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Valley National Bancorp  (VLY)
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    Sector  Financial    Industry Money Center Banks
 
 

EARNINGS REPORT by CSIMarket

EPS Growth Accelerates Sharply


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Valley National Bancorp announced forth quarter 2016 operating income of $119.002 millions



For the forth quarter 2016 earnings per share soared by 1468.81 % to $0.19 per share, followed by Revenue increase of 14.64 % to $193 millions, compared with the prior year period.

From third quarter 2016, income per share increased by 17.44 % from $0.16 per share and Revenues advanced by 11.61 % from $173 millions.

Net income of $50 millions in the forth quarter 2016 increased by 972.36 % from net earnings of $5 millions reported in the forth quarter 2016 a year ago. Valley National Bancorp also emphasized it's improving profit margins, where net margin rose to 25.92% in forth quarter 2016, and operating margin edged up to 61.58%.
Looking into financial results for the fiscal year 2016, Valley National Bancorp reported Revenues of $710 millions and net income of $168 millions.

Money Center Banks Company explained also, that Eps soared by 50 % to $0.63 per share from $0.42 in the previous fiscal year, while Revenues advanced by 13.34 % from $626 millions a year ago.

Valley National Bancorp is expected to report next financial results on May 09, 2017.
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Valley National Bancorp reported third quarter 2016 earnings

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