Valley National's (VLY) first-quarter earnings lag estimates due to higher expenses, a drastic rise in provisions and lower NII. However, an increase in non-interest income offers some support.
The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street e

Valley National (VLY) Q1 Earnings Miss Estimates

09:25am, Thursday, 25'th Apr 2024
Valley National (VLY) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.30 per share a year ago.
NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY ), the holding company for Valley National Bank, announced that it will release its first quarter 2024 earnings before
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

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S&P Ratings downgrades the outlook on First Commonwealth, M&T Bank (MTB), Synovus (SNV), Trustmark (TRMK) and Valley National (VLY) to negative from stable.
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Two years of rapidly rising interest rates have driven down property prices and made it harder for banks' clients to pay off loans.
Ira Robbins, Valley National Bank chairman and CEO, joins 'Power Lunch' to discuss the chief executive's sentiment after hearing news about New York Community Bank, how Robbins would characterize thei
Valley National (VLY) announces a new share repurchase program. Given the decent liquidity and strong balance sheet position, this looks sustainable in the long run.
The consensus is turning against floating-rate securities but a move away from them is much too soon in our view. Recent data, such as strong payrolls and increased average hourly earnings, suggests t
Regional bank stocks zoomed higher in late 2023, in anticipation of interest rate cuts in 2024. So far this year, however, there have been more indications that the Federal Reserve's “higher for lon
Valley National (VLY) benefits from improved revenues, loan balances and strategic acquisitions. Yet, mounting expenses and pressure on NIM are near-term concerns.
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