Valley National (VLY) Tops Q4 EPS by 1c
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Valley National Bancorp Reports Strong Increase In Fourth Quarter Net Income, Solid Net Interest Margin And Commercial Loan Growth
January 25, 2017 8:00 AM ESTWAYNE, N.J., Jan. 25, 2017 /PRNewswire/ -- Valley National Bancorp (NYSE: VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter of 2016 of $50.1 million, or $0.19 per diluted common share, as compared to the fourth quarter of 2015 earnings of $4.7 million, or $0.01 per diluted common share, and net income of $42.8 million, or $0.16 per diluted common share, for the third quarter of 2016.Â
Net income for the year ended December 31, 2016 was $168.1 million, or $0.63 per diluted common share, compared to 2015 earnings of $103.0 million, or $0.42 per diluted common share. The earnings for both... More
