v3.26.1
Earnings Per Common Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
The following table shows the calculation of both basic and diluted earnings per common share for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands, except for share and per share data)
Net income available to common shareholders$163,569 $126,219 $320,265 $225,322 
Basic weighted average number of common shares outstanding
553,740,562 560,336,610 554,753,527 559,976,939 
Plus: Common stock equivalents3,217,487 1,975,720 3,214,656 3,454,451 
Diluted weighted average number of common shares outstanding
556,958,049 562,312,330 557,968,183 563,431,390 
Earnings per common share:
Basic$0.30 $0.23 $0.58 $0.40 
Diluted0.29 0.22 0.57 0.40 
Common stock equivalents represent the dilutive effect of additional common shares issuable upon the assumed vesting or exercise, as applicable, of RSUs and stock options to purchase Valley’s common shares. Stock options and RSUs with exercise and vesting prices that exceed the average market price of Valley’s common stock during the periods presented may have an anti-dilutive effect on the diluted earnings per common share calculation for the periods presented and therefore are excluded from the diluted earnings per share calculation. Potential anti-dilutive weighted common shares totaled approximately 226 thousand and 3.5 million for the three months ended June 30, 2026 and 2025, respectively, and 211 thousand and 798 thousand for the six months ended June 30, 2026 and 2025, respectively.