Key Details
Price
$10.69Last Dividend
$0.11Annual ROE
7.61%Beta
1.27Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 24, 2024Recent annual earnings:
Jan 25, 2024Next ex-dividend date:
Dec 13, 2024Recent ex-dividend date:
Sept 13, 2024Next split:
N/ARecent split:
May 09, 2012Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
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Institutional Ownership
Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank's de-risking plan is ahead of schedule, with an $800 million CRE loan sale reducing exposure and mitigating downside risk. Deposit performance is resilient, with a $300 million sequential increase and lower customer deposit costs expected to benefit Q4 margins.
An increase in non-interest income supports VLY's Q3 earnings, while a marginal decline in NII and loans, and a surge in provisions hurt.
Valley National (VLY) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.
Although the revenue and EPS for Valley National (VLY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Evaluate the expected performance of Valley National (VLY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Valley National Bancorp shares fell 5% after Q2 earnings, but the market may be overreacting to concerns about its commercial real estate portfolio. Valley's loan growth is focused on business lending to diversify away from commercial real estate, with a declining exposure to NYC. Despite concerns about credit degradation, Valley's credit performance remains fairly typical, with modest deterioration and strong deposit performance.
Valley National (VLY) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.28 per share a year ago.
Valley National Bancorp's stock is approaching a 52-week low due to struggles with high interest rates and issues in the banking sector. The bank has two preferred share offerings with high yield dividends, but there are risks to volatility here too. Risks include exposure to commercial real estate, low allowance for credit losses, high level of uninsured deposits, and a problematic loan to deposit ratio.
Valley National's first-quarter earnings fell short of expectations due to increased expenses, a significant rise in provisions, and lower net interest income. However, a boost in non-interest income provided some level of support.
The key metrics for Valley National in the quarter ending March 2024 provide an indication of the company's performance, but it could be beneficial to compare these figures to Wall Street predictions and last year's results.
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