Valley National (VLY) Misses Q4 EPS by 1c

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

Valley National Bancorp Reports 15 Percent Annualized Loan Growth and Fourth Quarter Net Income

January 31, 2019 8:02 AM EST

WAYNE, N.J., Jan. 31, 2019 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter of 2018 of $77.1 million, or $0.22 per diluted common share, as compared to the fourth quarter of 2017 earnings of $26.1 million, or $0.09 per diluted common share, and net income of $69.6 million, or $0.20 per diluted common share, for the third quarter of 2018. The fourth quarter of 2017 results included charges mainly due to the impact of the Tax Cuts and Jobs Act ("the Tax Act"). See further details below regarding infrequent items impacting our... More