Monitor the deposit migration from Bluevine's partner bank to Valley within 180 days post-close, as successful onboarding of the $2.1B low-cost deposits is critical to the deal's funding benefit. Also track integration of Bluevine's AI/tech talent and any impact on Valley's 2027 expense run-rate.
Price Chart
Executive Summary
Valley National Bancorp announced the acquisition of Bluevine Inc. for $340 million in aggregate consideration, consisting of approximately $255 million in cash and 6.3 million shares of Valley common stock. The deal is expected to close in early 2027, is projected to be ~8% accretive to 2028 EPS, and will add $2.1 billion in low-cost digital deposits and ~180 R&D professionals to accelerate Valley's digital and AI strategy.
Key Facts
- Valley to acquire Bluevine for $340 million total consideration (~75% cash, ~25% stock).
- Consideration includes ~$255 million cash and ~6.3 million shares of Valley common stock.
- Acquisition expected to close in early 1Q 2027, subject to HSR approval and customary conditions.
- Bluevine brings $2.1 billion of active core deposits at a 1.44% cost (84 bps below Valley's 2.28% deposit cost).
- Bluevine serves ~175,000 active SMB customers with platform-generated deposits growing at ~35% CAGR (2023-1H26).
- Transaction expected to be ~8% accretive to 2028E EPS, with ~5% TBV dilution at close and ~3-year TBV earn-back.
- Pro forma CET1 ratio estimated at 10.3%+ at close (inclusive of pending Providence Financial acquisition).
- Bluevine's co-founders (CEO Eyal Lifshitz and CTO Nir Klar) will remain with Valley post-close.
- ~$50 million run-rate pre-tax cost savings expected, with 50% phase-in for 2027.
- Durbin Amendment impact estimated at ~$20 million annual pre-tax dis-synergy.
- Goodwill creation of ~$265 million; non-goodwill intangibles of ~$30 million.
- Transaction does not require Valley shareholder approval or bank regulatory approval.
Financial Impact
$340 million total deal value; ~8% EPS accretion by 2028E; ~5% TBV dilution at close; ~$50 million annual pre-tax cost savings; ~$20 million annual Durbin-related dis-synergy.
Risk Factors
- Integration risk: migrating $2.1B in deposits from Bluevine's partner bank to Valley within 180 days post-close.
- Durbin Amendment dis-synergy of ~$20 million annual pre-tax may pressure earnings.
- Pro forma CET1 of 10.3%+ is inclusive of another pending acquisition (Providence Financial), adding execution complexity.
- ~5% TBV dilution at close with ~3-year earn-back period may weigh on near-term book value metrics.
- Customer retention risk: Bluevine's digital-native SMB customers may not fully adopt Valley's broader product suite.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-403391 |
| Document: d31493dex992.htm | 0001193125-26-403391 |
| Document: d31493dex991.htm | 0001193125-26-403391 |
| Document: 0001193125-26-403391-index-headers.html | 0001193125-26-403391 |
| Document: 0001193125-26-403391-index.html | 0001193125-26-403391 |
| Document: 0001193125-26-403391.txt | 0001193125-26-403391 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $13.81 | awaiting T+20 | — | $14.05 (+1.74%) |
Oct 22, 2026 5d ago | Press Release | $13.81 | awaiting T+20 | — | $14.05 (+1.74%) |
Oct 21, 2026 6d ago | S-4 | $13.02 | awaiting T+20 | — | $14.05 (+7.91%) |
Sep 28, 2026 29d ago | 8-K | $12.78 $14.05 | ▲ +9.94% | ▲ +9.97% | $14.05 (+9.94%) |
Sep 28, 2026 29d ago | Press Release | $12.78 $14.05 | ▲ +9.94% | ▲ +9.97% | $14.05 (+9.94%) |
Aug 25, 2026 9w ago | 425 / 8-K | $14.10 $12.87 | ▼ −8.72% | ▼ −9.70% | $14.05 (−0.35%) |
Jul 23, 2026 13w ago | 8-K | $14.45 $14.12 | ▼ −2.28% | ▼ −5.59% | $14.05 (−2.77%) |
Apr 23, 2026 26w ago | Press Release | $13.77 $13.36 | ▼ −2.98% | ▼ −7.61% | $14.05 (+2.03%) |
Apr 7, 2026 29w ago | Press Release | $12.96 $13.65 | ▲ +5.32% | ▼ −3.22% | $14.05 (+8.41%) |
Feb 25, 2026 34w ago | 8-K/A | $13.37 $12.19 | ▼ −8.83% | ▼ −2.41% | $14.05 (+5.09%) |
US Market Status
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