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© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. © 2017 Valley National Bank®. Member FDIC. Equal Opportunity Lender. All Rights Reserved.
Investor Presentation
EXHIBIT 99.1
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
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 new and existing programs and
products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified
by such forward-looking terminology as “should,” “expect,” “believe,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “typically,” “usually,”
“anticipate,” or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Actual results may
differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-
looking statements include, but are not limited to: weakness or a decline in the U.S. economy, in particular in New Jersey, New York Metropolitan area
(including Long Island) and Florida as well as an unexpected decline in commercial real estate values within our market areas; less than expected cost savings
and revenue enhancement from Valley's cost reduction plans including its earnings enhancement program called "LIFT"; damage verdicts or settlements or
restrictions related to existing or potential litigations arising from claims of breach of fiduciary responsibility, negligence, fraud, contractual claims,
environmental laws, patent or trade mark infringement, employment related claims, and other matters; the loss of or decrease in lower-cost funding sources
within our deposit base may adversely impact our net interest income and net income; cyber attacks, computer viruses or other malware that may breach the
security of our websites or other systems to obtain unauthorized access to confidential information, destroy data, disable or degrade service, or sabotage our
systems; results of examinations by the OCC, the FRB, the CFPB and other regulatory authorities, including the possibility that any such regulatory authority
may, among other things, require us to increase our allowance for credit losses, write-down assets, require us to reimburse customers, change the way we do
business, or limit or eliminate certain other banking activities; changes in accounting policies or accounting standards, including the new authoritative
accounting guidance (known as the current expected credit loss (CECL) model) which may increase the required level of our allowance for credit losses after
adoption on January 1, 2020; higher or lower than expected income tax expense or tax rates, including increases or decreases resulting from changes in tax
laws, regulations and case law; our inability to pay dividends at current levels, or at all, because of inadequate future earnings, regulatory restrictions or
limitations, and changes in our capital requirements; higher than expected loan losses within one or more segments of our loan portfolio; unanticipated loan
delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on our business caused by severe weather or other external
events; unexpected significant declines in the loan portfolio due to the lack of economic expansion, increased competition, large prepayments, changes in
regulatory lending guidance or other factors; the failure of other financial institutions with whom we have trading, clearing, counterparty and other financial
relationships; and inability to retain and attract customers and qualified employees. A detailed discussion of factors that could affect our results is included in
our SEC filings, including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2016. We undertake no duty to
update any forward-looking statement to conform the statement to actual results or changes in our expectations. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
2
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Valley National Bancorp
• Traded on the New York
Stock Exchange (NYSE: VLY)
• Regional Bank Holding
Company
• Headquartered in Wayne,
New Jersey
• Founded in 1927
Overview of Valley National
Bancorp
Branches 209
ATMs 225
*Total employees reflects the full-time equivalent as of the date shown
Average Balance
Sheet & Other Items 1Q 2017
1Q 2016
Assets $23.0 billion $21.7 billion
Interest Earning Assets $20.9 billion $19.5 billion
Loans $17.3 billion $16.0 billion
Deposits $17.4 billion $16.4 billion
Shareholders’ Equity $2.4 billion $2.2 billion
Total Employees* 2,842 2,897
Branch Count 209 226
3
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Valley National Bancorp
*Data as of April 26, 2017
Since the Bank was founded in 1927, Valley has never produced a losing quarter
• Customer centric culture
• Superior credit quality led by experienced commercial lenders
• Efficient operator; measured growth strategies
• Seasoned management team
• Deliver on shareholder value proposition
• Operations in three (3) of the most heavily populated states
• Concentrated in affluent geographic markets
• Strong business banking markets
• Balanced institutional and retail stock ownership
• More than 275 institutional holders own 60% of all shares*
• Long-term investment approach
• Strong cash dividend
• Large insider stock ownership including director & officer family
members, retired employees and retired directors
Shareholder
Value Proposition
Demographic
Focus
Core
Focus
4
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Our 2020 Vision
5
NJ NY FL
Vision Statement
• A premier commercial banking franchise
with a diversified balance sheet
• Asset generator in three (3) of the best
markets on the East Coast
Strategic Focus
• Enhance noninterest revenue to deliver
sustained performance in challenging
interest rate environments
• Reduce operating expenses by utilizing
technology to enhance and streamline
operations and delivery channels
• Expand the customer base by leveraging
current infrastructure across all three
states to drive growth
Bank Profile
• Asset Size: Mid-Size Bank
• Footprint: NJ / NY / FL
• Growth: Organic / Opportunistic
Acquisitions
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
New York & New Jersey Franchise
178 Branches
Loans Deposits
16 Counties
Core Demographic
Overview
NJ Core
Market(1)
New York
City(2)
Long
Island
U.S.A.
Avg. Pop. / Sq. Mile 6,079 40,520 3,147 91
Avg. Household Income $103,362 $91,385 $120,590 $77,135
Avg. Deposits / Branch $120,448 $741,283 $137,345 $113,614
VLY Deposits $8.8 billion $2.3 billion $1.1 billion $16.4 billion
VLY Deposit Market Share 6.34% 0.21% 0.92% 0.15%
(1)NJ Core Market includes Passaic, Morris, Hudson, Essex and Bergen Counties
(2)New York City includes Brooklyn, Queens and Manhattan; Demographic and deposit data for 2016
NY & NJ
87%
NY & NJ
85%
6
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Florida Franchise
FL
13%
Loans
FL
15%
Deposits
31 Branches
14 Counties
Core Demographic
Overview
Central
Tampa(1)
Central
Orlando(2)
Southeast(3) Florida
Avg. Pop. / Sq. Mile 2,219 1,101 1,308 379
Avg. Household Income $69,745 $65,894 $72,350 $67,858
Avg. Deposits / Branch $115,137 $93,911 $146,160 $94,918
VLY Deposits $0.1 billion $0.5 billion $1.4 billion $2.5 billion
VLY Deposit Market Share 0.17% 1.10% 0.62% 0.50%
(1)Central Tampa includes Pinellas & Hillsborough Counties (2)Central Orlando includes Orange, Brevard & Indian River Counties (3)Southeast includes Palm Beach, Broward &
Miami-Dade Counties; Demographic and deposit data for 2016 7
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 8
Valley’s 1Q 2017 Highlights
Loan Growth for Select Portfolios(1) Financial Highlights
• Net interest income of $164.7 million increased
$14.6 million from the same period one year ago
• Net interest margin of 3.14 percent increased 6 bps
compared to the same period one year ago
• Organic loan originations excluding lines of credit
totaled approximately $740 million in the first
quarter
Operating Efficiency
• Noninterest expense decreased $3.9 million or 3.1
percent compared to the prior quarter
• Expense discipline driving improvement in efficiency
ratio to 61.6 percent for the quarter compared to
65.4 in the same quarter one year ago3
Credit Quality
• NPAs remained steady at 0.22 percent of total assets
• Net charge-off ratio over recent periods remains
anchored at or near zero percent; for the quarter the
NCO ratio was 0.03 percent
4%
19%
8% 8%
Commercial &
Industrial
CRE Construction Total Loans
1.22%
0.22%
2013 2014 2015 2016 2017
Non-Performing Assets to Total Assets(2)
(1)Loan growth is the change from March 31, 2016 to March 31, 2017; (2)Excludes purchase credit impaired loans
(3) Refer to the disclosure in the appendix regarding the calculation for the efficiency ratio
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 9
Diversified Funding Sources
Deposit Growth Trend ($, in billions)
11.4
14.3
16.3
17.7 17.3
2013 2014 2015 2016 1Q 2017
Interest Bearing Non-Interest Bearing
14% CAGR
Betas & Change in Duration Indicate Less Sensitivity to Increase in Rates
Other
Deposits
28%
Continued focus on maintaining an attractive, stable funding base with less sensitivity to changes in rates
Attractive Deposit Composition (1Q 2017)
Business
Non-Interest
21%
Retail Non-Interest, 9%
Retail MMDA, 8%
Business MMDA, 11%
Beta
Duration (in years)
No Change +100bps +200bps
Business MMDA 0.240 5.38 5.23 5.05
Retail MMDA 0.488 5.43 5.25 5.06
Savings & IRA 0.125 5.77 5.61 5.44
NOW ex Government 0.312 8.15 7.93 7.70
Non-interest bearing 0.000 6.25 6.10 5.92
Total (weighted avg) 0.159 6.11 5.95 5.77
NOW ex Government, 12%
Savings & IRA, 11%
Note: Figures may not total to one hundred percent due to rounding
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 10
LIFT: Earnings Enhancement Program
ROAA: Improving our operating results(1) Program Highlights
Remain focused on our efficiency ratio(2) 2017 Key Milestones
• Leveraging industry respected consultant
EHS Partners LLC
– Prior experience with major financial services
companies
• Scope of engagement
– Identify additional areas for operating
expense reduction
– Seek revenue enhancement opportunities
• Announced LIFT program in December 2016
• Planning & discovery phase of the process is
on schedule to be completed in second
quarter of 2017
• Implementation phase will begin soon
thereafter
• Recognize majority of benefits beginning
in 2018
0.53
0.76 0.80
2015 2016 2017 2018 2019 Long-Term
Goal
66.3
61.8 61.6
2015 2016 2017 2018 2019 Long-Term
Goal
(1)Return on average asset calculation is the full year for 2015 and 2016; for 2017 is the three months ended March 31, 2017, annualized
(2)Refer to the disclosure in the appendix regarding the calculation for the efficiency ratio
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Technology: A Key Enabler for Success
▪ Delivering robust customer and employee
experiences through frictionless interaction
Modernize
& Empower
Customer
Centric
Digitally
Powered
Data Driven
▪ Enhancing customer touch points to drive
improved customer capabilities
▪ Improving operating efficiency and agility by
investing in continuous modernization
▪ Harnessing data more intuitively to drive deep
customer insights and data centric decisioning
11
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Average Net Charge-Offs to Loans by Category
0.07%
0.47%
0.26%
0.06% 0.07%
0.42%
0.18%
0.29%
1.15%
1.58%
0.45%
0.52%
1.37%
0.69%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
1.80%
CRE C&I C&D Residential Home Equity Consumer Total
Valley National Bancorp
Peer Group ($10 to $50 billion in assets)
Data as of April 26, 2017
Peer group includes commercial and savings banks between $10 billion and $50 billion in assets at year end
Avg. NCOs from ‘00 to ‘17 are anchored well below peers demonstrating our prudent risk management practices
12
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Capital Strength
1
0
7
.7
1
1
0.
4
1
1
2
.9
1
1
6
.6
1
1
7
.7
1
1
4
.2
1
1
0
.5
1
0
6
.3
9
9
.3
9
5
.1
50
60
70
80
90
100
110
120
3/31/16 6/30/16 9/30/16 12/31/16 3/31/17
Allowance for Credit Loss Fair Value Adjustment
Millions
0.67% 0.67% 0.68% 0.68% 0.67%
0.71% 0.67% 0.64% 0.58% 0.54%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
3/31/16 6/30/16 9/30/16 12/31/16 3/31/17
Allowance for Credit Loss Fair Value Adjustment
1
1
.7
9
%
1
1
.6
9
%
1
1
.6
4
%
1
2
.1
5
%
1
1
.9
6
%
9
.4
6
%
9
.3
9
%
9
.3
6
%
9
.9
0
%
9
.7
6
%
8
.8
1
%
8
.7
4
%
8
.7
3
%
9
.2
7
%
9
.1
2
%
4%
6%
8%
10%
12%
3/31/16 6/30/16 9/30/16 12/31/16 3/31/17
Total RBC Tier 1 CET1
• Regulatory capital ratios were slightly
lower compared to the previous quarter
• Net proceeds from secondary offering
conducted in Q4 2016 supporting
continued strong loan growth
PCI Fair Value Adjustment & ACL* PCI FVA & ACL as Percent of Total Loans
Bancorp Regulatory Capital Ratios Capital Highlights
*Allowance for credit losses (ACL)
Purchased credit impaired (PCI) loans; Fair value adjustment (FVA); Allocated by pool and cannot be utilized across pools 13
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Valley National Bancorp
Appendix
14
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Diversified Portfolio
Commercial
Real Estate,
52%
Residential
Mortgages,
16%
Commercial
Loans, 15%
Auto Loans,
6%
Other
Consumer,
6%
Construction,
5%
(1)Capital is defined as regulatory tier I capital at the Bank plus the allowance for loan and lease losses
Loan Portfolio as a Percent of Capital Composition of Loan Portfolio ($17.4 billion)
Loan Portfolio
Percent of
Capital, % (1)
Commercial Real Estate 463
Residential Mortgage 141
Commercial 136
Automobile 59
Other Consumer 54
Construction 43
Note: Figures may not total to one hundred percent due to rounding 15
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Total Commercial Real Estate - $8.9 Billion
(Includes both Covered and Non-Covered Loans)
19%
13% 12%
11%
11%
4%
4%
3%
2% 1%
20%
-Average LTV based on current balances and most recent appraised value.
-The total CRE loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan classifications reported in Valley’s SEC and bank regulatory reports.
-The chart above does not include $797 Million in Construction loans. Construction composition displayed separately in presentation.
Commercial Real Estate
16
As of March 31, 2017
Primary Property Type
$ Amount
(Millions) % of Total
Avg
2013 1Q
Avg LTV LTV
Apartments 1,742 20% 61% 36%
Retail 1,700 19% 54% 50%
Mixed Use 1,162 13% 54% 46%
Coop Mortgages 1,085 12% 11% N/A
Office 1,037 11% 54% 50%
Industrial 986 11% 53% 50%
Healthcare 355 4% 52% 59%
Specialty 346 4% 47% 49%
Other 238 3% 47% 39%
Residential 208 2% 55% 50%
Land Loans 70 1% 59% 63%
Total $8,929 100% 49%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Total Retail Property Types - $1.7 Billion
27%
27%
24%
7%
6%
5%
3%
1%
-Average LTV based on current balances and most recent appraised value
-The chart above excludes construction loans. Construction composition displayed separately in presentation
Composition of CRE Retail
17
As of March 31, 2017
Retail Property Type
% of Avg
2013 1Q
Avg LTV Total LTV
Single Tenant 27% 53% 51%
Multi-Tenanted - Anchor 27% 54% 51%
Multi-Tenanted – No
Anchor
24% 56% 53%
Auto Dealership 7% 49% 50%
Other 6% N/A N/A
Food Establishments 5% 53% 54%
Entertainment Facilities 3% 45% 54%
Auto Servicing 1% 47% 49%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
32%
20% 16%
15%
7%
4%
3%
3%
Composition of Construction
18
Total Construction Loans - $797 Million
-Construction loan balance is based on Valley’s internal loan hierarchy structure and does not reflect loan
classifications reported in Valley’s SEC and bank regulatory reports.
As of March 31, 2017
Primary Property Type $ Amount
(Millions)
% of
Total
2013 1Q
% of Total
Apartments 256 32% 19%
Mixed Use 155 20% 11%
Residential 128 16% 31%
Land Loans 123 15% 12%
Retail 59 7% 17%
Healthcare 30 4% 4%
Other 26 3% 3%
Specialty 20 3% 3%
Total $797 100%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Operating Efficiency
Calculation for efficiency ratio
Three Months Ended Twelve Months Ended
($, thousands)
March 31,
2017
December 31,
2016
September 30,
2016
June 30,
2016
March 31,
2016
December 31,
2015
December 31,
2016
December 31,
2015
Net Interest Income 162,529
164,395
154,146
151,455
148,153
148,046
618,149
550,269
Noninterest Revenue 25,059
32,660
24,853
24,264
21,448
24,039
103,225
83,803
less: periodic net gain on sale of residential
mortgages -
7,500
-
-
-
-
7,500
-
Net Revenue
187,588
189,555
178,999
175,719
169,601
172,085
713,874
634,072
Noninterest Expense
120,952
124,829
113,268
119,803
118,225
174,893
476,125
499,075
less: amortiziaton of tax credits
5,324
13,384
6,450
7,646
7,264
13,081
34,744
27,312
less: loss on extinguishment of debt
-
-
-
-
-
51,129
315
51,129
Total Noninterest Expense
115,628
111,445
106,818
112,157
110,961
110,683
441,066
420,634
Efficiency Ratio 61.64% 58.79% 59.68% 63.83% 65.42% 64.32% 61.78% 66.34%
19
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
For More Information
Log onto our web site: www.valleynationalbank.com
E-mail requests to: tzarkadas@valleynationalbank.com
Call Shareholder Relations at: (973) 305-3380
Write to: Valley National Bank
1455 Valley Road
Wayne, New Jersey 07470
Attn: Tina Zarkadas, Shareholder Relations Specialist
Log onto our website above or www.sec.gov to obtain free copies of documents
filed by Valley with the SEC
20