NEW YORK (AP) _ Valley National Bancorp (VLY) on Thursday reported third-quarter net income of $178.1 million.
The New York-based bank said it had earnings of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The holding company for Valley National Bank posted revenue of $592.9 million in the period. Its revenue net of interest expense was $510.2 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $505.8 million.
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