Regional banking company Valley National Bancorp (NASDAQ: VLY) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.
Valley National Bank beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $495 million, up 9.3% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue estimates but net interest income in line with analysts’ estimates.
Is Valley National Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Valley National Bank’s revenue to grow 8.2% year on year to $510 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Valley National Bank has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Valley National Bank’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. East West Bank delivered year-on-year revenue growth of 18.3%, beating analysts’ expectations by 7.1%, and First Horizon reported revenues up 7.5%, topping estimates by 7.7%. First Horizon traded down 13.3% following the results.
Read our full analysis of East West Bank’s results here and First Horizon’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Valley National Bank is down 4.8% during the same time and is heading into earnings with an average analyst price target of $12.73 (compared to the current share price of $10.22).
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