Company data sheet · Valley National Bancorp
Valley National Bancorp: leaders came and went.
- Industry
- National Commercial Banks
- Ticker
- VLY (Nasdaq)
- Sources
- SEC filings (1994–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Leaders came and went. Valley National Bancorp filed 32 leadership changes since 2016, more than 90% of large financial companies (the median is 15). The day after each, its shares moved a median 0.3 points against its sector. The news was rarely news.
- Profitable every year. Valley National Bancorp made money in each of its last ten fiscal years, from $0.2 billion (2017) to $0.6 billion (2025).
Financial results
| Fiscal year | Revenue | Net income |
|---|
As reported in its annual filings. Losses in red.
Has Valley National Bancorp had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,749 | As of December 31, 2023 |
| 10-K for 2024 | 3,732 | As of December 31, 2024 |
| 10-K for 2025 | 3,675 | December 31, 2025 |
Job cuts, severance and restructuring
Valley recorded a restructuring charge consisting of severance expense related to workforce reductions, included within salary and employee benefits expense.
“Salary and employee benefits expense increased $36.9 million for the year ended December 31, 2023 as compared to 2022 primarily driven by (i) higher headcount from the Bank Leumi USA acquisition and organic growth in our operations, (ii) $10.0 million of restructuring charges, consisting of severance expense related to workforce reductions, and (iii) inflationary pressures on our overall labor costs.” 10-K for 2023
Recorded a restructuring charge for severance expense tied to workforce reductions, added back in non-GAAP adjusted net income for 2024.
“(2) Represents severance expense related to workforce reductions within salary and employee benefits expense.” 10-K for 2024
Salary and employee benefits expense fell because restructuring charges for severance from workforce reductions were lower in 2024 than in 2023.
“The decrease was mainly attributable a $7.9 million reduction in restructuring charges, consisting of severance expense related to workforce reductions, in 2024.” 10-K for 2024
Filing mentions a separation agreement with an executive, Michael Hagedorn, though it is an exhibit listing and not a workforce action.
“Separation Agreement and General Release, dated October 30, 2024, between Valley National Bank and Michael Hagedorn.+*” 10-K for 2024
Valley recorded severance expense tied to workforce reductions in 2025 and 2024.
“Severance expense related to workforce reductions totaled $5.3 million and $2.0 million for the years ended December 31, 2025 and 2024, respectively.” 10-K for 2025
Valley National Bancorp has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has Valley National Bancorp acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Bank Leumi Le-Israel Corporation“The consideration for the acquisition totaled approximately $1.2 billion, inclusive of the value of stock options.” 10-K for 2023 | acquisition | — | — |
The Westchester Bank Holding Corporation“The total consideration for the merger was $211.1 million, consisting of approximately 15.7 million shares of Valley common stock.” 10-K for 2023 | acquisition | — | The total consideration for the merger was $211.1 million, consisting of approximately 15.7 million shares of Valley common stock. |
Dudley Ventures“On October 8, 2021, Valley acquired certain subsidiaries of Arizona-based Dudley Ventures (DV), an advisory firm specializing in the investment and management of tax credits.” 10-K for 2023 | acquisition | On October 8, 2021 | — |
DV Financial Services“On November 16, 2021, Valley also acquired DV Financial Services, a registered broker-dealer regulated by FINRA, which is largely inactive.” 10-K for 2023 | acquisition | On November 16, 2021 | — |
two corporate office buildings located in Wayne, New Jersey“During the third quarter 2023, Valley completed the sale of two corporate office buildings located in Wayne, New Jersey and relocated its headquarters to a new leased location at 70 Speedwell Avenue in Morristown, New Jersey.” 10-K for 2023 | divestiture | During the third quarter 2023 | — |
commercial premium finance lending division“net cash proceeds of $98.1 million from the sale of our commercial premium finance lending division, mostly consisting of commercial and industrial loans, in the first quarter 2024; and” 10-K for 2024 | divestiture | in the first quarter 2024 | net cash proceeds of $98.1 million |
non-branch offices located in Wayne, New Jersey“Net gains on sales of assets for the year ended December 31, 2023 were mainly attributable to a $6.7 million net gain on the sale of non-branch offices located in Wayne, New Jersey in the third quarter 2023.” 10-K for 2024 | divestiture | in the third quarter 2023 | a $6.7 million net gain on the sale of non-branch offices located in Wayne, New Jersey in the third quarter 2023 |
commercial premium finance lending business“In February 2024, Valley completed the sale of its commercial premium finance lending business for $ 96.8 million.” 10-K for 2025 | divestiture | February 2024 | $ 96.8 million |
Oritani“Other Non-Qualified Plan Valley assumed, in the Oritani acquisition on December 1, 2019, certain obligations under non-qualified retirement plans, including a SERP for the former Chief Executive Officer of Oritani.” 10-K for 2025 | acquisition | December 1, 2019 | — |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | — | $4.3 million |
| 2018-12-31 | — | $394 million |
| 2019-12-31 | — | $289 million |
| 2020-12-31 | — | $8.8 million |
| 2021-12-31 | — | $76.6 million |
| 2022-12-31 | $0 | $409.9 million |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $98.1 million | — |
| 2025-12-31 | $0 | — |
Deal filings since 2016
- 2026-05-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Layoffs, acquisitions, competitors and subsidiaries are read from Valley National Bancorp’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-02-27.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 49 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (36 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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