Valley National Bancorp (VLY)
| Market Cap | 3.94B |
| Revenue (ttm) | 1.77B |
| Net Income (ttm) | 431.86M |
| Shares Out | 508.89M |
| EPS (ttm) | 0.86 |
| PE Ratio | 9.01 |
| Forward PE | 8.05 |
| Dividend | $0.44 (5.68%) |
| Ex-Dividend Date | Mar 13, 2024 |
| Volume | 3,605,871 |
| Open | 7.61 |
| Previous Close | 7.59 |
| Day's Range | 7.51 - 7.77 |
| 52-Week Range | 6.39 - 11.22 |
| Beta | 1.12 |
| Analysts | Hold |
| Price Target | 9.06 (+16.9%) |
| Earnings Date | Apr 25, 2024 |
About VLY
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insura... [Read more]
Financial Performance
In 2023, VLY's revenue was $1.84 billion, an increase of 1.96% compared to the previous year's $1.81 billion. Earnings were $482.38 million, a decrease of -13.20%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for VLY stock is "Hold." The 12-month stock price forecast is $9.06, which is an increase of 16.90% from the latest price.
News
Valley Bank Invested More than $3 Billion to Support Its Communities in 2023
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley Bank releases 2023 Corporate Social Responsibility (CSR) report; invested more than $3 Billion to support its communities.
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First Citizens' stock boosted by first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.'s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleague...
Valley National Bancorp Announces First Quarter 2024 Results
NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2024 of $96.3 million, ...
Valley National Bancorp to Announce First Quarter 2024 Earnings
NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2024 earnings before ...
What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.
The Present and Future of Proptech: Charting a Clearer Path in Murky Markets
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley Bank's The Present and Future of Proptech report examines key macro factors shaping Proptech on the economic, demographic and market fronts.
Valley Bank's New York City Commercial Banking Team Closes $150 Million Syndicated Credit Facility to a Premier New York -Based Finance Company
NEW YORK--(BUSINESS WIRE)--Valley Bank, announces its NYC Commercial Banking Team closed a $150 million senior revolving credit facility for a New York-based finance company.
Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure
Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses ...
Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...
Valley National and Other Regional Banks Stocks Drop in Tandem With NYCB
Two years of rapidly rising interest rates have driven down property prices and made it harder for banks' clients to pay off loans.
Valley National Bank CEO on NYCB closure and dealings with regulators
Ira Robbins, Valley National Bank chairman and CEO, joins 'Power Lunch' to discuss the chief executive's sentiment after hearing news about New York Community Bank, how Robbins would characterize thei...
Valley National Bancorp Declares Its Regular Quarterly Preferred And Common Stock Dividends
NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.
Valley National Bancorp Announces Adoption Of Share Repurchase Program
NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board of Directors approved a stock repurchase program authorizing the purchase of ...
Valley National CEO Sees Real Estate Loans in Strong Shape
Ira Robbins, CEO at Valley National Bank, says, “we have not had to restructure one loan of that whole $2.8 billion” of loans that have repriced or matured in the last year as he discusses the bank's ...
As the NYCB stock collapses, OZK, GBCI, VLY, HOMB are at risk
The New York Community Bancorp (NYSE: NYCB) stock price has collapsed this week and revived the memories of last year's banking crisis that led to the collapse of Silicon Valley Bank (SVB) and First R...
2 Regional bank selloff continues as New York Community Bancorp slumps
A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed fears about th...
Regional Bank Stock Sell-Off Sparked By Commercial Real Estate Loan Fears
Regional U.S. banking stocks slipped sharply on Thursday as a surprise quarterly loss posted by New York Community Bancorp (NYCB) sparked fears that commercial real estate loans (CRE) pose broader ris...
Valley National Bancorp Reports Fourth Quarter 2023 Results
NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2023 of $71.6 million,...
Valley National Bancorp to Announce Fourth Quarter 2023 Earnings
NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2023 earnings before ...
Valley National Bank Promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank announces the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).
Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
NEW YORK, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends.
Valley National Bank Launches Community Home Equity Line of Credit Program
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank launches new Community Home Equity Line of Credit Program designed to support the needs of low-to-moderate income (LMI) borrowers.
Valley National Bank Strengthens Syndications Capabilities with the Hire of Robert Danziger as Head of Syndications
MORRISTOWN, N.J.--(BUSINESS WIRE)--Robert Danziger, joins Valley Bank as Managing Director, First Senior Vice President, and Head of the Bank's Syndicated Finance business.
Valley National Bank Celebrates Opening of New Headquarters in Morristown, N.J.
MORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bank's new headquarters in Morristown, NJ. was developed by SJP Properties in partnership with Scotto Properties and Gensler.