Valley National Bancorp (VLY) 8-K Regulation FD Disclosure

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Investor Presentation

Exhibit 99.1

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

2

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:

a

severe

decline

in

the

general

economic

conditions

of

New

Jersey

and

the

New

York

Metropolitan

area;

larger

than

expected

reductions

in

our

loans

originated

for

sale

or

a

slowdown

in

new

and

refinanced

residential

mortgage

loan

activity;

unexpected

changes

in

market

interest

rates

for

interest

earning

assets

and/or

interest

bearing

liabilities;

government

intervention

in

the

U.S.

financial

system

and

the

effects

of

and

changes

in

trade

and

monetary

and

fiscal

policies

and

laws,

including

the

interest

rate

policies

of

the

Federal

Reserve;

our

inability

to

pay

dividends

at

current

levels,

or

at

all,

because

of

inadequate

future

earnings,

regulatory

restrictions

or

limitations,

and

changes

in

the

composition

of

qualifying

regulatory

capital

and

minimum

capital

requirements

(including

those

resulting

from

the

U.S.

implementation

of

Basel

III

requirements);

declines

in

value

in

our

investment

portfolio,

including

additional

other-than-temporary

impairment

charges

on

our

investment

securities;

unexpected

significant

declines

in

the

loan

portfolio

due

to

the

lack

of

economic

expansion,

increased

competition,

large

prepayments

or

other

factors;

unanticipated

credit

deterioration

in

our

loan

portfolio;

higher

than

expected

increases

in

our

allowance

for

loan

losses;

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;

higher

than

expected

tax

rates,

including

increases

resulting

from

changes

in

tax

laws,

regulations

and

case

law;

an

unexpected

decline

in

real

estate

values

within

our

market

areas;

higher

than

expected

FDIC

insurance

assessments;

the

failure

of

other

financial

institutions

with

whom

we

have

trading,

clearing,

counterparty

and

other

financial

relationships;

lack

of

liquidity

to

fund

our

various

cash

obligations;

unanticipated

reduction

in

our

deposit

base;

potential

acquisitions

that

may

disrupt

our

business;

legislative

and

regulatory

actions

(including

the

impact

of

the

Dodd-Frank

Wall

Street

Reform

and

Consumer

Protection

Act

and

related

regulations)

subject

us

to

additional

regulatory

oversight

which

may

result

in

higher

compliance

costs

and/or

require

us

to

change

our

business

model;

changes

in

accounting

policies

or

accounting

standards;

our

inability

to

promptly

adapt

to

technological

changes;

our

internal

controls

and

procedures

may

not

be

adequate

to

prevent

losses;

claims

and

litigation

pertaining

to

fiduciary

responsibility,

environmental

laws

and

other

matters;

the

inability

to

realize

expected

revenue

synergies

from

recent

acquisitions

in

the

amounts

or

in

the

timeframe

anticipated;

inability

to

retain

customers

and

employees;

lower

than

expected

cash

flows

from

purchased

credit-impaired

loans;

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;

and

other

unexpected

material

adverse

changes

in

our

operations

or

earnings.

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,

2012.

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.

Forward Looking Statements

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Valley National Bancorp

•

Focus on credit quality

•

Conservative growth strategies

•

Never had a losing quarter

•

Affluent and heavily populated

footprint

•

Strong customer service

•

Experienced senior and executive

management

•

Large percentage of retail

ownership

–

Long-term investment approach

–

Focus on cash and stock

dividends

•

Large insider ownership, family

members, retired employees and

retired directors

•

Approximately 283 institutional

holders  or 46% of all shares held*

Our Approach

3

*Source: Bloomberg as of  10/30/2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Valley National Bancorp

•

Traded on the NYSE (VLY)

•

Regional Bank Holding Company

•

Headquartered in Wayne, NJ

•

204 Branches

Corporate Profile

–

Northern NJ

–

Central NJ

–

Manhattan

–

Brooklyn

–

Queens

–

Long Island

As of 9/30/2013

Total Assets

$16.0 billion

Total Net Loans

$11.3 billion

Total Deposits

$11.1 billion

Market Cap

$2.0 billion*

*Source: Bloomberg as of  10/30/2013

As of 9/30/2013

4

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Valley’s 3Q 2013 Highlights

3Q Highlights

•

Total non-covered loans increased $534.5

million or 19.9% on an annualized basis

•

3Q NIM increased by 5 bps to 3.20%

•

4Q 2013 sale of previously impaired TRUP

security will result in a $10.7 million realized

gain in 4Q 2013

Non-Performing Assets

<1>

Dashboard

<1>Excludes Covered Loans

<2>Projection based on 4Q sale of non-accrual debt securities carried at  $48.3 million

As of 9/30/2013

5

Linked Quarter Loan Growth*

*Non-Covered Loans, annualized

Capital Actions

•

Redeemed $15.0 million of 7.75% Trust Preferred

Securities during 3Q 2013

•

Issued $125.0 million of Subordinated Debt at

5.125% during 3Q 2013.  Simultaneously entered

into a FV hedge reducing effective cost to 2.56%

(1-month LIBOR plus 238 bps)

•

Redeemed remaining $127.3 million of 7.75%

Trust Preferred Securities during 4Q 2013

<2>

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Asset & Loan

Composition

Total Assets

$16.0 Billion

Non-Covered Loans (Gross)

$11.3 Billion

<1> Other Assets includes bank owned branch locations carried at

a

cost estimated by management to be significantly less than the

current market value.

<2> Loans subject to loss sharing agreements with the FDIC

As of 9/30/2013

6

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

New Loan Originations

Trend

4 year average increase between 2010 –

2013

*Annualized

As of 9/30/2013, excludes purchased loans

7

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Total CRE -

$4.8 Billion

(Includes both Covered and Non-Covered Loans)

Primary

Property Type

$ Amount

(Millions)

% of

Total

Avg

LTV

2009

Avg LTV

Apartments

1,238

26%

36%

47%

Retail

1,065

22%

51%

51%

Industrial

763

16%

52%

55%

Office

520

11%

49%

54%

Mixed Use

462

9%

46%

46%

Healthcare

290

6%

60%

63%

Specialty

257

5%

47%

50%

Land Loans

109

2%

64%

58%

Residential

90

2%

50%

53%

Other

47

1%

39%

45%

8

-Average LTV based on current balances and most recent appraised value.

-

LTV calculation excludes Covered Loans.

-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 $407 million in construction loans.

Commercial Real Estate (CRE)

Diversified Portfolio

As of 9/30/2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Total Retail Property Types -

$1.1 Billion

(Non-Covered Loans)

Retail Property Type

% of

Total

Avg

LTV

2009

Avg LTV

Multi-Tenanted -

No

Anchor

24%

54%

57%

Multi-Tenanted -

Anchor

23%

52%

50%

Single Tenant

22%

50%

53%

Auto Dealership

9%

50%

53%

Private & Public Clubs

8%

37%

33%

Food Establishments

5%

54%

50%

Entertainment Facilities

4%

53%

44%

Private Education

Facilities

3%

45%

52%

Auto Servicing

2%

48%

56%

-Average LTV based on current balances and most recent appraised value

-The chart above excludes construction loans.

9

Retail Composition

Commercial Real Estate

As of 9/30/2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Primary Property

Type

$ Amount

(Millions)

% of Total

2009 % of

Total

Residential

136

33%

47%

Apartments

78

19%

5%

Retail

67

17%

11%

Land Loans

45

11%

13%

Mixed Use

38

9%

11%

Specialty

11

3%

2%

Healthcare

14

3%

2%

Other

18

5%

9%

10

Composition

Construction Loan

Total Construction Loans -

$407 Million

(Non-Covered Loans)

-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 9/30/2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Asset Quality

2003 –

2013 Average Net Charge-offs

Source: SNL Financial data as of 11/4/2013

Peer group includes banks between $3 billion and $50 billion in assets

As of 9/30/2013

11

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Investment Portfolio

By Investment Grade

Key Comments

Key Highlights & Composition

Investment Grade

2013

AAA

69%

AA

11%

A

3%

BBB

5%

Non Investment Grade

3%

Not Rated

9%*

Investment Type

2009

2013

GSE MBS (GNMA)

30%

30%

GSE MBS (FNMA/FHLMC)

28%

24%

State, County, Municipals

8%

17%

Trust Preferred

13%

8%*

Other

5%

7%

US Treasury

9%

7%

Corporate Bonds

3%

6%

Private Label MBS

4%

1%

By Investment Type

As of 9/30/2013

12

*Not adjusted to reflect 4Q 2013 sale of impaired securities of $48.3 million

•

$2.6 billion investment portfolio

•

As part of Valley’s macro asset/liability

strategy, the bank continues to manage the

duration of its investment portfolio

•

No OTTI recognized YTD 2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Liability & Deposit

Composition

Total Liabilities*

$14.5 Billion

Total Deposits

$11.1 Billion

As of 09/30/2013

13

*includes junior subordinated debentures issued to capital trusts (of which debentures with a carrying value of $132.4 million were redeemed in 4Q 2013)

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Deposits & Borrowings

Non-Interest Bearing Deposits

Key Comments

Cost of Long Term Borrowings

Key Highlights and Comments

•

3Q 2013 total cost of interest bearing

deposits declined 2 basis points to 0.61%

from 2Q 2013

•

3Q 2013 total cost of interest bearing

liabilities declined 1 basis point to 1.57% from

2Q 2013

*Period Ending Balances as % of Total Period Ending Deposits

14

As of 09/30/2013

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Significant estimated unrealized gains on the fair value of facilities, referenced

in slide 6, are not reflected in capital ratios above.

*Adjusted for the 4Q 2013 redemption of $127.3 million of our $171.3 million

in trust preferred securities

Capital Ratios

As of

9/30/13

Adjusted

9/30/13*

“Well

Capitalized”

Tangible Common Equity

/ Tangible Assets

6.79%

6.79%

N/A

Tangible Common Equity

/ Risk-Weighted Assets

9.02%

9.02%

N/A

Tier I Common Ratio

9.17%

9.17%

N/A

Tier I

10.64%

9.55%

6.00%

Tier II

12.87%

11.78%

10.00%

Leverage

8.03%

7.20%

5.00%

Book Value

$7.62

$7.62

N/A

Tangible Book Value

$5.28

$5.28

N/A

Regulatory Capital

Composition & Ratios

As of 9/30/2013

Non-GAAP reconciliations shown on slides 18 and 19

15

Tier I Common

Capital 71%

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Shareholder Returns

16

Historical Financial Data (1)

(Dollars in millions, except for share data)

YTD 9/2013

15,977

$   

92.4

$      

$0.46

0.77

%

8.12

%

$0.49

N/A

N/A

2012

16,013

143.6

0.73

0.91

9.57

0.65

5/12 -

5%

Stock Dividend

2011

14,253

132.5

0.74

0.93

10.11

0.66

5/11 -

5%

Stock Dividend

2010

14,151

130.0

0.73

0.92

10.23

0.65

5/10 -

5%

Stock Dividend

2009

14,291

114.8

0.57

0.80

8.55

0.66

5/09 -

5%

Stock Dividend

2008

14,724

92.3

0.57

0.68

8.61

0.66

5/08 -

5%

Stock Dividend

2007

12,749

153.2

1.00

1.25

16.43

0.65

5/07 -

5%

Stock Dividend

2006

12,395

163.7

1.04

1.33

17.24

0.64

5/06 -

5%

Stock Dividend

2005

12,436

163.4

1.06

1.39

19.17

0.62

5/05 -

5%

Stock Dividend

2004

10,763

154.4

1.05

1.51

22.77

0.60

5/04 -

5%

Stock Dividend

2003

9,873

153.4

1.05

1.63

24.21

0.57

5/03 -

5%

Stock Dividend

2002

9,148

154.6

1.01

1.78

23.59

0.54

5/02 -

5:4

Stock Split

2001

8,590

135.2

0.85

1.68

19.70

0.51

5/01 -

5%

Stock Dividend

2000

6,426

106.8

0.82

1.72

20.28

0.48

5/00 -

5%

Stock Dividend

1999

6,360

106.3

0.77

1.75

18.35

0.45

5/99 -

5%

Stock Dividend

1998

5,541

97.3

0.74

1.82

18.47

0.41

5/98 -

5:4

Stock Split

1997

5,091

85.0

0.68

1.67

18.88

0.36

5/97 -

5%

Stock Dividend

Period Ended

(2)

Total Assets

Net Income

(3)

Common Stock Splits and Dividends

Diluted

Earnings Per

Common

Share

Return on

Average

Assets

Return on

Average

Equity

Cash Dividends

Declared Per

Common Share

All

per

share

amounts

have

been

adjusted

retroactively

for

stock

splits

and

stock

dividends

during

the

periods

presented.

Data

for

the

years

prior

to

2001

in

the

table

above

exclude

certain

prior

year

results

for

merger

transactions

accounted

for

using

the

pooling-of-interests

method.

Previously

reported

results

for

2011,

2010,

2009

and

2008

have

been

revised

to

reflect

an

increase

in

non-interest

expense,

which

after

taxes,

reduced

net

income

by

$1.1

million,

$1.2

million,

$1.2

million

and

$1.3

million,

respectively,

and

reduced

basic

and

diluted

earnings

per

common

share

by

$0.01

for

each

of

these

years.

Total

assets

and

the

other

statistical

data

presented

in

the

table

have

been

revised

accordingly.

Net

income

includes

other-than-temporary

impairment

charges

on

investment

securities,

net

of

tax

benefit,

totaling

$3.0

million,

$12.2

million,

$2.9

million,

$4.0

million,

$49.9

million,

$10.4

million,

and

$3.0

million

for

the

years

ended

2012,

2011,

2010,

2009,

2008,

2007,

and

2006,

respectively.

(1)

(2)

(3)

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

For More Information

Log onto our web site:   www.valleynationalbank.com

E-mail requests to:   dgrenz@valleynationalbank.com

Call Shareholder Relations at: (973) 305-3380

Write to:  Valley National Bank

1455 Valley Road

Wayne, New Jersey 07470

Attn:     Dianne M. Grenz, First Senior Vice President

Director of Marketing, Shareholder & Public Relations

Log onto our website above or www.sec.gov to obtain free copies of documents

filed by Valley with the SEC

17

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

Total Equity

$1,520,056

Total Assets

$15,976,943

Plus: Net unrealized losses on securities

          available for sale, net of tax

13,436

Less: Goodwill & Other Intangible Assets

(466,193)

Plus: Accumulated net losses on cash

         flow hedges, net of tax

10,547

Total Tangible Assets  (TA)

$15,510,750

Plus: Defined benefit pension plan

         net assets, net of tax

14,187

Total Equity

$1,520,056

Less: Goodwill, net of tax

(427,392)

Less: Goodwill & Other Intangible Assets

(466,193)

Less: Disallowed other intangible assets

(14,060)

Total Tangible Common Equity (TCE)

$1,053,863

Less: Disallowed deferred tax assets

(45,719)

Tier I Common Capital

$1,071,055

Ratios

Plus: Trust preferred securities

171,313

TCE / TA

6.79%

Total Tier I Capital

$1,242,368

TCE / RWA

9.02%

Plus: Qualifying allowance for credit losses

$116,075

Plus: Qualifying sub debt

145,000

Tier I (Total Tier I / RWA)

10.64%

Total Tier II Capital

$1,503,443

Tier II (Total Tier II / RWA)

12.87%

Risk Weighted Assets (RWA)

$11,678,126

Tier I Common Capital Ratio

(Tier 1 Common /RWA)

9.17%

9/30/2013

Non-GAAP Disclosure Reconciliations

($ in Thousands)

18

©

2013  Valley National Bank. Member FDIC. Equal Opportunity Lender.  All Rights Reserved.

9/30/2013

Non-GAAP Disclosure Reconciliations

($ in Thousands)

Common Shares Outstanding

199,450,531

Shareholders’ Equity

$1,520,056

Less: Goodwill and Other

          Intangible Assets

(466,193)

Tangible Shareholders’ Equity

$1,053,863

Tangible Book Value

$5.28

19