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Valley National posts 1Q profit

WAYNE, N.J. (AP) _ Valley National Bancorp (VLY) on Wednesday reported first-quarter earnings of $46.1 million.

The bank, based in Wayne, New Jersey, said it had earnings of 17 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share.

The holding company for Valley National Bank posted revenue of $224.2 million in the period. Its adjusted revenue was $187.6 million.

Valley National shares have increased slightly more than 3 percent since the beginning of the year. The stock has risen 20 percent in the last 12 months.


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


Keywords: Valley National, Earnings Report