NASDAQ$VLY
Valley National Bancorp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported a 25 percent increase in net income and strong net interest income and margin.
Valley National Bancorp reported a strong Q3 2020, with net income increasing by 25% compared to Q3 2019, driven by strong net interest income and margin. The company's performance reflects the strength of its balance sheet and ability to perform in a stressed economic environment.
- Net interest income on a tax equivalent basis increased by $579 thousand compared to the second quarter 2020.
- Loans increased $101.0 million from June 30, 2020.
- Non-interest income increased $4.4 million compared to the second quarter 2020.
- Efficiency ratio was 48.20 percent.
Headline financials
Revenue & EPS history
Valley National · Revenue · Quarterly
$332M
Revenue by segment
Valley National · $45.2B total across 4 segments · Q3 2022
- Total commercial real estate$28.1B—62.1%
- Commercial and industrial loans$8.7B+2709.1%19.3%
- Residential mortgage$5.18B—11.5%
- Total consumer loans$3.24B—7.2%
Forward guidance
While Valley faces a difficult and uncertain road ahead, management remains confident that Valley's strong fundamentals and commitment to its customers, employees and communities will continue to standout in the future.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.6%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+9.3%
Q1 2023
Best reaction
-8.3%
Q1 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.9% | +2.8% | +2.2% | |
| Q4 2025 | +3.0% | +7.1% | +2.8% | |
| Q3 2025 | +4.3% | +10.5% | +6.3% | |
| Q1 2025 | +1.2% | +0.5% | +0.8% | |
| Q4 2024 | -0.2% | +4.1% | -2.7% | |
| Q3 2024 | +1.6% | +5.0% | +15.8% | |
| Q2 2024 | +5.1% | +4.7% | +13.5% | |
| Q1 2024 | -6.6% | -10.6% | -6.1% | |
| Q4 2023 | -4.3% | -3.4% | -21.9% | |
| Q3 2023 | +0.1% | +0.4% | +13.2% | |
| Q2 2023 | -1.4% | -3.8% | -15.0% | |
| Q1 2023 | +9.3% | -14.9% | -11.0% | |
| Q4 2022 | +3.0% | +7.0% | +5.5% | |
| Q3 2022 | +3.0% | +2.8% | +8.4% | |
| Q2 2022 | +4.1% | +4.1% | +8.0% | |
| Q1 2022 | -2.0% | -1.8% | +4.5% | |
| Q4 2021 | -5.7% | -4.3% | -3.4% | |
| Q3 2021 | -1.2% | +3.9% | +3.6% | |
| Q2 2021 | -0.9% | -1.4% | +1.1% | |
| Q1 2021 | -1.6% | +2.1% | +2.4% | |
| Q4 2020 | -1.7% | +0.8% | +17.9% | |
| Q3 2020 | +5.8% | -1.0% | +20.4% | |
| Q2 2020 | +3.5% | -0.8% | -0.4% | |
| Q1 2020 | -4.6% | -8.0% | -3.9% | |
| Q4 2019 | -3.4% | +0.0% | -14.7% | |
| Q3 2019 | +0.3% | +2.9% | +2.1% | |
| Q2 2019 | +1.2% | +1.8% | -7.8% | |
| Q1 2019 | +0.3% | +1.3% | -1.5% | |
| Q4 2018 | -2.5% | -1.1% | +2.0% | |
| Q3 2018 | +0.3% | +5.1% | +4.8% | |
| Q2 2018 | -6.1% | -7.8% | -5.1% | |
| Q1 2018 | +3.2% | +1.7% | +3.9% | |
| Q4 2017 | +4.7% | +2.9% | +5.8% | |
| Q3 2017 | -2.4% | -3.7% | -5.4% | |
| Q2 2017 | -5.9% | -4.2% | -9.1% | |
| Q1 2017 | +0.4% | -0.7% | -5.0% | |
| Q4 2016 | +6.8% | +5.7% | +9.0% | |
| Q3 2016 | +1.4% | +0.9% | +16.7% | |
| Q2 2016 | -0.8% | -1.0% | +4.6% | |
| Q1 2016 | -6.7% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +5.8% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -2.0% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | -6.9% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | +3.8% | — | — | |
| Q1 2013 | -8.3% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q4 2008 | +0.5% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q2 2011 | -2.7% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | -1.6% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q3 2009 | -2.9% | — | — | |
| Q4 2009 | +0.1% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q2 2009 | +0.1% | — | — |
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