VLY Stock Recent News

VLY's fourth-quarter 2024 results miss estimates due to high provisions, higher adjusted expenses and lower non-interest income. Yet, higher NII is a positive.

Valley National Bancorp (NASDAQ:VLY ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Travis Lan - Investor Relations Ira Robbins - Chief Executive Officer Tom Iadanza - President Mark Saeger - Chief Credit Officer Conference Call Participants Brian Wilczynski - Morgan Stanley Anthony Elian - J.P. Morgan Christopher McGratty - KBW Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Operator Good day, and thank you for standing by.

The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Valley National (VLY) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago.

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2024 of $115.7 million, or $0.20 per diluted common share, as compared to the third quarter 2024 net income of $97.9 million, or $0.18 per diluted common share, and net income of $71.6 million, or $0.13 per diluted common share, for the fourth quarter 2023. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $75.7 million, or $0.13 per diluted common share, for the fourth quarter 2024, $96.8 million, or $0.18 per diluted common share, for the third quarter 2024, and $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.

Investors need to pay close attention to Valley National Bancorp (VLY) stock based on the movements in the options market lately.

Besides Wall Street's top -and-bottom-line estimates for Valley National (VLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

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.

MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley Bank announces the appointment of Kevin O'Connor as Market President for Long Island, NY.

NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY ), the holding company for Valley National Bank, announced that it will release its fourth quarter 2024 earnings before the market opens on Thursday, January 23, 2025.