For the quarter ended March 2026, Valley National (VLY) reported revenue of $541.64 million, up 12.9% over the same period last year. EPS came in at $0.29, compared to $0.18 in the year-ago quarter.
The reported revenue represents a surprise of +1.7% over the Zacks Consensus Estimate of $532.56 million. With the consensus EPS estimate being $0.27, the EPS surprise was +7.41%.
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: Efficiency Ratio: 53.1% versus the seven-analyst average estimate of 55.6%. Net Interest Margin: 3.2% versus the seven-analyst average estimate of 3.2%. Average Balance - Total interest earning assets: $59.72 billion versus $59.63 billion estimated by six analysts on average. Annualized ratio of total net charge-offs to total average loans: 0.1% compared to the 0.2% average estimate based on six analysts. Total Non-performing Assets: $439.57 million versus the three-analyst average estimate of $433.75 million. Total non-accrual loans: $432.65 million versus $431.77 million estimated by two analysts on average. Tier 1 risk-based capital ratio: 11.6% compared to the 11.7% average estimate based on two analysts. Total risk-based capital ratio: 13.7% versus the two-analyst average estimate of 13.8%. Total non-interest Income: $68.84 million versus the seven-analyst average estimate of $67.45 million. Net interest income - FTE: $472.8 million versus the seven-analyst average estimate of $463.54 million. Service charges on deposit accounts: $18.2 million versus the six-analyst average estimate of $16.85 million. Insurance commissions: $2.87 million versus the five-analyst average estimate of $3.44 million.View all Key Company Metrics for Valley National here>>>
Shares of Valley National have returned +8% over the past month versus the Zacks S&P 500 composite's +9.7% 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.Zacks' Research Chief Names "Stock Most Likely to Double"
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Valley National Bancorp (VLY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).