Valley National Bancorp (VLY) Tops Q3 EPS by 1c

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Go back to Valley National Bancorp (VLY) Tops Q3 EPS by 1c

Valley National Bancorp Reports a 45 Percent Increase in Third Quarter 2022 Earnings With Strong Net Interest Income and Margin

October 27, 2022 7:00 AM EDT

NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2022 of $178.1 million, or $0.34 per diluted common share, as compared to the third quarter 2021 earnings of $122.6 million, or $0.29 per diluted common share, and net income of $96.4 million, or $0.18 per diluted common share, for the second quarter 2022. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $181.5 million, or $0.35 per diluted common share, for the third quarter 2022, $124.7 million, or $0.30 per diluted common share, for third quarter 2021, and $165.8 million, or... More