Equibles does not estimate personal net worth.
Get an email with a short summary when Valley National Bancorp publishes a filing, an earnings call transcript or a press release.
Get VLY alertsMichael Hagedorn is recorded as CFO at Valley National Bancorp (VLY). The proxy statement of Valley National Bancorp reports total compensation of $2,330,975 for Michael Hagedorn in fiscal 2024, including a base salary of $590,000. Disclosed compensation is on record for 6 fiscal years. Michael Hagedorn has spoken on 4 earnings calls across 1 company, most recently for Valley National Bancorp on April 25, 2024. Valley National Bancorp is classified in the Banks - Regional industry within the Financial Services sector. Other leadership on record at Valley National Bancorp includes Michael D (CFO), Travis Lan (CFO), Robert J. Bardusch (COO) and 7 others.
“Staying on the CRE topic for a moment, Slide 15 illustrates the contractual maturities of our commercial real estate portfolio. We also included the LTV, DSCR, and rate by maturity bucket for your benefit.”
“Slide 13 illustrates Valley's recent quarterly net interest income and margin trends. While end-of-period noninterest-bearing deposits stabilized, the decline in noninterest deposits on an average basis weighed on quarterly net interest income by approximately $4 million.”
“Slide 10 illustrates Valley's recent quarterly net interest income and margin trends. The sequential $7 million decline in net interest income was less than half of the reduction experienced in the second quarter of the year.”
“Turning to Slide 5, you can see that Valley's reported net interest margin increased to 3.18% from 3.14% in the first quarter of 2021. Exclusive of the impact of PPP loans, we estimate that net interest margin would have been 3.07% versus 3.05% in the prior quarter.”
Banks - Regional · Financial Services
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Valley National Bancorp (VLY) | Former SEVP, CFO | $590,000 | $2,330,975 |
| 2023 | Valley National Bancorp (VLY) | Former SEVP, CFO | $590,000 | $1,777,762 |
| 2022 | Valley National Bancorp (VLY) | Former SEVP, CFO | $590,000 | $1,945,594 |
| 2021 | Valley National Bancorp (VLY) | Senior EVP and CFO | $590,000 | $1,855,116 |
| 2020 | Valley National Bancorp (VLY) | Senior EVP and CFO | $590,000 | $1,813,824 |
| 2019 | Valley National Bancorp (VLY) | Senior EVP and CFO | $590,000 | $1,580,049 |
