Valley National Q1 Earnings Lag Estimates, Stock Up 1.2% on Higher NII

Valley National Bancorp’s (VLY) first-quarter 2025 adjusted earnings per share of 18 cents missed the Zacks Consensus Estimate by a penny. Also, the bottom line declined 5.3% on a year-over-year basis.A rise in provisions, lower non-interest income, higher adjusted expenses and a sequential decline in loans and deposit balances hurt the results. Nonetheless, the company’s efforts to bring down funding costs drove net interest income (NII), which acted as a tailwind. This seems to have cheered investors as s ...