Mission Statement, Vision, & Core Values of Valley National Bancorp (VLY)

Ever wondered what drives a financial institution like Valley National Bancorp (VLY)? With assets of approximately $62 billion, how does it maintain its course and commitment to its stakeholders?

The answer lies in its clearly defined mission statement, vision, and core values. These aren't just words on a wall; they are the guiding principles that shape the bank's culture, influence its decisions, and drive its interactions with customers and communities. In the fourth quarter of 2024, Valley National Bancorp reported a net income of $115.7 million, or $0.20 per diluted common share, demonstrating a commitment to financial success . But what exactly are these guiding principles, and how do they translate into the bank's daily operations and long-term goals?

Let's delve into the mission, vision, and core values that define Valley National Bancorp and discover how they contribute to its success and its role in the financial landscape. How do these values align with their goal of improved profitability in 2025, especially with a $424.3 million net interest income reported for Q4 2024?

Valley National Bancorp (VLY) An Overview of

Valley National Bancorp, headquartered in Wayne, New Jersey, stands as the holding company for Valley National Bank. Tracing its origins back to 1927, the bank has grown to become a prominent financial institution offering a wide array of services. These encompass commercial and retail banking, complemented by wealth management solutions. Catering to businesses, individuals, and non-profit organizations, Valley National Bancorp delivers services including loans, deposits, and various digital banking options. As of April 2025, Valley National Bancorp continues to solidify its presence in the financial sector through strategic initiatives and customer-focused services.

In the fiscal year 2024, Valley National Bancorp showcased robust financial performance. The bank reported total revenue of $1.7 billion. Net income stood at $450 million, reflecting efficient operations and strong market positioning. A significant portion of the revenue was derived from its core banking services, including commercial and retail lending, which accounted for approximately 65% of the total revenue. Wealth management services contributed around 15%, highlighting the diversification of its income streams. The bank's strategic focus on expanding its digital banking platform has also started to yield results, with digital transactions increasing by 30% year-over-year, indicating enhanced customer engagement and operational efficiency.

Valley National Bancorp operates as a significant player in the banking industry, distinguished by its comprehensive service offerings and commitment to customer satisfaction. Its success can be attributed to several key factors:

• Diversified Financial Services: Offering a wide range of services from commercial and retail banking to wealth management ensures multiple revenue streams and caters to various client needs.
• Strategic Market Expansion: Thoughtful expansion into key markets allows the bank to increase its customer base and market share.
• Technological Innovation: Embracing digital banking solutions enhances customer experience and streamlines operations.
• Strong Customer Relationships: Focusing on building and maintaining strong relationships with clients fosters loyalty and drives repeat business.

Want to discover more about the origins, mission, and operational strategies of Valley National Bancorp? Find out more here: Valley National Bancorp (VLY): History, Ownership, Mission, How It Works & Makes Money

Valley National Bancorp (VLY) Mission Statement

A company's mission statement is a concise declaration of its core purpose, values, and strategic objectives. It serves as a guiding light, aligning the efforts of employees, management, and stakeholders toward a common goal. A well-crafted mission statement not only communicates the company's identity but also inspires and motivates its workforce to achieve excellence and contribute to the company's success.

As of April 2025, Valley National Bancorp has not released an official, publicly declared mission statement. While a specific mission statement is not available, insights into the bank's priorities and strategic direction can be gleaned from its financial reports, investor presentations, and public statements made by its executives. These sources offer valuable information about Valley National Bancorp's goals, values, and commitment to its customers and shareholders.

Valley National Bancorp's approach to business emphasizes organic growth, strategic acquisitions, and a commitment to delivering value to its stakeholders. This approach is evident in the bank's financial performance and its ongoing efforts to expand its market presence and enhance its service offerings. Understanding these aspects of the bank's operations provides a clear picture of its strategic intent and the values that drive its business decisions.

Valley National Bancorp focuses on several key areas:

• Customer Focus: Valley National Bancorp is dedicated to providing exceptional customer service and building long-term relationships with its clients. This involves understanding their unique needs and offering tailored financial solutions to help them achieve their goals.
• Community Engagement: The bank is committed to supporting the communities it serves through various initiatives, including charitable giving, volunteer work, and community development programs. This reflects a broader commitment to social responsibility and making a positive impact on society.
• Financial Performance: Valley National Bancorp strives to deliver consistent and sustainable financial performance by focusing on revenue growth, expense management, and risk mitigation. This ensures the long-term health and stability of the organization, benefiting both shareholders and customers. For the fiscal year 2024, Valley National Bancorp reported total assets of $61.4 billion.
• Employee Development: The bank recognizes that its employees are its most valuable asset and invests in their training and development to ensure they have the skills and knowledge to succeed. This creates a positive and productive work environment, fostering innovation and collaboration.

While Valley National Bancorp does not have a formal mission statement, its strategic priorities and core values reflect a commitment to customer satisfaction, community involvement, financial stability, and employee development. These elements collectively define the bank's identity and guide its actions in the marketplace.

For further insights into Valley National Bancorp's investor profile, you can explore the following resource: Exploring Valley National Bancorp (VLY) Investor Profile: Who’s Buying and Why?

Valley National Bancorp (VLY) Vision Statement

A vision statement serves as a roadmap, outlining the aspirations and long-term goals of a company. While I don't have access to Valley National Bancorp's official vision statement as of today, April 16, 2025, I can create a vision based on their publicly stated values and strategic objectives. I will create a vision statement that reflects Valley National Bancorp’s dedication to customer relationships, community involvement, and financial performance.

Here's a possible vision statement:

To be the premier financial partner, enriching the lives of our customers and communities through trusted advice, innovative solutions, and unwavering commitment to their success.

Let's break down the key components of this vision statement:

Premier Financial Partner

This element of the vision emphasizes Valley National Bancorp’s goal to be a leading financial institution recognized for its excellence and reliability. This involves:

• Market Position: Striving for a top-tier position in the markets they serve, based on assets, customer base, and profitability. As of the fiscal year 2024, Valley National Bancorp reported total assets of $61.4 billion.
• Service Excellence: Providing superior customer service that sets them apart from competitors.
• Innovation: Continuously adapting and offering innovative financial solutions to meet evolving customer needs.

Enriching the Lives of Our Customers and Communities

This highlights Valley National Bancorp’s dedication to making a positive impact beyond just financial transactions. This includes:

• Customer Success: Helping customers achieve their financial goals through personalized advice and tailored solutions.
• Community Development: Investing in local communities through philanthropic efforts, volunteer work, and support for local businesses. In 2024, Valley National Bancorp contributed $3.2 million to various community programs.
• Financial Literacy: Offering educational resources and programs to improve financial literacy in the communities they serve.

Trusted Advice and Innovative Solutions

This underscores the importance of integrity and innovation in Valley National Bancorp’s approach to financial services. It focuses on:

• Expert Guidance: Providing customers with access to knowledgeable professionals who can offer sound financial advice.
• Product Innovation: Developing and implementing cutting-edge financial products and services that meet the changing needs of customers. Valley National Bancorp invested $28.7 million in technology and innovation in 2024.
• Ethical Standards: Maintaining the highest ethical standards in all business practices.

Unwavering Commitment to Their Success

This emphasizes Valley National Bancorp’s long-term dedication to its stakeholders. This involves:

• Long-Term Relationships: Building lasting relationships with customers based on trust and mutual respect.
• Stakeholder Value: Delivering value to shareholders through consistent financial performance and responsible corporate governance. In 2024, Valley National Bancorp reported a return on average assets (ROAA) of 0.85% and a return on average equity (ROAE) of 8.23%.
• Employee Development: Investing in employee training and development to ensure they have the skills and knowledge to serve customers effectively.

In essence, this vision statement encapsulates Valley National Bancorp’s ambition to be more than just a bank, aiming to be a trusted partner that empowers its customers and enriches the communities it serves. To learn more about Valley National Bancorp, check out: Valley National Bancorp (VLY): History, Ownership, Mission, How It Works & Makes Money

Valley National Bancorp (VLY) Core Values of

Valley National Bancorp's mission is to satisfy all of their stakeholders: customers, employees, communities, and shareholders. Their vision is to be the premier financial institution in the markets they serve, known for building long-term relationships and delivering superior customer service. Valley National Bancorp's core values are the fundamental beliefs upon which their business and relationships are based. These values guide their decisions and behavior.

Here's an exploration of Valley National Bancorp's core values, with examples of how they put these values into practice:

Integrity

Integrity at Valley National Bancorp means conducting business with honesty, transparency, and ethical behavior. It's about building trust with all stakeholders by adhering to the highest standards of professionalism.

Examples of Valley National Bancorp demonstrating integrity:

• Maintaining a strong compliance program to ensure adherence to all applicable laws and regulations.
• Upholding a code of conduct that guides employees in making ethical decisions.
• Providing transparent and accurate financial reporting.

Respect

Respect encompasses valuing diversity, treating everyone with dignity, and fostering an inclusive environment where different perspectives are welcomed and appreciated. It's about creating a workplace and a business environment where everyone feels valued and has the opportunity to succeed.

Examples of Valley National Bancorp demonstrating respect:

• Implementing diversity and inclusion initiatives to promote a diverse workforce.
• Offering equal opportunities for employment and advancement.
• Supporting community organizations that promote diversity and inclusion.

Service

Service is a commitment to providing exceptional customer experiences and exceeding expectations. It involves understanding customer needs and delivering solutions that meet those needs effectively and efficiently. It also extends to serving the communities where Valley National Bancorp operates.

Examples of Valley National Bancorp demonstrating service:

• Providing personalized banking services tailored to individual customer needs.
• Investing in technology to enhance the customer experience.
• Supporting local communities through charitable giving and volunteerism. For example, Valley National Bank contributed $1.6 million to support affordable housing and community development initiatives in 2023.

Teamwork

Teamwork involves collaborating effectively, sharing knowledge and resources, and working together to achieve common goals. It means fostering a supportive and collaborative environment where employees can thrive.

Examples of Valley National Bancorp demonstrating teamwork:

• Encouraging cross-functional collaboration to solve problems and develop innovative solutions.
• Providing training and development opportunities to enhance employee skills and knowledge.
• Recognizing and rewarding team achievements.

Excellence

Excellence is a dedication to continuous improvement, innovation, and achieving the highest standards of performance. It means striving to be the best in everything Valley National Bancorp does.

Examples of Valley National Bancorp demonstrating excellence:

• Investing in technology and innovation to improve efficiency and effectiveness.
• Implementing best practices in risk management and compliance.
• Monitoring performance metrics and striving to exceed targets.

Valley National Bancorp's dedication to these core values underscores its commitment to all stakeholders and its role as a leader in the financial industry. The bank's financial data reflects its commitment to stability and growth. As of the fiscal year 2024, Valley National Bancorp reported total assets of approximately $61 billion and net income available to common shareholders of $537 million. This financial performance is a testament to the bank's effective management and strategic initiatives, which are aligned with its core values.

To gain more insights into investor behavior and market dynamics related to Valley National Bancorp, consider exploring this resource: Exploring Valley National Bancorp (VLY) Investor Profile: Who’s Buying and Why?