Valley’s shares rose 6.1% after earnings, with management pointing to results that put the bank on track to finish 2026 at the high end of its original guidance ranges. The longer-term case also rests on a stronger balance sheet and planned acquisitions expected to add low-cost deposits, though those deals remain pending.
- At September 30, 2026, CET1 was 10.7% of risk-weighted assets and the loan-to-deposit ratio was 96%; CRE concentration had fallen more than 160 percentage points from its fourth-quarter 2023 peak.
- Management said it expects to finish 2026 at the high end of the guidance ranges provided at the start of the year; the available transcript does not give the specific ranges or quarterly earnings figures.
- Providence and Bluevine, both pending acquisitions, are expected to add more than $3.5 billion of low-cost core deposits. Bluevine is expected to bring about 185,000 active small-business customers and more than $2 billion in low-cost core deposits.
- Valley’s longer-term targets include a 90% loan-to-deposit ratio, CRE concentration well below 300%, a mid-40% efficiency ratio, and returns on tangible common equity in the high teens. These are aspirations, not current results.
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