Valley National Bancorp · NASDAQ:VLY

Valley National Bancorp — Investor Presentation (February 2016)

20 slides from Valley National Bancorp's investor presentation, Feb 10, 2016

  1. Slide 1: Investor Presentation

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Investor Presentation EXHIBIT 99.1

  2. Slide 2: Forward Looking Statements

    © 2016 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

    © 2016 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 • 2,929 Total Employees(1) Financial Highlights

  4. Slide 4: Our Approach

    © 2016 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

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Strategic Vision 5 Valley in 2020 NJ NY FL Overview  Maintain a commercial banking franchise with a diversified balance sheet  Focus on expanding current geographic footprint  Operate in three (3) of the best

  6. Slide 6: New Jersey & New York Franchise

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp 191 Branches New Jersey & New York Franchise NJ 67% NY 21% Loans NJ 65% NY 24% Deposits 6 16 Counties Core Demographic Overview NJ Core Market(1) New York City(2) Long Island U.S.A. Avg.

  7. Slide 7: Florida Franchise

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Florida Franchise FL 14% Loans FL 17% Deposits 7 36 Branches 14 Counties NY/NJ 86% NY/NJ 83% Core Demographic Overview Central Tampa(1) Central Orlando(2) Southeast(3) Florida Avg. Pop. /

  8. Slide 8: Valley's 4Q 2015 Highlights

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 1.22% 0.36% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% Valley’s 4Q 2015 Highlights 4Q Highlights Year Over Year Loan Growth(1) • Completed the acquisition of CNLBank on December 1, 2015 • Closed an additional 6 branche

  9. Slide 9: Expected Impact of Branch Efficiency Plan

    © 2016 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 • Anticipated to reduce annual operating expense by $4.5 million in 2016 increasing to $10 millio

  10. Slide 10: Prudently Managing Our Funding Sources

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Prudently Managing Our Funding Sources Prepayment Replacement Borrowings ~$845 million Duration (months) ~24 ~12 Average Fixed Cost 3.72% 0.56% Annual Interest Expense $31.4 million $4.7

  11. Slide 11: Overview of Credit Trends 2003 – 2015

    © 2016 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% 0.46% 0.26% 0.06% 0.08% 0.42% 0.20% 0.34% 0.62% 1.69% 0.41% 0.47% 1.26% 0.57% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.

  12. Slide 12: PCI Fair Value Adjustment & ACL; Strong Capital Profile

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp PCI Fair Value Adjustment & ACL* PCI FVA & ACL as Percent of Total Loans 1 0 4. 3 1 0 4 .6 1 0 4 .9 1 0 6 .7 1 0 8 .4 1 0 5 .9 1 0 0 .0 9 1 .5 8 7 .3 1 1 7 .0 50 60 70 80 90 100 110 120 1

  13. Slide 13: Appendix

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Appendix

  14. Slide 14: Strong Addition to Franchise

    © 2016 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

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Loans, 74% Securities, 14% Cash, 2% Intangible Assets, 3% Total Other Assets, 7% Total Assets Valley National Bancorp Asset & Loan Composition Commercial Real Estate, 46% Residential Mortgages, 20% Commercial Lo

  16. Slide 16: Commercial Real Estate Diversified Portfolio

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Commercial Real Estate - $7.0 Billion 14% 14% 13% 13% 11% 5% 4% 3% 2% 1% 20% -Average LTV based on current balances and most recent appraised value. -The total CRE loan balance is based on Valley’s interna

  17. Slide 17: Retail Composition Commercial Real Estate

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Retail Property Types - $1.4 Billion 32% 25% 20% 8% 7% 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

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 25% 24% 19% 18% 8% 4% 1% 1% Composition Construction Loan Total Construction Loans - $567 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

    © 2016 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

  20. Slide 20: Opportunity Lender. All Rights Reserved.

    © 2016 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 20

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