Valley National Shares Jump 5.3% as Q3 Earnings Meet Estimates [Yahoo! Finance]
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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valleynationalbank.com
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Source: Yahoo! Finance
However, the bottom line plunged 30.8% on a year-over-year basis. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Higher non-interest income and a sequential increase in deposit balances support the results. On the other hand, a substantial rise in provisions, lower net interest income (NII) and loan balance and a slight rise in expenses act as spoilsports. Results excluded non-core income and charges. After considering these, net income was $97.9 million, down 30.8% from the year-ago quarter. Quarterly total revenues were $471.2 million, relatively stable year over year. The top line beat the Zacks Consensus Estimate of $467.9 million. NII (fully-taxable-equivalent or FTE basis) was $411.8 million, declining marginally. Net interest margin (FTE basis) was 2.86%, down 5 basis points (bps). Non-interest income grew 3.4% to $60.7 million. The rise was driven by increase in all almost components. Non-interest expenses of $269.5 million increased sli
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VLY
News
- Valley National Bank Announces the Retirement of President Thomas A. Iadanza [Yahoo! Finance]Yahoo! Finance
- Valley National Bank Announces the Retirement of President Thomas A. IadanzaGlobeNewswire
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking Team [Yahoo! Finance]Yahoo! Finance
- Valley Bank Appoints Gail Castellano to Lead New Staten Island Banking TeamBusiness Wire
- Valley National Bancorp (NASDAQ: VLY) had its price target raised by analysts at Barclays PLC from $10.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
VLY
Earnings
- 10/24/24 - In-Line
VLY
Sec Filings
- 12/11/24 - Form 8-K
- 12/9/24 - Form 8-K
- 12/2/24 - Form 3
- VLY's page on the SEC website