Valley National (VLY) Misses Q1 EPS by 9c
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April 26, 2018 8:00 AM EDT
WAYNE, N.J., April 26, 2018 /PRNewswire/ -- Valley National Bancorp (NYSE:VLY), the holding company for Valley National Bank, today reported net income for the first quarter of 2018 of $42.0 million, or $0.12 per diluted common share, as compared to the first quarter of 2017 earnings of $46.1 million, or $0.17 per diluted common share, and net income of $26.1 million, or $0.09 per diluted common share, for the fourth quarter of 2017. Net income for first quarter of 2018 included infrequent charges totaling $25.9 million ($19.1 million after-tax) which mainly consisted of $13.4 million of merger expenses related to our acquisition of USAmeriBancorp, Inc. ("USAB") effective January 1,... More
