Valley National Bancorp Q4 Profit Climbs

Valley National Bancorp (VLY) released earnings for its fourth quarter that increased from last year

The company's bottom line totaled $115.7 million, or $0.20 per share. This compares with $71.6 million, or $0.13 per share, last year.

Excluding items, Valley National Bancorp reported adjusted earnings of $75.7 million or $0.13 per share for the period.

The company's revenue for the period rose 5.4% to $474.179 million from $449.966 million last year.

Valley National Bancorp earnings at a glance (GAAP) :

-Earnings: $115.7 Mln. vs. $71.6 Mln. last year.
-EPS: $0.20 vs. $0.13 last year.
-Revenue: $474.179 Mln vs. $449.966 Mln last year.

by RTTNews Staff Writer

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