NEW YORK (AP) _ Valley National Bancorp (VLY) on Thursday reported fourth-quarter profit of $105.4 million.

The New York-based bank said it had earnings of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The holding company for Valley National Bank posted revenue of $381.6 million in the period. Its revenue net of interest expense was $335.5 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $331.9 million.

For the year, the company reported profit of $390.6 million, or 93 cents per share. Revenue was reported as $1.3 billion.

Valley National shares have risen nearly 7% since the beginning of the year. The stock has decreased nearly 7% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLY at https://www.zacks.com/ap/VLY

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