Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.
Credit Challenges | Explore Valley National Bancorp's strategy to build reserves amid elevated provisions and net charge-offs, impacting short-term earnings but potentially strengthening long-term stability. |
Balance Sheet Turnaround | Learn how VLY's accelerated timeline for achieving allowance targets signals a commitment to financial strength, with analysts projecting a more normalized 2025. |
Revenue Resilience | Delve into VLY's ability to increase margin and spread revenues while controlling core expenses, showcasing adaptability in a challenging economic landscape. |
Future Prospects | Analysts offer mixed views on VLY, with price targets ranging from $7 to $9, reflecting varied opinions on the bank's profitability and growth potential amid ongoing challenges. |
Metrics to compare | VLY | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipVLYPeersSector | |
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P/E Ratio | 18.7x | −164.9x | 8.7x | |
PEG Ratio | −0.41 | 1.50 | 0.03 | |
Price/Book | 0.9x | 0.0x | 1.0x | |
Price / LTM Sales | 3.8x | 1.7x | 2.8x | |
Upside (Analyst Target) | 3.4% | 0.0% | 10.6% | |
Fair Value Upside | Unlock | −20.8% | 2.8% | Unlock |