Valley National: Q2 Earnings Snapshot – mySA

NEW YORK (AP) _ Valley National Bancorp (VLY) on Thursday reported second-quarter earnings of $96.4 million.

The New York-based bank said it had earnings of 18 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The holding company for Valley National Bank posted revenue of $511.5 million in the period. Its revenue net of interest expense was $476.7 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $451.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLY at https://www.zacks.com/ap/VLY

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