Valley National Bancorp · NASDAQ:VLY

Valley National Bancorp — Investor Presentation (November 2015)

19 slides from Valley National Bancorp's investor presentation, Nov 10, 2015

  1. Slide 1: Investor Presentation

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Investor Presentation EXHIBIT 99.1

  2. Slide 2: Forward Looking Statements

    © 2015 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

  3. Slide 3: Overview of Valley National Bancorp

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp • Traded on the New York Stock Exchange (NYSE: VLY) • Regional Bank Holding Company • Headquartered in Wayne, New Jersey • Founded in 1927 • 2,846 Total Employees(1) Financial Highlights

  4. Slide 4: Our Approach

    © 2015 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 •

  5. Slide 5: Strategic Vision

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. • Maintain a commercial banking franchise with a diversified balance sheet • Focus on expanding current geographic footprint • 3 of the best markets on East Coast • Initial entrée (end of year 2014) into Florida

  6. Slide 6: New Jersey & New York Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp 193 Branches New Jersey & New York Franchise NJ 67% NY 21% Loans NJ 65% NY 24% Deposits 6 16 Counties Demographic Overview NJ Core Market(1) New York City(2) Long Island U.S.A. Avg. Pop.

  7. Slide 7: Pro Forma Florida Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Pro Forma Florida Franchise(1) FL 14% Loans FL 17% Deposits 7 36 Branches 14 Counties NY/NJ 87% NY/NJ 90% Demographic Overview Central Tampa(2) Central Orlando(3) Southeast(4) Florida Avg

  8. Slide 8: Valley's 3Q 2015 Highlights

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 2.0% 0.9% 0.50% 1.00% 1.50% 2.00% Valley’s 3Q 2015 Highlights 3Q Highlights Year Over Year Loan Growth(1) • Net income of $36.0 million or $0.15 per diluted common share • Announced Branch Efficiency & Cost Redu

  9. Slide 9: Expected Impact of Branch Efficiency Plan

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Expected Impact of Branch Efficiency Plan Cost Reduction Plan to Yield Added Efficiencies • Branch Efficiency Plan is anticipated to reduce annual operating expense by $4.5 million in 201

  10. Slide 10: Prudently Managing Our Funding Sources

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Prudently Managing Our Funding Sources Prepayment Replacement Borrowings ~$795 million Duration (months) ~24 ~12 Average Fixed Cost 3.78% 0.56% Annual Interest Expense $30.1 million $4.5

  11. Slide 11: Overview of Credit Trends

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Overview of Credit Trends 2003 – 2015 Average Net Charge-offs to Loans by Category 0.07% 0.47% 0.26% 0.06% 0.08% 0.42% 0.20% 0.34% 0.62% 1.69% 0.41% 0.47% 1.27% 0.57% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.

  12. Slide 12: PCI Fair Value Adjustment & ALLL; Capital Highlights

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp PCI Fair Value Adjustment & ALLL* PCI FVA & ALLL as Percent of Total Loans 1 0 4. 6 1 0 4 .3 1 0 4 .6 1 0 4 .9 1 0 6 .7 6 7 .6 1 0 5 .9 1 0 0 .0 9 1 .5 8 7 .3 50 60 70 80 90 100 110 120 9

  13. Slide 13: Appendix

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Appendix

  14. Slide 14: Strong Addition to Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Strong Addition to Franchise Financial Highlights 9/30/2015 Assets $1.3 Billion Loans $858 Million Deposits $1.1 Billion Tangible Common Equity $131 Million YTD ROAA 0.63% YTD NIM 3.27% NPAs / Total Assets 2.65%

  15. Slide 15: Asset & Loan Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Asset & Loan Composition Non-Covered Loans 76% Securities 12% Covered Loans 1% (2) Cash 1% Intangible Assets 3% Other Assets (1) 7% Commercial Real Estate 46% Residential Mortgages 20% Co

  16. Slide 16: Commercial Real Estate Diversified Portfolio

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Commercial Real Estate - $7.0 Billion (Includes both Covered and Non-Covered Loans) 15% 14% 13% 12% 11% 5% 4% 4% 2% 1% 19% -Average LTV based on current balances and most recent appraised value. -The total

  17. Slide 17: Retail Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Retail Property Types - $1.3 Billion 31% 25% 20% 8% 8% 4% 2% 2% -Average LTV based on current balances and most recent appraised value -The chart above excludes construction loans. -Construction compositio

  18. Slide 18: Construction Loan Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 26% 26% 16% 14% 9% 5% 3% 1% Composition Construction Loan Total Construction Loans - $497 Million -Construction loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan class

  19. Slide 19: For More Information

    © 2015 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

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