Valley National Bancorp (NASDAQ: VLY) (“the company”) is the bank holding company for primary subsidiary, Valley National Bank (est. 1927). VLY operates a broad retail network with over 200 branch locations based largely in NJ, NYC, and FL, as well as a smaller presence in AL. The company’s primary operations are in traditional consumer and commercial banking services, though also include offerings of more specialized services such as investment and wealth management, and insurance. VLY also offers loan and deposit products for certain specialty industries including HOAs, venture banking, and cannabis-related business banking.
While investor CRE remains its largest loan concentration (45% of total loans at 1Q26), VLY has focused on diversifying its loan portfolio, through meaningful growth in C&I, which comprised 30% of total loans at 1Q26 (includes owner-occupied CRE). Stemming from this, VLY has managed to significantly reduce its CRE concentration…
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