and procedures may fail or be circumvented, which may result in a material adverse effect on our business, results of operations and financial condition.
  • We could incur future goodwill impairment.
  • 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.
  • 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.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Future acquisitions may dilute shareholder value, especially tangible book value per share.
  • 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.
  • 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.
  • 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, or pay regular dividends on our common stock.
  • Our market share and income may be adversely affected by our inability to successfully compete against larger and more diverse financial service providers and digital fintech start-up firms.
  • Our ability to make opportunistic acquisitions is subject to significant risks, including the risk that regulators will not provide the requisite approvals.
  • Failure to successfully implement our growth strategies could cause us to incur substantial costs and expenses which may not be recouped and adversely affect our future profitability.
  • We may not keep pace with technological change within the financial services industry, negatively affecting our ability to remain competitive and profitable.
  • We rely on our systems, employees and certain service providers, and if our system fails, our operations could be disrupted.
  • We may not be able to attract and retain skilled people.
  • Climate change and severe weather could significantly impact our ability to conduct our business.
  • 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.
  • We may incur future losses in connection with repurchases and indemnification payments related to mortgages that we have sold into the secondary market.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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