EX-99.1 2 dex991.htm INVESTOR PRESENTATION Investor Presentation
Investor Presentation
Exhibit 99.1

Information For Investors And Shareholders
This presentation contains forward-looking statements concerning Valley’s future business outlook, financial
condition and operating results.  Generally, the words "will," "may," "should," "continue," "believes,"
"expects," "anticipates" or similar expressions identify forward-looking statements.  Readers are advised not
to place undue reliance on these forward looking statements as they are influenced by certain risk factors and
unpredictable events.
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,
relationships, opportunities, taxation, technology and market conditions.  These statements may be identified
by such forward-looking terminology as “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 those factors disclosed in
Valley’s Current Report on Form 8-K furnished to the SEC on January 21, 2010, Quarterly Report on Form 10-Q
for the quarter ended September 30, 2009 and our Annual Report on Form 10-K for the year ended December
31, 2008. 
Valley disclaims any obligation to update or revise forward-looking statements for any reason.

Valley National Bank Today
About Valley
•
Regional Bank Holding Company
•
Over $14.3 Billion in Assets
•
Headquartered in Wayne, New
Jersey
•
38
Largest United States
Chartered Commercial Bank
–
Largest Commercial Bank
Headquartered in New Jersey
•
Operates 198 Branches in 135
Communities Serving 14 counties
throughout Northern and Central
New Jersey, Manhattan, Brooklyn
and Queens
•
Traded on the NYSE (VLY)
Unique Attributes
•
Consistent Shareholder Returns
•
Focus on Credit Quality
•
Proactive Balance Sheet
Management
•
Conservative Strategies
•
Affluent and Heavily Populated
Footprint
•
Strong Customer Service
•
Large Bank that Operates and
Feels Like a Small Closely Held
Company
•
Experienced Senior and Executive
Management
th

Shareholder Composition
•
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
•
Market Cap of $2.1 Billion
•
Approximately 200 institutional
holders
0%
20%
40%
60%
80%
100%
4Q 2009
Insider Ownership
Institutional Ownership
Retail Ownership
Source: Bloomberg as of 1/29/10

Footprint & Demographics
Valley’s Emerging NJ Market
Valley’s Core NJ Market
Branches Under Construction
Current Branches
Valley’s Core New Jersey Market
•
Total
Market
Deposits
-
$87.7
billion
•
Market
Average
Deposits
per
Branch
$76.0
million
•
Valley
Branches
–
134
•
Valley’s
Market
Share
–
6.63%
Valley’s Emerging New Jersey Market
•
Total
Market
Deposits
-
$57.1
billion
•
Market Average Deposits per Branch $68.2 million
•
Existing
Valley
Branches
–
38
•
Branches
Under
Construction
–
3
•
Valley’s
Market
Share
–
1.59%
Headquarters
$245 billion
$73,077
8.8 million
NJ Total
$74 billion
$61,436
2.9 million
Balance of NJ Marketplace
$171 billion
$78,074
5.9 million
Valley’s NJ Marketplace
Total Market
Deposits
Median HH
Income
Population
Region
Valley’s NJ Marketplace
Source: SNL Financial Inc. as of 06/2009

Footprint & Demographics
Valley’s Emerging Manhattan Market
•
Total Market Deposits -
$418.3 billion
•
Market Average Deposits per Branch $621.6 million
•
Existing Valley Branches –
14
•
Valley’s Market Share –
0.28%
Valley’s Emerging Queens Market
•
Total Market Deposits -
$41.3 billion
•
Market Average Deposits per Branch $96.3 million
•
Existing Valley Branches –
5
•
Valley’s Market Share –
0.17%
Valley’s Emerging Brooklyn/Kings Market
•
Total Market Deposits -
$34.1 billion
•
Market Average Deposits per Branch $99.6 million
•
Existing Valley Branches –
7
•
Branches Under Construction -
2
•
Valley’s Market Share –
0.58%
$288 billion
$52,640
13.0 million
Balance of NY Marketplace
$781 billion
$52,893
19.5 million
NY Total
$493 billion
$57,864
6.5 million
Valley’s NY Marketplace
Total Market
Deposits
Median HH
Income
Population
Region
Valley’s Emerging NYC Markets
Branches Under Construction
Current Branches
Source: SNL Financial Inc. as of 06/2009
Valley’s NY Marketplace

Valley’s 4Q 2009 Highlights
Credit Quality
Total 30+ day delinquencies were 1.61% of entire loan portfolio
Out of approximately 22,000 residential mortgages and home equity loans, on average,
only
220
loans
were
past
due
30
days
or
more
Net charge-offs were only $13.6 million or 0.58% of average total loans on an annualized basis
Total non-performing loans were only 0.98% of total loans
Net Income
4Q net income available to common shareholders was $28.6 million
$3.5 million in accrued preferred stock dividends and accretion ($0.02 Diluted EPS)
$2.3 million non-cash charge on change in fair value of Valley’s junior subordinated debt
($0.01 Diluted EPS)
Capital
Completed
our
registered
direct
offering
of
5
million
shares
for
net
proceeds
totaling
$63.7
million.
Exited TARP by repurchased the remaining $100 million ($300 million total) of our TARP
preferred stock.
No final decision has been made as to the repurchase of the outstanding warrant held by
the U.S. Treasury (2.4 million common shares at $18.66 per share)
Continued strong capital ratios
Tangible Common Equity to Risk-Weighted Assets of 8.71%

Asset and Loan Composition
Loans 65%
Securities 21%
Cash 5%
Other Assets*
7%
Intangible
Assets 2%
Total Assets = $14.3 Billion
As of 12/31/09
Commercial
Real Estate
37%
Residential
Mortgages
21%
Commercial
Loans 19%
Construction
Loans 5%
Auto Loans
11%
Other
Consumer
7%
Total Loans = $9.4 Billion
*Other Assets includes bank owned branch locations carried at a
cost estimated to be less than the current market value.

Strong Asset Cash Flow
Repricing
Earning Assets
40%
60%
42%
58%
44%
56%
49%
52%
46%
54%
0%
20%
40%
60%
80%
100%
2005
2006
2007
2008
2009
Repricing Within 1 Year
Repricing After 1 Year

Total Commercial Real Estate -
$3.4 Billion
As of 12/31/09
46%
1%
24
Other
2%
3%
6%
6%
11%
11%
13%
22%
25%
% of
Total
58%
52%
49%
61%
46%
49%
54%
53%
50%
Average
LTV
362
Mixed Use
370
Apartments
430
Office
743
Industrial
848
Retail
70
Land Loans
90
Residential
207
Specialty
233
Healthcare
$ Amount
(Millions)
Primary Property
Type
Diversified Commercial Real Estate Portfolio
25%
22%
13%
11%
11%
6%
6%
3%
2%
1%
-Average LTV based on current balances and original 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 $400 million in Construction loans.

27%
22%
18%
12%
6%
5%
4%
4%
2%
Total Retail Property Types -
$848 Million
43%
4%
Entertainment Facilities
52%
5%
Food Establishments
2%
4%
6%
12%
18%
22%
27%
% of
Total
53%
51%
30%
50%
56%
51%
50%
Average
LTV
Auto Dealership
Multi-Tenanted -
No Anchor
Single Tenant
Multi-Tenanted -
Anchor
Retail Property Type
Auto Servicing
Private Education Facilities
Private & Public Clubs
As of 12/31/09
Retail Composition of Commercial Real Estate
-Average LTV based on current balances and original appraised value
-The chart above does not include construction loans.

As of 12/31/09
15%
8%
4%
3%
2%
2%
1%
1%
51%
Construction Loan Composition
Total
Construction
Loans
-
$400
Million
1%
5
Industrial
1%
6
Specialty
2%
7
Healthcare
2%
10
Apartments
3%
12
Other
4%
17
Office
8%
30
Retail
13%
52
Land Loans
15%
59
Mixed Use
51%
202
Residential
% of
Total
$ Amount
(Millions)
Primary Property Type
-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.

0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Commercial Loans
Construction
Residential Mortgage
Commercial Real Estate
Home Equity
Automobile
30 Day + Delinquency Trend
% of loan category

Loan Quality  1992 -
2009
Source –
FDIC
Recession
Total Loan Portfolio
Non-Current Loans: Loans and leases 90 days or more past due
plus loans in non accrual status, as a percent of gross loans and leases.`
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Valley's Non-Current Loans to Total Loans
FDIC Insured Banks Non-Current Loans to Total Loans
Valley Net Charge-offs to Average Loans
FDIC
Insured
BanksNet
Charge-offs
to
Average
Loans

Loan Quality  1992 -
2009
Recession
Residential Mortgages
Valley’s elevated levels between 1993 and 1997 are mainly attributable to acquisitions.
Source –
FDIC
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Valley's Non-Current Loans to Total Loans
FDIC Insured Banks Non-Current Loans to Total Loans
Valley Net Charge-offs to Average Loans
FDIC Insured BanksNet
Charge-offs to Average Loans

Loan Quality  1992 -
2009
Valley’s elevated levels between 1993 and 1997 are mainly attributable to acquisitions.
Source –
FDIC
Recession
Home Equity
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
Valley's Non-Current Loans to Total Loans
FDIC Insured Banks Non-Current Loans to Total Loans
Valley Net Charge-offs to Average Loans
FDIC
Insured
BanksNet
Charge-offs to Average Loans

0.12%
0.32%
0.40%
1.01%
0.00%
0.14%
0.00%
0.46%
0.24%
0.57%
0.02%
0.08%
0.01%
0.18%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
Net Charge-offs to Average Loans (%)
Total Loans
Consumer
Home Equity
Construction &
Development
Commercial Loans
Commercial Real
Estate
1-4 Family
Peer Group
0.40%
1.24%
1.16%
2.11%
0.03%
0.96%
0.00%
2.93%
0.55%
1.83%
0.01%
0.40%
0.10%
0.90%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
Net Charge-offs to Average Loans (%)
Total Loans
Consumer
Home Equity
Construction &
Development
Commercial Loans
Commercial Real
Estate
1-4 Family
Valley
Net Charge-offs to Average Loans
Source -
SNL Financial As of 01/28/10
Peer group consists of banks with total assets between $3 billion and $50 billion.
2003 -
2008
2009 YTD

Investment Portfolio
Investment Portfolio
Corporate Debt
Private Label MBS
Other
State, County & Municipals
US Treasury
Trust Preferred
GSE MBS (FNMA/FHLMC)
GSE MBS (GNMA)
Investment Types
$3.1 Billion
$3.0 Billion
18%
3%
5%
4%
7%
5%
7%
8%
0%
9%
12%
13%
49%
28%
3%
30%
2007
2009
As of 12/31/09 and 12/31/07

Securities by Investment Grade
•
AAA Rated 71%
•
AA Rated 6%
•
A Rated 7%
•
BBB Rated 5%
•
Non Investment Grade 3%
•
Not Rated 8%
As of 12/31/09
AAA Rated
Not Rated
Non-investment
grade
A Rated
AA Rated
BBB Rated

Deposits and Borrowings Composition
Total Deposits
73%
Other
Liabilities 2%
Short-term
Borrowings 2%
Long-term
Borrowings
23%
Total Liabilities = $13.0 Billion
As of 12/31/09
Savings
43%
Non-
Interest
Bearing
25%
Time
Deposits
32%
Total Deposits = $9.5 Billion

Equity Composition / Ratios*
Tangible
Common
Equity 71%
Other Equity
1%
Trust Preferred
13%
Sub-debt 7%
LL Reserve 8%
Total Tier II Equity = $1.3 Billion
As of 12/31/09
$6.09
$8.19
8.14%
12.54%
10.64%
8.71%
6.68%
As Reported
Tangible Book Value
Book Value
Leverage
Tier II
Tier I
Tangible Common Equity /
Risk-Weighted Assets
Tangible Common Equity /
Tangible Assets
Capital Ratios
As Reported
Unrealized gain on facilities owned of approximately $200 million over
book, not incorporated in capital ratios reflected above.
*Non-GAAP reconciliations available on slide 25.

Shareholder Returns
(1)  All per share amounts have been adjusted retroactively for stock splits                                                    
and stock dividends during the periods presented.
(2) Net income includes other-than-temporary impairment charges on investment securities totaling $4.0 million,
$49.9 million, $10.4 million and $3.0 million, net of tax benefit, for 2009, 2008, 2007, and 2006, respectively.
Historical Financial Data (1)
(Dollars in millions, except for share data)
2009
14,284
$  
116.1
$  
0.67
$          
0.81
%
8.64
%
0.76
$              
5/09 -
5%
Stock Dividend
2008
14,718
93.6
0.67
0.69
8.74
0.76
5/08 -
5%
Stock Dividend
2007
12,749
153.2
1.15
1.25
16.43
0.76
5/07 -
5%
Stock Dividend
2006
12,395
163.7
1.21
1.33
17.24
0.74
5/06 -
5%
Stock Dividend
2005
12,436
163.4
1.23
1.39
19.17
0.72
5/05 -
5%
Stock Dividend
2004
10,763
154.4
1.22
1.51
22.77
0.70
5/04 -
5%
Stock Dividend
2003
9,873
153.4
1.21
1.63
24.21
0.66
5/03 -
5%
Stock Dividend
2002
9,148
154.6
1.17
1.78
23.59
0.63
5/02 -
5:4
Stock Split
2001
8,590
135.2
0.99
1.68
19.70
0.59
5/01 -
5%
Stock Dividend
2000
6,426
106.8
0.95
1.72
20.28
0.56
5/00 -
5%
Stock Dividend
1999
6,360
106.3
0.89
1.75
18.35
0.53
5/99 -
5%
Stock Dividend
1998
5,541
97.3
0.86
1.82
18.47
0.48
5/98 -
5:4
Stock Split
1997
5,091
85.0
0.78
1.67
18.88
0.41
5/97 -
5%
Stock Dividend
1996
4,687
67.5
0.69
1.47
17.23
0.37
5/96 -
5%
Stock Dividend
1995
4,586
62.6
0.63
1.40
16.60
0.35
5/95 -
5%
Stock Dividend
1994
3,744
59.0
0.70
1.60
20.03
0.34
5/94 -
10%
Stock Dividend
1993
3,605
56.4
0.68
1.62
21.42
0.27
4/93 -
5:4
Stock Split
1992
3,357
43.4
0.53
1.36
19.17
0.24
4/92 -
3:2
Stock Split
1991
3,055
31.7
0.39
1.29
15.40
0.23
1990
2,149
28.6
0.35
1.44
14.54
0.23
1989
1,975
36.0
0.44
1.92
19.93
0.22
Year End
Total Assets
Net Income
(2)
Common Stock Splits and Dividends
Diluted
Earnings Per
Common
Share
Return on
Average
Assets
Return on
Average
Equity
Cash Dividends
Declared Per
Common Share

$-
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
$0.80
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
Dividend Per Common Share
Dividend Growth Per Share

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

Non-GAAP disclosure reconciliations
($ in Thousands)
8.71%
TCE / RWA
6.68%
TCE / TA
Ratios
932,125
Total
Tangible
Shareholders’
Equity
(320,729)
Less: Goodwill & Other Intangible
Assets
$1,252,854
Total Equity
$10,702,224
Risk Weighted Assets
13,963,424
Total Tangible Assets
(320,729)
Less: Goodwill & Other Intangible
Assets
$14,284,153
Total Assets
As Reported
*All data as of 12/31/09
$6.09
Tangible Book Value
$932,125
Tangible Shareholder’s Equity
(320,729)
Less: Goodwill and Other Intangible
Assets
-
Less: Preferred Stock
$1,252,854
Shareholders’
Equity
152,987,903
Common Shares Outstanding
As Reported