Valley National (VLY) Reports In-Line Q3 EPS

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Go back to Valley National (VLY) Reports In-Line Q3 EPS

Valley National Bancorp Reports a 19 Percent Increase in Third Quarter Net Income, Strong Commercial Loan Growth and Maintains Net Interest Margin

October 26, 2016 8:00 AM EDT

WAYNE, N.J., Oct. 26, 2016 /PRNewswire/ -- Valley National Bancorp (NYSE: VLY), the holding company for Valley National Bank, today reported net income for the third quarter of 2016 of $42.8 million, or $0.16 per diluted common share as compared to the third quarter of 2015 earnings of $36.0 million, or $0.15 per diluted common share and net income of $39.0 million, or $0.15 per diluted common share, for the second quarter of 2016. 

Key financial highlights for the third quarter:

Net Interest Income and Margin: Net interest income on a tax equivalent basis of $156.3 million for the... More