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VLY reported $454.2 million in revenue, down 5.3% year-over-year. EPS of $0.13 missed estimates, declining from $0.28 a year ago. VLY's efficiency ratio was 59.6%, slightly better than estimates of 59.8%. The stock returned +18.5% over the past month, outperforming the S&P 500. Zacks Rank #4 indicates potential underperformance in the near term.
- VLY reported $454.2 million in revenue, down 5.3% year-over-year.
- EPS of $0.13 missed estimates, declining from $0.28 a year ago.
- VLY's efficiency ratio was 59.6%, slightly better than estimates of 59.8%.
- The stock returned +18.5% over the past month, outperforming the S&P 500.
- Zacks Rank #4 indicates potential underperformance in the near term.
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