Latest news with #IraRobbins
CNBC
25-07-2025
- Business
- CNBC
Valley National Bank CEO: Demand for loans is 'unbelievable'
Ira Robbins, Valley National Bank CEO, joins 'Power Lunch' to discuss the chief executive's thoughts on stablecoins, demand for loans and much more.
Yahoo
01-07-2025
- Business
- Yahoo
Valley National Bancorp Announces New General Counsel
MORRISTOWN, N.J., July 01, 2025--(BUSINESS WIRE)--Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that Lyndsey Sloan has joined the company as Senior Executive Vice President, General Counsel. In this role, Ms. Sloan will oversee the legal function at Valley and serve as a strategic advisor to executive management and the Board of Directors. "We are excited to welcome Lyndsey to Valley," said Valley CEO Ira Robbins. "Lyndsey's deep experience in banking, governance, and complex transactions will help Valley navigate an evolving landscape as we continue to deliver relationship-driven service and solutions to our clients." Ms. Sloan brings over two decades of legal and leadership experience in the financial services and technology sectors. Most recently, she served as Deputy General Counsel at The Huntington National Bank, where she led a 30-attorney team advising across business lines and functions. Her background includes overseeing regulatory relations, advising on numerous transactions, launching an enterprise-wide patent program to support innovation, and serving as Corporate Secretary to the Board of Directors. Earlier in her career, Ms. Sloan was General Counsel for Global Technology Finance and for a global software company, where she helped lead the sale of the business to its largest competitor. "I am excited to join Valley's talented leadership team and to contribute to the incredible culture formed by nearly 100 years in banking," said Ms. Sloan. "I look forward to collaborating with the leadership team to deliver value to Valley's customers, communities, associates, and shareholders." Ms. Sloan succeeds Gary Michael, who has retired after more than 19 years of dedicated service to Valley. About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $62 Billion in total assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100. View source version on Contacts Pam Golden(973) 564-8591pam@
Yahoo
23-06-2025
- Business
- Yahoo
VLY Q1 Deep Dive: Deposit Growth and CRE Portfolio Trends Shape Outlook
Regional banking company Valley National Bancorp (NASDAQ:VLY) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 5.7% year on year to $478.4 million. Its non-GAAP profit of $0.18 per share was in line with analysts' consensus estimates. Is now the time to buy VLY? Find out in our full research report (it's free). Revenue: $478.4 million vs analyst estimates of $485.2 million (5.7% year-on-year growth, 1.4% miss) Adjusted EPS: $0.18 vs analyst estimates of $0.19 (in line) Market Capitalization: $4.86 billion Valley National Bank delivered first quarter results that reflected mixed underlying performance, as revenue growth was offset by pressures in operating income. Management attributed the 5.7% increase in sales to continued expansion in commercial and industrial lending, along with a notable rise in core customer deposits. CEO Ira Robbins emphasized that 'consistent C&I expansion has primarily come from small and middle market businesses where demand continues to percolate.' However, the company also saw incremental spread compression due to heightened competition and lower yields on new loan originations. While net interest income benefited from lower deposit costs, the bank acknowledged headwinds from sluggish commercial real estate activity and a modest seasonal slowdown in certain fee-based businesses. Looking ahead, Valley National Bank's outlook is shaped by expectations for modest loan growth, ongoing improvements in funding costs, and a stable credit environment. Management anticipates loan and net interest income growth to trend toward the lower end of previous guidance, offset in part by disciplined expense management. CFO Travis Lan noted that 'continued growth in lending lines will support low single-digit loan growth for the year,' while also stressing the importance of controlling non-interest expenses. The bank remains focused on further reducing its reliance on higher-cost brokered deposits and expects a gradual pickup in commercial real estate originations as the year progresses. Management highlighted a diversified loan pipeline and resilient small business customers as key supports for future performance. Management pointed to several operational shifts impacting Q1, including deposit mix improvements, ongoing commercial real estate portfolio adjustments, and cost discipline efforts. Deposit mix optimization: Valley National Bank saw strong growth in core customer deposits, which enabled repayment of $700 million in higher-cost brokered balances. Management highlighted that non-interest deposit balances increased for the third consecutive quarter, helping to reduce overall funding costs. CRE portfolio recalibration: The company continued to intentionally shrink its exposure to certain commercial real estate (CRE) investments, with a $350 million decline in regulatory CRE balances. CEO Ira Robbins stated that while CRE concentration is expected to stabilize, future reductions will likely be driven more by growth in other loan categories rather than further portfolio contraction. C&I loan growth momentum: Management reported 9% annualized growth in commercial and industrial (C&I) lending, attributing this to a focus on small and middle market businesses. This expansion helped offset weaker activity in CRE originations during the quarter. Expense control measures: Adjusted non-interest expenses fell 3% sequentially, driven by lower technology, consulting, and marketing costs. CFO Travis Lan emphasized that future expense growth will likely fall to the low end of initial guidance, aiding profitability improvement. Stable credit performance: Non-accrual loans and delinquent balances improved, and net loan charge-offs along with provisions declined meaningfully from the prior quarter. Chief Credit Officer Mark Sager explained that the allowance coverage ratio now stands at a five-year high, reflecting a more stable credit outlook. Management expects future results to hinge on disciplined deposit strategy, commercial lending momentum, and maintaining credit quality as competition intensifies. Deposit cost reduction: Continued efforts to reprice and grow core deposits are expected to drive further declines in funding costs, supporting net interest margin improvement through the rest of the year. Management sees the ongoing runoff of brokered deposits as a key lever for controlling expenses. Loan growth diversification: The bank anticipates that modest growth in C&I and consumer lending will offset slower commercial real estate activity. Management highlighted an expanding loan pipeline, which now exceeds $2.7 billion in potential deals, as a sign of healthy demand despite broader economic uncertainty. Credit and expense discipline: Management expects net charge-offs and loan loss provisions to remain stable or improve, supported by a conservative reserve position. Additionally, strict expense controls are intended to preserve operating leverage even if revenue growth slows. In the coming quarters, the StockStory team will be monitoring (1) continued progress in shifting the funding mix toward lower-cost core deposits, (2) stabilization and potential growth in commercial real estate originations as market conditions evolve, and (3) the ability to sustain double-digit annualized growth in commercial and industrial lending. Execution on expense management and further improvement in credit quality will also be key markers of success. Valley National Bank currently trades at $8.74, up from $8.61 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Valley National Bancorp to Announce Second Quarter 2025 Earnings
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2025 earnings before the market opens on Thursday, July 24, 2025. Valley's CEO, Ira Robbins will host a conference call on Thursday, July 24, 2025 at 11:00 AM (ET) to discuss Valley's second quarter 2025 earnings. Interested parties should pre-register using this link: to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: and archived on Valley's website through Monday, August 25, 2025. Investor presentation materials will be made available prior to the conference call at About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100.
Yahoo
09-06-2025
- Business
- Yahoo
Valley National Bancorp to Announce Second Quarter 2025 Earnings
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2025 earnings before the market opens on Thursday, July 24, 2025. Valley's CEO, Ira Robbins will host a conference call on Thursday, July 24, 2025 at 11:00 AM (ET) to discuss Valley's second quarter 2025 earnings. Interested parties should pre-register using this link: to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: and archived on Valley's website through Monday, August 25, 2025. Investor presentation materials will be made available prior to the conference call at About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100. Contact: Travis Lan Senior Executive Vice President and Chief Financial Officer 973-686-5007Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
