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Valley National Bank

Passaic, NJ · Cert 9396 · Valley National Bcorp

National charter · OCC · 228 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=15). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

38

Q2 2024Q2 2026peer median (50)

Asset Quality

33

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

23

Q2 2024Q2 2026peer median

Efficiency

67

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Valley National Bank

Passaic, NJ · Cert 9396 · Valley National Bcorp

National charter · OCC · 228 branches

Q2 2026

$66.2BAssets
$52.5BLoans
$54.3BDeposits
$8.4BEquity
Loan mix
76%RE $36.3B17%C&I $8.2B7%Consumer $3.2BQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $41.6B24%Noninterest $12.8BQ3 2024Q2 2026

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 1.4% share · #10 of 151 inst. · $40.0B of $2921.1B

57.3% Passaic
0.3% New York
7.3% Bergen
5.8% Hillsborough

Executive Summary

  • Earnings: ROA of 1.08%, up 25 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.91% of loans (+19 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 10.25%, down 1 bps from a year ago.
  • Funding: loans stand at 96.57% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.08%+25 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+17 bps YoY

Efficiency Ratio (YTD, annualized)

54.06%-27 bps YoY

Tier 1 Leverage Ratio

10.25%-1 bps YoY

NIM

5.39%Q2 ’245.11%Q2 ’254.97%Q2 ’26+6%+6%

Non-interest income vs. expense

1.80%Q2 ’241.77%Q2 ’251.88%Q2 ’26-3%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.59%0.74%0.82%0.90%0.99%1.06%1.08%+25 bps
Return on Equity5.23%4.92%5.79%6.42%7.04%7.71%8.28%8.45%+203 bps
Net Interest Margin2.66%2.66%2.80%2.81%2.81%2.85%2.99%2.98%+17 bps
Efficiency Ratio56.87%56.48%54.61%54.33%53.83%53.71%55.00%54.06%-27 bps
Non-Interest Burden1.42%1.42%1.43%1.42%1.39%1.40%1.50%1.46%+4 bps
Growth
Asset Growth (YoY)1.48%2.47%1.36%0.97%1.40%2.59%4.16%5.71%+474 bps
Loan Growth (YoY)0.13%-2.82%-2.60%-1.81%-1.81%2.74%4.42%6.18%+800 bps
Deposit Growth (YoY)1.22%1.86%1.79%0.92%1.27%3.88%5.54%6.99%+608 bps
Asset Quality
Nonperforming Loans / Loans0.60%0.75%0.73%0.72%0.87%0.87%0.87%0.91%+19 bps
Net Charge-Offs / Loans0.27%0.41%0.34%0.32%0.26%0.23%0.14%0.15%-17 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.24%9.91%10.31%10.26%10.14%10.27%10.23%10.25%-1 bps
Total Risk-Based Capital12.32%13.53%13.74%13.58%13.57%13.54%13.49%13.34%-24 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits99.05%96.96%97.03%97.31%96.05%95.90%96.00%96.57%-73 bps
Liquid Assets / Assets5.76%5.66%5.74%5.64%5.63%5.46%5.62%5.67%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Valley National Bank

Passaic, NJ · Cert 9396 · Peer group: banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (n=15) · Valley National Bcorp

National charter · OCC · 228 branches

Q2 2026

$66.2BAssets
$52.5BLoans
$54.3BDeposits
$8.4BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 80% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 3 of 15).
  • Widest gap: tier 1 capital ratio trails 87% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 13 of 15).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.06%

Rank 6 of 15

Net Interest Margin

2.98%

Rank 5 of 15

Efficiency Ratio

55.24%

Rank 6 of 15

Equity / Assets

12.66%

Rank 3 of 15

Non-interest income vs. expense

$0.3B$1.2BINCOMEEXPENSE
Unfavorable gap of $1.0B · efficiency ratio beats 67% of banks over $10B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 55.24%Peer median 55.4%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.06%0.74%0.98%1.14%Beats 60%6 / 15
Return on Equity8.33%5.21%8.81%10.53%Beats 40%9 / 15
Net Interest Margin2.98%1.76%2.56%3.09%Beats 67%5 / 15
Efficiency Ratio55.24%49.33%55.36%65.80%Beats 67%6 / 15
Asset Quality
Nonperforming Loans / Loans0.91%0.39%0.66%0.92%Beats 33%11 / 15
Net Charge-Offs / Loans0.09%0.01%0.03%0.10%Beats 33%11 / 15
Capital
Tier 1 Capital Ratio12.28%12.31%14.32%17.39%Beats 13%13 / 15
Total Risk-Based Capital Ratio13.34%13.34%14.76%19.29%Beats 20%12 / 15
Equity / Assets12.66%8.06%10.22%12.59%Beats 80%3 / 15
Liquidity & Funding
Loans / Deposits96.57%52.62%85.61%96.57%73rd pctl4 / 15
Loans / Assets79.24%32.81%69.81%78.17%87th pctl2 / 15
Brokered Deposits / Depositsn/aNot reported for this institution