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 25 Percent Increase In Third Quarter 2020 Net Income And Strong Net Interest Income And Margin

October 22, 2020 8:00 AM EDT

NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2020 of $102.4 million, or $0.25 per diluted common share, as compared to the third quarter 2019 earnings of $81.9 million, or $0.24 per diluted common share, and net income of $95.6 million, or $0.23 per diluted common share, for the second quarter 2020.

Key financial highlights for the third quarter:

Net Interest Income and Margin: Net interest income on a tax equivalent basis of $284.1 million... More