An announcement from Valley National Bancorp ( (VLY) ) is now available.
Valley National Bancorp announced a robust financial performance for Q3 2024, reporting a net income increase to $97.9 million from $70.4 million in Q2. The company continued to enhance its strategic balance sheet, highlighted by a significant agreement to sell over $800 million in commercial real estate loans. Despite challenges from weather events, Valley’s net interest income and non-interest income improved, reflecting solid growth and financial flexibility. The company’s focus remains on supporting communities affected by recent hurricanes while pursuing strategic growth opportunities.
See more insights into VLY stock on TipRanks’ Stock Analysis page.
