© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. © 2016 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. 2
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; unexpected changes in
market interest rates for interest earning assets and/or interest bearing liabilities; less than expected cost savings from the maturity, modification or prepayment of
long-term borrowings that mature through 2022; further prepayment penalties related to the early extinguishment of high cost borrowings; less than expected cost
savings in 2016 and 2017 from Valley's branch efficiency and cost reduction plans; lower than expected cash flows from purchased credit-impaired loans; claims and
litigation pertaining to fiduciary responsibility, contractual issues, environmental laws and other matters; 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; 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); higher than expected loan losses within one or more segments of our loan portfolio;
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; unanticipated credit deterioration in 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; an unexpected decline in real estate values within our
market areas; changes in accounting policies or accounting standards, including the potential issuance of new authoritative accounting guidance which may increase
the required level of our allowance for credit losses; higher than expected income tax expense or tax rates, including increases resulting from changes in tax laws,
regulations and case law; 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; declines in value in our investment portfolio, including additional other-than-temporary impairment charges on our
investment securities; future goodwill impairment due to changes in our business, changes in market conditions, or other factors; 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; our inability to promptly adapt to technological changes; our internal controls
and procedures may not be adequate to prevent losses; the inability to realize expected revenue synergies from the CNL merger in the amounts or in the timeframe
anticipated; inability to retain customers and employees, including those of CNL; 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, 2015. 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.
© 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
Average Balance
Sheet & Other Items
3Q 2016 3Q 2015
Assets $22.1 billion $19.5 billion
Interest Earning Assets $19.9 billion $17.6 billion
Loans $16.6 billion $14.7 billion
Deposits $16.7 billion $14.6 billion
Shareholders’ Equity $2.3 billion $2.0 billion
Total Employees* 2,845 2,846
3
Overview of Valley National
Bancorp
Branches 209
ATMs 225
*Total employees reflects the full-time equivalent as of the date shown
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Valley National Bancorp
4
*Data as of November 8, 2016
Since the Bank was founded in 1927, Valley has never produced a losing quarter
Shareholder
Focus
Demographic
Focus
Core
Focus
• Balanced institutional and retail stock ownership
− More than 260 institutional holders or 56% of all shares
− Long-term investment approach
− Focus on cash dividends
• Large insider stock ownership including family members,
retired employees and retired directors
• Operations in three (3) of the most heavily populated states
• Concentrated in wealthy markets
• Customer centric culture with experienced commercial lenders
• Superior credit quality
• Measured growth strategies
• Seasoned management team
© 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
solid performance in a challenging
environment
• Reduce operating expenses by utilizing
technology to enhance and streamline the
operations and delivery channels
• Expand the customer base by leveraging
current infrastructure with emphasis on
Florida 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
6
178 Branches
NJ
64%
NY
22%
Loans
NJ
61%
NY
23%
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
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Florida Franchise
7
FL
14%
Loans
FL
16%
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
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 8
Valley’s 3Q 2016 Highlights
Loan Growth for Select Portfolios(1) Financial Highlights
• Net income of $42.8 million was up 10 percent
quarter over quarter and 19 percent year over year
• Net interest margin of 3.14 percent was unchanged
from the prior quarter and up 5 bps from a year ago
despite challenging environment
• Loans increased by $135.0 million or 3.3 percent on
an annualized basis
• Net interest income positively impacted by solid loan
growth and recently announced debt modifications
Operating Efficiency
• Closed 3 redundant FL branches in 3Q 2016 in
addition to the 28 originally announced in 2015
• Linked quarter decline in non-interest expense
positively impacted the efficiency ratio
Credit Quality
• NPAs decreased 16.7 percent to $51.0 million from
the prior quarter which represented 0.23 percent of
total assets
• Recognized $3.3 million in net loan charge-offs largely
due to one impaired C&I loan relationship
5%
15% 18%
1%
0%
5%
10%
15%
20%
25%
Commercial &
Industrial
CRE Construction Total Consumer
1.22%
0.23%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
Non-Performing Assets to Total Assets(2)
(1)Loan growth is the change from June 30, 2016 to September 30, 2016, annualized (2)Excludes Purchase Credit Impaired Loans
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 9
Diversified Funding Sources
Deposit Growth Trend ($, in billions)
11.4
14.3
16.3
17.0
2013 2014 2015 3Q 2016
Interest Bearing Non-Interest Bearing
14% CAGR
Betas & Change in Duration Indicate Less Sensitivity to Increase in Rates
Other
Deposits
39%
Continued focus on maintaining an attractive, stable funding base with less sensitivity to
changes in the int rest rate environment
Attractive Deposit Composition (3Q 2016)
Business
Non-Interest
25%
Retail Non-Interest, 8%
Retail MMDA, 7%
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) 0.137 6.11 5.95 5.77
NOW ex Government, 6%
Savings & IRA, 11%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 10
Branch Efficiency & Cost Reduction Plans
1. Expected Impact of Branch Efficiency Plan 2. Cost Reduction Plan to Yield Added Efficiencies
• Realized $11 million reduction in annual operating
expense through end of 3Q 2016 compared to
$4.5 million expected at date of announcement(1)
• Closed a total of 31 branches through September
30, 2016 more than the 28 originally announced
• Continued evaluation of customer delivery
channels, branch usage patterns, and other factors
Cumulative Net Reduction in Annual
Operating Expense by Announced Plan(1)
Expense Discipline Improving Efficiency(2)
• Realized $8.5 million reduction in annual operating
expense through end of 2Q 2016 compared to $5
million expected at date of announcement(1)
• Streamline various aspects of Valley’s business
model, staff reductions and further utilization of
technological enhancements
• Efficiency ratio declined approximately 420 basis
points from 63.8% last quarter to 59.6% in 3Q
2016(2)
$9.5
$8.5
$1.5
$19.5
2Q '15 Branch
Efficiency
2Q '15 Cost
Reduction
2Q '16 Branch
Reduction
Progress
Realized
Reduction
in Op Ex
through
3Q 2016
74%
65%
60% 60%
58%
62%
66%
70%
74%
FY 2015 1H 2016 2H 2016 FY 2017
(1)Operating expense presented on a pre-tax basis (2)Actual and estimated efficiency ratio is total non-interest expense less
amortization of tax credit investments divided by net interest income plus non-interest income
~
~
~ ~
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Average Net Charge-Offs to Loans by Category
0.07%
0.46%
0.26%
0.06% 0.07%
0.42%
0.19%
0.29%
1.15%
1.59%
0.45%
0.52%
1.37%
0.71%
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)
11
Data as of November 8, 2016
Peer group inc udes banks between $10 billion and $50 billion in assets
Average net charge-offs from 2003 through 2016 well anchored below peers
demonstrating Valley’s prudent risk management practices
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Capital Profile
1
0
6
.7
1
0
8.
4
1
0
7
.7
1
1
0
.4
1
1
2
.9
8
7
.3
1
1
7
.0
1
1
4
.2
1
1
0
.5
1
0
6
.3
50
60
70
80
90
100
110
120
9/30/15 12/31/15 3/31/16 6/30/16 9/30/16
Allowance for Credit Loss Fair Value Adjustment
Millions
0.71% 0.68% 0.67% 0.67% 0.68%
0.58%
0.73% 0.71% 0.67% 0.64%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
9/30/15 12/31/15 3/31/16 6/30/16 9/30/16
Allowance for Credit Loss Fair Value Adjustment
1
2
.4
3
%
1
2
.0
2
%
1
1
.7
9
%
1
1
.6
9
%
1
1
.6
4
%
9
.9
3
%
9
.7
2
%
9
.4
6
%
9
.3
9
%
9
.3
6
%
9
.1
8
%
9
.0
1
%
8
.8
1
%
8
.7
4
%
8
.7
3
%
4%
6%
8%
10%
12%
9/30/15 12/31/15 3/31/16 6/30/16 9/30/16
Total RBC Tier 1 CET1
• Solid loan growth negatively impacted
capital ratios in the quarter
• Capital ratios remain well above internal
and regulatory minimums
12
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
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Valley National Bancorp
Appendix
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Loans,
75%
Securities,
14%
Cash,
2%
Intangible
Assets, 3%
Total Other
Assets, 6%
Asset & Loan Composition
14
Commercial
Real Estate,
50%
Residential
Mortgages,
17%
Commercial
Loans, 15% Auto Loans,
7%
Other
Consumer,
6%
Construction,
5%
*Total Other Assets include bank owned branch locations carried at a cost estimated by management to be less than the
current market value. Totals may not qual 100 percent due to rounding.
3Q 2016 Balance Sheet Mix ($22.4 billion) Composition of Loan Portfolio ($16.7 billion)
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Total Commercial Real Estate - $8.4 Billion
(Includes both Covered and Non-Covered Loans)
17%
13%
12%
12%
12%
4%
4%
3%
2% 2%
19%
-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 $722 Million in Construction loans. Construction composition displayed separately in presentation.
Commercial Real Estate
15
As of September 30, 2016
Primary Property Type
$ Amount
(Millions) % of Total
Avg
2012 3Q
Avg LTV LTV
Retail 1,602 19% 53% 50%
Apartments 1,464 17% 59% 39%
Mixed Use 1,119 13% 54% 46%
Coop Mortgages 983 12% 11% N/A
Industrial 1,005 12% 52% 51%
Office 995 12% 54% 51%
Healthcare 330 4% 55% 59%
Specialty 346 4% 45% 49%
Other 236 3% 44% 34%
Residential 204 2% 56% 56%
Land Loans 123 2% 56% 65%
Total $8,407 100% 50%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
Total Retail Property Types - $1.6 Billion
29%
26%
24%
8%
6%
4% 2%
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
16
As of September 30, 2016
Retail Property Type
% of Avg
2012 3Q
Avg LTV Total LTV
Single Tenant 29% 53% 52%
Multi-Tenanted - Anchor 26% 54% 51%
Multi-Tenanted – No
Anchor
24% 55% 53%
Auto Dealership 8% 50% 50%
Other 6% N/A N/A
Food Establishments 4% 53% 54%
Entertainment Facilities 2% 47% 55%
Auto Servicing 1% 48% 48%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender.
30%
20%
17%
16%
7%
4%
4%
2%
Composition of Construction
17
Total Construction Loans - $722 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 September 30, 2016
Primary Property Type $ Amount
(Millions)
% of
Total
2012 3Q
% of Total
Apartments 212 30% 14%
Mixed Use 147 20% 10%
Land Loans 125 17% 12%
Residential 117 16% 36%
Retail 48 7% 17%
Healthcare 30 4% 2%
Other 27 4% 5%
Specialty 16 2% 4%
Total $722 100%
© 2010 Valley National Bank. Member FDIC. Equal Opportunity Lender. 18
For More Information
Log onto our web site: www.valleynationalbank.com
E-mail requests to: tscortes@valleynationalbank.com
Call Shareholder Relations at: (973) 305-3380
Write to: Valley National Bank
1455 Valley Road
Wayne, New Jersey 07470
Attn: Tina Cortes, Shareholder Relations Specialist
Log onto our website above or www.sec.gov to obtain free copies of documents
filed by Valley with the SEC