VALLEY NATIONAL BANCORP 8-K

What Happened
Valley National Bancorp announced on February 24, 2026 that its Board of Directors approved a new share repurchase program authorizing repurchases of up to 25 million shares of common stock. The 2026 Share Repurchase Program will become effective April 27, 2026 and will replace the current program, which is set to expire April 26, 2026 unless ended sooner.

Key Details

• Authorized amount: Up to 25,000,000 shares of common stock.
• Effective / expiration dates: Effective April 27, 2026; program will expire April 27, 2028.
• Replacement: Replaces existing program that expires April 26, 2026 (unless terminated earlier).
• Discretionary timing: Repurchases (timing and quantity) depend on share price, market and business conditions, and other investment opportunities; the program may be suspended or discontinued at any time.

Why It Matters
A board‑approved repurchase program signals the company plans to return capital to shareholders and gives management a tool to buy shares when they deem it appropriate. Share buybacks can reduce shares outstanding, which may support earnings per share and total shareholder value if and when the company executes repurchases. However, the filing does not commit to any specific purchases or timing, so investors should not assume immediate or guaranteed repurchases.