filecrux
Oct 22, 11:20 AM
$VLY Follow-up: Valley National posts record
$206.3M Q3 profit.
🏢 Valley National Bank's parent:
$67.5B assets, ~
$7.19B market value at
$13.02 (16:00 ET Oct 21, 2026)
📈 Q3 2026 EPS
$0.36 vs
$0.29 in Q2; extra tax credits cut the tax rate to 15.3% from 22.5%
🚀 2026 guide: loans above the high end of 4%-6% growth; tax rate ~20% (was 23%-24%)
⚠️ At Q2's 22.5% tax rate, Q3 profit would be ~
$189M; net charge-offs rose to
$37.1M from
$22.0M
📅 Next: Providence (announced August 25, 2026) and Bluevine deals expected to close in early 2027
Source: GlobeNewswire release, Oct 22 + SEC 8-K, Oct 22
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