Valley National Q4 Earnings Miss Estimates on Higher Provisions Y/Y
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Valley National's Q4 2024 earnings missed estimates due to increased provisions, higher adjusted expenses, and lower non-interest income. However, the company saw a positive in higher net interest income.
January 24, 2025 | 3:15 pm
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Valley National's Q4 2024 earnings were below expectations due to increased provisions and expenses, along with lower non-interest income. However, the company experienced a positive aspect with higher net interest income.
The earnings miss is primarily due to higher provisions and expenses, which are negative factors for the stock price. The increase in net interest income is a positive, but it may not be enough to offset the negatives in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100