UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jur ...

Valley National Bancorp (NASDAQ:VLY) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Travis Lan – Head of Investor Relations Ira Robbins – Chief Executive Officer Tom Iadanza – President Mike Hagedorn – Chief Financial Officer Conference Call Participants Michael Perito – KBW Frank Schiraldi – Piper Sandler Dave Bishop – Hovde Group Steven Alexopoulos – JPMorgan Matthew Breese – Stephens Inc. Jon Arfstrom – RBC Capital Markets Travis Lan Good morning, and welcome to Valley ...

3 Q 2 2 E a r n i n g s P r e s e n t a t i o n > O c t o b e r 2 7 , 2 0 2 2 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 our business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jurisdic ...

Valley National Bancorp (NASDAQ:VLY) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Travis Lan - Head of IR Ira Robbins - President & CEO Tom Iadanza - President Mike Hagedorn - CFO Conference Call Participants Michael Perito - KBW Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Dave Bishop - Hovde Group Jon Arfstrom - RBC Capital Markets Operator Good day, and thank you for standing by. Welcome to Q2 2022 Valley National Bancorp Earnings Conference Call. At this t ...

2 Q 2 2 E a r n i n g s P r e s e n t a t i o n > J u l y 2 8 , 2 0 2 2 Forward Looking Statements This presentation 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 our business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jurisdi ...

1 Q 2 2 E a r n i n g s P r e s e n t a t i o n > A p r i l 2 8 , 2 0 2 2 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 our business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions a ...

Valley National Bancorp (NASDAQ:VLY) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Travis Lan - Head of Investor Relations Ira Robbins - President and CEO Tom Iadanza - President Mike Hagedorn - Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Steven Alexopoulos - JPMorgan Matthew Breese - Stephens Dave Bishop - Hovde Group Operator Thank you for standing by, and welcome to the First Quarter 2022 Valley National Banc ...

Financial Overview - As of December 31, 2021, Valley National Bancorp had total assets of $43.4 billion, total net loans of $33.8 billion, total deposits of $35.6 billion, and total shareholders' equity of $5.1 billion[14]. - Valley facilitated approximately 21,500 SBA-approved PPP loans totaling $3.2 billion, with $436.0 million of PPP loans still outstanding as of December 31, 2021[29]. - The commercial and industrial loans totaled approximately $5.8 billion, representing 17.1% of the total loan portfolio as of December 31, 2021[31]. - Commercial real estate and construction loans totaled $20.8 billion, representing 60.9% of the total loan portfolio as of December 31, 2021[34]. - Residential mortgage loans amounted to $4.5 billion, accounting for 13.3% of the total loan portfolio at December 31, 2021[35]. - Other consumer loans reached $3.0 billion, representing 8.7% of the total loan portfolio at December 31, 2021[36]. - Total investment securities and interest-bearing deposits with banks were $3.9 billion and $1.8 billion, respectively, as of December 31, 2021[38]. - Approximately 75% of Valley's gross loans, totaling $34.2 billion, consisted of commercial real estate, residential mortgage, and home equity loans as of December 31, 2021[39]. - Valley's construction loans totaled approximately $1.9 billion at December 31, 2021, with a diverse mix of residential and commercial development projects[34]. Acquisitions and Market Presence - Valley completed the acquisition of The Westchester Bank Holding Corporation on December 1, 2021, adding approximately $1.4 billion in assets and expanding its New York market presence[21]. - The acquisition of Oritani Financial Corp. on December 1, 2019, added approximately $4.3 billion in assets and enhanced Valley's presence in the Bergen County market[23]. - Valley announced the pending acquisition of Bank Leumi Le-Israel Corporation, which had total assets of $8.3 billion and total deposits of $7.1 billion as of December 31, 2021[24]. - Valley's commercial loans to small and middle market businesses are primarily located in New Jersey, New York, Florida, and Alabama, with Florida accounting for approximately 26% of total commercial and industrial loans as of December 31, 2021[31]. Credit Risk and Management - The non-accrual taxi medallion loans totaled approximately $85.4 million, with related reserves of $58.5 million, or 68.0% of such loans, as of December 31, 2021[32]. - Credit risk management policies are regularly reviewed and approved by management and the Board of Directors to minimize credit risk while maximizing income[49]. - The allowance for credit losses (ACL) is based on ongoing quarterly assessments and includes a collective reserve for estimated lifetime expected credit losses and an individual reserve for loans with unique risk characteristics[62]. - At December 31, 2021, 4.38% of commercial loans originated by third parties were past due 30 days or more, representing 0.16% of the total commercial loan portfolio delinquencies[65]. - Valley purchased approximately $58.3 million of 1-4 family loans qualifying for Community Reinvestment Act (CRA) purposes during 2021, compared to $24.3 million in 2020[63]. - The total commercial loans and residential mortgage loans purchased amounted to approximately $666.0 million and $543.0 million, respectively, at December 31, 2021[64]. Workforce and Corporate Governance - Valley's voluntary turnover rate was 20% in 2021, with an average employee tenure of 7.9 years[73]. - Valley's workforce demographics as of December 31, 2021, included approximately 59% White and 41% People of Color, and 65% Female and 35% Male[76]. - The bank's strategy includes continuous review of pricing, products, locations, and potential acquisitions to enhance its competitive position[71]. - Valley established the Environmental, Social and Governance (ESG) Council in 2020 to address social and environmental responsibilities[81]. Regulatory Compliance and Capital Management - Valley National Bank's capital ratios were all above the minimum levels required for it to be considered a "well capitalized" financial institution at December 31, 2021[96]. - Under Basel III, Valley is required to maintain a 2.5 percent capital conservation buffer on top of the minimum risk-weighted asset ratios, resulting in minimum CET1 ratio of at least 7.0 percent[93]. - The Dodd-Frank Act imposed stress testing on Valley and the Bank, but they are no longer subject to these requirements due to the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act[101]. - Valley is subject to the interchange fee cap established by the Durbin Amendment, which limits the maximum permissible interchange fee for debit transactions[100]. - Valley's compliance costs are significant and may increase with new governmental regulations, placing it at a competitive disadvantage compared to less regulated competitors[86]. - The Holding Company Act requires prior approval by the FRB for Valley to acquire five percent or more of the voting stock of any other bank[89]. - Valley National Bank is subject to supervision and regular examination by the OCC, which imposes various restrictions and requirements[91]. - Valley has invested in venture capital funds consistent with the exemption requirements of the amended Volcker Rule[102]. - The FRB and the OCC review incentive compensation arrangements of Valley as part of their regular examination process[104]. - Valley National Bank's deposits are insured up to applicable limits by the FDIC, with a risk-based system categorizing institutions into four risk categories[117]. - The Dodd-Frank Act established a permanent $250,000 limit for federal deposit insurance, with assessment rates ranging from 5 to 35 basis points[119]. - Valley National Bank received an "outstanding" CRA rating in its most recent examination for the three-year period ending in 2018, with the next examination due in 2022[108]. Transition and Regulatory Changes - The transition away from LIBOR to the Secured Overnight Financing Rate (SOFR) is mandated, with most LIBOR tenors ceasing publication by June 30, 2023[120]. - Valley National Bank ceased originating LIBOR-based products as of December 31, 2021, to comply with regulatory guidance[122]. - The bank is subject to the Consumer Financial Protection Bureau (CFPB) supervision due to having over $10 billion in assets, focusing on consumer protection and compliance with federal laws[114]. - Extensions of credit to insiders must follow stringent underwriting procedures and not exceed certain limitations based on the Bank's capital[106]. - The bank's dividend payments are subject to regulatory limitations, only declaring dividends up to the sum of its net profits for the year and retained net profits for the preceding two years[105]. - The Anti Money Laundering Act requires financial institutions to establish programs to detect and report money laundering activities[110]. - Valley National Bank is prohibited from paying directors and officers a higher deposit rate than that paid to other depositors on similar deposits[107].