Core Viewpoint - Valley National Bancorp is set to release its fourth quarter 2025 earnings on January 29, 2026, before market opening [1] Group 1: Earnings Release Information - The earnings release will occur before the market opens on January 29, 2026 [1] - CEO Ira Robbins will host a conference call on the same day at 8:30 AM (ET) to discuss the earnings [2] - Interested parties must pre-register to receive the dial-in number and personal PIN for the conference call [2] Group 2: Teleconference Details - The teleconference will be available via live webcast and archived on Valley's website until February 23, 2026 [3] - Investor presentation materials will be accessible prior to the conference call on Valley's website [3] Group 3: Company Overview - Valley National Bank, the principal subsidiary of Valley National Bancorp, has approximately $63 billion in assets [4] - The bank operates in multiple states including New Jersey, New York, Florida, Alabama, California, and Illinois [4] - Valley is focused on providing convenient services and innovative solutions to meet customer needs [4]

Core Viewpoint - Saratoga Investment Corp. is expected to report a decline in quarterly earnings and revenue for its third quarter, with analysts projecting earnings of 59 cents per share and revenue of $31.35 million [1]. Group 1: Earnings Expectations - The company is anticipated to report quarterly earnings of 59 cents per share, a decrease from 90 cents per share in the same period last year [1]. - Revenue is expected to be $31.35 million, down from $35.88 million a year earlier [1]. Group 2: Recent Developments - On November 6, Saratoga Investment announced a new $85 million credit facility with Valley National Bank [2]. - Following the announcement, shares of Saratoga Investment rose by 0.2%, closing at $23.07 [2]. Group 3: Analyst Ratings - Analyst John Rowan from Janney Montgomery Scott downgraded the stock from Buy to Neutral on October 10, 2025, with an accuracy rate of 51% [3]. - Analyst Casey Alexander from Compass Point also downgraded the stock from Buy to Neutral and reduced the price target from $25.25 to $24.25 on June 9, 2025, with an accuracy rate of 66% [3].

Core Viewpoint - Saratoga Investment Corp. is expected to report a decline in quarterly earnings and revenue for its third quarter, indicating potential challenges ahead for the company [1]. Financial Performance - The company is projected to report earnings of 59 cents per share for the third quarter, a decrease from 90 cents per share in the same period last year [1]. - Revenue is anticipated to be $31.35 million, down from $35.88 million a year earlier [1]. Recent Developments - On November 6, Saratoga Investment announced a new $85 million credit facility with Valley National Bank, which may provide additional liquidity for operations [2]. - Following the announcement, shares of Saratoga Investment rose by 0.2%, closing at $23.07 [2]. Analyst Ratings - Analyst John Rowan from Janney Montgomery Scott downgraded the stock from Buy to Neutral on October 10, 2025, with an accuracy rate of 51% [3]. - Analyst Casey Alexander from Compass Point also downgraded the stock from Buy to Neutral and reduced the price target from $25.25 to $24.25 on June 9, 2025, with an accuracy rate of 66% [3].

Core Viewpoint - Saratoga Investment Corp. has secured a new $85 million senior secured revolving credit facility with Valley National Bank, replacing its previous $65 million facility, enhancing borrowing capacity and extending maturity while reducing costs [1][2][4]. Financing Details - The new Valley Facility increases borrowing capacity by $20 million, raising it to $85 million from the previous $65 million [2][5]. - The maturity of the Valley Facility is extended to November 2028, compared to the January 2026 maturity of the Encina Facility [2][5]. - The applicable margin under the Valley Facility is reduced to 2.85% per annum, a decrease of approximately 150 basis points from the previous all-in rate of 4.35% [5]. Asset and Funding Flexibility - The Valley Facility expands the definition of eligible assets for borrowing base calculations to include additional debt investments, enhancing financing flexibility [2][5]. - At closing, approximately $32.5 million of the total $85 million will be drawn, consistent with the outstanding balance under the previous facility, leaving $52.5 million available for incremental funding [3][5]. - The minimum funding requirement under the Valley Facility is set at the greater of $25 million or 38% of the facility amount, compared to a minimum of $32.5 million for the Encina Facility [5]. Management Commentary - The Chairman and CEO of Saratoga Investment expressed satisfaction with the new facility, highlighting its role in enhancing financing flexibility and lowering capital costs, reflecting strong portfolio performance and lending relationships [4]. - The CFO noted that this financing represents a significant step in capital optimization efforts, allowing for a broader range of eligible assets and improved terms [4]. Company Overview - Saratoga Investment Corp. is a specialty finance company focused on providing customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt [6]. - The company aims to generate attractive risk-adjusted returns through current income and long-term capital appreciation from its investments [6]. - Saratoga Investment is regulated as a business development company and manages a $650 million collateralized loan obligation fund, among other financial activities [6].

Core Viewpoint - Valley National Bancorp reported strong financial performance in Q3 2025, with net income of $163.4 million, reflecting a significant increase from both the previous quarter and the same quarter last year [1][2]. Financial Performance - Net income for Q3 2025 was $163.4 million, or $0.28 per diluted share, compared to $133.2 million ($0.22 per share) in Q2 2025 and $97.9 million ($0.18 per share) in Q3 2024 [1]. - Adjusted net income, excluding non-core items, was $164.1 million for Q3 2025, up from $134.4 million in Q2 2025 and $96.8 million in Q3 2024 [1]. Net Interest Income and Margin - Net interest income on a tax-equivalent basis increased to $447.5 million in Q3 2025, up $13.8 million from Q2 2025 and $35.7 million from Q3 2024 [3][4]. - The net interest margin improved to 3.05% in Q3 2025, a 4 basis point increase from 3.01% in Q2 2025 and a 19 basis point increase from 2.86% in Q3 2024 [5]. Deposits - Total deposits rose by $450.5 million to $51.2 billion as of September 30, 2025, primarily due to inflows from commercial and government deposits [3][9]. - Non-interest bearing deposits remained stable at approximately $11.7 billion [9]. Loan Portfolio - Total loans decreased by $118.6 million, or 1.0% on an annualized basis, to $49.3 billion as of September 30, 2025, driven by declines in commercial real estate and commercial and industrial loans [3][6]. - Residential mortgage loans increased by $85.4 million to $5.8 billion, while total consumer loans rose by $50.7 million to $4.0 billion [8]. Credit Quality - The allowance for credit losses for loans was $598.6 million, representing 1.21% of total loans as of September 30, 2025 [11][17]. - Net loan charge-offs totaled $14.6 million in Q3 2025, a decrease from $37.8 million in Q2 2025 and $42.9 million in Q3 2024 [11][17]. Capital Adequacy - Total risk-based capital ratio was 13.83% as of September 30, 2025, up from 13.67% at June 30, 2025 [18]. - The company repurchased 1.3 million shares of common stock at an average price of $9.38 during the third quarter [18].

Core Viewpoint - Valley National Bancorp is set to release its third quarter 2025 earnings on October 23, 2025, before market opening [1] Earnings Release Information - The earnings conference call will be hosted by CEO Ira Robbins on October 23, 2025, at 11:00 AM (ET) [2] - Interested parties must pre-register to receive the dial-in number and personal PIN for the conference call [2] - The teleconference will be available for live webcast and archived on Valley's website until November 24, 2025 [3] Company Overview - Valley National Bank, the principal subsidiary of Valley National Bancorp, has $63 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]

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Core Viewpoint - Valley National Bancorp announced the full redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, totaling $115 million, effective June 15, 2025, enhancing its financial flexibility and capital efficiency [1][3]. Group 1: Redemption Details - The total principal amount of the Notes being redeemed is $115,000,000 [1]. - The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the Redemption Date [1]. - Holders of the Notes will receive notice and further instructions regarding the redemption process [2]. Group 2: Company Background - Valley National Bank, the principal subsidiary of Valley National Bancorp, has approximately $62 billion in assets [3]. - The bank operates numerous branch locations and commercial banking offices across several states, including New Jersey, New York, Florida, Alabama, California, and Illinois [3]. - Valley National Bank is committed to supporting community growth and providing innovative services to meet customer needs [3].

Core Insights - Valley National Bancorp reported a net income of $106.1 million for Q1 2025, a decrease from $115.7 million in Q4 2024 but an increase from $96.3 million in Q1 2024, with diluted earnings per share remaining stable at $0.18 [1][25] - The adjusted net income for Q1 2025 was $106.1 million, compared to $75.7 million in Q4 2024 and $99.4 million in Q1 2024 [1][25] Financial Performance - Net interest income for Q1 2025 was $421.4 million, a decrease of $2.9 million from Q4 2024 but an increase of $26.5 million from Q1 2024 [3][5] - The net interest margin increased by 4 basis points to 2.96% in Q1 2025 compared to 2.92% in Q4 2024 [3][6] - Non-interest income rose by $7.1 million to $58.3 million in Q1 2025, driven by net gains on loan sales [8] Loan Portfolio - Total loans decreased by $142.6 million, or 1.2% annualized, to $48.7 billion as of March 31, 2025, primarily due to normal repayment activity [3][9] - Commercial and industrial loans increased by $218.8 million, or 8.8% annualized, to $10.2 billion, while automobile loans grew by $140.2 million, or 29.5% annualized, to $2.0 billion [9] Credit Quality - The provision for loan losses was $62.7 million in Q1 2025, down from $107.0 million in Q4 2024, indicating improved credit quality [12][16] - Non-accrual loans decreased to $346.5 million, or 0.71% of total loans, from $359.5 million, or 0.74%, at the end of Q4 2024 [12][13] Deposits - Total deposits decreased by $110.0 million to $50.0 billion as of March 31, 2025, largely due to a $726.5 million decrease in indirect customer deposits [4][10] - Non-interest bearing deposits increased by $199.9 million to $11.6 billion, reflecting higher inflows from commercial customers [4][10] Capital Adequacy - Valley's total risk-based capital ratio was 13.91% as of March 31, 2025, slightly up from 13.87% at the end of Q4 2024 [17]

Core Insights - Taboola has secured a new $270 million revolving credit facility, which will be used to pay off the remaining $123.2 million of its prior term loan, resulting in estimated annual interest savings of approximately $3 to $5 million [1][2]. Financial Impact - The refinancing reduces the company's cost of capital, strengthens liquidity, and extends debt maturities to 2030 [2]. - The new facility provides approximately $180 million in additional debt capacity, enhancing financial flexibility [6]. Business Strategy - The financing supports Taboola's ability to invest in profitable growth while maintaining an aggressive share buyback program [2]. - Taboola's advertising technology aims to deliver measurable outcomes at scale, empowering businesses to grow beyond traditional search and social platforms [3]. Market Position - Taboola collaborates with thousands of businesses, reaching around 600 million daily active users through its ad platform, Realize [4]. - Major publishers like NBC News and Yahoo, along with OEMs such as Samsung and Xiaomi, utilize Taboola's technology to enhance audience engagement and revenue [4].