Search...
Valley National Bancorp | 10-Q: FY2025 Q3 Revenue: USD 891.81 B
I'm PortAI, I can summarize articles.
Revenue: As of FY2025 Q3, the actual value is USD 891.81 B.
EPS: As of FY2025 Q3, the actual value is USD 0.28, beating the estimate of USD 0.2564.
EBIT: As of FY2025 Q3, the actual value is USD -236.27 B.
Commercial Banking Segment
- Net Income: $163.4 million for Q3 2025, compared to $97.9 million for Q3 2024.
- Operating Costs: Total non-interest expense was $282.0 million for Q3 2025, compared to $269.5 million for Q3 2024.
- Unique Metrics: Provision for credit losses for loans was $19.2 million for Q3 2025, compared to $75.0 million for Q3 2024.
Future Outlook and Strategy
- Core Business Focus: The company continues to focus on managing credit quality and maintaining a strong balance sheet. The provision for credit losses for loans was significantly reduced to $19.2 million for Q3 2025 from $75.0 million for Q3 2024, indicating improved credit conditions.
- Priority: The company aims to maintain strong credit quality and manage operating expenses effectively.
Source: LB filings The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments