Valley National

Valley National Bancorp is a bank holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment consists of residential mortgage loans, automobile loans and home equity loans, as well as wealth management and insurance services. The Commercial Lending segment includes floating rate and adjustable rate commercial and industrial loans as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment refers to investments in various types of securities and interest-bearing deposits with other banks. The Corporate and Other Adjustments segment represents the income and expense items not directly attributable to a specific segment. The company was founded on November 12, 1982 and is headquartered in New York, NY.

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Earnings data Q4 2024

Valley National reports strong Q4 earnings, eyes growth amidst challenges

Valley National's Q4 2022 performance reflects growth and stability, supported by strong financial metrics and strategic initiatives.
Efficient cost management, sustained credit excellence, and a focus on diversification position Valley well for future success.
Challenges from NIM pressure and economic uncertainties require cautious navigation, but opportunities for revenue growth and efficiency improvements exist.
Overall, Valley National's prudent approach to credit, focus on growth opportunities, and commitment to efficiency bode well for its future performance.

Valley National reports resilient Q1 performance and eyes strategic growth

Valley National Bancorp's Q1 2023 performance showcased resilience amidst seasonal factors, with adjusted figures reflecting a robust financial position and strong credit culture.
The bank's focus on driving shareholder value through industry-leading service, diverse loan portfolios, and strategic growth opportunities positions it well for future growth and profitability.
While facing challenges such as increasing deposit costs and rising cap rates in real estate sectors, Valley National remains proactive in risk management and open to strategic opportunities for growth.

Valley National Bank reports robust Q2 earnings amidst growth opportunities

Valley National Bank delivered strong earnings, showcasing solid performance across key metrics. While facing challenges such as declining net interest income and rising expenses, the bank is focused on leveraging growth opportunities through selective lending and cost-saving initiatives. With a conservative balance sheet approach and a focus on sustainable growth, Valley National is well-positioned for the future.

Valley National reports solid Q3 earnings amidst loan growth challenges

Valley National's Q3 performance was strong, marked by solid earnings and operational improvements. While facing challenges in loan growth and revenue pressures, the bank is focused on controlling expenses and leveraging growth opportunities. With a strategic focus on organic growth and technology enhancements, Valley is poised for future success.

Valley National (VLY) reports robust Q4 earnings and targets sustainable growth in 2024

Valley National (VLY) delivered strong financial performance in Q4 2023, focusing on customer growth and technology enhancements. While facing challenges in deposit pricing and efficiency, the company is poised for growth through strategic imperatives and opportunities in core deposits and C&I lending. With a clear focus on profitability and return on equity, Valley National aims for sustained growth in 2024.

Valley National reports solid Q1 earnings, eyes growth opportunities

Valley National's Q1 2024 performance reflects solid earnings, efficient cost management, and confidence in credit quality and balance sheet strength.
Strategic focus on growing tangible book value, optimizing capital, and exploring growth opportunities positions the company for sustainable growth.
Challenges in loan growth, managing CRE concentration, and enhancing loan yields require strategic initiatives to drive profitability and risk management.

Valley National reports solid Q2 earnings, eyes growth opportunities

Valley National's Q2 2024 earnings call highlighted strong financial performance and strategic initiatives to enhance balance sheet metrics. The bank aims for steady growth in loan and interest income while emphasizing conservative risk management practices. Challenges lie in managing expenses and navigating economic uncertainties, but opportunities for growth and risk mitigation strategies are in focus.

Valley National reports strong Q3 earnings, plans CRE loan sale

Valley National's Q3 performance showed significant improvement driven by revenue growth and cost management strategies.
The company aims to balance loan growth opportunities with challenges such as potential credit performance normalization and CRE concentration management.
Despite facing challenges, Valley remains optimistic about fee income growth and is focused on achieving its near-term CET1 goal by the end of 2024.

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Valley National Bancorp is a bank and financial holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Commercial Banking, Consumer Banking, and Treasury and Corporate Other. The Commercial Banking segment includes commercial and industrial loans, and commercial real estate loans. The Consumer Banking segment refers to residential mortgage loans, other consumer loans, and wealth management. The Treasury and Corporate Other segment relate to treasury managed held to maturity and available for sale debt securities portfolios. The company was founded in 1927 and is headquartered in Morristown, NJ.

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) --  Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2023 of $71.6 million, or $0.13 per diluted common share, as compared to the fourth quarter 2022 net income of $177.6 million, or $0.34 per diluted common share, and net income of $141.3 million, or $0.27 per diluted common share, for the third quarter 2023. Excluding all non-core items, our adjusted net income (a non-GAAP measure) was $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023, $182.9 million, or $0.35 per diluted common share, for the fourth quarter 2022, and $136.4 million, or $0.26 per diluted common share, for the third quarter 2023. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports Fourth Quarter 2023 Results

Evaluate the expected performance of Valley National (VLY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Unveiling Valley National (VLY) Q4 Outlook: Wall Street Estimates for Key Metrics

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NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY ), the holding company for Valley National Bank, announced that it will release its fourth quarter 2023 earnings before the market opens on Thursday, January 25, 2024.

Valley National Bancorp to Announce Fourth Quarter 2023 Earnings

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Valley National Bancorp (VLY) Right Now?

Valley National Bancorp is a solid bank with a market capitalization of $5.51 billion. The institution has achieved significant growth in revenue, profits, loans, and deposits in recent years. The bank's balance sheet and profitability metrics are strong, making Valley National Bancorp a favorable investment option.

Valley National Bancorp: A Quality Prospect Worth Considering

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank announces the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).

Valley National Bank Promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer

Valley National (VLY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Valley National (VLY) Surges 6.3%: Is This an Indication of Further Gains?

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Modest loan demand, high interest rates and strategic expansion efforts will keep aiding Valley National's (VLY) financials amid elevated expenses and rising funding costs.

Valley National (VLY) Rides on Buyouts & Loans, High Costs Ail

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank launches new Community Home Equity Line of Credit Program designed to support the needs of low-to-moderate income (LMI) borrowers.

Valley National Bank Launches Community Home Equity Line of Credit Program

MORRISTOWN, N.J.--(BUSINESS WIRE)--Robert Danziger, joins Valley Bank as Managing Director, First Senior Vice President, and Head of the Bank's Syndicated Finance business.

Valley National Bank Strengthens Syndications Capabilities with the Hire of Robert Danziger as Head of Syndications

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MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank's new headquarters in Morristown, NJ. was developed by SJP Properties in partnership with Scotto Properties and Gensler.

Valley National Bank Celebrates Opening of New Headquarters in Morristown, N.J.

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Higher non-interest income and a rise in loans and deposit balance support Valley National's (VLY) Q3 earnings, while lower NII and an increase in expenses and provisions are undermining factors.

Valley National (VLY) Gains 1.7% as Q3 Earnings Meet Estimates

Valley National Bancorp (NASDAQ:VLY ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Travis Lan - Head, IR Ira Robbins - Chairman and CEO Thomas Iadanza - President and Chief Banking Officer Michael Hagedorn - Senior EVP and CFO Mark Saeger - EVP and Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Michael Perito - KBW Jon Arfstrom - RBC Capital Markets Manan Gosalia - Morgan Stanley Steve Moss - Raymond James Operator Good day and thank you for standing by. Welcome to the Third Quarter 2023 Valley National Bancorp Earnings Conference Call.

Valley National Bancorp (VLY) Q3 2023 Earnings Call Transcript

Valley National (VLY) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a year ago.

Valley National (VLY) Meets Q3 Earnings Estimates

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $136.4 million, or $0.26 per diluted common share, for the third quarter 2023, $147.1 million, or $0.28 per diluted common share, for the second quarter 2023, and $181.5 million, or $0.35 per diluted common share, for the third quarter 2022. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Announces Third Quarter 2023 Results

Valley National Bancorp (VLY) shares have been weighed down by the banking crisis, losing about 30% of their value, but may offer compelling upside. The bank has been able to grow deposits while other regional banks have reported declines. Valley has a well-diversified loan portfolio and has seen improvement in credit quality, making it an attractive investment opportunity.

Valley National: A Small Bank With Meaningful Upside

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News for Valley National Stock (VLY)