硅谷国家银行 2026年季度报告

FORM 10-Q (Mark One) ☒Quarterly Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the Quarterly Period Ended March 31, 2026OR ☐Transition Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the transition period fromtoCommission File Number 1-11277Valley National Bancorp (Exact name of registrant as specified in its charter) 22-2477875(I.R.S. EmployerIdentification Number) New Jersey(State or other jurisdiction ofIncorporation or Organization) One Penn PlazaNew York, NY(Address of principal executive office) 10119(Zip code) 973-305-8800(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files.)Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,”“smallerreporting company”and“emerging growth company”in Rule 12b-2 of the Exchange Act: Large accelerated filer☒Acceleratedfiler☐Smallerreportingcompany☐Non-accelerated filer☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. CommonStock (no par value), of which 554,131,478 shares were outstanding as of May6, 2026. TABLE OF CONTENTS PART IFINANCIAL INFORMATIONItem1.Financial Statements (Unaudited)Consolidated Statements of Financial Condition as of March31, 2026 andDecember31, 20253Consolidated Statements of Income for theThree Months EndedMarch31, 2026 and20254Consolidated Statements of Comprehensive Income for theThree Months EndedMarch31, 2026 and 20255Consolidated Statements of Changes in Shareholders' Equity for theThree MonthsEndedMarch31, 2026 and 20256Consolidated Statements of Cash Flows for theThree Months Ended March31, 2026and 20257Notes to Consolidated Financial Statements9Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations44Item3.Quantitative and Qualitative Disclosures About Market Risk79Item4.Controls and Procedures79PARTIIOTHER INFORMATIONItem1.Legal Proceedings80Item1A.Risk Factors80Item2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of EquitySecurities80Item 5.Other Information80Item6.Exhibits81SIGNATURES82 Glossary of Defined Terms The following terms may be used throughout this Report, including the consolidated financial statements and related notes. VALLEY NATIONAL BANCORPCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION VALLEY NATIONAL BANCORPCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)(in thousands) VALLEY NATIONAL BANCORPCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) VALLEY NATIONAL BANCORPCONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)(in thousands) VALLEY NATIONAL BANCORPCONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (continued)(in thousands) VALLEY NATIONAL BANCORPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1. Basis of Presentation The unaudited consolidated financial statements of Valley include the accounts of the Bank and all other entities in whichValley has a controlling financial interest. All intercompany transactions and balances have been eliminated. Theaccounting and reporting policies of Valley conform to GAAP and general practices within the financial services industry.In accordance with GAAP, Valley does not consolidate statutory trusts established for the sole purpose of issuing trustpreferred securities and related trust common securities. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to fairlypresent Valley’s financial position, results of operations, changes in shareholders' equity and cash flows at March31, 2026and for all periods presented have been made. The results of operations for the three months ended March31, 2026 are notnecessarily indicative of th