What is Valley National Bancorp's latest dividend and current dividend yield?

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What were the key takeaways from Valley National Bancorp's earnings call?

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- **Q3 Earnings Beat**: $163 million net income, 11% ROTCE, 15% YoY revenue growth.
- **NIM Expansion**: 3.1% NIM, targeting 3.1-3.3% in Q4.
- **Strategic Growth**: $3.3 billion C&I/CRE pipeline, 4-6% 2026 loan growth target.
- **Capital Efficiency**: 11% CET1, 15% ROTCE target by late 2027.

**【CEO Summary Section】**
- **Q3 2025 Financial Highlights**: Net income of $163 million, 15% YoY revenue growth, and 11% ROTCE (Return on Tangible Common Equity). 
- **Strategic Talent Expansion**: Introduced Gino Martocci (Commercial Banking) and Patrick Smith (Consumer Banking) to accelerate growth in C&I and SMB segments.
- **Deposit Growth Momentum**: Core deposits up $1 billion Q3, 33% annualized, driven by commercial clients.

**【CFO Financial Commentary】**
- **Net Interest Income**: 3% QoQ growth, NIM (Net Interest Margin) expanded to 3.1%.
- **Noninterest Income**: 15% YoY growth, driven by treasury management and fee-based services.
- **Expense Control**: 5% YoY decline in operating expenses, targeting flat to modestly higher Q4.
- **Capital Allocation**: $12 million in buybacks, CET1 ratio at 11%, CET1 return target of 15% by late 2027.

**【Q&A Key Highlights】**
- **Deposit Cost Management**: Spot deposit beta of 21%, Q4 2025 NIM guidance of 3.1-3.3%.
- **C&I Growth Strategy**: $3.3 billion pipeline (50% C&I, 50% CRE), targeting 4-6% loan growth in 2026.
- **CRE Risk Mitigation**: 337% CRE-to-loan ratio, aiming to reduce to 300% by 2027.
- **M&A Focus**: Prioritizing organic growth, with flexibility to deploy excess capital at <1x TBV.


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