Valley National Bancorp (NASDAQ: VLYPN)

Valley National Bancorp is a registered bank holding company and financial holding company headquartered in Morristown, New Jersey. The company offers a full suite of banking solutions through commercial, private banking, retail, insurance, and wealth management financial services products. It provides personalized service and customized solutions to assist customers with their financial service needs, including traditional consumer and commercial deposit and lending products, commercial real estate financing, asset-based loans, small business loans, equipment financing, insurance and wealth management solutions, and personal financing solutions such as residential mortgages, home equity loans, and automobile financing. Valley also offers niche financial services, including loan and deposit products for homeowners associations, cannabis-related business banking, and venture banking, which are offered nationally.

Valley generates revenue primarily through interest income from its loan portfolio and non-interest income from fee-based services. The company earns interest from commercial and industrial loans, commercial real estate loans, residential mortgage loans, and other consumer loans. Non-interest income is derived from wealth management and insurance services, brokerage activities, trust services, tax credit advisory, and treasury management and payments solutions. Valley’s revenue model is supported by its diversified lending activities and fee-generating divisions across its Consumer Banking, Commercial Banking, and Wealth Management and Insurance Services Division.

The company operates through the following segments: Consumer Banking and Commercial Banking.

• Consumer Banking: This segment includes residential mortgage loans, other consumer loans such as automobile loans, home equity loans and lines of credit, and loans secured by the cash surrender value of life insurance. It also encompasses the Wealth Management and Insurance Services Division, which provides asset management advisory, brokerage, trust, personal and title insurance, tax credit advisory services, and international and domestic private banking businesses. The division offers asset management advisory services for individuals and small to medium sized businesses, brokerage services for buying and selling securities, trust services including living and testamentary trusts, and tax credit advisory services for sourcing, syndication, and structuring federal and state tax credits for commercial customers and development projects.

• Commercial Banking: This segment provides commercial and industrial loans, commercial real estate and construction loans, and financing to healthcare and industrial equipment leasing markets through its leasing subsidiary, Highland Capital Corp. Commercial and industrial loans totaled approximately $11.0 billion at December 31, 2025, representing 21.9 percent of the total loan portfolio. Commercial real estate and construction loans totaled $29.2 billion and represented 58.3 percent of the total loan portfolio at December 31, 2025. The segment serves small and middle market businesses, with selective nationwide lending in specialty lines including healthcare, capital call lines of credit, and equipment leasing.

Valley National Bank is the largest commercial bank headquartered in New Jersey, with top markets in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, Westchester County, New York, Florida, and Alabama. The company ranked 10th in competitive ranking and market share based on deposits reported by 150 FDIC-insured financial institutions in the New York, Northern New Jersey and Long Island deposit markets as of June 30, 2025, and ranked 1st in this market among financial institutions below $1 trillion in assets. Valley competes with commercial and savings banks, savings and loan associations, credit unions, money market and mutual funds, mortgage companies, fintech companies, title agencies, asset managers, insurance companies, and other local, regional, and national financial institutions. Its competitive advantages include premier relationship banking service, a robust suite of innovative financial products, strong community presence with almost 100 years of service, and a multi-channel delivery system comprising branch offices, an extensive ATM network, and telephone, online, and digital banking platforms.

Valley serves a diverse customer base including individuals, small and middle market businesses, real estate developers, healthcare providers, nonprofit organizations, government contractors, and venture-related entities. The company provides financial services to homeowners associations, cannabis-related businesses, and clients across industries such as real estate, commercial and industrial, healthcare, and nonprofit. Its customers benefit from personalized relationship-based advice and access to a wide range of deposit and lending products tailored to their financial needs.