Last $9.79 USD
Change Today +0.05 / 0.51%
Volume 638.1K
VLY On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

valley national bancorp (VLY) Key Developments

Valley National Bancorp Announces Quarterly Cash Dividend, Payable on January 2, 2015

Valley National Bancorp announced that a common stock cash dividend of $0.11 per share will be paid January 2, 2015 to shareholders of record on December 15, 2014. The dividend amount per share was unchanged as compared to the previous quarterly cash dividend.

Valley National Bancorp Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Effective Tax Rate Guidance for the Fourth Quarter of 2014; Announces Net Charge Offs for the Third Quarter Ended September 30, 2014

Valley National Bancorp announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $155,459,000 against $153,779,000 for the same period last year. Net interest income was $114,668,000 against $111,669,000 for the same period last year. Income before income taxes was $38,336,000 against $34,264,000 for the same period last year. Net income was $27,682,000 or $0.14 per basic and diluted share against $27,121,000 or $0.14 per basic and diluted share for the same period last year. Annualized return on average on assets was 0.67% against 0.68% a year ago. Annualized return on average shareholders' equity was 7.00% against 7.11% a year ago. For the nine months, the company reported total interest income of $465,661,000 against $459,182,000 for the same period last year. Net interest income was $346,111,000 against $331,592,000 for the same period last year. Income before income taxes was $114,272,000 against $123,271,000 for the same period last year. Net income was $91,037,000 or $0.45 per basic and diluted share against $92,353,000 or $0.46 per basic and diluted share for the same period last year. Book value as of September 30, 2014 was $7.89 against $7.62 a year ago. Tangible book value as on September 30, 2014 was $5.61 per share compared to $5.28 per share on September 30, 2013. Annualized return on average on assets was 0.74% against 0.77% a year ago. Annualized return on average shareholders' equity was 7.76% against 8.12% a year ago. For the quarter, the company reported that net charge offs were $615,000 compared to $9,139,000 a year ago. For the fourth quarter of 2014, the company anticipates that its effective tax rate will range from 27% to 29% primarily reflecting the impacts of tax-exempt income, tax-advantaged investments and general business credits.

Valley National Bancorp Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Valley National Bancorp Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Valley National Bancorp Announces Retirement of Walter H. Jones, III as Member of Board

On October 21, 2014, Walter H. Jones, III, a member of the Board of Directors of Valley National Bancorp notified the company that he will not stand for re-election to the Board at the 2015 annual meeting of shareholders and will retire at the conclusion of his term.

Valley National Bancorp to Report Q3, 2014 Results on Oct 29, 2014

Valley National Bancorp announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 29, 2014

 

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VLY

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Valuation VLY Industry Range
Price/Earnings 15.0x
Price/Sales 3.6x
Price/Book 1.2x
Price/Cash Flow 17.3x
TEV/Sales NM Not Meaningful
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