** Regional lender Valley National Bancorp's shares fall ~1% to $9.03 in morning trading

** VLY's net income declines to $91.7 mln in Q3, from $137.2 mln, a year earlier

** Provisions for credit losses, or capital banks set aside for loans that may go into default, balloon to $75 mln in Q3 vs $9.1 mln, a year earlier

** VLY says provisions remain "somewhat elevated" due to higher reserves for commercial real estate loans as well as commercial and industrial loan growth

** Bank discloses sale of performing CRE loans that are expected to total over $800 mln at a discount of about 1% to a single investor

** VLY also sets aside $8 mln in loan-loss provisions related to estimated impact of Hurricane Helene which hit Florida in late Sept, but adds portfolio has been resilient in the aftermath of Hurricane Helene and Milton

** "At this time, there have been relatively few loan concessions... continue to assess the impact of the hurricanes on our Florida client base" - VLY

** Co reports Q3 adjusted profit 18 cents per share, in line with Street expectations, according to estimates compiled by LSEG

** Including session moves, stock down ~17% YTD

(Reporting by Manya Saini in Bengaluru)

((Manya.Saini@thomsonreuters.com))