Valley National Bancorp · NASDAQ:VLY

Valley National Bancorp — Merger or Acquisition (June 2015)

28 slides from Valley National Bancorp's merger presentation, Jun 4, 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: Additional Information and Where to Find it

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 3 Additional Information and Where to Find it This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connectio

  4. Slide 4: 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 • 2,934 Total Employees(1) Balance Sheet Items M

  5. Slide 5: 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 •

  6. Slide 6: 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 geographic footprint • 3 of the best markets on east coast • Initial entrée into Florida proved successful Strategi

  7. Slide 7: New Jersey & New York Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp 204 Branches New Jersey & New York Franchise NJ 48% NY 33% Loans NJ 65% NY 24% Deposits 7 16 Counties Demographic Overview NJ Core Market(1) New York City(2) Long Island U.S.A. Avg. Pop.

  8. Slide 8: Florida market attractiveness

    © 2015 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

  9. Slide 9: Florida Franchise: Growth Potential by Region

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp • Rudy Schupp (former CEO of 1st United) is President of Florida Division • Florida lending and credit teams successfully retained • Long-term incentive program to maintain Relationship M

  10. Slide 10: CNL: Strong Addition to Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Strong Addition to Franchise Financial Highlights 3/31/2015 Assets $1.4 Billion Loans $833 Million Deposits $1.1 Billion Tangible Common Equity $123 Million YTD ROAA 0.69% YTD NIM 3.33% TCE / TA* 9.01% NPAs / To

  11. Slide 11: Strategically Attractive Market Complements Existing Franchise

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Current Markets New Markets Valley Branches CNL Branches Strategically Attractive Market Complements Existing Franchise Pro-Forma as of 3/31/2015 Southeast Loans $1,128 MM Deposits $1,417 MM Branches 19 Central

  12. Slide 12: Financially Attractive Transaction

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Financially Attractive Transaction Consideration & Structure Structure •100% common stock consideration; 0.75 / 1 exchange ratio* Transaction Value •~$207 million** Taxable / Non Taxable •Anticipate a non-taxabl

  13. Slide 13: Pro-Forma Impact Financial Summary

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Financial Highlights* CNL 3/31/2015 VLY Florida 3/31/2015 Florida Pro-Forma 3/31/2015 Valley 3/31/2015 Pro-Forma 3/31/2015 Assets ($ Billion) $1.4 $1.8 $3.2 $19.0 $20.4 Loans ($ Billion) $0.8 $1.2 $2.1 $13.7 $14

  14. Slide 14: Likely Synergies / Enhancements

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. • Increased Lending Limit • Residential Lending • Auto Lending Lending Enhancements • Asset Management & Trust Services • Insurance Services • Customer Derivative Products Non-Interest Income • 24/7 Customer Ser

  15. Slide 15: Valley's 1Q 2015 Highlights

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. $194.2 $124.9 $114.7 $96.9 $88.8 $83.1 $73.2 $50 $100 $150 $200 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 M ill io n s Valley’s 1Q 2015 Highlights 1Q Highlights Year Over Year Loan Growth(1) • 1Q 2015 net

  16. Slide 16: Current Borrowing Maturities

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Borrowing Base – Scheduled Maturities (thousands) 2015 2016 2017 2018 Borrowings $125,000 $326,979 $805,000 $505,000 Derivatives* 100,000 200,000 100,000 - Total $225,000 $526,979 $905,00

  17. Slide 17: Asset Quality

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Asset Quality 2003 – 2015 Average Net Charge-offs 0.08% 0.50% 0.28% 0.06% 0.07% 0.44% 0.21% 0.31% 0.74% 1.55% 0.40% 0.43% 1.36% 0.60% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% CRE C&I C&D Residential Home Equity Consu

  18. Slide 18: Strong Capital Profile

    © 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 9 .3 1 0 5. 6 1 0 4 .6 1 0 4 .3 1 0 4 .6 8 0 .7 7 4 .2 6 7 .6 1 0 5 .9 1 0 0 .0 50 60 70 80 90 100 110 120 3

  19. Slide 19: Appendix

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

  20. Slide 20: Asset & Loan Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Asset & Loan Composition Non-Covered Loans 71% Securities 14% Covered Loans <1% (2) Cash 4% Intangible Assets 3% Other Assets (1) 7% Commercial Real Estate 45% Residential Mortgages 19% C

  21. Slide 21: Commercial Real Estate Diversified Portfolio

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Commercial Real Estate - $6.3 Billion (Includes both Covered and Non-Covered Loans) 13% 13% 13% 12% 11% 5% 5% 4% 2% 2% 20% -Average LTV based on current balances and most recent appraised value. - LTV calc

  22. Slide 22: Retail Composition: Commercial Real Estate

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Total Retail Property Types - $1.27 Billion 31% 23% 20% 9% 9% 4% 3% 1% -Average LTV based on current balances and most recent appraised value -The chart above excludes construction loans. -LTV calculation exclud

  23. Slide 23: Construction Loan Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 34% 26% 12% 10% 8% 4% 3% 2% 1% Composition Construction Loan Total Construction Loans - $462 Million -Construction loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan cl

  24. Slide 24: Pro-Forma Acquisition Complementary Loan Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Commercial Real Estate 54% Commercial & Industrial 15% Residential Mortgage 12% Other Consumer 6% Construction 13% CNL Pro-Forma Acquisition Complementary Loan Composition Commercial Real Estate 45% Commercial &

  25. Slide 25: Pro-Forma Acquisition Attractive Funding Composition

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Pro-Forma Acquisition Attractive Funding Composition Non-Interest Bearing Deposits 26% NOW, MMDA and Savings 42% Time Deposits 16% Borrowings 16% Valley Non-Interest Bearing Deposits 36% NOW, MMDA and Savings 45

  26. Slide 26: Non-GAAP Disclosure Reconciliations

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Non-GAAP Disclosure Reconciliations 26 3/31/2015 ($ in Thousands) VLY 3/31/2015 CNL 3/31/2015 Pro-Forma* 3/31/2015 Total Assets $18,980,010 $1,365,101 $20,425,782 Less: Goodwill & Other Intangible Assets (612,55

  27. Slide 27: 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

  28. Slide 28: Opportunity Lender. All Rights Reserved.

    © 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 28

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