Valley National (NASDAQ: VLY) reported Q1 EPS of $0.28, $0.01 worse than the analyst estimate of $0.29.

Ira Robbins, CEO and President commented, "I'm pleased with the first quarter 2021 results and overall demonstrated strengths of our balance sheet and credit quality during the pandemic. I believe our measured approach to loan origination activities, ability to manage our funding costs, and keen focus on operating efficiencies and the adoption of new technologies has positioned Valley for continued success in 2021."

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