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Valley National (VLY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2026, Valley National (VLY - Free Report) reported revenue of $562.1 million, up 13.3% over the same period last year. EPS came in at $0.30, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $552.02 million. With the consensus EPS estimate being $0.31, the EPS surprise was -3.23%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Valley National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.2% versus 3.2% estimated by four analysts on average.
Annualized ratio of total net charge-offs to total average loans: 0.2% versus the four-analyst average estimate of 0.2%.
Efficiency Ratio: 52.1% versus the four-analyst average estimate of 52.7%.
Average Balance - Total interest earning assets: $61.06 billion compared to the $60.69 billion average estimate based on four analysts.
Total risk-based capital ratio: 13.8% compared to the 13.6% average estimate based on two analysts.
Tier 1 risk-based capital ratio: 11.4% compared to the 11.6% average estimate based on two analysts.
Total non-accrual loans: $462.63 million compared to the $430.49 million average estimate based on two analysts.
Total Non-performing Assets: $467.78 million versus $437.47 million estimated by two analysts on average.
Service charges on deposit accounts: $18.73 million versus $18.12 million estimated by four analysts on average.
Bank owned life insurance: $5.91 million versus the four-analyst average estimate of $5.31 million.
Gains on sales of loans, net: $1.74 million compared to the $2.79 million average estimate based on four analysts.
Wealth management and trust fees: $17.66 million versus $16.27 million estimated by four analysts on average.
Shares of Valley National have returned -0.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Valley National (VLY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2026, Valley National (VLY - Free Report) reported revenue of $562.1 million, up 13.3% over the same period last year. EPS came in at $0.30, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $552.02 million. With the consensus EPS estimate being $0.31, the EPS surprise was -3.23%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Valley National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Valley National here>>>
Shares of Valley National have returned -0.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.