Valley National Bancorp $(VLY)$, the holding company for Valley National Bank, reported its second quarter 2025 financial results, showcasing a net income of $133.2 million, or $0.22 per diluted common share. This marks an increase from the first quarter 2025 net income of $106.1 million, or $0.18 per diluted common share, and a notable rise from the $70.4 million, or $0.13 per diluted common share, recorded in the second quarter of 2024. The company's net interest income on a tax equivalent basis rose to $433.7 million for the second quarter 2025, up by $12.3 million from the first quarter 2025 and an increase of $30.7 million compared to the same period in 2024. This growth was primarily driven by higher yields on new loan originations, increases in average loans and taxable investments, and the benefit of one additional day in the quarter. Valley National Bancorp's net interest margin also improved, increasing by 5 basis points to 3.01 percent in the second quarter 2025, compared to 2.96 percent in the first quarter 2025. Performance ratios for the quarter included an annualized return on average assets (ROA) of 0.86 percent, shareholders' equity $(ROE)$ of 7.08 percent, and tangible ROE of 9.62 percent. Adjusted for non-core income and charges, these ratios were slightly higher. The company did not provide specific outlook or guidance for future periods within the released results.
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