Valley Financial Q1 2026 Earnings: Loan Growth, Deposit Growth, and Net Income Highlights

Valley Financial (VLY) reported Q1 2026 earnings, with net income of $164 million, or $0.28 per diluted share. Adjusted net income was $169 million, or $0.29 per diluted share. Total loans grew by nearly $700 million, and direct customer deposits increased by over $900 million. Net interest margin remained flat, while noninterest income increased 18% YoY. Adjusted noninterest expenses were effectively flat, and the efficiency ratio improved to 53.1%. Net charge-offs declined to 14 basis points of total loans. Buybacks totaled 4 million shares for $52 million, with management expecting buyback activity to "pull back a little bit" next quarter. CET1 ratio guidance is expected to remain at the higher end of the 10.5% to 11% target range.