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Valley National reports Q1 adjusted EPS 19c, consensus 20c

Reports Q1 revenue $454.96M, consensus $455.12M. Ira Robbins, CEO commented, “I am extremely pleased with the first quarter’s strong financial results. Asset quality results remain extremely stable, and our provision for credit losses reflects the rigorous stress testing efforts that we continue to undertake. We have proactively slowed loan growth and undertaken modest balance sheet efforts to enhance our financial flexibility.”

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