Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Contact: Travis Lan Mr. Robbins continued, "I am generally pleased with the quarter's results from a credit perspective. The provision for loan losses for the first quarter was at the lowest point in the last four quarters, and we anticipate further improvement throughout the remainder of the year. Non-accrual loans and early stage delinquencies also improved sequentially, and we believe our allowance coverage to total loans is at a comfortable level as of Mar ...

Core Viewpoint - Valley National (VLY) is expected to report quarterly earnings of $0.19 per share, unchanged from the same period last year, with revenues projected at $485.92 million, reflecting a year-over-year increase of 6.8% [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.8% over the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Key Metrics Forecast - Analysts forecast an 'Efficiency Ratio' of 58.2%, down from 59.1% in the same quarter last year [5] - The estimate for 'Average Balance - Total interest earning assets' is $58.16 billion, compared to $56.62 billion a year ago [5] - 'Net interest income - FTE' is estimated at $425.54 million, up from $394.85 million in the previous year [5] Non-Interest Income Projections - 'Total non-interest Income' is expected to be $60.38 million, down from $61.42 million in the same quarter last year [6] - 'Bank owned life insurance' is projected at $3.55 million, compared to $3.24 million a year ago [6] Additional Revenue Streams - 'Wealth management and trust fees' are forecasted at $17.48 million, down from $17.93 million in the same quarter last year [7] - 'Service charges on deposit accounts' are expected to be $12.98 million, up from $11.25 million in the previous year [7] - 'Fees from loan servicing' are projected at $3.15 million, slightly down from $3.19 million a year ago [8] Stock Performance - Valley National shares have decreased by 11.1% over the past month, compared to an 8.9% decline in the Zacks S&P 500 composite [8]

Group 1 - Valley National (VLY) shares increased by 7.7% to close at $8.57, following a notable trading volume that exceeded typical levels, contrasting with a 7.2% loss over the past four weeks [1][2] - The stock's rally was influenced by President Donald Trump's announcement of a 90-day tariff pause for non-retaliating nations, which positively impacted investor sentiment [2] - Valley National is expected to report quarterly earnings of $0.19 per share, unchanged from the previous year, with revenues projected at $485.93 million, reflecting a 6.8% increase year-over-year [3] Group 2 - The consensus EPS estimate for Valley National has been revised 0.9% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4] - Valley National holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while SmarFinancial (SMBK), another company in the same industry, closed 3.1% higher at $28.45 but has seen a -10.6% return over the past month [4] - SmarFinancial's consensus EPS estimate remains at $0.55, representing a 12.2% increase compared to the previous year's EPS, and it also holds a Zacks Rank of 3 (Hold) [5]

Core Points - Valley National Bancorp will release its first quarter 2025 earnings on April 24, 2025, before market opens [1] - A conference call hosted by CEO Ira Robbins will take place on the same day at 11:00 AM (ET) to discuss the earnings [2] - The teleconference will be available via live webcast and archived on Valley's website [3] Company Overview - Valley National Bank, a regional bank and principal subsidiary of Valley National Bancorp, has $62 billion in assets [4] - The bank operates in multiple states including New Jersey, New York, Florida, Alabama, California, and Illinois, focusing on customer service and community growth [4] - Valley is dedicated to providing innovative banking solutions and has a knowledgeable team to meet customer needs [4]

Leadership Appointments - Valley National Bancorp has appointed Gino Martocci as Senior Executive Vice President and President of Commercial Banking, and Travis Lan as Senior Executive Vice President and Chief Financial Officer (CFO) [1][6] - These appointments are part of the bank's strategy to strengthen its leadership team and execute its strategic priorities [1] Gino Martocci's Background - Gino Martocci has over 30 years of experience in commercial banking and has a proven track record of driving profitable growth [2] - Prior to joining Valley, he served as Head of Commercial and Commercial Real Estate Banking for M&T Bank [2] - Martocci will oversee Valley's enterprise-wide commercial banking operations, focusing on client relationship management and strategic initiatives [3] Travis Lan's Background - Travis Lan has been promoted to CFO after joining Valley in 2020, where he contributed to strategic growth and balance sheet transformation [6] - He has experience in M&A, investor relations, capital raising, and has previously worked in investment banking and equity research [6][7] - As CFO, Lan will oversee financial reporting, accounting, taxation, and corporate treasury [7] Transition and Future Outlook - Joe Chillura, the current President of Commercial Banking, will depart the bank on June 30, 2025, and will assist in the transition to Martocci's leadership [4][5] - The CEO, Ira Robbins, expressed confidence in Martocci's ability to strengthen and grow the commercial banking business [4] - Lan expressed eagerness to work with the senior leadership team to achieve strategic initiatives and create value for stakeholders [9] Company Overview - Valley National Bank, a regional bank with over $62 billion in assets, operates across several states including New Jersey, New York, Florida, Alabama, California, and Illinois [9] - The bank is committed to providing convenient services and supporting community growth [9]

Core Insights - Valley National Bancorp has appointed Gino Martocci as Senior Executive Vice President and President of Commercial Banking, and Travis Lan as Senior Executive Vice President and Chief Financial Officer (CFO) to strengthen its leadership team and execute strategic priorities [1][4][6]. Group 1: Leadership Appointments - Gino Martocci brings over 30 years of commercial banking experience and a proven track record of driving profitable growth, previously serving as Head of Commercial and Commercial Real Estate Banking for M&T Bank [2][3]. - In his new role, Martocci will oversee enterprise-wide commercial banking operations, focusing on client relationship management and strategic initiatives to expand market presence [3][4]. - Travis Lan has been promoted to CFO after contributing to the bank's strategic growth and balance sheet transformation since joining in 2020, with responsibilities including M&A, investor relations, and financial reporting [6][7]. Group 2: Transition and Future Plans - Joe Chillura, the current President of Commercial Banking, will depart on June 30, 2025, but will support the transition to Martocci's leadership [4][5]. - Both Martocci and Lan expressed enthusiasm for their new roles, emphasizing the importance of teamwork and commitment to the bank's long-term vision [4][8][9]. Group 3: Company Overview - Valley National Bank, a regional bank with over $62 billion in assets, operates across multiple states including New Jersey, New York, Florida, Alabama, California, and Illinois, focusing on providing convenient services and supporting community growth [9].

Financial Overview - As of December 31, 2024, Valley National Bancorp had consolidated total assets of $62.5 billion, total net loans of $48.2 billion, total deposits of $50.1 billion, and total shareholders' equity of $7.4 billion[17]. - Valley ranked 10th in competitive ranking and market share based on deposits reported by 150 FDIC-insured financial institutions in the New York, Northern New Jersey, and Long Island deposit markets as of June 30, 2024[23]. - The total loan portfolio as of December 31, 2024, was $48.8 billion, with commercial and industrial loans making up a significant portion[43]. Loan Portfolio Composition - Commercial and industrial loans totaled approximately $9.9 billion, representing 20.4% of the total loan portfolio at December 31, 2024[29]. - Commercial real estate and construction loans totaled $29.6 billion, representing 60.7% of the total loan portfolio at December 31, 2024[31]. - Residential mortgage loans totaled $5.6 billion, representing 11.5% of the total loan portfolio as of December 31, 2024[37]. - Other consumer loans amounted to $3.6 billion, accounting for 7.4% of the total loan portfolio as of December 31, 2024[37]. - At December 31, 2024, approximately 73% of Valley's gross loans, totaling $48.8 billion, consisted of commercial real estate, residential mortgage, and home equity loans[41]. Credit Risk Management - The company adheres to a credit policy designed to minimize credit risk while maximizing income, with centralized credit authority for significant portfolio percentages[49]. - The allowance for credit losses (ACL) is based on expected credit losses under the CECL methodology, which includes a collective reserve for estimated lifetime expected credit losses and an individual reserve for collateral dependent loans[61]. - Less than 1.0% of commercial loans originated by third parties were past due 30 days or more, representing 1.1% of total commercial loan portfolio delinquencies[65]. - 3.4% of residential mortgage loans originated by third parties were past due 30 days or more, which represented 25.8% of total residential mortgage portfolio delinquencies[65]. Employee and Operational Insights - Valley employed 3,732 full and part-time employees as of December 31, 2024, with a voluntary turnover rate of 13.5%[66]. - In 2024, Valley hired 669 employees, and the average tenure of employees was 7.1 years[66]. - Valley operates 229 branch offices and has an extensive ATM network to provide convenient access to its services[26]. Regulatory Compliance and Challenges - Valley is required to maintain a Common Equity Tier 1 (CET1) capital ratio of at least 7.0%, Tier 1 capital ratio of at least 8.5%, and total capital ratio of at least 10.5% under Basel III regulations[89]. - Valley's capital ratios were impacted by a phased-in deferral amount of $47.3 million, which reduced risk-based capital ratios by approximately 9 basis points as of December 31, 2024[93]. - Valley is subject to extensive regulation and supervision, with potential changes in regulatory policies expected under the new U.S. presidential administration, which could materially affect its business[81]. - The Bank's dividend payments are subject to regulatory limitations, allowing dividends only up to the sum of net profits for the year and retained net profits from the previous two years[104]. Strategic Initiatives - The company aims to reduce its commercial real estate loan concentration ratio from 362% at December 31, 2024, to below 350% by December 31, 2025[33]. - The company executed a strategy to reduce investor commercial real estate and construction loans while focusing on commercial and industrial loan growth[41]. - The company continually reviews pricing, products, locations, and acquisition prospects to maintain and enhance its competitive position[27]. Impact of External Factors - The Federal Reserve proposed a reduction in the maximum permissible interchange fee for large debit card issuers, which could adversely impact Valley's revenue if adopted[99]. - Valley's compliance costs are significant and expected to increase due to new governmental regulations and heightened supervision, potentially placing it at a competitive disadvantage compared to less regulated competitors[80]. - The Dodd-Frank Act's Durbin Amendment imposes a maximum interchange fee of 21 cents plus 5 basis points for debit transactions, affecting Valley due to its asset size exceeding $10 billion[98]. Consumer Protection and Privacy Regulations - The final rule from the CFPB regarding overdraft credit requires compliance with consumer protections, effective October 1, 2025[117]. - The California Consumer Privacy Act (CCPA) grants California residents expanded privacy rights, including the right to access and delete personal information[131]. - Non-compliance with evolving data privacy and cybersecurity laws could lead to investigations and enforcement actions against the company[136].

Core Viewpoint - The article emphasizes the importance of contrarian investment strategies based on macroeconomic views and specific stock turnaround stories to achieve significant returns with a favorable risk/reward profile [1]. Group 1 - The author has over fifteen years of experience in making contrarian bets [1]. - The focus is on identifying potential investment opportunities through macro views and stock-specific analysis [1]. - The article invites readers to request coverage on specific stocks or ask questions related to investment [1]. Group 2 - There is a clear disclaimer regarding the lack of current stock positions or plans to initiate any positions within the next 72 hours [2]. - The article does not provide specific investment recommendations or advice tailored to individual investors [2]. - The views expressed may not represent the overall opinions of the platform, as the authors are independent and may not be licensed professionals [2].

Core Viewpoint - Valley National Bancorp's fourth-quarter 2024 adjusted earnings per share (EPS) of 13 cents missed the Zacks Consensus Estimate of 15 cents, reflecting a significant year-over-year decline of 40.9% [1] Financial Performance - The company's total revenues for the fourth quarter were $474.2 million, representing a year-over-year increase of 5.4% and exceeding the Zacks Consensus Estimate of $469.5 million [4] - For the full year 2024, total revenues decreased by 2% to $1.85 billion, but still met the consensus estimate [4] - Net interest income (NII) for the fourth quarter was $424.3 million, up 6.4%, with a net interest margin of 2.92%, an increase of 10 basis points [4] Income and Expenses - Non-interest income fell by 2.8% to $51.2 million due to lower net gains on securities transactions and net losses on sales of loans [5] - Non-interest expenses decreased by 18.2% to $278.6 million, while adjusted non-interest expenses rose by 1.2% to $275.8 million [5] - The adjusted efficiency ratio improved to 57.21%, down from 60.70% in the prior-year quarter, indicating enhanced profitability [5] Loans and Deposits - As of December 31, 2024, total loans were $48.8 billion, down 1.1% sequentially, primarily due to repayment activity in commercial real estate [6] - Total deposits amounted to $50.1 billion, showing a slight decline from the previous quarter [7] Credit Quality - Total non-performing assets increased by 27.2% year-over-year to $373.3 million, with provisions for credit losses rising significantly to $106.5 million from $20.6 million [8] - The allowance for credit losses as a percentage of total loans was 1.17%, up 24 basis points from the year-ago quarter [8] Profitability and Capital Ratios - Adjusted annualized return on average assets was 0.48%, down from 0.76% in the prior-year quarter, while adjusted annualized return on average shareholders' equity decreased to 4.17% from 7.01% [9] - The tangible common equity to tangible assets ratio improved to 8.40% from 7.58% year-over-year, and the Tier 1 risk-based capital ratio rose to 11.55% from 9.72% [10] Strategic Outlook - The company's organic growth trajectory, strategic acquisitions, and solid balance sheet are expected to support its financials, although rising costs and weakening asset quality pose significant concerns [11]

Financial Data and Key Metrics - The company refers to non-GAAP measures when discussing results, which exclude certain items from reported results [4] - The quarterly earnings release and supporting documents are available on the company's website at valley.com [4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific information on company strategy, development direction, or industry competition was provided in the content Management Commentary on Operating Environment and Future Outlook - No specific commentary from management on the operating environment or future outlook was provided in the content Other Important Information - Comments made during the call may contain forward-looking statements relating to Valley National Bancorp and the banking industry [5] - Participants are encouraged to refer to the company's SEC filings, including Forms 8-K, 10-Q, and 10-K, for a complete discussion of forward-looking statements and factors that could cause actual results to differ [5] Q&A Session Summary - No Q&A session content was provided in the documents