Valley National Earnings Reports

Valley National Bancorp reported a net income of $115.7 million for Q4 2024, or $0.20 per diluted common share. The company's balance sheet initiatives during 2024 have strengthened its financial position with incremental capital, an improved funding base, higher loan reserve coverage, and enhanced loan diversity.

Valley National Bancorp reported a net income of $97.9 million for Q3 2024, or $0.18 per diluted common share. The results reflect progress in achieving strategic balance sheet goals, with improvements in net interest income and non-interest income. The company also entered into an agreement to sell performing commercial real estate loans expected to total over $800 million.

Valley National Bancorp reported a net income of $70.4 million for Q2 2024, with earnings per diluted common share at $0.13. The company focused on building balance sheet flexibility, enhancing regulatory capital, and reducing commercial real estate concentration. Net interest income increased due to interest income growth and interest expense reduction.

Valley National Bancorp reported a net income of $96.3 million for Q1 2024, or $0.18 per diluted common share. The results reflect proactive expense management and balance sheet adjustments amidst a challenging environment. Asset quality remained stable, and the company slowed loan growth to enhance financial flexibility.

Valley National Bancorp reported a decrease in net income for Q4 2023 to $71.6 million, or $0.13 per diluted common share, compared to $177.6 million, or $0.34 per diluted common share, for Q4 2022. Adjusted net income was $116.3 million, or $0.22 per diluted common share. The results reflect challenges in the banking industry and strategic efforts to enhance funding and capital positions.

Valley National Bancorp reported a net income of $141.3 million for Q3 2023, or $0.27 per diluted common share. Loan growth slowed, but total loans increased to $50.1 billion. Deposits increased to $49.9 billion. The company completed a core conversion to enhance technology infrastructure.

Valley National Bancorp reported a net income of $139.1 million for Q2 2023. The loan portfolio saw an increase of $1.2 billion, and total deposits rose by $2.0 billion. The net interest margin decreased to 2.94 percent, influenced by rising interest rates.

Valley National Bancorp reported a net income of $146.6 million for Q1 2023, or $0.28 per diluted common share. The loan portfolio increased by $1.7 billion, and total deposits remained relatively unchanged at $47.6 billion. The bank navigated market turmoil with a diversified balance sheet and a focus on relationship-based banking.

Valley National Bancorp reported a net income of $177.6 million for Q4 2022, or $0.34 per diluted common share. Loan growth remained elevated, aided by a reduction in loan payoffs. The company faces pressure regarding deposit pricing expectations and growth opportunities but is focused on differentiated deposit niches.

Valley National Bancorp reported a strong third quarter in 2022, with net income of $178.1 million, or $0.34 per diluted common share, compared to $122.6 million, or $0.29 per diluted common share, for the third quarter 2021.

Valley National Bancorp reported a net income of $96.4 million for Q2 2022, or $0.18 per diluted common share. Excluding non-core charges, the adjusted net income was $165.8 million, or $0.32 per diluted common share. The results reflect the impact of the Bank Leumi USA acquisition on April 1, 2022.

Valley National Bancorp reported a strong first quarter in 2022, marked by robust commercial loan growth, solid credit metrics, and a stable core net interest margin. Net income was $116.7 million, or $0.27 per diluted common share.

Valley National Bancorp reported a strong fourth quarter in 2021, with net income increasing to $115.0 million, or $0.27 per diluted common share. The company experienced strong organic loan growth and an increase in net interest margin. The acquisition of The Westchester Bank Holding Corp. was completed during the quarter, contributing to the overall performance.

Valley National Bancorp reported a strong third quarter with a 20% increase in net income compared to the same period last year. The company's net interest margin remained solid, and non-PPP loan growth contributed to the positive results. The pending acquisitions of Bank Leumi and The Westchester Bank Holding Corporation, along with the recent acquisition of Dudley Ventures, are expected to further enhance Valley's capabilities and market reach.

Valley National Bancorp reported a net income of $120.5 million for the second quarter of 2021, a 26% increase compared to the same period last year. The company's net interest margin increased, and non-PPP loan growth was strong.

Valley National Bancorp reported a strong first quarter in 2021, with net income increasing by 33% compared to the first quarter of 2020. The company's net interest margin also showed positive growth, driven by strategic loan origination, effective management of funding costs, and a focus on operating efficiencies.

Valley National Bancorp reported a strong fourth quarter with net income of $105.4 million, or $0.25 per diluted common share, compared to $38.1 million, or $0.10 per diluted common share, in the fourth quarter of 2019. The results were driven by a 21% increase in net interest income.

Valley National Bancorp reported a strong Q3 2020, with net income increasing by 25% compared to Q3 2019, driven by strong net interest income and margin. The company's performance reflects the strength of its balance sheet and ability to perform in a stressed economic environment.

Valley National Bancorp reported a strong second quarter with a 25% increase in net income, driven by a significant reduction in funding costs and an increase in average loan balances due to PPP loan originations. The adjusted efficiency ratio was below 50% for the second consecutive quarter.

Valley National Bancorp reported a net income of $87.3 million, or $0.21 per diluted common share, for the first quarter of 2020. The results reflect strong loan growth and an increase in the net interest margin. The bank dedicated resources to support customers through the CARES Act and Paycheck Protection Program, facilitating $1.6 billion in assistance.

Valley National Bancorp reported a net income of $38.1 million for Q4 2019, or $0.10 per diluted common share. The quarter included non-core after-tax charges of $52.5 million. Excluding these charges, the adjusted net income was $90.7 million, or $0.24 per diluted common share. The acquisition of Oritani Financial Corp. was completed on December 1, 2019, adding approximately $4.3 billion in assets.