Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- VLY's Q1 2024 EPS of 19 cents missed estimates, down 36.7% YoY. - Revenues fell 7.2%, NII declined 9.7%, while non-interest income rose 13.1%. - Total loans and deposits slightly decreased, while non-performing assets increased. - Price Impact Rating: Bearish - Impact Horizon Rating: Long-term - Type: Earnings
- VLY's Q1 2024 EPS of 19 cents missed estimates, down 36.7% YoY.
- Revenues fell 7.2%, NII declined 9.7%, while non-interest income rose 13.1%.
- Total loans and deposits slightly decreased, while non-performing assets increased.
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