Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Investor Presentation (February 2013)
19 slides from Valley National Bancorp's investor presentation, Feb 11, 2013
Slide 1: Investor Presentation
EXHIBIT 99.1 Investor Presentation © 2013 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Slide 2: Forward Looking Statements
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 expressions about management’s confidence and strategies and management’s expectations about n
Slide 3: Valley National Bank Our Approach
Valley National Bank Our Approach Large Bank that Operates and Feels Like a Small Closely Held Company • Focus on Credit Quality • Large percentage of retail ownership • Conservative Strategies – Long-term investment approach • Never Had a Losing Quarter – Focus on cash and stock • Affluent and Heav
Slide 4: Valley National Bank Corporate Profile
Valley National Bank Corporate Profile • Traded on the NYSE (VLY) • Regional Bank Holding Company • Headquartered in Wayne, NJ • Operates 210 Branches – Northern NJ – Central NJ – Manhattan – Brooklyn – Queens – Long Island As of 12/31/2012 • 2012 Total NY Relationships • $2.8 billion in NY deposits
Slide 5: Valley's 4Q 2012 Highlights Dashboard
Valley’s 4Q 2012 Highlights Dashboard Highlights Net Charge-Offs & Allowance* • 4Q 2012 net income of $36.8 million or $0.19 1.50% NCO Allowance diluted EPS compared to $24.5 million or $0.14 diluted EPS 1.00% 1.26% • Despite Hurricane Sandy and the holiday 1.09% 1.11% 0.50% season, residential mort
Slide 6: Asset & Loan Composition
Asset & Loan Composition Total Assets $16.0 Billion Non-Covered Loans (Gross) $10.8 Billion Intangible Other Assets 3% Assets* 8% Commercial Construction Real Estate Cash 5% Loans 4% 41% Non-Covered Loans Other Consumer Securities 68% 6% Residential Auto Loans Mortgages 15% 7% Commercial 23% Loans 1
Slide 7: New Loan Originations Trend
New Loan Originations Trend $2,500,000 105% 39% 52% 20% Average Average Average Average Increase Increase Increase Increase $2,000,000 $1,500,000 $1,000,000 $500,000 $0 CRE C&I Residential Consumer 2010 2011 2012 2 year averageincreasebetween2010 - 2012 © 2013 Valley National Bank. Member FDIC. Equa
Slide 8: Commercial Real Estate Diversified Portfolio
Commercial Real Estate Diversified Portfolio Primary Property $ Amount % of 2009 Avg 2012 Avg TotalCommercial RealEstate- $4.5Billion Type (Millions) Total LTV LTV (Includes both Covered and Non-Covered Loans) Retail 1,066 24% 50% 50% Apartments 843 19% 49% 37% Industrial 783 17% 53% 51% 6% Retail O
Slide 9: Commercial Real Estate Retail Composition
Commercial Real Estate Retail Composition Total Retail Property Types $1.1 - Billion % of 2009 2012 (Non-Covered Loans) Retail Property Type Total Avg LTV Avg LTV Multi-Tenanted - No Anchor 24% 56% 53% Multi-Tenanted -Anchor 23% 50% 51% 4% 5% 24% Single Tenant 23% 51% 51% Auto Dealership 9% 50% 49%
Slide 10: Construction Loan Composition
Construction Loan Composition Primary Property $ Amount 2009 % 2012 % Type (Millions) of Total of Total Total Construction Loans $397 - Million (Non-Covered Loans) Residential 130 50% 32% Retail 75 8% 19% Apartments 64 2% 16% 3% Land Loans 48 13% 12% 10% 32% Mixed Use 41 15% 10% Other 13 3% 3% Indus
Slide 11: Asset Quality 2012 YTD Net Charge-offs
Asset Quality 2012 YTD Net Charge-offs 2.50% 1.99% 2.00% 1.62% 1.50% 1.00% 0.68% 0.75% 0.56% 0.61% 0.50% 0.48% 0.50% 0.21% 0.19% 0.25% 0.11% 0.00% CRE C&I C&D Residential Home Consumer VLY Peers Equity *Source: SNL 1/30/2013 * Peer group includes banks between $3 billion and $50 billion in assets As
Slide 12: Investment Portfolio Key Highlights & Composition
Investment Portfolio Key Highlights & Composition By Investment Grade Key Comments 4% AAA 67% • $2.4 billion investment portfolio 5% 10% AA 12% 2% • As part of Valley’s macro asset/liability A 2% strategy, the bank continues to manage the 12% BBB 5% duration of its investment portfolio 67% Non Inves
Slide 13: Liability & Deposit Composition
Liability & Deposit Composition Total Liabilities $14.5 Billion Other Total Deposits Liabilities $11.3 Billion 3% Non-Interest Bearing 32% Long-term Total Deposits Borrowings 18% 78% Time Deposits Interest Bearing 22% 46% Short-term Borrowings 1% As of 12/31/2012 © 2013 Valley National Bank. Member
Slide 14: Deposits & Borrowings Key Highlights and Comments
Deposits & Borrowings Key Highlights and Comments Non-Interest Bearing Deposits Key Comments 32% 31.6% • 4Q 2012 total cost of funds declined 1 basis 30% 28.8% point linked quarter to 1.25% 28% 27.0% • Increase in non-interest bearing deposit 26% composition led to a 3 basis point decline in cost of
Slide 15: Regulatory Capital Composition & Ratios
Regulatory Capital Composition & Ratios Total Tier II Capital Capital Ratios As of “Well 12/31/2012 Capitalized” $1.4 Billion Tangible Common Equity / 6.71% N/A Tangible Assets Tangible Common Equity / 9.14% N/A Risk-Weighted Assets LL Reserve 9% Tier I Common Ratio 9.24% N/A Tier I Common Sub-debt
Slide 16: Shareholder Returns
Shareholder Returns Historical Financial Data (1) (Dollars in millions, except for share data) Diluted Earnings Per Return on Return on Cash Dividends Years Ended Net Income Common Average Average Declared Per (2) Total Assets (3) Share Assets Equity Common Share Common Stock Splits and Dividends 20
Slide 17: For More Information
For More Information Log onto our web site: www.valleynationalbank.com E-mail requests to: dgrenz@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valley Road Wayne, New Jersey 07470 Attn: Dianne M. Grenz, First Senior Vice President Director o
Slide 18: Non-GAAP Disclosure Reconciliations
12/31/2012 Non-GAAP Disclosure Reconciliations ($ in Thousands) Total Equity $1,502,377 Total Assets $16,012,646 Less: Net unrealized gains on securities 3,269 Less: Goodwill & Other Intangible Assets (459,357) available for sale Plus: Accumulated net gains (losses) on cash 12,676 Total Tangible Ass
Slide 19: Non-GAAP Disclosure Reconciliations
12/31/2012 Non-GAAP Disclosure Reconciliations ($ in Thousands) Common Shares Outstanding 198,438,271 Shareholders’ Equity $1,502,377 Less: Goodwill and Other (459,357) Intangible Assets Tangible Shareholders’ Equity $1,043,020 Tangible Book Value $5.26 © 2013 Valley National Bank. Member FDIC. Equa
Valley National Bancorp — Investor Presentation (February 2013) on 6ix