Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series C (VLYPN)

FairStock Score: 67/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at this Series C preferred as a bank credit claim first. Valley National Bancorp is a regional bank; its earnings are improving—fiscal Q2 2026, ended 2026-06-30, net income was $170.9M and diluted EPS $0.29, versus $133.2M and $0.22 in fiscal Q2 2025. For FY2025 net income was $598.0M, EPS $1.01, up from $380.3M and $0.69 in FY2024, though FY2023 was stronger at $498.5M and $0.95. The five-year Lynch category is STALWART, with profit growth of about 8.9% a year. Those are respectable, not spectacular. FairStock shows ROE of 8.95% and price-to-book of 1.81 at the 2026-10-13 close. A bank earning below 10% on equity and trading above book does not scream bargain to me on common equity. The preferred yields 8.33% at $24.76, near its $25 par and close to the 52-week low of $24.55. That is attractive income, but it is non-cumulative: a skipped dividend does not have to be made up. It is also perpetual and fixed-rate reset, with reset terms not given. Bank leverage and credit risk matter more than the coupon; CET1, net interest margin, combined ratio, charge-offs, nonperforming assets, CRE concentration and preferred dividend coverage are not in the data. Piotroski F-Score of 5/9 is middling. Beta of 1.09 suggests some market sensitivity. Overall, the preferred looks fairly priced for its yield, but I would need the missing bank credit measures before calling the margin of safety strong.

In plain English: Valley National Bancorp is a regional bank that takes deposits and makes loans to businesses and consumers. The bank's profits have improved recently, but it still looks like a steady, moderate-return lender rather than a fast-growing standout. Its Series C preferred stock pays a high fixed dividend and trades just below its $25 face value; the price looks roughly in line with that income, though the dividend can be skipped if the bank runs into trouble.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer