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Valley National Bancorp (VLY)
NASDAQ:VLY
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.22Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -0.35%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While Valley National Bancorp demonstrated strong deposit growth, effective cost management, and stability in net income, challenges persist in the form of lower loan growth, spread compression, and a decline in the CRE portfolio. The company's ability to manage non-interest expenses and maintain a strong tangible book value is offset by concerns over interest margin pressures and competitive challenges.Company Guidance
During the Q1 2025 earnings call for Valley National Bancorp, the company provided guidance that anticipates both loan growth and net interest income to be at the lower end of the expected range for 2025. Despite economic uncertainties, including tariff disruptions and rising inflation expectations, the bank remains optimistic about its ability to achieve profitability growth throughout the year. The bank reported a net income of approximately $106 million or $0.18 per diluted share, reflecting stability in revenue, reduced operating expenses, and a smaller loan loss provision. Core customer deposits increased by $600 million, contributing to a 29-basis-point decline in the average cost of deposits. The bank foresees no meaningful changes to expectations for annual fee income or tax rate and anticipates a 50% decline in charges and provisions from 2024 levels. Furthermore, non-interest expenses are expected to be at the lower end of the guidance range, supporting positive operating leverage and profitability improvements. Valley National is also focused on organic customer acquisition, particularly in commercial and consumer sectors, and anticipates continued growth in its lending lines to support low single-digit loan growth for the year.Net Income and Earnings Per Share Stability
Net income on both reported and adjusted basis was approximately $106 million or $0.18 per diluted share, showing revenue stability and lower operating expenses.
Strong Deposit Growth
Core customer deposits increased by $600 million, enabling the repayment of $700 million of higher-cost brokered balances.
Improved Cost Management
Average cost of deposits declined by 29 basis points, demonstrating effective cost management.
Continued C&I and Auto Lending Growth
Achieved 9% annualized growth in C&I loans and strong results in prime indirect auto lending.
Tangible Book Value Increase
Tangible book value inclusive of dividends has doubled over the last seven years.
Positive Adjusted Non-Interest Income Trend
Adjusted non-interest expenses were 3% lower than the fourth quarter, showing effective cost control.
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VLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $8.63 | $8.73 | +1.16% |
| Jan 23, 2025 | $9.67 | $9.65 | -0.21% |
| Oct 24, 2024 | $8.90 | $9.37 | +5.28% |
| Jul 25, 2024 | $7.54 | $7.77 | +3.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Valley National Bancorp (VLY) report earnings?
Valley National Bancorp (VLY) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Valley National Bancorp (VLY) earnings time?
Valley National Bancorp (VLY) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VLY EPS forecast?
VLY EPS forecast for the fiscal quarter 2025 (Q2) is 0.22.
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