VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Results of Operations and Financial Condition
On January 25, 2017 Valley National Bancorp (“Valley”) issued a press release reporting 2016 fourth quarter results of operations.
A copy of the press release is attached to this Current Report Form 8-K as Exhibit 99.
The information disclosed in this Item 2.02 shall be considered “furnished” but not “filed” for purposes of the Securities Exchange Act of 1934, as amended.
Valley’s 2016 fourth quarter press release contains certain supplemental financial information, described in the Notes to Selected Financial Data included in Exhibit 99, which has been determined by methods other than U.S. Generally Accepted Accounting Principles (“GAAP”). Management internally reviews each of these non-GAAP financial measures to evaluate performance on a comparative period to period basis. Management believes these non-GAAP financial measures provide information useful to investors in understanding Valley’s financial results, the impact of such non-GAAP financial measures on Valley’s operating results and financial condition.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99 Press Release dated January 25, 2017.
The Press Release disclosed in this Item 9.01 as Exhibit 99 shall be considered “furnished” but not “filed” for purposes of the Securities Exchange Act of 1934, as amended.
About VALLEY NATIONAL BANCORP (NYSE:VLY)
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company’s investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida. VALLEY NATIONAL BANCORP (NYSE:VLY) Recent Trading Information
VALLEY NATIONAL BANCORP (NYSE:VLY) closed its last trading session up +0.49 at 11.91 with 2,195,854 shares trading hands.
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company’s investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida. VALLEY NATIONAL BANCORP (NYSE:VLY) Recent Trading Information
VALLEY NATIONAL BANCORP (NYSE:VLY) closed its last trading session up +0.49 at 11.91 with 2,195,854 shares trading hands.