Valley National Bank CEO: Demand for loans is 'unbelievable'

Financial Performance - Valley National Bank beat top and bottom line in earnings [1] - Valley National Bank has approximately $63 billion in assets [1] Market Trends & Opportunities - The banking industry is seeing opportunities in stable coins and AI [2] - AI is expected to fundamentally change the entire banking space and consumer behavior [3] - There is an unbelievable amount of opportunity in the banking space and corporate America in general [4] - Loan demand is unbelievably high [4][5] - New loan volume was around 6.78% - 6.80% for the quarter [6] - There is absolute demand for general working capital lines of credit [6] AI Investment & Strategy - Valley National Bank is investing dollars in people to work on AI [4] - Technology partner selection is critical for AI integration [4] - Valley National Bank aims to proactively reach out to customers regarding transactions to improve customer experience [4] Loan Growth - Valley National Bank had $700 million in CNI (Commercial and Industrial) growth in the last quarter, nearly 20% on an annualized basis [5] - Valley National Bank's commercial and industrial loan pipeline is 30% higher [5]