Valley National (VLY) Misses Q2 EPS by 1c
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Valley National Bancorp Reports a 16 Percent Increase in Second Quarter Net Income, Solid Loan Growth and Asset Quality
July 27, 2016 8:00 AM EDTWAYNE, N.J., July 27, 2016 /PRNewswire/ --Â Valley National Bancorp (NYSE: VLY), the holding company for Valley National Bank, today reported net income for the second quarter of 2016 of $39.0 million, or $0.15 per diluted common share as compared to the second quarter of 2015 earnings of $32.0 million, or $0.14 per diluted common share and net income of $36.2 million, or $0.14 per diluted common share, for the first quarter of 2016.Â
Key financial highlights for the second quarter:
Loan Portfolio: Loans increased by $363.2 million, or 9.0 percent on an annualized basis, to $16.5 billion at June 30, 2016 from... More