Ahead of Valley National (VLY) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Valley National (VLY) is expected to report quarterly earnings of $0.19 per share, unchanged from the same period last year, with revenues projected at$485.92 million, reflecting a year-over-year increase of 6.8% [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.8% over the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Key Metrics Forecast - Analysts forecast an 'Efficiency Ratio' of 58.2%, down from 59.1% in the same quarter last year [5] - The estimate for 'Average Balance - Total interest earning assets' is $58.16 billion, compared to$56.62 billion a year ago [5] - 'Net interest income - FTE' is estimated at $425.54 million, up from$394.85 million in the previous year [5] Non-Interest Income Projections - 'Total non-interest Income' is expected to be $60.38 million, down from$61.42 million in the same quarter last year [6] - 'Bank owned life insurance' is projected at $3.55 million, compared to$3.24 million a year ago [6] Additional Revenue Streams - 'Wealth management and trust fees' are forecasted at $17.48 million, down from$17.93 million in the same quarter last year [7] - 'Service charges on deposit accounts' are expected to be $12.98 million, up from$11.25 million in the previous year [7] - 'Fees from loan servicing' are projected at $3.15 million, slightly down from$3.19 million a year ago [8] Stock Performance - Valley National shares have decreased by 11.1% over the past month, compared to an 8.9% decline in the Zacks S&P 500 composite [8]