WAYNE, N.J. -- Valley National Bancorp posted third-quarter net income of $14.1 million, a 4.2% increase from the $13.5 million it earned in the same period last year.
Earnings per share at the $3.5 billion-asset bank were 52 cents, up one cent from last year's third-quarter.
The bank said growth was primarily fueled by a 15.7% pickup in loans. Total loans grew to $2 billion, from $1.7 billion in the third quarter of last year.
The bank, which made its results public last week, also reported a 43.9% efficiency ratio.