Valley National (VLY) Tops Q4 EPS by 1c

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Go back to Valley National (VLY) Tops Q4 EPS by 1c

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 EST

WAYNE, 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. 

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