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Valley National Bancorp Cuts CRE Exposure Amid $380M Net Income Drop

VLY10-KFiling Date: 2/28/2025
Valley National Bancorp
Description

What this story covers

Valley National Bancorp's 2024 10-K shows $380.3M net income, down 23.7% from credit provisions and margin pressure. Assets grew to $62.5B, with CRE sales reducing concentration. Deposits rose 1.7% to $50.1B, capital strengthened. Focus on diversification, liquidity, and fee growth amid economic risks.

Story snapshot

CompanyValley National Bancorp
TickerVLY
VariantStandard detailed
Duration13:21
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0000714310-25-000068

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