Valley National Bancorp (VLY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and thank you for standing by. Welcome to Valley National Bancorp third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. I would now like to turn the conference over to Andrew Giannetti. Please go ahead, sir. Good morning, and welcome to Valley's third quarter 2025 earnings conference call. I am joined today by CEO Ira Robbins and CFO Travis Land. Our quarterly earnings release and supporting documents are available at valley.com. Reconciliations of any non-GAAP measures mentioned on the call can be found in today's earnings release. Please also note slide two of our earnings presentation, and remember that comments made today may include forward-looking statements about Valley National Bancorp and the banking industry. For more information on these forward-looking statements and associated risk factors, please refer to our SEC filings including Forms 8-K, 10-Q, and 10-K. With that, I'll turn the call over to Ira Robbins. Thank you, Andrew. Value delivered strong results in the third quarter, reporting net income of approximately $163 million, or 28 cents per diluted chair. This is up from $133 million, or 22 cents, last quarter, and represents our highest level of quarterly profitability since the end of 2022. This performance reflects a significant operating momentum that has been building in our organization. This quarter's results were highlighted by robust core customer deposit growth, continued momentum in net interest...