Brief: Valley National Bancorp Q2 Adjusted EPS USD 0.23 Vs. IBES Estimate USD 0.22

Valley National Bancorp

24/07/2025 12:01

Overview

Valley National Bancorp Q2 adjusted profit beats analyst expectations, driven by higher loan yields

Co reports significant reduction in provision for loan losses, indicating improved credit quality

Outlook

Company to remain focussed on growing low-cost deposits

Company expects profitability metrics to improve throughout the year

Result Drivers

COMMERCIAL LOAN GROWTH - CEO Ira Robbins attributes positive results to strong commercial loan growth

HIGHER LOAN YIELDS - Increased yields on new loan originations boosted net interest income

CREDIT QUALITY IMPROVEMENT - Significant reduction in provision for loan losses indicates improved credit quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$495.01 mln
$492.80 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.23
$0.22 (10 Analysts)
Q2 EPS
$0.22
Q2 Adjusted Net Income
Beat
$134.40 mln
$128.40 mln (8 Analysts)
Q2 Net Income
$133.17 mln
Q2 Net Loan Losses
$37.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Valley National Bancorp is $11.00, about 11.8% above its July 23 closing price of $9.70

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX8Z7Rj0

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)