The EPS beat and margin expansion are positive, but rising charge-offs and non-accrual loans warrant close monitoring of credit quality in upcoming quarters. The pending acquisitions add execution risk and potential dilution. Watch the investor call for guidance on credit trends and deal timeline.
Price Chart
Executive Summary
Valley National Bancorp reported Q3 2026 EPS of $0.36, beating the $0.33 consensus by 8.7%, on record quarterly net income of $206.3M. Net interest margin expanded 8 bps QoQ to 3.28%, and the efficiency ratio improved to 49.38% from 52.11%. However, net charge-offs rose to $37.1M from $22.0M in Q2, and non-accrual loans increased to 0.96% of total loans from 0.88%, signaling credit quality deterioration that tempers the headline beat.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $0.36 vs consensus $0.33 (8.7% beat)
- Net income of $206.3M, up from $170.9M in Q2 2026 and $163.4M in Q3 2025
- Net interest margin (FTE) expanded 8 bps QoQ to 3.28%
- Efficiency ratio improved to 49.38% from 52.11% in Q2 2026
- Net charge-offs increased to $37.1M from $22.0M in Q2 2026
- Non-accrual loans rose to $511.4M (0.96% of loans) from $462.6M (0.88%)
- Total deposits grew $1.1B QoQ to $55.2B
- Total loans increased $722.7M QoQ to $53.2B (5.5% annualized)
- Company repurchased 2.5M shares at avg $13.86 during Q3
- Pending acquisitions of Providence Financial and Bluevine expected to close in early 2027
Financial Impact
EPS beat of $0.03 vs consensus on record quarterly net income; credit costs rising with net charge-offs up 68% QoQ
Risk Factors
- Rising net charge-offs ($37.1M vs $22.0M QoQ) and non-accrual loans (0.96% of loans) signal credit deterioration
- Pending acquisitions of Providence and Bluevine introduce integration risk and potential dilution
- Higher deposit costs (cost of total avg deposits 2.33% vs 2.28% QoQ) may pressure NIM if rate cuts slow
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386169 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $13.81 | awaiting T+20 | — | $14.05 (+1.74%) |
Oct 22, 2026 4d ago | Press Release | $13.81 | awaiting T+20 | — | $14.05 (+1.74%) |
Oct 21, 2026 5d ago | S-4 | $13.02 | awaiting T+20 | — | $14.05 (+7.91%) |
Sep 28, 2026 28d ago | 8-K | $12.78 $14.05 | ▲ +9.94% | ▲ +9.97% | $14.05 (+9.94%) |
Sep 28, 2026 28d ago | Press Release | $12.78 $14.05 | ▲ +9.94% | ▲ +9.97% | $14.05 (+9.94%) |
Aug 25, 2026 8w 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 28w 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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