Latest news with #ValleyNationalBancorp
Business Wire
6 days ago
- Business
- Business Wire
Valley Bank Invested More than $2.5 Billion to Support Its Communities in 2024
MORRISTOWN, N.J.--(BUSINESS WIRE)-- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released 'Making our Mark, Together' – the Bank's 2024 Sustainability Report which combines our annual Corporate Social Responsibility Report (CSR) and our biennial Environmental, Social, and Governance (ESG) Report. This year's report highlights the Bank's commitment to helping shape a world that thrives on sustainable community development. Last year, Valley invested more than $2.5 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois. To view the full report click here. Report highlights include: $782 million in community development loans to advance affordable housing and community services to low-to-moderate income (LMI) individuals, economic and community development, and revitalization and stabilization $734 million in community development investments supporting LMI neighborhoods individuals and businesses $478 million in multi-family and residential mortgage loans to support affordable housing in LMI areas and for LMI individuals $306 million in loans to support small businesses and/or in underserved neighborhoods $5.6+ million in total charitable giving last year to support non-profit organizations More than 16,300 volunteer hours to support community partners and programs in the regions Valley serves Valley is committed to supporting community and economic development, as well as entrepreneurship, throughout the communities we serve, with a heightened focus on strengthening low-to-moderate income (LMI) neighborhoods and individuals. This issue marks the 10th edition of Valley's report, outlining Valley's continued commitment to our pillars: Promoting affordable housing Stimulating community and economic development Inspiring innovation and entrepreneurship Driving impactful local leadership 'As relationship bankers at Valley, collaboration with our community partners and other stakeholders creates positive impact and allows us to be responsive to the needs of the communities we collectively serve,' said Bernadette Mueller, Executive Vice President and Chief Corporate Social Responsibility-CRA Officer. About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $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.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) ('Valley'), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on June 13, 2025 are as follows: A cash dividend of $0.390625 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series A; A cash dividend of $0.514326 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series B; A cash dividend of $0.515625 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and A cash dividend of $0.11 per share will be paid July 1, 2025 on Valley's common stock. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. The common cash dividend should not be used as an indicator of future dividends to Valley's common stockholders. About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $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 in 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. Forward Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about Valley's business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified by such forward-looking terminology as 'intend,' 'should,' 'expect,' 'believe,' 'view,' 'opportunity,' 'allow,' 'continues,' 'reflects,' 'typically,' 'usually,' 'anticipate,' 'may,' 'estimate,' 'outlook,' 'project,' or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Valley's actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to those risk factors disclosed in Valley's Annual Report on Form 10-K for the year ended December 31, 2024.
Yahoo
20-05-2025
- Business
- Yahoo
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) ('Valley'), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on June 13, 2025 are as follows: A cash dividend of $0.390625 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series A; A cash dividend of $0.514326 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series B; A cash dividend of $0.515625 per share to be paid June 30, 2025 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and A cash dividend of $0.11 per share will be paid July 1, 2025 on Valley's common stock. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. The common cash dividend should not be used as an indicator of future dividends to Valley's common stockholders. About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $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 in 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. Forward Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about Valley's business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified by such forward-looking terminology as 'intend,' 'should,' 'expect,' 'believe,' 'view,' 'opportunity,' 'allow,' 'continues,' 'reflects,' 'typically,' 'usually,' 'anticipate,' 'may,' 'estimate,' 'outlook,' 'project,' or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Valley's actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to those risk factors disclosed in Valley's Annual Report on Form 10-K for the year ended December 31, 2024. Contact: Travis Lan Senior Executive Vice President and Chief Financial Officer (973) 686-5007
Yahoo
16-05-2025
- Business
- Yahoo
Valley National Bancorp Announces Redemption of $115,000,000 Aggregate Principal Amount of 5.25% Fixed-To-Floating Rate Subordinated Notes Due 2030
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today announced the redemption, in full, of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the 'Notes') in an aggregate principal amount of $115,000,000. The redemption date for the Notes is June 15, 2025 (the 'Redemption Date'). The Notes will be redeemed at a redemption price of 100% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date. In accordance with the terms of the Notes, the holders of the Notes will receive notice of the redemption and further instructions and details related to the process of such redemption. Interest on the Notes will cease to accrue on and after the Redemption Date, and no Notes will remain outstanding following the redemption. Ira Robbins, Chief Executive Officer, commented, 'Over the last few years we have strengthened our balance sheet which has positioned us to redeem the Notes. We are pleased to have the financial flexibility to further optimize the efficiency of our capital base while maintaining the ability to support our strategic initiatives.' 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. Forward-Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's expectations with respect to the redemption. Such forward-looking statements involve certain risks and uncertainties. Actual outcomes may differ materially from such forward-looking statements. Factors that may cause actual outcomes to differ materially from those contemplated by such forward-looking statements are included in Valley's filings with the Securities and Exchange Commission, including Part I, Item 1A 'Risk Factors' of Valley's Annual Report on Form 10-K for the year ended December 31, 2024. Valley undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in its expectations, except as required by law. Although Valley believes that the expectations reflected in the forward-looking statements are reasonable, future results, levels of activity, performance and achievements cannot be guaranteed. Contact: Travis Lan Senior Executive Vice President and Chief Financial Officer 973-686-5007
Yahoo
15-05-2025
- Business
- Yahoo
May 2025's Value Stocks Estimated Below Intrinsic Worth
As the U.S. stock market navigates mixed performances, with the S&P 500 and Nasdaq extending their winning streaks amid encouraging economic data, investors are keenly assessing opportunities in undervalued stocks. In this environment, identifying stocks that are estimated to be trading below their intrinsic worth can offer potential value plays for those looking to capitalize on market inefficiencies. Name Current Price Fair Value (Est) Discount (Est) Berkshire Hills Bancorp (NYSE:BHLB) $26.56 $51.80 48.7% Valley National Bancorp (NasdaqGS:VLY) $9.17 $18.22 49.7% KBR (NYSE:KBR) $55.66 $108.48 48.7% Horizon Bancorp (NasdaqGS:HBNC) $15.77 $30.71 48.7% Insteel Industries (NYSE:IIIN) $37.01 $72.18 48.7% Bel Fuse (NasdaqGS:BELF.A) $71.85 $143.21 49.8% Shoals Technologies Group (NasdaqGM:SHLS) $6.11 $11.89 48.6% FinWise Bancorp (NasdaqGM:FINW) $14.84 $29.22 49.2% Vertex Pharmaceuticals (NasdaqGS:VRTX) $421.16 $823.12 48.8% Clearfield (NasdaqGM:CLFD) $37.47 $74.54 49.7% Click here to see the full list of 173 stocks from our Undervalued US Stocks Based On Cash Flows screener. Here's a peek at a few of the choices from the screener. Overview: Datadog, Inc. provides an observability and security platform for cloud applications globally, with a market cap of approximately $40.51 billion. Operations: The company generates revenue primarily from its IT Infrastructure segment, amounting to $2.83 billion. Estimated Discount To Fair Value: 32.2% Datadog is trading at US$119.09, significantly below its estimated fair value of US$175.69, suggesting it may be undervalued based on cash flows. Despite a decline in net income for Q1 2025, revenue increased to US$761.55 million from the previous year. The company's earnings are forecasted to grow significantly at 24% annually, outpacing the broader U.S. market's growth expectations while maintaining a robust partnership with Chainguard for enhanced security solutions. Our growth report here indicates Datadog may be poised for an improving outlook. Click here to discover the nuances of Datadog with our detailed financial health report. Overview: Workday, Inc. offers enterprise cloud applications globally and has a market cap of approximately $72.23 billion. Operations: The company generates revenue from its cloud applications segment, which amounts to $8.45 billion. Estimated Discount To Fair Value: 26.7% Workday, Inc. is currently trading at US$271.17, below its estimated fair value of US$369.83, indicating potential undervaluation based on cash flows. Revenue growth is expected to outpace the broader U.S. market at 11.5% annually, while earnings are projected to grow significantly at 27.2% per year. Recent strategic expansions and partnerships in AI and data integration enhance its service offerings, potentially improving operational efficiencies and financial performance despite a recent decline in profit margins. Our comprehensive growth report raises the possibility that Workday is poised for substantial financial growth. Get an in-depth perspective on Workday's balance sheet by reading our health report here. Overview: On Holding AG is involved in the development and distribution of sports products globally, with a market cap of approximately $18.58 billion. Operations: The company generates revenue primarily from the Athletic Footwear segment, which amounts to CHF 2.54 billion. Estimated Discount To Fair Value: 10.5% On Holding is trading at US$57.59, slightly below its fair value of US$64.34, suggesting it may be undervalued based on cash flows. The company forecasts revenue growth of 17.9% annually, outpacing the U.S. market average, with earnings expected to grow significantly at 22.9% per year. Recent guidance revisions project a strong sales increase for 2025 amid robust global demand, despite a dip in Q1 net income compared to the previous year. The analysis detailed in our On Holding growth report hints at robust future financial performance. Navigate through the intricacies of On Holding with our comprehensive financial health report here. Click this link to deep-dive into the 173 companies within our Undervalued US Stocks Based On Cash Flows screener. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:DDOG NasdaqGS:WDAY and NYSE:ONON. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error 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
