Valley National Bancorp's stock surged 5.21% during early trading on Thursday, following the release of its first-quarter 2026 financial results.

The regional bank reported quarterly adjusted earnings of $0.29 per share, surpassing the IBES consensus estimate of $0.27. Revenue for the quarter reached $540.361 million, also beating analyst expectations of $531.1 million. The strong performance was driven by growth in net interest income, supported by lower average deposit costs and disciplined pricing, alongside healthy loan and deposit growth, particularly in commercial real estate and commercial & industrial segments.

Furthermore, the company's adjusted net income of $168.9 million significantly exceeded the consensus estimate of $153.2 million. CEO Ira Robbins highlighted the bank's success in growing low-cost core deposits, diversifying its loan portfolio, and investing in AI talent to enhance client experience and operational efficiency. These positive financial metrics and management's optimistic outlook are the primary catalysts behind the stock's significant intraday gain.