Valley National Bancorp (VLY) Q2 FY26 earnings call

Valley National Bancorp delivered a strong Q2 FY26, marked by robust direct customer deposit growth, particularly in noninterest-bearing balances, and diversified loan expansion in C&I and owner-occupied CRE. The company also saw significant fee income growth and improved efficiency, with its adjusted pre-provision net revenue reaching its highest level since Q4 2022. Management remains focused on leveraging technology and AI to further enhance efficiency and drive sustainable profitability, while balancing strong loan demand with capital returns.