Valley National Bancorp reports results for the quarter ended June 30 - Earnings Summary
Valley National Bancorp reports results for the quarter ended June 30 - Earnings Summary
Valley National Bancorp VLY.OQ reported quarterly adjusted earnings of 30 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 30 cents to 32 cents per share.
Revenue rose 13.3% to $560.74 million from a year ago; analysts expected $556.53 million.
Valley National Bancorp's reported EPS for the quarter was 29 cents.
The company reported quarterly net income of $163.57 million.
Valley National Bancorp shares had fallen by 0.9% this quarter and gained 24.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.2% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Valley National Bancorp is $16.50, about 12% above its last closing price of $14.52
This summary was machine generated from LSEG data July 23 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.31 | 0.30 | Missed |
Mar. 31 2026 | 0.27 | 0.29 | Beat |
Dec. 31 2025 | 0.29 | 0.31 | Beat |
Sep. 30 2025 | 0.26 | 0.28 | Beat |
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Valley National Bancorp reports results for the quarter ended June 30 - Earnings Summary