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0 0 0.0135507246376811 0.00362318840579715 0.000724637681159405 0 -0.00869565217391299 -0.00869565217391299
Stock impact report

Valley National Bancorp Q1 Earnings Call Highlights [Yahoo! Finance]

Valley National Bancorp (VLY) 
Last valley national bancorp earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: valleynationalbank.com
Company Research Source: Yahoo! Finance
adjusted pre-provision net revenue of $253 million, and management said annual net interest income is tracking toward the high end of guidance as loan growth and margins (potential upside to a 3.30% year-end target) accelerate into the second half. Management's strategic priorities are strengthening the funding franchise, pursuing relationship-focused lending (business banking, middle market, healthcare) and improving operating leverage, while the bank is reinvesting earlier tech and data work into AI use cases — from voice collections and fraud detection to next-best-offer sales tools and back-office automation. Funding and capital trends improved: direct customer deposits rose by over $900 million (allowing payoff of ~$300M brokered deposits and ~$350M FHLB advances), total deposit cost fell ~18 bps, the bank generated 30 basis points of regulatory capital, and repurchased 4 million shares for roughly $52 million while targeting a CET1 range of 10.5%–11%. Interested in Valley Show less Read more
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