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 ...

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 ...

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 ...

Valley National Bancorp (NASDAQ:VLY) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Travis Lan - IR Ira Robbins - CEO Tom Iadanza - President Mike Hagedorn - CFO Mark Saeger - Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Steven Alexopoulos - JPMorgan Matthew Breese - Stephens Manan Gosalia - Morgan Stanley Steve McGrady - KBW Stephen Moss - Raymond Jane Jon Arfstrom - RBC Capital Markets Jared Shaw - Barclays Operator Good day, and thank ...

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 ...