Valley National Bancorp（VLY）のニュースとイベントVLYValley National Bancorp

Valley National Becomes Official Partner of Rutgers Athletics

Valley National has entered into a three-year agreement to be an Official Partner of Rutgers Athletics. The partnership was secured by Scarlet Knight Enterprises. Through this agreement, Valley will have prominent signage and visibility at all Rutgers football and men's basketball home games, including a videoboard feature that will spotlight a local small business. The partnership kicks off at the first home football game on September 3rd when Rutgers hosts the University of Massachusetts.

Valley National Bank Expands Consumer Banking Leadership Team

Valley National Bank announced the expansion of its consumer banking leadership team with the appointments of Larricia Lumpkins as First Senior Vice President, Head of Sales & Service, and Peter Illian as First Senior Vice President, Head of Product & Pricing. As Head of Sales & Service, Lumpkins will focus on enhancing efficiency, improving performance consistency, and strengthening accountability across the sales and service organization. She will oversee key functions including retail sales training and retail operations, with a mandate to empower frontline teams to better serve customers and drive results. Most recently, she was the Sales Strategy and Performance Director at Citizens bank, leading enterprise sales, service enablement, and design, supporting more than 5,000 frontline colleagues across multiple business lines. Illian will lead the development and execution of Valley's consumer product strategy and pricing framework, overseeing product lifecycle management, innovation initiatives, and pricing strategies designed to drive profitability, competitiveness, and customer satisfaction. Most recently, he served as Senior Vice President, Deposits at Discover Financial Services.

Company Reports Q1 Revenue of $540.36M

Reports Q1 revenue $540.36M, consensus $533.2M. Reports Q1 tangible book value per share $9.94. Reports Q1 CET1 capital ratio 10.91%. Reports Q1 net charge-offs .14%. Ira Robbins, CEO, commented, "We continue to execute on our strategic priorities by growing low-cost core deposits and further diversifying our loan portfolio. These efforts have strengthened our balance sheet metrics and enhanced the sustainability of our earnings and profitability. Through targeted hiring efforts of strategically focused bankers, we are positioned to build on the momentum that we have established in recent years."