Valley National Bancorp Non-GAAP EPS of $0.30 misses by $0.01, revenue of $560.74M beats by $3.71M
Seeking Alpha ·
Valley National Bancorp press release ( VLY ): Q2 Non-GAAP EPS of $0.30 misses by $0.01 . Revenue of $560.74M (+13.3% Y/Y) beats by $3.71M . Net Interest Margin and Income: Our net interest margin on a tax equivalent basis of 3.20 percent for the
AI 시장 분석
Valley National Bancorp (VLY) reported a Q2 Non-GAAP EPS of $0.30, missing the market estimate by $0.01. Meanwhile, revenue increased 13.3% year-over-year to $560.74 million, slightly beating expectations. The Net Interest Margin (NIM) was recorded at 3.20%. These results reflect a mix of sluggish profitability metrics and solid top-line growth.
상승 영향
- Banks — Revenue increased by 13.3% year-over-year to $560.74 million, beating market expectations and demonstrating top-line growth.
하락 영향
- Banks — Non-GAAP EPS came in at $0.30, missing estimates by $0.01 and failing to meet market expectations for profitability improvement.
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