Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $9.40 USD
Change Today +0.01 / 0.11%
Volume 1.6M
VLY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

valley national bancorp (VLY) Key Developments

Valley National Bancorp Announces Preferred Stock Dividend, Payable on September 30, 2015; Announces Common Stock Dividend, Payable on October 01, 2015

Valley National Bancorp announced that it will pay a cash dividend of USD 0.438368 per share on its 6.25% fixed-to-floating rate non-cumulative perpetual preferred stock series. The dividend will be paid to shareholders of record on September 11, 2015, on September 30, 2015. Also, The company declared a common stock cash dividend of USD 0.11 per share that is unchanged from that paid out in the last quarter. This will be paid on October 01, 2015 to shareholders of record on September 15, 2015.

Valley National Bancorp Plans to Close and Consolidate 13 Branch Locations

Wayne, N.J.-based Valley National Bancorp, the parent of Valley National Bank, plans to close and consolidate 13 branch locations during the second half of 2015. The branches - 12 in New Jersey and one in New York City - represent about 6% of the company's current branch network and are a mix of leased and owned properties.

Valley National Bancorp Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter of 2015

Valley National Bancorp announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $136,177,000 compared with $117,419,000 for the same period a year ago. Net income was $31,991,000 or $0.14 per basic and diluted share compared with $29,520,000 or $0.15 per basic and diluted share for the same period a year ago. Annualized return on average shareholders' equity was 6.75% compared with 7.54% for the same period a year ago. Annualized return on average tangible shareholders' equity was 9.96% compared with 10.68% for the same period a year ago. Annualized return on average assets was 0.67% compared to 0.72% a year ago. For the six months, the company reported net interest income of $268,263,000 compared with $231,443,000 for the same period a year ago. Net income was $62,332,000 or $0.27 per basic and diluted share compared with $63,355,000 or $0.32 per basic and diluted share for the same period a year ago. Annualized return on average shareholders' equity was 6.62% compared with 8.14% for the same period a year ago. Annualized return on average tangible shareholders' equity was 9.81% compared with 11.59% for the same period a year ago. Annualized return on average assets was 0.66% compared to 0.78% a year ago. Book value as at June 30, 2015 was $8.06 compared to $7.85 as at June 30, 2014. Tangible book value as at June 30, 2015 was $5.43 compared to $5.55 as at June 30, 2014. For the quarter, the company reported Net charge-offs of $4,178,000 compared to $9,842,000 a year ago.

Valley National Bancorp Announces Retirement of Albert L. Engel as Executive Vice President and Chief Retail Lending Officer

On June 24, 2015, Albert L. Engel, Executive Vice President and Chief Retail Lending Officer of Valley National Bancorp, notified the company of his intention to retire on a date to be agreed upon in the second half of 2016.

Valley National Bancorp to Report Q2, 2015 Results on Jul 30, 2015

Valley National Bancorp announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 30, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
VLY:US $9.40 USD +0.01

VLY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BancorpSouth Inc $23.42 USD +0.21
FNB Corp/PA $12.48 USD -0.06
Fulton Financial Corp $12.08 USD -0.02
Texas Capital Bancshares Inc $53.06 USD +1.03
Washington Federal Inc $22.46 USD +0.03
View Industry Companies
 

Industry Analysis

VLY

Industry Average

Valuation VLY Industry Range
Price/Earnings 18.1x
Price/Sales 3.9x
Price/Book 1.2x
Price/Cash Flow 19.0x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact VALLEY NATIONAL BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.