Valley National Bancorp Announces First Quarter 2026 Results
Valley National Bancorp reported net income of $163.9 million for the first quarter 2026, down from $195.4 million in the fourth quarter 2025. The company's net interest income increased to $472.8 million, driven by a decline in the cost of total average deposits.
Valley National Bancorp reported first quarter 2026 net income of $163.9 million, or $0.28 per diluted common share. The company's adjusted net income was $168.9 million, or $0.29 per diluted common share. Net interest income on a tax equivalent basis was $472.8 million, an increase of $6.7 million from the fourth quarter 2025. Total deposit balances increased $676.5 million to $52.9 billion at March 31, 2026. Total loans increased $692.1 million to $50.8 billion, driven by growth in commercial real estate and commercial and industrial loans. Valley's CEO stated that the company is well-positioned to benefit from the adoption of artificial intelligence, having invested early in AI talent.
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