Valley National Bancorp · NASDAQ:VLY

Valley National Bancorp — Investor Presentation (September 2013)

23 slides from Valley National Bancorp's investor presentation, Sep 10, 2013

  1. Slide 1: Investor Presentation

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Investor Presentation EXHIBIT 99.1

  2. Slide 2: Forward-looking statements

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 2 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 expressions about management’s

  3. Slide 3: as TE

    as TE

  4. Slide 4: Large Regional Bank that Operates and Feels Like a Small Closely Held Company

    Large Regional Bank that Operates and Feels Like a Small Closely Held Company

  5. Slide 5: Our Approach

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 3 Valley National Bank • Focus on Credit Quality • Conservative Growth Strategies • Never Had a Losing Quarter • Affluent and Heavily Populated Footprint • Strong Customer Service • Experienced Senior and Execut

  6. Slide 6: Corporate Profile

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 4 Valley National Bank • Traded on the NYSE (VLY) • Regional Bank Holding Company • Headquartered in Wayne, NJ • Operates 208 Branches Corporate Profile – Northern NJ – Central NJ – Manhattan – B

  7. Slide 7: Valley's 2Q 2013 Highlights

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 5 Valley’s 2Q 2013 Highlights Highlights • 2Q 2013 net income of $33.9 million or $0.17 diluted EPS compared to $32.8 million or $0.17 diluted EPS for 2Q 2012 • Total non-covered loans increased

  8. Slide 8: Asset & Loan Composition

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 6 At 12/31/2009 – CRE 37%, Residential 21%, C&I 19%, Auto 11%, Other Consumer 7%, C&D 5% Asset & Loan Composition

  9. Slide 9: New Loan Originations Trend

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 7 New Loan Originations Trend 3 year average increase between 2010 – 2013 *Annualized As of 6/30/2013, excludes purchased portfolios

  10. Slide 10: Commercial Real Estate Diversified Portfolio

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 8 As of 6/30/2013 Total Commercial Real Estate - $4.5 Billion (Includes both Covered and Non-Covered Loans) Primary Property Type $ Amount (Millions) % of Total Avg LTV 2009 Avg LTV Retail 1,081 24% 51% 50% Apar

  11. Slide 11: Commercial Real Estate Retail Composition

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 9 As of 6/30/2013 Total Retail Property Types - $1.1 Billion (Non-Covered Loans) Retail Property Type % of Total Avg LTV 2009 Avg LTV Multi-Tenanted - No Anchor 24% 55% 56% Multi-Tenanted - Anchor 23% 52% 50% Si

  12. Slide 12: Construction Loan Composition

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 10 As of 6/30/2013 Primary Property Type $ Amount (Millions) % of Total 2009 % of Total Residential 32% 50% Apartments 20% 2% Retail 18% 8% Land Loans 11% 13% Mixed Use 10% 15% Specialty 4% 1% Healthcare 3% 2% O

  13. Slide 13: Asset Quality

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 11 Asset Quality 2013 YTD Net Charge-offs Source: SNL Financial data for 2Q 2013 as of 8/6/2013 Peer group includes banks between $3 billion and $50 billion in assets

  14. Slide 14: Investment Portfolio

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 12 Investment Portfolio By Investment Grade Key Comments Key Highlights & Composition • $2.7 billion investment portfolio • As part of Valley’s macro asset/liability strategy, the bank continues

  15. Slide 15: Liability & Deposit Composition

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 06/30/2013 13 Liability & Deposit Composition *includes junior subordinated debentures issued to capital trusts

  16. Slide 16: Deposits & Borrowings

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 14 As of 06/30/2013 Deposits & Borrowings Non-Interest Bearing Deposits Key Comments Cost of Long Term Borrowings Key Highlights and Comments • 2Q 2013 total cost of interest bearing deposits declined 3 basis po

  17. Slide 17: Regulatory Capital Composition & Ratios

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. As of 6/30/2013 15 Significant estimated unrealized gains on the fair value of facilities, referenced in slide 6, are not reflected in capital ratios above. *Non-GAAP reconciliations shown on slides 18 and 19 Ca

  18. Slide 18: Shareholder Returns: Historical Financial Data

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 16 Shareholder Returns Historical Financial Data (1) (Dollars in millions, except for share data) YTD 6/2013 15,977 $ 65.2 $ $0.33 0.82 % 8.64 % $0.33 N/A N/A 2012 16,013 143.6 0.73 0.91 9.57 0.65 5/12 - 5% Stoc

  19. Slide 19: For More Information

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 17 For More Information Log onto our web site: www.valleynationalbank.com E-mail requests to: dgrenz@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valle

  20. Slide 20: Non-GAAP reconciliations

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 18 Total Equity $1,521,553 Total Assets $15,977,202 Plus: Net unrealized losses on securities available for sale, net of tax 15,609 Less: Goodwill & Other Intangible Assets (467,236) Plus: Accumulated net losses

  21. Slide 21: as

    as

  22. Slide 22: Non-GAAP Disclosure Reconciliations

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. 19 6/30/2013 Non-GAAP Disclosure Reconciliations ($ in Thousands) Common Shares Outstanding 199,254,687 Shareholders’ Equity $1,521,553 Less: Goodwill and Other Intangible Assets (467,236) Tangible Shareholders’

  23. Slide 23: Opportunity Lender. All Rights Reserved.

    © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved.

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