2 Q 2 2 E a r n i n g s P r e s e n t a t i o n J u l y 2 8 , 2 0 2 2 Exhibit 99.2

Forward Looking Statements This presentation 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 our business, 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: the inability to realize expected cost savings and synergies from the Bank Leumi USA acquisition in amounts or in the timeframe anticipated; greater than expected costs or difficulties relating to Bank Leumi USA integration matters; the inability to retain customers and qualified employees of Bank Leumi USA; greater than expected non-recurring charges related to the Bank Leumi USA acquisition; the continued impact of COVID-19 on the U.S. and global economies, including business disruptions, reductions in employment, supply chain interruptions and an increase in business failures, specifically among our clients; the continued impact of COVID-19 on our employees and our ability to provide services to our customers and respond to their needs as more cases and new variants of COVID-19 may arise in our primary markets; continued deterioration in general business and economic conditions or turbulence in domestic or global financial markets; the impact of forbearances or deferrals we are required or agree to as a result of customer requests and/or government actions, including, but not limited to our potential inability to recover fully deferred payments from the borrower or the collateral; the risks related to the discontinuation of the London Interbank Offered Rate and other reference rates, including increased expenses and litigation and the effectiveness of hedging strategies; damage verdicts or settlements or restrictions related to existing or potential class action litigation or individual litigation arising from claims of violations of laws or regulations, contractual claims, breach of fiduciary responsibility, negligence, fraud, environmental laws, patent or trademark infringement, employment related claims, and other matters; a prolonged downturn in the economy, mainly in New Jersey, New York, Florida, Alabama, California, and Illinois, as well as an unexpected decline in commercial real estate values within our market areas; higher or lower than expected income tax expense or tax rates, including increases or decreases resulting from changes in uncertain tax position liabilities, tax laws, regulations and case law; the inability to grow customer deposits to keep pace with loan growth; a material change in our allowance for credit losses under CECL due to forecasted economic conditions and/or unexpected credit deterioration in our loan and investment portfolios; the need to supplement debt or equity capital to maintain or exceed internal capital thresholds; greater than expected technology related costs due to, among other factors, prolonged or failed implementations, additional project staffing and obsolescence caused by continuous and rapid market innovations; the loss of or decrease in lower-cost funding sources within our deposit base, including our inability to achieve deposit retention targets under Valley's branch transformation strategy; cyber-attacks, ransomware 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 Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank (FRB), the Consumer Financial Protection Bureau (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, reimburse customers, change the way we do business, or limit or eliminate certain other banking activities; our inability or determination not to pay dividends at current levels, or at all, because of inadequate earnings, regulatory restrictions or limitations, changes in our capital requirements or a decision to increase capital by retaining more earnings; unanticipated loan delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on our business caused by severe weather, the COVID-19 pandemic or other external events; and 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. 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, 2021. 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.

3 2Q22 1Q22 2Q21 2Q22 1Q22 2Q21 Net Income ($mm) $96.4 $116.7 $120.5 $165.8 $120.3 $126.6 Return on Average Assets Annualized 0.72% 1.07% 1.17% 1.25% 1.10% 1.23% Return on Average Assets, ex. PPP 1 Annualized 0.71% 1.03% 1.04% 1.23% 1.06% 1.10% Efficiency Ratio (Non-GAAP) -- -- -- 50.8% 53.2% 46.6% Diluted Earnings Per Share $0.18 $0.27 $0.29 $0.32 $0.28 $0.30 Pre-Provision Net Revenue 2 ($mm) $177.0 $159.6 $172.1 $234.6 $167.1 $183.6 PPNR / Average Assets 2 Annualized 1.33% 1.47% 1.67% 1.76% 1.53% 1.78% GAAP Reported Non-GAAP Adjusted 1 1 Please refer to the Non-GAAP Disclosure Reconciliation on pages 16 – 20. 2 Pre-provision net revenue equals net interest income plus total non-interest income less total non-interest expense; PPNR / Avg. Assets is presented on an annualized basis; Please refer to the Non-GAAP Disclosure Reconciliation on pages 16 - 20 2Q 2022 Highlights Significant increase in adjusted earnings and profitability metrics as a result of organic growth and the acquisition of Bank Leumi USA. 20%+ linked-quarter annualized loan growth reflecting strength across geographies and asset classes. Strong core deposit growth and beneficial funding mix-shift with non-interest deposits increasing to 37% of deposits.

4 Strategic Execution Drives Sustainable Growth 1 37 54 4Q19 2Q22 Total Assets ($bn) 0.55 1.13 4Q19 2Q22 ACL / Loans (%) 7.5 7.5 4Q19 2Q22 TCE / TA (%) 1 Please refer to the Non-GAAP Disclosure Reconciliation on pages 16 - 20 Balanced Execution on Organic and Acquisitive Opportunities — 9% organic loan CAGR since 4Q19 (non-PPP) — 8% organic deposit CAGR — Acquisitions of The Westchester Bank (~$1bn) and Bank Leumi USA (~$8bn) enhance funding based and future growth opportunities. Diverse Balance Sheet With Multiple Growth Engines — Strategically-positioned around the country’s most dynamic commercial markets. — Granular commercial loan portfolio is well-diversified by geography and asset class. — Strategic funding initiatives have contributed to low-cost core account generation. Enhanced Reserve Coverage While Maintaining Stringent Underwriting Standards — Preserving historical underwriting standards that have led to below-peer credit losses across economic cycles. — Significant lending activity with strong and sophisticated clients that are well-known to Valley. Internal Capital Generation Poised to Accelerate Further — Stable TCE / TA supporting $17bn asset growth and approximately $300mm annualized increase in earnings power. — TCE has increased nearly $1.2bn since 4Q19. 30 44 4Q19 2Q22 Gross Loans ($bn) 29 44 4Q19 2Q22 Total Deposits ($bn)

5 Enhancing Profitability Through Execution 1 90.7 165.8 4Q19 2Q22 Adj. Net Income ($mm) 1.03 1.25 4Q19 2Q22 Adj. ROA (%) 52.4 50.8 4Q19 2Q22 Efficiency Ratio (%) 1 Please refer to the Non-GAAP Disclosure Reconciliation on pages 16 - 20 Substantial Acceleration of Earnings Power — 80%+ increase in adjusted earnings (exclusive of non-PCD provision) since 4Q19 equating to approximately $300mm on an annualized basis. — Balance of organic and acquisitive efforts have contributed to the earnings increase. Profitability Ratios Have Become Significantly More Competitive — Annualized ROAA expansion of over 20bps since 4Q19. — Driven by NIM enhancement and strong non-interest income growth. Revenue Growth Justifies Investment Efforts — Efficiency ratio has improved over 150bp since 4Q19. — Industry-leading efficiency ratio with opportunities to improve further.

6 Organic Loan Growth (Annualized) 1 Net Interest Income Non-GAAP Efficiency Ratio 1 Tax Rate Updating Guidance for 2H22 8% - 10% ~$900mm Below 50% 27% - 28% YTD 2Q22 Actual Expected 2H22 21% $736mm 51.8% 26.3% 1 Refer to the appendix on pages 16 – 20 regarding non-GAAP financial measures. Sums may be inconsistent due to rounding.

7 Multifamily 17% Non Owner-Occupied CRE 25% Healthcare CRE 3% Owner-Occupied CRE 9% C&I 19% C&I (PPP) 0%Consumer 7% Residential R.E. 12% Construction 8% CRE 45% C&I 28% Other 27% New Loan Originations ($bn) 1 Balances tied to legacy Leumi as of 6/30/22. 2 Based on acquired loan balances at date of acquisition. 3 Loan classifications according to call report schedule which may not correspond to classifications outlined in earnings release. 3 CRE includes multifamily, non-owner occupied CRE and healthcare CRE; C&I includes owner-occupied CRE and C&I; Other includes construction, residential RE and Consumer Consistent Balance of Organic and Acquired Growth 2Q22 Loan Composition 3, 4 Gross Loans ($bn) $35.4 $37.2 $6.4 $43.6 1Q22 2Q22 Valley Leumi Loan CAGR 2016 – 2Q22 1 Annualized 2Q22 Growth Leumi: +26% Valley: +21% $2.6 $1.9 $2.5 $2.6 $2.8 $0.8 $3.6 3.32% 3.37% 3.23% 3.32% 4.08% 3.87% 3.79% 3.83% 3.67% 3.91% 2Q21 3Q21 4Q21 1Q22 2Q22 Legacy Valley Leumi New Origination Rate Avg. Portfolio Rate 10.1% 18.4% Organic Total

8 Enhanced Deposit Composition and Growth Profile Deposit Balance Trends ($bn) 20.3 23.6 11.9 16.1 3.4 4.2 35.6 43.9 1Q22 2Q22 Savings & Interest Checking Non-Interest Time 10% 33% 57% 9% 37% 54% Deposit Cost Trends (%) 0.21% 0.18% 0.15% 0.14% 0.19% 0.25% 0.23% 0.20% 0.19% 0.30% 0.54% 0.43% 0.36% 0.32% 0.36% 2Q21 3Q21 4Q21 1Q22 2Q22 Total Deposits Savings, NOW, MMA Time Legacy Valley deposits increased approximately $1.5 billion, or over 4% during 2Q22. Non-interest bearing deposits increased $4.2 billion during the quarter, to 37% of total deposits, supported by $3.9 billion from legacy Leumi. Persistent focus on commercial checking growth with legacy Valley accounts up 8% since 2Q21.

9 Net Interest Income Analysis 2Q21 3Q21 4Q21 1Q22 2Q22 Net Interest Income (FTE) 301.8 301.7 316.0 318.4 419.6 PPP Impact 1 (25.7) (16.3) (17.2) (7.1) (4.1) NII ex PPP 276.1 285.5 298.8 311.3 415.5 Earning Asset Analysis 2Q21 3Q21 4Q21 1Q22 2Q22 Avg. Earning Assets 37,907 38,333 39,193 40,283 48,891 PPP Impact 1 (1,986) (1,134) (642) (298) (228) Earning Assets ex PPP 35,922 37,198 38,551 39,985 48,663 NIM Analysis 2Q21 3Q21 4Q21 1Q22 2Q22 NII ex PPP (FTE) 276.1 285.5 298.8 311.3 415.5 Earning Assets 35,922 37,198 38,551 39,985 48,663 NIM ex PPP (FTE) 3.07% 3.07% 3.10% 3.11% 3.42% Reported Net Interest Income ($mm) and Margin Net Interest Margin and PPP Impact Net Interest Income ($mm) and Margin Ex-PPP 1 $355 $65 $302 $302 $316 $318 $420 3.18% 3.15% 3.23% 3.16% 3.43% 2Q21 3Q21 4Q21 1Q22 2Q22 Legacy VLY ($mm) Leumi Contribution ($mm) NIM $276 $286 $299 $311 $416 3.07% 3.07% 3.10% 3.11% 3.42% 2Q21 3Q21 4Q21 1Q22 2Q22 NII ($mm) NIM All metrics are represented on a full tax equivalent basis 1 2Q22 PPP impact includes average balance, interest income, and purchased loan accretion for PPP loans acquired from Bank Leumi. NII +39% year / year NII (ex-Leumi) +16% NII ex-PPP +51% year / year NII ex-PPP, ex-Leumi +29%

10 $19.3 $17.3 $30.8 $7.6 $14.0 $11.1 $6.2 $7.0 $13.0 $10.1 $1.0 $3.6 $43.1 $39.3 $58.5 2Q21 1Q22 2Q22 Other Non-Interest Income Swap Income Trust, Investment & Insurance Gain on Sale Other $18.0 31% Trust, Investment & Insurance $13.0 22% Loan Servicing Fees $2.7 5% Service Charges $10.1 17% Gain-on-Sale of Loans, net $3.6 6% Swap Fees $11.1 19% 2Q22 Non-Interest Income Composition ($mm) Fee Income $58.5mm Non-Interest Income ($mm) Non-Interest Income +36% year / year Adjusted non-interest income 3-year CAGR: +24%. Legacy Valley adjusted non-interest income increased approximately 13% from 1Q22 driven as higher insurance commissions and gain on sale income offset a $3mm reduction in swap fees. Bank Leumi contributed revenue diversity and helped drive adjusted non-interest income to 12.3% of adjusted revenues from 11.0% in 1Q22.

11 1 Refer to the appendix on pages 16 – 20 regarding non-GAAP financial measures. Sums may be inconsistent due to rounding. Non-Interest Expense 189.8 242.0 7.5 57.7 197.3 299.7 1Q22 2Q22 Adjusted Reported Non-Interest Expenses ($mm) Efficiency Ratio Trend 1 53.2% 50.8% 54.3% 51.2% 1Q22 2Q22 1Q22 ex-PPP 2Q22 ex-PPP Operating Leverage 1 35% 17% 28% 14% Q/Q Growth (2Q22 / 1Q22) 4-Year CAGR (2Q22 / 2Q18) Adj. Revenue ex-PPP Adj. Expenses

12 0.68% 0.77% 0.70% 0.65% 0.56% 0.72% 2Q21 3Q21 4Q21 1Q22 2Q22 Legacy VLY Leumi Impact Asset Quality Non-Accrual Loans / Total Loans Loan Loss Provision ($mm) Allowance for Credit Losses for Loans / Total Loans 0.99% 1.03% 1.09% 1.09% 1.10% 1.07% 1.13% 1.14% 1.12% 1.11% 1.08% 1.13% 2Q21 3Q21 4Q21 1Q22 2Q22 ACL / Loans ex. PPP Net Charge-offs ($mm) 1 Excludes $62.4mm of charge-offs related to PCD loans acquired from Leumi and recognized upon completion of the merger in accordance with GAAP. Sums may be inconsistent due to rounding. $9 $0 $(1) $(0) $2 0.11% 0.00% (0.01%) 0.00% 0.02% 2Q21 3Q21 4Q21 1Q22 2Q22 Net Charge-offs NCOs / Avg. Loans $8.8 $3.5 $5.4 $3.5 $2.7 $6.2 $41.0 2Q21 3Q21 4Q21 1Q22 2Q22 Provision Non-PCD 1

13 Equity & Capitalization $7.59 $7.78 $7.94 $7.93 $7.71 $11.15 $11.32 $11.57 $11.60 $11.84 6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022 TBV per share Book Value per share Book Value and Tangible Book Value per Share 1 Equity Capitalization Level 1 1 Please refer to the Non-GAAP Disclosure Reconciliation on pages 16 - 20 7.73% 7.95% 7.98% 7.96% 7.46% 11.48% 11.68% 11.70% 11.70% 11.40% 6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022 Tangible Common Equity / Tangible Assets Equity / Assets Holding Company Capital Ratios 6/30/21 3/31/22 6/30/22 Tier 1 Leverage 8.49 8.70 8.33 Common Equity Tier 1 10.04 9.67 9.06 Tier 1 Risk-Based 10.73 10.27 9.54 Total Risk-Based 13.36 12.65 11.53

A p p e n d i x

15 CRE Detail as of 6/30/2022 Portfolio by Collateral Type Apartment & Residential 29% Retail 19% Mixed Use 10% Office 10% Industrial 11% Healthcare 11% Specialty & Other 10% Portfolio by Geography Florida 25.1% New Jersey 20.0% Other 20.2% Other NYC Boroughs 13.9% Manhattan (Multifamily) 5.9% Manhattan (Other) 4.7% New York (ex. NYC) 10.2% Geography Outstanding ($BN) % of Total Wtd. Avg. LTV Wtd. Avg. DSCR Florida $5.9 25.1% 61% 1.79x Other $4.8 20.2% 66% 1.79x New Jersey $4.7 20.0% 61% 1.87x Other NYC Boroughs $3.2 13.9% 53% 1.39x Manhattan $2.5 10.6% 34% (50% ex Co-Ops) 1.68x New York (ex. NYC) $2.4 10.2% 54% 1.82x Total $23.5 100.0% 56% 1.74x $23.5bn $23.5bn Sums may be inconsistent due to rounding.

16 June 30, March 31, June 30, ($ in thousands, except for share data) 2022 2022 2021 Adjusted net income available to common shareholders (Non-GAAP): Net income, as reported (GAAP) $96,413 $116,728 $120,512 Add: Losses on extinguishment of debt (net of tax) — — 6,024 Add: Losses on available for sale and held to maturity securities transactions (net of tax) (a) (56) 6 81 Add: Provision for credit losses for non-PCD loans and HTM securities (net of tax) 29,282 — — Add: Merger related expenses (net of tax) (b) 40,164 3,579 — Net income, as adjusted (Non-GAAP) $165,803 $120,313 $126,617 Dividends on preferred stock 3,172 3,172 3,172 Net income available to common shareholders, as adjusted (Non-GAAP) $162,631 $117,141 $123,445 (a) Included in (losses) / gains on securities transactions, net. (b) Merger related expenses are primarily within salary and employee benefits expense, other expense, and professional and legal fees. Adjusted per common share data (Non-GAAP): Net income available to common shareholders, as adjusted (Non-GAAP) $162,631 $117,141 $123,445 Average number of shares outstanding 506,302,464 421,573,843 405,963,209 Basic earnings, as adjusted (Non-GAAP) $0.32 $0.28 $0.30 Average number of diluted shares outstanding 508,479,206 423,506,550 408,660,778 Diluted earnings, as adjusted (Non-GAAP) $0.32 $0.28 $0.30 Adjusted annualized return on average tangible shareholders' equity (Non-GAAP): Net income, as adjusted (Non-GAAP) $165,803 $120,313 $126,617 Average shareholders' equity 6,238,985 5,104,709 4,708,797 Less: Average goodwill and other intangible assets 2,105,585 1,538,356 1,449,388 Average tangible shareholders' equity 4,133,400 3,566,353 3,259,409 Annualized return on average tangible shareholders' equity, as adjusted (Non-GAAP) 16.05% 13.49% 15.54% Adjusted annualized return on average assets (Non-GAAP): Net income, as adjusted (Non-GAAP) $165,803 $120,313 $126,617 Average assets $53,211,422 $43,570,251 $41,161,459 Annualized return on average assets, as adjusted (Non-GAAP) 1.25% 1.10% 1.23% Adjusted annualized return on average shareholders' equity (Non-GAAP): Net income, as adjusted (Non-GAAP) $165,803 $120,313 $126,617 Average shareholders' equity 6,238,985 5,104,709 4,708,797 Annualized return on average shareholders' equity, as adjusted (Non-GAAP) 10.63% 9.43% 10.76% Three Months Ended Non-GAAP Reconciliations to GAAP Financial Measures

17 June 30, March 31, June 30, ($ in thousands) 2022 2022 2021 Annualized return on average tangible shareholders' equity (Non-GAAP): Net income, as reported (GAAP) $96,413 $116,728 $120,512 Average shareholders' equity 6,238,985 5,104,709 4,708,797 Less: Average goodwill and other intangible assets 2,105,585 1,538,356 1,449,388 Average tangible shareholders' equity 4,133,400 3,566,353 3,259,409 Annualized return on average tangible shareholders' equity (Non-GAAP): 9.33% 13.09% 14.79% Efficiency ratio (Non-GAAP): Non-interest expense, as reported (GAAP) $299,730 $197,340 $171,893 Less: Loss on extinguishment of debt (pre-tax) — — 8,406 Less: Merger-related expenses (pre-tax) 54,496 4,628 — Less: Amortization of tax credit investments (pre-tax) 3,193 2,896 2,972 Non-interest expense, as adjusted (Non-GAAP) $242,041 $189,816 $160,515 Net interest income, as reported (GAAP) 418,160 317,669 300,907 Non-interest income, as reported (GAAP) 58,533 39,270 43,126 Add: Losses on available for sale and held to maturity securities transactions, net (pre-tax) (78) 9 113 Non-interest income, as adjusted (Non-GAAP) $58,455 $39,279 43,239 Gross operating income, as adjusted (Non-GAAP) 476,615 356,948 $344,146 Efficiency ratio (Non-GAAP) 50.78% 53.18% 46.64% Annualized pre-provision net revenue / average assets Net interest income, as reported (GAAP) $418,160 $317,669 $300,907 Non-interest income, as reported (GAAP) 58,533 39,270 43,126 Less: Non-interest expense, as reported (GAAP) 299,730 197,340 171,893 Pre-provision net revenue (GAAP) $176,963 $159,599 $172,140 Average assets $53,211,422 $43,570,251 $41,161,459 Annualized pre-provision net revenue / average assets (GAAP) 1.33% 1.47% 1.67% Annualized pre-provision net revenue / average assets, as adjusted Pre-provision net revenue (GAAP) $176,963 $159,599 $172,140 Add: Loss on extinguishment of debt (pre-tax) — — 8,406 Add: Merger-related expenses (pre-tax) 54,496 4,628 — Add: Amortization of tax credit investments (pre-tax) 3,193 2,896 2,972 Less: Losses on available for sale and held to maturity securities transactions, net (pre-tax) (78) 9 113 Pre-provision net revenue, as adjusted (Non-GAAP) 234,574 167,132 183,631 Average assets $53,211,422 $43,570,251 $41,161,459 Annualized pre-provision net revenue / average assets, as adjusted (Non-GAAP) 1.76% 1.53% 1.78% Three Months Ended Non-GAAP Reconciliations to GAAP Financial Measures

18 June 30, March 31, June 30, ($ in thousands) 2022 2022 2021 Annualized return on average assets, excluding Paycheck Protection Program ("PPP") (Non-GAAP): Net income, as reported (GAAP) $96,413 $116,728 $120,512 Less: PPP loan income (net of tax) 2,954 5,292 18,974 Net income, excluding PPP loan income (Non-GAAP) 93,459 111,436 101,538 Average assets $53,211,422 $43,570,251 $41,161,459 Less: Average PPP loans (Non-GAAP) 227,794 299,534 1,985,653 Average assets, excluding average PPP loans (Non-GAAP) 52,983,628 43,270,717 39,175,806 Annualized return on average assets, excluding PPP (Non-GAAP) 0.71% 1.03% 1.04% Adjusted annualized return on average assets, excluding Paycheck Protection Program ("PPP") (Non-GAAP): Net income, as adjusted (Non-GAAP) $165,803 $120,313 $126,617 Less: PPP loan income (net of tax) 2,954 5,292 18,974 Net income, as adjusted, excluding PPP loan income (Non-GAAP) 162,849 115,021 107,643 Average assets, excluding average PPP loans (Non-GAAP) 52,983,628 43,270,717 39,175,806 Annualized return on average assets, as adjusted, excluding PPP (Non-GAAP) 1.23% 1.06% 1.10% Three Months Ended Non-GAAP Reconciliations to GAAP Financial Measures

19 June 30, March 31, December 31, September 30, June 30, March 31, December 31, September 30, June 30, ($ in thousands, except for share data) 2022 2022 2021 2021 2021 2021 2020 2020 2020 Net interest income, as reported (GAAP) 418,160$ 317,669$ 315,301$ 301,026$ 300,907$ 292,667$ 287,920$ 283,086$ 282,559$ Non-interest income, as reported (GAAP) 58,533 39,270 38,223 42,431 43,126 31,233 47,533 49,272 44,830 Add: Net impairment losses on securities (pre-tax) - - - - - - - - - Add: Branch related asset impairment (pre-tax) - - - - - - - - - Add: Losses / (gains) on available for sale and held to maturity securities transactions, net (pre-tax) (78) 9 12 (788) 113 118 (651) 46 41 Less: Gain on the sale of Visa Class B shares (pre-tax) - - - - - - - - - Less: Gain on sale leaseback transaction (pre-tax) - - - - - - - - - Non-Interest Income, as adjusted (Non-GAAP) 58,455 39,279 38,235 41,643 43,239 31,351 46,882 49,318 44,871 Gross revenue, as adjusted (Non-GAAP) 476,615 356,948 353,536 342,669 344,146 324,018 334,802 332,404 327,430 Less: PPP Loan Income (pre-tax) 4,074 7,075 17,161 16,284 25,726 25,733 17,018 14,772 11,836 Gross revenue, as adjusted, excluding PPP (Non-GAAP) 472,541 349,873 336,375 326,385 318,420 298,285 317,784 317,632 315,594 Non-interest expense, as reported (GAAP) $299,730 $197,340 $184,514 $174,922 $171,893 $160,213 $173,141 $160,185 $157,166 Less: Loss on extinguishment of debt (pre-tax) - - - - 8,406 - 9,683 2,353 - Less: Severance expense (pre-tax) - - - - - - 2,072 - - Less: Litigation reserve - - - 2,100 - - - - - Less: Merger-related expenses (pre-tax) 54,496 4,628 7,613 1,287 - - 133 106 366 Less: Amortization of tax credit investments (pre-tax) 3,193 2,896 2,115 3,079 2,972 2,744 3,932 2,759 3,416 Non-interest expense, as adjusted (Non-GAAP) 242,041 189,816 174,786 168,456 160,515 157,469 157,321 154,967 153,384 Efficiency ratio (Non-GAAP) 50.78% 53.18% 49.44% 49.16% 46.64% 48.60% 46.99% 46.62% 46.84% Efficiency ratio, excluding PPP (Non-GAAP) 51.22% 54.25% 51.96% 51.61% 50.41% 52.79% 49.51% 48.79% 48.60% March 31, December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, ($ in thousands, except for share data) 2020 2019 2019 2019 2019 2018 2018 2018 2018 Net interest income, as reported (GAAP) 265,339$ 238,541$ 220,625$ 220,234$ 218,648$ 222,053$ 216,800$ 210,752$ 207,598$ Non-interest income, as reported (GAAP) 41,397 38,094 41,150 27,603 107,673 34,694 29,038 38,069 32,251 Add: Net impairment losses on securities (pre-tax) - - - 2,928 - - - - - Add: Branch related asset impairment (pre-tax) - - - - - - 1,821 - - Add: Losses / (gains) on available for sale and held to maturity securities transactions, net (pre-tax) 40 36 93 (11) 32 1,462 79 36 765 Less: Gain on the sale of Visa Class B shares (pre-tax) - - - - - 6,530 - - - Less: Gain on sale leaseback transaction (pre-tax) - - - - 78,505 - - - - Non-Interest Income, as adjusted (Non-GAAP) 41,437 38,130 41,243 30,520 29,200 29,626 30,938 38,105 33,016 Gross revenue, as adjusted (Non-GAAP) 306,776 276,671 261,868 250,754 247,848 251,679 247,738 248,857 240,614 Less: PPP Loan Income (pre-tax) - - - - - - - - - Gross revenue, as adjusted, excluding PPP (Non-GAAP) 306,776 276,671 261,868 250,754 247,848 251,679 247,738 248,857 240,614 Non-interest expense, as reported (GAAP) $155,656 $196,146 $145,877 $141,737 $147,795 $153,712 $151,681 $149,916 $173,752 Less: Loss on extinguishment of debt (pre-tax) - 31,995 - - - - - - - Less: Severance expense (pre-tax) - - - - 4,838 2,662 - - - Less: Litigation reserve - - - - - - 1,684 - 10,500 Less: Merger-related expenses (pre-tax) 1,302 15,110 1,434 35 - (635) 1,304 3,248 13,528 Less: Amortization of tax credit investments (pre-tax) 3,228 3,971 4,385 4,863 7,173 9,044 5,412 4,470 5,274 Non-interest expense, as adjusted (Non-GAAP) 151,126 145,070 140,058 136,839 135,784 142,641 143,281 142,198 144,450 Efficiency ratio (Non-GAAP) 49.26% 52.43% 53.48% 54.57% 54.79% 56.68% 57.84% 57.14% 60.03% Efficiency ratio, excluding PPP (Non-GAAP) 49.26% 52.43% 53.48% 54.57% 54.79% 56.68% 57.84% 57.14% 60.03% Three Months Ended Three Months Ended Non-GAAP Reconciliations to GAAP Financial Measures

20 June 30, March 31, December 31, September 30, June 30, ($ in thousands, except for share data) 2022 2022 2021 2021 2021 Tangible book value per common share (Non-GAAP): Common shares outstanding 506,328,526 421,437,068 421,437,068 407,313,664 406,083,790 Shareholders' equity $6,204,913 $5,096,384 $5,084,066 $4,822,498 $4,737,807 Less: Preferred Stock 209,691 209,691 209,691 209,691 209,691 Less: Goodwill and other intangible assets 2,090,147 1,543,238 1,529,394 1,444,967 1,447,965 Tangible common shareholders' equity (Non-GAAP) $3,905,075 $3,343,455 $3,344,981 $3,167,840 $3,080,151 Tangible book value per common share (Non-GAAP): $7.71 $7.93 $7.94 $7.78 $7.59 Tangible common equity to tangible assets (Non-GAAP): Tangible common shareholders' equity (Non-GAAP) $3,905,075 $3,343,455 $3,344,981 $3,167,840 $3,080,151 Total assets 54,438,807 43,551,457 43,446,443 41,278,007 41,274,228 Less: Goodwill and other intangible assets 2,090,147 1,543,238 1,529,394 1,444,967 1,447,965 Tangible assets (Non-GAAP) 52,348,660 42,008,219 41,917,049 $39,833,040 $39,826,263 Tangible common equity to tangible assets (Non-GAAP) 7.46% 7.96% 7.98% 7.95% 7.73% As of June 30, December 31, ($ in thousands, except for share data) 2022 2021 Reported Annualized "Organic" Loans and Loan Growth (Non-GAAP) Total Loans, as reported (GAAP) $43,560,777 $34,153,657 27.5% 55.1% Less: Fair Value of Total Loans Acquired from Bank Leumi USA as of April 1, 2022 5,914,389 — — — Total "Organic" Loans (Non-GAAP) 37,646,388 34,153,657 10.2% 20.5% As of, 2Q22 Year-to-Date Growth Non-GAAP Reconciliations to GAAP Financial Measures

21 ▪ Log onto our website: www.valley.com ▪ Email requests to: tlan@valley.com ▪ Call Travis Lan in Investor Relations, at: (973) 686-5007 ▪ Write to: Valley National Bank 1455 Valley Road Wayne, New Jersey 07470 Attn: Travis Lan, FSVP – Director, Corporate Finance & Business Development ▪ Log onto our website above or www.sec.gov to obtain free copies of documents filed by Valley with the SEC For More Information