Valley National Bancorp (VLY)
NASDAQ (NGS) 
Valley National Bank: Q4 Actions Buoy Capital But Valuation Is Fair
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.
Valley National Q4 Earnings Miss Estimates on Higher Provisions Y/Y
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 (VLY) Q4 2024 Earnings Call Transcript
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.
Valley National (VLY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Valley National (VLY) Q4 Earnings Miss Estimates
Valley National (VLY) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago.
Is the Options Market Predicting a Spike in Valley National Bancorp (VLY) Stock?
Investors need to pay close attention to Valley National Bancorp (VLY) stock based on the movements in the options market lately.
Countdown to Valley National (VLY) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
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 December 2024.
Earnings Preview: Valley National (VLY) Q4 Earnings Expected to Decline
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 upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Valley National to Overweight from Neutral with a price target of $11, up from $10.50, post the Q3 report. The firm walked away more encouraged by the progress Valley National has made on reducing its commercial real estate concentration as well as a path to continue building capital with its CET1 ratio increasing from 9.55% to 9.73% in Q3. The shares trading on an 2025 implied cost of equity now in the 9% range presents an opportunity to upgrade to name, the analyst tells investors in a research note.
Valley National's Positive CRE Developments Are Priced In (Downgrade)
Valley National Bank shares have risen 23% over the past year, with a 5% boost from solid Q3 earnings, but valuation is now less attractive. The bank's de-risking plan is ahead of schedule, with an $800 million CRE loan sale reducing exposure and mitigating downside risk. Deposit performance is resilient, with a $300 million sequential increase and lower customer deposit costs expected to benefit Q4 margins.
Valley National Shares Jump 5.3% as Q3 Earnings Meet Estimates
An increase in non-interest income supports VLY's Q3 earnings, while a marginal decline in NII and loans, and a surge in provisions hurt.
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
Valley National Bancorp (VLY) Q3 2024 Earnings Call Transcript
