Valley National (VLY) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this holding company for Valley National Bank would post earnings of $0.20 per share when it actually produced earnings of $0.13, delivering a surprise of -35%.Over the last four quarters, the company has not been able to surpass consensus EPS estima ...

https://files.reportify.cc/media/pro Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Contact: Michael D. Hagedorn Senior Executive Vice President and Chief Financial Officer 973-872-4885 VALLEY NATIONAL BANCORP ANNOUNCES THIRD QUARTER 2024 RESULTS NEW YORK, NY – October 24, 2024 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2024 of $97.9 million, or $0.18 per diluted common share, as compared to the second quarter 2024 ...

In its upcoming report, Valley National (VLY) is predicted by Wall Street analysts to post quarterly earnings of $0.18 per share, reflecting a decline of 30.8% compared to the same period last year. Revenues are forecasted to be $467.87 million, representing a year-over-year decrease of 0.7%.The consensus EPS estimate for the quarter has been revised 1.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-11277 Valley National Bancorp (Exact name of registrant as specified in its charter) New Jersey 22-2477875 (State or other jurisdicti ...

A substantial rise in provisions adversely impacted results. Also, lower net interest income (NII) and noninterest income were undermining factors. However, a sequential increase in loans and deposit balance and a fall in non-interest expenses acted as tailwinds. Perhaps this cheered investors as the VLY stock gained 3.1% yesterday. Revenues Fall, Expenses Down NII (fully-taxable-equivalent or FTE basis) was $403 million, declining 4.3%. This was due to higher interest expenses. Net interest margin (FTE bas ...

While we do not typically reference deposit team additions as they occur, we recently received approval to open a new branch office in Beverly Hills, California. This location will be overseen by experienced in market leadership and will supplement the delivery of our financial products and services to our existing customer base. We are also planning a new branch opening in Staten Island, which is contiguous to our existing Metro New York footprint. We have over 2,000 customers in this market already and ar ...

Shares of Valley National Bancorp (NASDAQ:VLY) fell a further 5% on Thursday after reporting Q2 earnings results, adding to losses experienced over the past year as concerns about New York area commercial real estate have swelled. I have been bullish on Valley, arguing that investors are pricing in too much negativity around its CRE portfolio. Since rating shares a buy in April, they are up about 2%, lagging the market's 6% gain. Given updated results, now is a good time to revisit VLY. I believe the market ...

This quarterly report represents an earnings surprise of -35%. A quarter ago, it was expected that this holding company for Valley National Bank would post earnings of $0.20 per share when it actually produced earnings of $0.19, delivering a surprise of -5%. Valley National, which belongs to the Zacks Banks - Northeast industry, posted revenues of $454.2 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $479.84 million. The company ...

VALLEY NATIONAL BANCORP CONSOLIDATED FINANCIAL HIGHLIGHTS | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------|-------|---------------------|-------------|-------------------------------------|-------------|---------------------|-------------|--------------------------|-------|-----------------| | ($ in thousands, except for share data) | | June 30, \n2024 | Three | Months Ended M ...

About Valley Valley's CEO, Ira Robbins will host a conference call on Thursday, July 25, 2024 at 11:00 AM (ET) to discuss Valley's second quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BI59081f7b3bcb41b4807103c46e3308bb to receive the dial-in number and a personal PIN, which are required to access the conference call. Investor presentation materials will be made available prior to the conference call at www.valley.com. Contact: Michael Hag ...