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 Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 , May 10, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Valley National Bancorp ("Valley National" or the "Company") (NASDAQ: VLY).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Valley National Bancorp - VLY

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Valley National Bancorp (NASDAQ: VLY ) stock tumbled 20% yesterday amid fears that VLY would be hurt by contagion arising from the failure of multiple banks. Adding to the pressure on the name, investment bank Raymond James lowered its rating on VLY stock.

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Valley National Bancorp saw its funding costs rise significantly in the first quarter. This is putting pressure on the bank's margin.

Why Shares of Valley National Bancorp Are Falling Today

Valley National Bancorp (NASDAQ:VLY ) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Travis Lan - Head of Investor Relations Ira Robbins - Chairman and Chief Executive Officer Tom Iadanza - President Mike Hagedorn - Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Frank Schiraldi - Piper Sandler David Bishop - Hovde Group Manan Gosalia - Morgan Stanley Tim Switzer - KBW Matthew Breese - Stephens Jon Arfstrom - RBC Capital Markets Operator Good day, and thank you for standing by. Welcome to the Valley National Bancorp Q1 2023 Earnings Call.

Valley National Bancorp (VLY) Q1 2023 Earnings Call Transcript

Higher provisions and non-interest expenses hurt Valley National's (VLY) Q1 earnings, while solid revenue growth offers some support.

Valley National (VLY) Q1 Earnings Miss on Higher Provisions

Valley National (VLY) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.28 per share a year ago.

Valley National (VLY) Misses Q1 Earnings and Revenue Estimates

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2023 of $146.6 million, or $0.28 per diluted common share, as compared to the first quarter 2022 net income of $116.7 million, or $0.27 per diluted common share, and net income of $177.6 million, or $0.34 per diluted common share, for the fourth quarter 2022. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $154.5 million, or $0.30 per diluted common share, for the first quarter 2023, $120.3 million, or $0.28 per diluted common share, for first quarter 2022, and $182.9 million, or $0.35 per diluted common share, for the fourth 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 First Quarter 2023 Results

Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Valley National (VLY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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NEW YORK, April 17, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2023 earnings before the market opens on Thursday, April 27, 2023. Valley's CEO, Ira Robbins will host a conference call on Thursday, April 27th at 11:00 AM (ET) to discuss Valley's first quarter 2023 earnings.

Valley National Bancorp To Announce First Quarter 2023 Earnings

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A lack of loan diversification and an increase in operating expenses are major headwinds for Valley National (VLY). Solid revenue growth and buyouts offer some support.

Valley National (VLY) Hurt by Rising Costs, Loan Concentration

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Two regional banks are reportedly competing to purchase failed lender Silicon Valley Bank. First Citizens BancShares and Valley National Bancorp have filed bids with the Federal Deposit Insurance Corp. (FDIC), Bloomberg News reported Saturday (March 25), citing people with knowledge of the matter.

First Citizens and Valley National Reportedly Competing to Own SVB

Valley National Bancorp and First Citizens BancShares Inc. are both vying to buy Silicon Valley Bank, Bloomberg News reported on Saturday.

Valley National, First Citizens bidding for Silicon Valley Bank- Bloomberg News

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Valley National (VLY) records a rise in revenues in the fourth quarter of 2022.

Valley National (VLY) Gains Despite Q4 Earnings Miss, Cost Hike

Valley National Bancorp (NASDAQ:VLY ) Q4 2022 Earnings Conference Call January 26, 2023 11:00 AM ET Company Participants Travis Lan - Head, IR Ira Robbins - CEO Tom Iadanza - President Mike Hagedorn - CFO Conference Call Participants Michael Perito - KBW Steve Moss - Raymond James Jon Arfstrom - RBC Capital Markets Steven Alexopoulos - JPMorgan Manan Gosalia - Morgan Stanley Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Travis Lan Good morning, and welcome to Valley's Fourth Quarter 2022 Earnings Conference Call. Presenting on behalf of Valley today are CEO, Ira Robbins; President, Tom Iadanza; and Chief Financial Officer, Mike Hagedorn.

Valley National Bancorp (VLY) Q4 2022 Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of -2.78% and 2.07%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Lags Q4 Earnings and Revenue Estimates

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2022 of $177.6 million, or $0.34 per diluted common share, as compared to the fourth quarter 2021 net income of $115.0 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 charges, our adjusted net income (a non-GAAP measure) was $182.9 million, or $0.35 per diluted common share, for the fourth quarter 2022, $125.0 million, or $0.29 per diluted common share, for the fourth quarter 2021, 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 adjusted net income in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports Fourth Quarter Earnings, Increased Net Interest Income and 15 Percent Annualized Loan Growth

News for Valley National Stock (VLY)