Wall Street expects a year-over-year decline in earnings on higher revenues when Valley National (VLY) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2025, might help the stock move higher if these key numbers are better tha ...

NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2024 earnings before the market opens on Thursday, January 23, 2025. Valley’s CEO, Ira Robbins will host a conference call on Thursday, January 23, 2025 at 11:00 AM (ET) to discuss Valley’s fourth quarter 2024 earnings. Interested parties should pre-register using this link: https://register.vevent.com/register/BIae2379032fe94367aab ...

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank (the “Bank”), announced that Thomas A. Iadanza has notified the Company of his intention to retire from his position as President effective June 30, 2025. Mr. Iadanza has led a distinguished 45-year career in banking including over the last 13 years at Valley. In his role as President, Mr. Iadanza has helped to lead Valley’s growth efforts and evolution to a leading regi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 (Mark One) FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 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) Securities registered pursuant to Section 1 ...

While shares of Valley National Bank (NASDAQ: VLY ) are up 23% over the past year, that gain hides a rollercoaster ride for investors with shares falling considering in H1 amid fears around commercial real estate in the New York City Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! An ...

Shares of Valley National Bancorp (VLY) gained 5.3% in response to third-quarter 2024 results. Its adjusted earnings per share of 18 cents met the Zacks Consensus Estimate. 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 ...

| --- | --- | |----------------------------|--------| | | | | | | | | | | | | | | | | 3Q24 Earnings Presentation | | | October 24, 2024 | | | | Valley | Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts a include expressions about management's confidence and strategies and management's expectations about our business, new and existing programs and products, acqu ...

Financial Data and Key Metrics Changes - Valley National Bancorp reported net income of approximately $98 million and diluted earnings per share of $0.18 for Q3 2024, compared to net income of $70 million and EPS of $0.13 in the previous quarter, indicating significant improvement driven by revenue expansion and expense management [4][5] - The provision for loan losses declined during the quarter but exceeded guidance due to growth in commercial and industrial (C&I) loans and reserves for Hurricane Helene [4][11] Business Line Data and Key Metrics Changes - C&I loan growth remained in the mid-teens on an annualized basis for the second consecutive quarter, while multifamily and investor commercial real estate (CRE) loans declined by $700 million due to increased prepayment activity [13][14] - The company plans to sell upwards of $800 million of performing CRE loans at a 1% discount, which is expected to enhance balance sheet metrics and regulatory capital ratios [6][8] Market Data and Key Metrics Changes - Total deposits increased by approximately $300 million compared to the second quarter, largely due to higher direct customer deposits, with a notable addition of roughly 25,000 new deposit accounts [12][13] - The company has reduced customer deposit costs by approximately 22 basis points since the September Fed rate cut, resulting in a total deposit beta of 44% [12][30] Company Strategy and Development Direction - The company is focused on managing CRE concentration and enhancing C&I loan growth, with expectations to achieve a CRE concentration ratio of approximately 375% by the end of 2025 [8][9] - Valley National Bancorp anticipates further profitability improvement in 2025, reflecting net interest income growth and normalization of credit costs [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalization of credit costs and a return to more typical provision levels in 2025, with expectations for lower net charge-offs [22][23] - The company remains optimistic about deposit growth and the overall health of the commercial real estate market, despite some lingering credit issues [15][19] Other Important Information - The company expects to achieve its near-term CET1 goal of approximately 9.8% by the end of 2024, aided by the anticipated sale of CRE loans [8][21] - Non-interest income increased significantly compared to the previous quarter, driven by tax credit advisory and service charges on deposits [18][19] Q&A Session Summary Question: What does the normalization of provisions and reserves look like for 2025? - Management indicated that provisions would return to levels more in line with historical averages, with lower net charge-offs expected [22][23] Question: Are there any further adjustments anticipated beyond the current targets? - Management expressed confidence in achieving the outlined intermediate targets and did not foresee additional adjustments at this time [25] Question: What is the outlook for net interest income and deposit costs? - Management expects mid-to-high single-digit NII growth in 2025, with opportunities to outperform deposit beta [30][31] Question: What is the expected loan growth once the CRE concentration is managed? - Management anticipates mid-single-digit loan growth moving forward, with continued C&I growth expected [49][48] Question: What are the drivers of growth in the C&I portfolio? - Growth is primarily driven by relationship-based middle market business banking, particularly in Florida [52] Question: What is the appetite for additional loan sales? - Management indicated that while they are open to opportunities, they do not anticipate more presales in the near term [44] Question: How is the company managing technology and equipment expenses? - Management noted ongoing investments in technology while successfully reducing core operating expenses [45]

Valley National (VLY) reported $472.48 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.3%. EPS of $0.18 for the same period compares to $0.26 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $467.87 million, representing a surprise of +0.99%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

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 ...