Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Investor Presentation (February 2009)
21 slides from Valley National Bancorp's investor presentation, Feb 25, 2009
Slide 1: Investor Presentation February 25, 2009
Investor Presentation February 25, 2009 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward looking statements concerning Valley’s future business outlook, financial condition and operating results. Generally, the words "will," "may," "should," "continue," "believes," "expects," "anticipates" or similar expressions identify forward looking statements. Rea
Slide 3: Overview of Valley National Bancorp
Overview of Valley National Bancorp 82 Years - Commercial Bank Management Longevity/Ownership Office of the Chairman – seven senior executives who have worked at VLY for a combined 169 years (24 years on average) Big Bank – Act Like Small Privately Owned Company Marketplace Sound Asset Quality Stron
Slide 4: Valley's 4Q 2008 Highlights
Valley’s 4Q 2008 Highlights Credit Quality Out of approximately 25,000 residential mortgages and home equity loans, only 102 loans were past due 30 days or more Net charge-offs were only $6.7 million or 0.26% of average total loans Total non-performing assets were only 0.31% of total assets Other Ev
Slide 5: Valley's Current Objectives
Valley’s Current Objectives Maintain a quality balance sheet Manage balance sheet, not be managed by balance sheet growth Continue to produce strong operating results Minimize earnings volatility
Slide 6: Credit Culture at Valley
Credit Culture at Valley Macro (Bank-wide) Focus Focus on quality over profitability Few underwriting policy exceptions Centralized underwriting and loan approval Minimal individual lender authority Micro (Loan) Focus Strong borrower moral character Borrower experience in similar type projects Low l
Slide 7: Loan Quality 2003-2008
Loan Quality 2003 - 2008 0.36% 0.11% 0.44% 0.11% 0.32% 0.05% 0.33% 0.12% 0.36% 0.14% 0.33% 0.21% 0.00% 0.50% 1.00% 1.50% 2.00% 2003 2004 2005 2006 2007 2008 Non-Performing Loans to Total Loans Net Charge-offs to Average Loans
Slide 8: Net Charge-offs to Average Loans (%)
3 Net Charge-offs to Average Loans (%) A iP 90 9% 908 HT oF aA? peO™ 409 aH ne0™ ne 0% qa6® sf Sa Goss a eae oe Valley National Bancorp
Slide 9: Net Charge-offs to Average Loans vs. Peer Group
0.12% 0.34% 0.40% 0.99% 0.00% 0.21% 0.00% 0.54% 0.24% 0.49% 0.02% 0.11% 0.01% 0.17% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% Net Charge-offs to Average Loans (%) Total Loans Consumer Home Equity Construction & Development Commercial Loans Commercial Real Estate 1-4 Family Peer Group 0.26% 1.60% 1.2
Slide 10: 30 Day + Delinquency Trend
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Residential Mortgages Home Equity Commercial Mortgages Commercial Loans* 30 Day + Delinquency Trend * Excludes SBA Loans
Slide 11: Residential Mtg. Customer Profile
Residential Mtg. Customer Profile Current FICO Score 44% Current Mark to Market Loan to Value 59% Original Loan to Value Residential Customer ¹ Valley customer profile reflects a portfolio review conducted by an independent rd party in September 2008 of Valley’s Fannie Mae eligible conforming loans.
Slide 12: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) he 05 o \ eo) Yo st 3B 9d A iP? 20 9 08 AT oAF aA? peO™ 409 pa ne0™ ne 0% gaK® erGoogeoger™ = —_ Valley National Bancorp
Slide 13: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) 5 oF a 08 a o6'T a9® oP aH yaO* 097 p06 gah 09% gaK® & “Go Secor Valley National Bancorp Le) ~~ ~*~
Slide 14: Total Commercial Real Estate - $3,666MM
Total Commercial Real Estate - $3,666MM Commercial Real Estate Primary Property Type Composition * Total CRE loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan classifications reported in Valley’s SEC and bank regulatory reports. As of 12/31/08 23% 19% 12%
Slide 15: Commercial Real Estate Primary Property Type Loan to Value
52% 52% 48% 55% 43% 53% 58% 48% 59% 52% 0% 20% 40% 60% 80% 100% Commercial Real Estate Primary Property Type Loan to Value * LTV ratios do not include $1.2 billion of various construction or owner occupied commercial real estate loans, previously included in total commercial real estate balances As
Slide 16: Total Retail Property Types - $839MM
25% 23% 20% 12% 5% 6% 5% 4% Total Retail Property Types - $839MM Commercial Real Estate Retail Property Type Composition % of Retail Property Type Retail Property Type % of Retail Property Type Retail Property Type Auto Dealership Multi-Tenanted Retail – No Anchor Single Tenant Retail Multi-Tenanted
Slide 17: Total Commercial Real Estate by Location
Total Commercial Real Estate - $3,666MM Total Commercial Real Estate by Location $210MM Other States $809MM New York $2,647MM New Jersey Commercial Real Estate State * Total CRE loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan classifications reported in
Slide 18: Valley's New Jersey and Rockland County Locations
Valley’s New Jersey and Rockland County Locations Current Valley branches Branches under construction Branches under Construction Milltown, Middlesex County North Brunswick, Middlesex County Freehold, Monmouth County Montebello, Rockland County
Slide 19: Valley's New York City Locations
Valley’s New York City Locations Current Valley branches Branches under construction Branches Opened in 2009 107 Liberty Avenue, Queens 111 4 th Avenue, Manhattan Branches Under Construction 4501 13 th Avenue, Brooklyn 2054 86 th Street, Brooklyn 207 Brighton Beach Avenue, Brooklyn 2902 Avenue U, Br
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Slide 21: For More Information
For More Information Log onto our web site: www.valleynationalbank.com Visit our kids site: www.vnbkids.com E-mail requests to: dgrenz@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valley Road Wayne, New Jersey 07470 Attn: Dianne M. Grenz, F
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