Valley National Bancorp (VLY) Tops Q2 EPS by 3c

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Go back to Valley National Bancorp (VLY) Tops Q2 EPS by 3c

Valley National Bancorp Reports Second Quarter 2022 Earnings With Strong Organic Loan Growth, Net Interest Income and Margin

July 28, 2022 7:00 AM EDT

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2022 of $96.4 million, or $0.18 per diluted common share, as compared to the second quarter 2021 earnings of $120.5 million, or $0.29 per diluted common share, and net income of $116.7 million, or $0.27 per diluted common share, for the first quarter 2022.

Our second quarter 2022 results reflect the impact of the April 1, 2022 acquisition of Bank Leumi USA and include $95.5 million pre-tax ($69.4 million after-tax), or $0.14 per diluted share, of merger-related expenses and initial non-purchased credit... More