NASDAQ$VLY
Valley National Bancorp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Valley National's earnings increased by 45 percent due to strong net interest income and margin.
Valley National Bancorp reported a strong third quarter in 2022, with net income of $178.1 million, or $0.34 per diluted common share, compared to $122.6 million, or $0.29 per diluted common share, for the third quarter 2021.
- Net interest income on a tax equivalent basis increased to $455.3 million.
- Net interest margin on a tax equivalent basis increased to 3.60 percent.
- Total loans increased by $1.6 billion to $45.2 billion.
- Net recoveries of loan charge-offs totaled $5.6 million.
Headline financials
Revenue & EPS history
Valley National · Revenue · Quarterly
$510M
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
No specific forward guidance was provided in the text.
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 2022
-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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