Valley Bank | Jotup

Valley Bank Invested More than $3 Billion to Support Its Communities in 2023

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화요일, 5월 7, 2024

Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Building a Better Future” – the Bank’s 2023 Corporate Social Responsibility (CSR) Report highlighting its commitment to drive meaningful change through social economic and environmental initiatives.

Key Points:

Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Building a Better Future” – the Bank’s 2023 Corporate Social Responsibility (CSR) Report highlighting its commitment to drive meaningful change through social economic and environmental initiatives.
Last year, Valley invested more than $3 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois.
In 2023, Valley launched the Workplace Giving program which doubles the impact of its associates’ donations to their favorite nonprofit organizations through a matching donation.
Through the bank’s Valley Cares program, Valley employees volunteered more than 13,500 service hours to support community partners and programs in the regions we serve.

Valley National Bancorp Announces First Quarter 2024 Results

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목요일, 4월 25, 2024

Sale, Table, Investment, Credit, FHLB, Commercial, Insurance, Collection, Bank Leumi, ROA, Environment, Valley Bank, VLY, NPAS, Asset, Trust, FDIC, Government, NOW, Income tax, Bank

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2024 of $96.3 million, or $0.18 per diluted common share, as compared to the fourth quarter 2023 net income of $71.6 million, or $0.13 per diluted common share, and net income of $146.6 million, or $0.28 per diluted common share, for the first quarter 2023.

Key Points:

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2024 of $96.3 million, or $0.18 per diluted common share, as compared to the fourth quarter 2023 net income of $71.6 million, or $0.13 per diluted common share, and net income of $146.6 million, or $0.28 per diluted common share, for the first quarter 2023.
During the first quarter 2024, we recorded a provision for credit losses for loans of $45.3 million as compared to $20.7 million and $9.5 million for the fourth quarter 2023 and first quarter 2023, respectively.
Net loan charge-offs totaled $23.6 million for the first quarter 2024 as compared to $17.5 million and $30.4 million for the fourth quarter 2023 and first quarter 2023, respectively.
During the first quarter 2024, we also transferred $34.1 million of construction loans to loans held for sale at March 31, 2024.

Valley National Bancorp to Announce First Quarter 2024 Earnings

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목요일, 4월 11, 2024

Valley Bank, VLY, PIN, Interest

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2024 earnings before the market opens on Thursday, April 25, 2024.

Key Points:

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2024 earnings before the market opens on Thursday, April 25, 2024.
Valley’s CEO, Ira Robbins will host a conference call on Thursday, April 25th at 11:00 AM (ET) to discuss Valley’s first quarter 2024 earnings.
Interested parties should pre-register using this link: https://register.vevent.com/register/BIb09d0ea6593c48dcad8ecd137227d395 to receive the dial-in number and a personal PIN, which are required to access the conference call.
The teleconference will also be webcast live: https://edge.media-server.com/mmc/p/y8b6zk32 and archived on Valley’s website through Friday, May 31, 2024.

Dime Announces Significant Expansion of Private and Commercial Bank With Launch of National Deposits Group

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화요일, 3월 12, 2024

Bank OZK, Private, Dime Community Bank, Valley Bank, EVP, DCOM, Software, Insurance, Treasury, Commercial bank, Bank

HAUPPAUGE, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), continues to execute its growth plan and announced today the launch of a National Deposits Group.

Key Points:

HAUPPAUGE, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), continues to execute its growth plan and announced today the launch of a National Deposits Group.
The new National Deposits Group will consist of:
Martin Ball – Head of National Deposits.
Mr. Ball was previously Head of National Deposits at Valley Bank and prior to that an EVP of Bank OZK
Glen Carballo – Director of National Deposits.
With the launch of the National Deposits Group, our Private and Commercial Bank will have another growth engine in the years ahead.”

Bank Leumi concludes 2023 with a net income of approx. NIS 7 billion ($1.93 billion)

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화요일, 3월 19, 2024

War, Organization, Farmer, Growth, Valley Bank, Rehabilitation, ESG, Share repurchase, IDF, Bank, History, Bank Leumi, Bank statement, Common equity, National bank, NPL, TEL, HQ, Corporation

Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).

Key Points:

Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).
Net credit to the public as at December 31, 2023 totaled NIS 419.5 billion ($115.7 billion), compared to NIS 384.8 billion (106.1 billion) as at December 31, 2022 - a 9.02% increase.
Credit to retail customers as at December 31, 2023 totaled NIS 30.2 billion ($8.3 billion), compared to NIS 32.5 billion ($9.0 billion) as at December 31, 2022 - 7.08% decrease.
Credit to small businesses as at December 31, 2023 totaled NIS 26.2 billion ($7.2 billion), compared to NIS 26.7 billion ($7.4 billion) as at December 31, 2022 - a 1.87% decrease.

Valley National Bancorp Announces Adoption Of Share Repurchase Program

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수요일, 2월 21, 2024

Valley Bank, Security (finance), VLY

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board of Directors approved a stock repurchase program authorizing the purchase of up to 25 million shares of Valley common stock.

Key Points:

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board of Directors approved a stock repurchase program authorizing the purchase of up to 25 million shares of Valley common stock.
Valley’s current stock repurchase program, unless terminated sooner, is set to expire on April 25, 2024.
The authorization to repurchase under the new repurchase program will be effective on April 26, 2024 and expire on April 26, 2026.
The program does not obligate Valley to acquire any particular amount of shares and may be suspended or discontinued at any time at Valley’s discretion.

Valley National Bancorp Declares Its Regular Quarterly Preferred And Common Stock Dividends

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수요일, 2월 21, 2024

Valley Bank, VLY, Holding company

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.

Key Points:

NEW YORK, Feb. 21, 2024 (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 March 14, 2024 are as follows:
A cash dividend of $0.390625 per share to be paid April 1, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series A;
A cash dividend of $0.574234 per share to be paid March 29, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B; and
A cash dividend of $0.11 per share will be paid April 2, 2024 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.

NayaOne Secures $4.7M to Disrupt Financial Services with Game-Changing Sandbox Platform

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수요일, 2월 28, 2024

Fintech, Valley Bank, Digital transformation, Growth, FIS, AI

This investment is a testament to NayaOne's growth and potential to transform financial services with its innovative sandbox-as-a-service platform.

Key Points:

This investment is a testament to NayaOne's growth and potential to transform financial services with its innovative sandbox-as-a-service platform.
NayaOne's proven platform enables a radical reduction in technology adoption cycles within the finance sector.
Financial institutions can now swiftly navigate the fintech landscape, fostering partnerships that were once hindered by traditional, slow-moving processes.
Karan Jain, CEO of NayaOne, emphasises the significance of this funding round, it's a nod to the opportunity and magnitude of the challenge we're tackling in financial services.

NayaOne Secures $4.7M to Disrupt Financial Services with Game-Changing Sandbox Platform

Retrieved on:

수요일, 2월 28, 2024

Fintech, Valley Bank, Digital transformation, Growth, FIS, AI

This investment is a testament to NayaOne's growth and potential to transform financial services with its innovative sandbox-as-a-service platform.

Key Points:

This investment is a testament to NayaOne's growth and potential to transform financial services with its innovative sandbox-as-a-service platform.
NayaOne's proven platform enables a radical reduction in technology adoption cycles within the finance sector.
Financial institutions can now swiftly navigate the fintech landscape, fostering partnerships that were once hindered by traditional, slow-moving processes.
Karan Jain, CEO of NayaOne, emphasises the significance of this funding round, it's a nod to the opportunity and magnitude of the challenge we're tackling in financial services.

Valley National Bancorp Reports Fourth Quarter 2023 Results

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목요일, 1월 25, 2024

FDIC, Table, Bank statement, Credit, ROA, Collection, VLY, FHLB, Sale, Valley Bank, Investment, NOW, NPAS, Asset, Fourth, Growth, Bank

During the fourth quarter 2023, the provision for credit losses for loans was $20.7 million as compared to $9.1 million and $7.3 million for the third quarter 2023 and fourth quarter 2022, respectively.

Key Points:

During the fourth quarter 2023, the provision for credit losses for loans was $20.7 million as compared to $9.1 million and $7.3 million for the third quarter 2023 and fourth quarter 2022, respectively.
Credit Quality: Net loan charge-offs totaled $17.5 million for the fourth quarter 2023 as compared to $5.5 million and $22.4 million for the third quarter 2023 and fourth quarter 2022, respectively.
Efficiency Ratio: Our efficiency ratio was 60.70 percent for the fourth quarter 2023 as compared to 56.72 percent and 49.30 percent for the third quarter 2023 and fourth quarter 2022, respectively.
Net interest income on a tax equivalent basis totaling $398.6 million for the fourth quarter 2023 decreased $15.1 million and $68.7 million as compared to the third quarter 2023 and fourth quarter 2022, respectively.