Latest news with #ValleyNationalBank
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
28-03-2025
- Business
- Yahoo
ExlService Holdings And 2 Other Stocks That May Be Priced Below Their Estimated Value
As the U.S. stock market grapples with heightened inflation concerns and declining consumer sentiment, major indices have experienced notable fluctuations, reflecting investor uncertainty about economic stability. Amid this environment, identifying undervalued stocks can be particularly appealing to investors seeking opportunities that may offer value despite broader market challenges. Name Current Price Fair Value (Est) Discount (Est) Provident Financial Services (NYSE:PFS) $17.39 $34.68 49.9% Brookline Bancorp (NasdaqGS:BRKL) $11.12 $21.93 49.3% Richardson Electronics (NasdaqGS:RELL) $11.48 $22.80 49.6% ACNB (NasdaqCM:ACNB) $41.80 $81.84 48.9% KBR (NYSE:KBR) $51.18 $101.30 49.5% German American Bancorp (NasdaqGS:GABC) $38.23 $75.40 49.3% Associated Banc-Corp (NYSE:ASB) $22.72 $44.74 49.2% Smurfit Westrock (NYSE:SW) $45.40 $89.89 49.5% Datadog (NasdaqGS:DDOG) $104.85 $205.93 49.1% ZEEKR Intelligent Technology Holding (NYSE:ZK) $24.80 $48.69 49.1% Click here to see the full list of 198 stocks from our Undervalued US Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: ExlService Holdings, Inc. is a data analytics and digital operations solutions company operating both in the United States and internationally, with a market cap of approximately $7.66 billion. Operations: ExlService Holdings generates revenue through its segments in Analytics ($796.20 million), Insurance ($614.03 million), Healthcare ($116.41 million), and Emerging Business ($311.74 million). Estimated Discount To Fair Value: 19.1% ExlService Holdings is trading at US$47.07, below its estimated fair value of US$58.15, suggesting potential undervaluation based on cash flows. The company's earnings have grown 20.5% annually over the past five years and are forecast to grow at 14.35% per year, outpacing the broader U.S. market's growth rate of 14%. Recent developments include a new AI platform, enhancing operational efficiency across various sectors like insurance and healthcare. The growth report we've compiled suggests that ExlService Holdings' future prospects could be on the up. Click here and access our complete balance sheet health report to understand the dynamics of ExlService Holdings. Overview: Valley National Bancorp is the holding company for Valley National Bank, offering a range of commercial, private banking, retail, insurance, and wealth management financial services with a market cap of approximately $5.06 billion. Operations: Valley National Bank's revenue segments include Consumer Banking at $290.40 million, Commercial Banking at approximately $1.18 billion, and Treasury and Corporate Other at $74.99 million. Estimated Discount To Fair Value: 47.8% Valley National Bancorp is trading at US$8.98, significantly below its fair value estimate of US$17.21, indicating undervaluation based on cash flows. Earnings are projected to grow 28.5% annually, surpassing the U.S. market's 14% growth rate, although insider selling has been significant recently. Leadership changes include Eyal Efrat joining as a director and Travis Lan promoted to CFO, reflecting strategic focus on strengthening financial management and technological capabilities amidst recent balance sheet challenges. Our growth report here indicates Valley National Bancorp may be poised for an improving outlook. Delve into the full analysis health report here for a deeper understanding of Valley National Bancorp. Overview: CBIZ, Inc. offers financial, insurance, and advisory services across the United States and Canada with a market cap of approximately $3.93 billion. Operations: The company's revenue is derived from Financial Services ($1.36 billion), Benefits and Insurance Services ($401.05 million), and National Practices ($49.89 million). Estimated Discount To Fair Value: 43.3% CBIZ, Inc. is trading at US$75.19, significantly below its estimated fair value of US$132.53, highlighting potential undervaluation based on cash flows. Despite a recent net loss and lower profit margins compared to the previous year, earnings are forecasted to grow 65.5% annually, outpacing the market average of 14%. The company is actively pursuing mergers and acquisitions to bolster growth and has increased its equity buyback plan by 5 million shares. The analysis detailed in our CBIZ growth report hints at robust future financial performance. Click here to discover the nuances of CBIZ with our detailed financial health report. Investigate our full lineup of 198 Undervalued US Stocks Based On Cash Flows right here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. 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:EXLS NasdaqGS:VLY and NYSE:CBZ. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
