Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Investor Presentation (November 2014)
18 slides from Valley National Bancorp's investor presentation, Nov 12, 2014
Slide 1: Investor Presentation
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Investor Presentation EXHIBIT 99.1
Slide 2: Forward Looking Statements
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 2 Forward Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include exp
Slide 3: Valley National Bancorp: Our Approach
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp • Focus on credit quality • Measured growth strategies • Never had a losing quarter • Heavily populated footprint • Strong customer service • Experienced senior and executive management •
Slide 4: Valley's Franchise: New Jersey & New York
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley’s Franchise 204 Branches New Jersey & New York NJ 72% NY 19% Loans NJ 68% NY 21% Deposits 4 16 Counties Demographic Overview (2013) NJ Core Market(1) New York City(2) Long Island U.S.A. Avg. Pop. per Sq.
Slide 5: Valley's Franchise: Florida (1st United)
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. • Business Friendly – #1 tax climate for businesses in the Southeast U.S. • Zero personal income tax • 5.5% Corporate Business Tax Rate – Pro-business Governor and legislative agenda – Competitive cost of doing
Slide 6: Low Execution Risk
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Low Execution Risk • Rudy Schupp (CEO) to lead VLY’s Florida Operation • Warren Orlando (Chairman) & John Marino (President & CFO) will be prominent in leading the integration and client retention effort • Non-c
Slide 7: Valley's 3Q 2014 Highlights
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. $194.2 $124.9 $114.6 $96.9 $88.8 $50 $100 $150 $200 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Th o u sa n d s Valley’s 3Q 2014 Highlights 3Q Highlights Year to Date Loan Growth* • 3Q 2014 net income of $27.7 million or
Slide 8: Funding Base – Scheduled Maturities
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Funding Base – Scheduled Maturities (thousands) 2015 2016 2017 Certificate of Deposits $261,909 $134,555 $243,511 Borrowings 400,000 326,979 805,000 Derivatives* 100,000 200,000 100,000 T
Slide 9: Pro-Forma Impact: Loan Composition
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Pro-Forma Impact Loan Composition Commercial Real Estate 44% 1-4 Family 20% Commercial & Industrial 17% Auto 9% Other Consumer 6% Construction 4% Valley Commercial Real Estate 62% 1-4 Family 11% Commercial & Ind
Slide 10: Asset & Loan Composition
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Asset & Loan Composition Non-Covered Loans 72% Securities 16% Covered Loans <1% <2> Cash 2% Intangible Assets 3% Other Assets <1> 7% Commercial Real Estate 43.5% Residential Mortgages 21%
Slide 11: Asset Quality
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Asset Quality 2003 – 2014 Average Net Charge-offs 0.07% 0.49% 0.21% 0.06% 0.06% 0.46% 0.21% 0.32% 0.77% 1.67% 0.40% 0.43% 1.42% 0.63% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% CRE C&I C&D Residential Home Equity Consu
Slide 12: Total Commercial Real Estate - $5.3 Billion
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Commercial Real Estate - $5.3 Billion (Includes both Covered and Non-Covered Loans) Primary Property Type $ Amount (Millions) % of Total Avg LTV 2010 Avg LTV Apartments 1,499 28% 33% 51% Retail 1,221 23% 5
Slide 13: Total Retail Property Types - $1.2 Billion
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Retail Property Types - $1.2 Billion 28% 22% 23% 9% 7% 3% 3% 3% 2% Retail Property Type % of Total Avg LTV 2010 Avg LTV Multi-Tenanted - Anchor 28% 54% 49% Multi-Tenanted – No Anchor 22% 54% 55% Single Ten
Slide 14: Construction Loan Composition
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 32% 23% 11% 12% 9% 9% 2% 2% Primary Property Type $ Amount (Millions) % of Total 2010 % of Total Residential 137 32% 47% Apartments 98 23% 4% Retail 47 11% 9% Land Loans 53 12% 13% Mixed Use 38 9% 13% Other 37 9
Slide 15: Pro-Forma Impact: Deposit Composition
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Pro-Forma Impact Deposit Composition Non-Interest Bearing Deposits 30% Savings, NOW and Money Market 51% Time Deposits 19% Valley Non-Interest Bearing Deposits 39% Savings, NOW and Money Market 42% Time Deposits
Slide 16: Shareholder Returns
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Shareholder Returns (1) All per share amounts have been adjusted retroactively for stock splits and stock dividends during the periods presented. Data for the years prior to 2001 in the table above exclude certa
Slide 17: For More Information
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. For More Information Log onto our web site: www.valleynationalbank.com E-mail requests to: tscortes@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valley
Slide 18: Opportunity Lender. All Rights Reserved.
© 2014 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 18
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