Valley National Bancorp's Q1 Adjusted Net Income Falls, Revenue Rises

MT Newswires Live04-24

Valley National Bancorp (VLY) reported Q1 adjusted net income Thursday of $0.18 per diluted share, down from $0.19 a year earlier.

Analysts polled by FactSet expected $0.19.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $478.4 million, up from $455 million a year earlier.

Analysts surveyed by FactSet expected $483.8 million.

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