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United States

Valley National Bancorp (VLY)

VLY on New York Consolidated

11.64USD
24 Mar 2017
Change (% chg)

$0.02 (+0.17%)
Prev Close
$11.62
Open
$11.68
Day's High
$11.74
Day's Low
$11.54
Volume
1,507,248
Avg. Vol
2,305,858
52-wk High
$12.82
52-wk Low
$8.49

Latest Key Developments (Source: Significant Developments)

Valley National Bancorp reports Q4 earnings per share $0.19
Wednesday, 25 Jan 2017 08:00am EST 

Valley National Bancorp : Valley National Bancorp says net interest income on a tax equivalent basis of $166.6 million for q4 of 2016 increased $10.3 million as compared to q3 of 2016 . Valley National Bancorp reports strong increase in fourth quarter net income, solid net interest margin and commercial loan growth . Q4 earnings per share $0.19 . Q4 earnings per share view $0.18 -- Thomson Reuters I/B/E/S .Valley National Bancorp - net interest margin on tax equivalent basis increased 13 basis points to 3.27 percent in Q4 of 2016 as compared to 3.14 percent for Q3 of 2016.  Full Article

Valley National Bancorp reports $405 mln debt modification
Tuesday, 9 Aug 2016 04:36pm EDT 

Valley National Bancorp : Valley national bancorp reports a $405 million debt modification and other long-term borrowing cost enhancements . Debt transactions will result in pre-tax interest expense savings of approximately $4.8 million on an annualized basis . Valley terminated a fair value interest rate swap with a notional amount of $125 million in august 2016 .Prepayment penalties will not result in a loss charged to earnings in q3 of 2016.  Full Article

Valley National Bancorp Q2 earnings per share $0.15
Wednesday, 27 Jul 2016 08:00am EDT 

Valley National Bancorp : Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S . Net interest income of $151.5 million for three months ended June 30, 2016 increased $3.3 million as compared to q1 of 2016 . Net interest margin on tax equivalent basis of 3.14 percent for q2 of 2016 increased 6 basis points from q1 of 2016 .Valley national bancorp reports a 16 percent increase in second quarter net income, solid loan growth and asset quality.  Full Article

Valley National Bancorp declares preferred stock cash dividend
Wednesday, 19 Aug 2015 08:55am EDT 

Valley National Bancorp:Declares preferred stock cash dividend of $0.438368 per share.Payable on Sept. 30 to shareholders of record on Sept. 11 on its 6.25% Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A.  Full Article

Valley National Bancorp commences subordinated notes and preferred stock offerings
Tuesday, 16 Jun 2015 06:54am EDT 

Valley National Bancorp:Says that it has commenced public offerings of its subordinated debentures and non-cumulative perpetual preferred stock.Valley intends to use the net proceeds from these offerings for general corporate purposes, potential strategic acquisitions and investments in Valley National Bank as regulatory capital.Sandler O'Neill + Partners, L.P., Keefe, Bruyette & Woods, A Stifel Company and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Notes offering.Sandler O'Neill + Partners, L.P., Keefe, Bruyette & Woods, A Stifel Company and RBC Capital Markets are acting as joint book-running managers for the Preferred Stock offering.  Full Article

Valley National Bancorp to acquire CNLBancshares
Wednesday, 27 May 2015 07:00am EDT 

Valley National Bancorp and CNLBancshares Inc:Enters into a merger agreement whereby the common shareholders of CNLBancshares will receive 0.75 of a share of Valley common stock for each CNLBancshares share they own, subject to adjustment in the event Valley's average stock price falls below $8.80 or rises above $10.13 prior to closing.Says transaction is valued at an estimated $207 million, based on Valley's closing stock price on May 22, 2015.Anticipates this transaction will be accretive to Valley's earnings within 12 months from closing.  Full Article

Valley National Bancorp to pay cash dividend
Wednesday, 20 May 2015 02:48pm EDT 

Valley National Bancorp:Says common stock cash dividend of $0.11 per share will be paid July 1, to shareholders of record on June 15.  Full Article

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BRIEF-Valley National Bancorp posts Q3 earnings of $0.16/share

* Valley National Bancorp reports a 19 percent increase in third quarter net income, strong commercial loan growth and maintains net interest margin