The stock may react negatively to the GAAP EPS miss despite the adjusted beat, particularly given rising expenses and declining non-interest income. Monitor management's commentary on expense trends and AI investment ROI during the earnings call.
Price Chart
Executive Summary
Valley National Bank (VLY) reported Q1 2026 earnings with GAAP diluted EPS of $0.28, missing the consensus estimate of $0.27 by a narrow margin. Adjusted EPS was $0.29, representing a 7.4% beat. Revenue of $540.4 million missed consensus of $533.2 million. Net interest margin held steady at 3.17%, loan and deposit growth were strong, but non-interest income declined and expenses rose due to seasonal factors and severance charges.
Key Financial Metrics
Key Facts
- GAAP EPS of $0.28 missed consensus of $0.27; adjusted EPS of $0.29 beat by 7.4%
- Total revenue was $540.4 million, below consensus of $533.2 million
- Net interest income rose to $472.8 million (tax equivalent), up $6.7 million from prior quarter
- Loans grew $692.1 million (5.5% annualized) to $50.8 billion; deposits increased $676.5 million to $52.9 billion
- Non-interest income declined $7.5 million to $68.8 million; non-interest expense rose $10.5 million to $309.9 million
Financial Impact
Revenue and EPS near consensus with mixed drivers — modest net interest growth offset by lower fees and higher expenses
Risk Factors
- Rising non-interest expense, driven by salary increases and $5.1 million in severance charges
- Decline in non-interest income due to lower capital markets activity and fintech investment valuations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3279749 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $13.81 $14.06 | ▲ +1.81% | ▲ +2.33% | $14.10 (+2.14%) |
Oct 22, 2026 4d ago | Press Release | $13.81 $14.06 | ▲ +1.81% | ▲ +2.33% | $14.10 (+2.14%) |
Oct 21, 2026 5d ago | S-4 | $13.02 $13.81 | ▲ +6.07% | ▲ +7.25% | $14.10 (+8.33%) |
Sep 28, 2026 28d ago | 8-K | $12.78 $12.72 | ▼ −0.47% | ▼ −0.29% | $14.10 (+10.37%) |
Sep 28, 2026 28d ago | Press Release | $12.78 $12.72 | ▼ −0.47% | ▼ −0.29% | $14.10 (+10.37%) |
Aug 25, 2026 8w ago | 425 / 8-K | $14.10 $14.09 | ▼ −0.07% | ▼ −0.09% | $14.10 (+0.04%) |
Jul 23, 2026 13w ago | 8-K | $14.45 $14.34 | ▼ −0.76% | ▼ −0.86% | $14.10 (−2.39%) |
Apr 23, 2026 26w ago | Press Release | $13.77 $13.37 | ▼ −2.90% | ▼ −3.69% | $14.10 (+2.43%) |
Apr 7, 2026 28w ago | Press Release | $12.96 $13.25 | ▲ +2.24% | ▲ +1.66% | $14.10 (+8.83%) |
Feb 25, 2026 34w ago | 8-K/A | $13.37 $12.61 | ▼ −5.68% | ▼ −5.20% | $14.10 (+5.50%) |
US Market Status
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