Countdown to Valley National (VLY) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts forecast that Valley National (VLY) will report quarterly earnings of $0.15 per share, reflecting a year-over-year decline of 31.8%, while revenues are expected to reach $469.49 million, an increase of 4.3% compared to the previous year [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 0.8%, indicating a reassessment by covering analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Key Metrics Projections - Analysts predict an 'Efficiency Ratio' of 57.2%, down from 60.7% in the same quarter last year [5] - The 'Average Balance - Total interest earning assets' is expected to reach $57.09 billion, compared to $56.47 billion a year ago [5] - 'Total non-interest Income' is projected at $58.06 million, up from $52.69 million in the same quarter last year [6] - 'Net interest income - FTE' is anticipated to be $411.38 million, compared to $398.58 million in the same quarter last year [6] - 'Insurance commissions' are expected to be $3.24 million, slightly up from $3.22 million a year ago [7] - 'Wealth management and trust fees' are projected at $15.25 million, compared to $11.98 million in the same quarter last year [7] - 'Service charges on deposit accounts' are estimated at $12.21 million, up from $9.34 million a year ago [8] - 'Bank owned life insurance' is expected to be $4.52 million, compared to $4.11 million last year [8] - 'Net Interest Income' is projected to reach $410.15 million, compared to $397.28 million in the previous year [8] Stock Performance - Valley National shares have increased by 4.4% in the past month, contrasting with the Zacks S&P 500 composite's decline of 2.1%, and the stock holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [8]