Core Insights - OP Corporate Bank plc reported an operating profit of €140 million for Q1 2025, a 24.9% increase from €112 million in Q1 2024 [2][4] - Total income rose by 9.6% to €215 million compared to €196 million in the previous year [2][4] - The bank's CET1 ratio stood at 13.9%, exceeding the minimum regulatory requirement by 5.1 percentage points [4] Financial Performance - Operating profit by segment: Corporate Banking and Capital Markets at €86 million (up 7.1%), Asset and Sales Finance Services and Payment Transfers at €49 million (up 30.1%), and Baltics at €9 million (down 5.4%) [2][4] - Total expenses increased by 2.5% to €73 million, while the cost/income ratio improved to 34.1% from 36.5% [2][4] - The loan portfolio grew by 1.4% to €28.2 billion, and the deposit portfolio surged by 20.9% to €16.0 billion [4][5] Income Statement Highlights - Net interest income remained stable at €157 million, while investment income increased significantly to €24 million from €9 million [4] - Net commissions and fees decreased by 14% to €17 million [4] - Impairment loss on receivables decreased to €1 million from €12 million [4] Governance and Management - The Annual General Meeting re-elected Timo Ritakallio as Chair of the Board and appointed new board members [7][8] - PricewaterhouseCoopers Oy was elected as the auditor for the financial year 2025 [8] Economic Outlook - The global economic outlook has weakened, with expectations of slower growth in the Finnish economy [10] - Increased tariffs and geopolitical crises may impact capital markets and the economic environment for OP Corporate Bank and its customers [10]

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2025 of $106.1 million, or $0.18 per diluted common share, as compared to the fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted common share, and net income of $96.3 million, or $0.18 per diluted common share, for the first quarter 2024. Excluding all non-core income and charges, our adjusted net income (a non-GA ...