VALLEY NATIONAL BANCORP Business Summary

Valley National Bancorp (VLY) operates as a regional bank holding company with approximately $63 billion in assets, primarily generating revenue through net interest income from a diversified loan portfolio and fee-based services including wealth management and insurance. The company’s business is organized into three primary segments: Commercial Banking, which drives the majority of revenue through C&I, construction, and commercial real estate (CRE) lending; Consumer Banking, focusing on residential mortgages, automobile loans, and personalized private banking; and Treasury and Corporate Other. Valley distinguishes itself through niche market leadership in homeowners association (HOA) banking, cannabis-related financial services, and venture banking. Within the competitive landscape, Valley competes directly with regional peers such as Ameris Bancorp, Pinnacle Financial Partners, and Bank OZK. It occupies a strategic mid-cap position, recently completing a multi-year balance sheet transformation to reduce CRE concentration and pivot toward a relationship-centric, holistic banking model. Originally founded in 1927 as a local trust company, Valley is currently led by Ira Robbins, who serves as both Chief Executive Officer and President, having been with the institution for over two decades. The executive team was significantly bolstered in 2025 and early 2026, featuring Travis Lan as SEVP and Chief Financial Officer—a former investment banker from Keefe, Bruyette & Woods—and Gino Martocci as President of Commercial Banking, who brought 20+ years of experience from M&T Bank. Digital and operational strategy is overseen by SEVP and COO Russell Barrett and recently appointed Head of Digital & Assisted Channels Stephen Schroth. The company’s governance is supported by a board that includes notable recent appointee Carlos Vazquez, former CFO of Popular, Inc., while institutional backing is led by major shareholders such as BlackRock, reflecting strong market confidence in Valley’s modernized regional banking platform.