Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Valley National Bancorp's stock is undervalued, trading below tangible book value, with a 14% total return potential including a 5% dividend yield. The bank has improved its capital and reserves, with a CET1 ratio of 10.8%, targeting over 11% by year-end. Valley's net interest margins are expected to improve as high-cost funding sources are replaced and the securities portfolio benefits from higher rates.
Higher provisions, a rise in adjusted expenses and a fall in non-interest income hurt VLY's Q1 earnings, while an increase in NII offers some support.
Valley National Bancorp (NASDAQ:VLY ) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Travis Lan - Senior Executive Vice President and Chief Financial Officer Ira Robbins - Chief Executive Officer Mark Saeger - Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Christopher McGratty - KBW Manan Gosalia - Morgan Stanley Anthony Elian - JPMorgan Matthew Breese - Stephens Jared David Shaw - Barclays Stephen Moss - Raymond James Jon Arfstrom - RBC Capital Markets Operator Good day and thank you for standing by. Welcome to the Q1 2025 Valley National Bancorp Earnings Conference Call.
Although the revenue and EPS for Valley National (VLY) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Valley National (VLY) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.19 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Valley National (VLY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Valley National (VLY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Valley National Bancorp shares have rebounded, driven by solid Q4 results and proactive measures to address credit losses in CRE. The company issued equity, raising $449 million, which increased financial flexibility and helped clean out its loan book. Despite credit concerns, Valley's strong capital position and efforts to diversify away from CRE provide a solid foundation.
VLY's fourth-quarter 2024 results miss estimates due to high provisions, higher adjusted expenses and lower non-interest income. Yet, higher NII is a positive.
Valley National Bancorp (NASDAQ:VLY ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Travis Lan - Investor Relations Ira Robbins - Chief Executive Officer Tom Iadanza - President Mark Saeger - Chief Credit Officer Conference Call Participants Brian Wilczynski - Morgan Stanley Anthony Elian - J.P. Morgan Christopher McGratty - KBW Matthew Breese - Stephens Frank Schiraldi - Piper Sandler Operator Good day, and thank you for standing by.