FKnol.com

Financial Knowledge & Information Portal

Valley National Bancorp (VLY) Company Profile

Updated Sep 9, 2019
Valley National Bancorp has the following business profile:
Company's Full Name:Valley National Bancorp
Short Name:Valley National Bancorp
Trading Ticker Symbol:VLY
Primary Exchange:NYSE
Headquarter City/Country:New Jersey, NJ
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Valley National Bancorp

The following details were available for trading and market data about the stock of Valley National Bancorp as of writing:
Current Share Price:$10.73
Previous Year's Closing Price:$8.88
Percentage Price Change (YTD):20.83%
Market Cap:$3.56 billion
52-week Price Range:$8.42 - $12.25
Dividend Per Share:$0.44
EPS (TTM):0.97
Price-Earnings (Trailing):11.06
Price-Earnings (Forward):10.62

Company Profile and Business Description for Valley National Bancorp

Valley National Bancorp, incorporated in 1983, is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company's segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment primarily includes residential mortgages, home equity loans and automobile loans. The Commercial Lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment includes the Company's investments in various types of securities. As of December 31, 2016, the Bank had 209 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.

The Bank provides a range of banking services, including automated teller machines, telephone and Internet banking, remote deposit capture, overdraft facilities, drive-in and night deposit services, and safe deposit facilities. The Bank also provides certain international banking services to customers, including standby letters of credit, documentary letters of credit and related products, and certain ancillary services, such as foreign exchange, documentary collections, foreign wire transfers and the maintenance of foreign bank accounts are available products and services, as well as transaction accounts for non-resident aliens. The Bank's subsidiaries include an insurance agency offering property and casualty, life and health insurance; an asset management advisor that is a registered investment advisor with Securities and Exchange Commission (SEC); title insurance agencies in New Jersey, New York and Florida; subsidiaries that hold, maintain and manage investment assets for the Bank; a subsidiary that owns and services auto loans; a subsidiary that specializes in healthcare equipment lending and other commercial equipment leases, and a subsidiary that owns and services New York commercial loans.

Commercial Lending Segment

The Commercial Lending segment includes commercial and industrial loans, and commercial real estate loans. The Company makes commercial loans to small and middle market businesses generally located in the New Jersey and New York area, as well as Florida. Its commercial loan products include term loans for equipment purchases, working capital lines of credit that assist its customers' financing of accounts receivable and inventory, and commercial mortgages for owner occupied properties. The Company, through its leasing subsidiary, Highland Capital Corp., provides financing to the medical equipment leasing market. The Company also offers taxi medallion loans. The Company originates commercial real estate loans that are primarily secured by multi-unit residential property, and non-owner occupied commercial, industrial and retail property within New Jersey, New York, Pennsylvania and Florida. As of December 31, 2016, the Company's commercial and industrial loans totaled approximately $2.6 billion. As of December 31, 2016, its commercial real estate loans and construction loans totaled $9.5 billion.

Consumer Lending Segment

The Company offers a range of residential mortgage loans for the purpose of purchasing or refinancing one- to four-family residential properties. The Bank is also a servicer of residential mortgage portfolios. Its other consumer loan portfolio includes direct and indirect automobile loans, home equity loans and lines of credit, loans secured by the cash surrender value of life insurance, and secured and unsecured other consumer loans, including credit card loans. The Company is an auto lender in New Jersey, New York, Pennsylvania, Connecticut, Delaware and Florida, offering indirect auto loans secured by either new or used automobiles. Its Wealth Management Division provides coordinated and integrated delivery of asset management advisory, trust, general insurance, title insurance and trust services. Its trust services include living and testamentary trusts, investment management, custodial and escrow services, and estate administration, primarily to individuals. Its asset management advisory services include investment services for individuals and small to medium sized businesses, trusts and custom tailored investment strategies designed for various types of retirement plans. As of December 31, 2016, the Company's residential mortgage loans totaled approximately $2.9 billion. As of December 31, 2016, its other consumer loans totaled $2.2 billion.

Investment Management Segment

The Company's investment management segment includes investments in various types of securities. As of December 31, 2016, the Company's total investment securities and interest bearing deposits with banks were $3.2 billion and $171.7 million, respectively.

1455 Valley RD

Peer / Competitor Companies of Major Banks Sector

Along with Valley National Bancorp, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile  and Dividend History.

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile  and Dividend History.

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRVP): ....See Detailed Company Profile  and Dividend History.

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANFP): ....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Major Banks Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Sector

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Banks Sector

▶ Stocks of Business Services Sector

▶ Stocks of Commercial Banks Sector

▶ Stocks of Commercial Leasing Sector

▶ Stocks of Commercial REITs - NEC Sector

▶ Stocks of Consumer Finance Services Sector

▶ Stocks of Consumer Lending - NEC Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Diversified Financial Services Sector

▶ Stocks of Finance Companies Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Insurance Sector

▶ Stocks of Investment Bankers and Brokers Sector

▶ Stocks of Investment Funds Sector

▶ Stocks of Investment Managers Sector

▶ Stocks of Investors Services Sector

▶ Stocks of Life Insurance Sector

▶ Stocks of Major Banks Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Mortgage REITs Sector

▶ Stocks of Multiline Insurance and Brokers-NEC Sector

▶ Stocks of Office REITs Sector

▶ Stocks of Private Equity Sector

▶ Stocks of Property and Casualty Insurance-NEC Sector

▶ Stocks of Property Insurance Sector

▶ Stocks of Property-Casualty Insurers Sector

▶ Stocks of Real Estate Sector

▶ Stocks of REITs Sector

▶ Stocks of Savings Institutions Sector

▶ Stocks of Specialized REITs - NEC Sector

▶ Stocks of Specialty Insurers Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector