First-Quarter Earnings Off 27% at Valley National

Summary


WAYNE -- Valley National Bancorp, the holding company for Valley National Bank, said first-quarter earnings declined 27 percent as a weak economy continued to limit growth.

The company earned $27.4 million, or 17 cents a share, compared with earnings of $37.4 million, or 22 cents, from a year ago.

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Extract


First-Quarter Earnings Off 27% at Valley National

"Despite recently reported improvements in certain economic indic...

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