Valley National Bancorp reported consolidated net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net loan charge-offs totaled $22.4 million, largely due to the partial charge-off of a single non-performing loan, as compared to net recoveries of loan charge-offs of $5.6 million and $624 thousand for the third quarter 2022 and fourth quarter 2021, respectively.
Real-time Estimate
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5-day change | 1st Jan Change | ||
7.915 USD | +0.06% |
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+13.95% | -26.66% |
09/07 | Banks' Net Interest Income in Focus Ahead of Earnings Season, RBC Says | MT |
09/07 | RBC Lowers Price Target on Valley National Bancorp to $8 From $9, Keeps Outperform Rating | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-26.66% | 4.03B | |
+27.64% | 608B | |
+31.75% | 343B | |
+14.14% | 267B | |
+23.77% | 205B | |
+17.42% | 178B | |
+15.44% | 179B | |
+4.91% | 157B | |
+13.45% | 156B | |
+19.41% | 149B |
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- Valley National Bancorp Reports Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2022