Earnings Per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

Common stock equivalents represent the effect of outstanding common stock options and warrants to purchase Valley’s common shares, excluding those with exercise prices that exceed the average market price of Valley’s common stock during the periods presented and therefore would have an anti-dilutive effect on the diluted earnings per common share calculation. All of Valley's common stock equivalents were anti-dilutive as of September 30, 2014 and 2013, and therefore excluded from the diluted weighted-average number of shares outstanding presented on the consolidated statements of income. Anti-dilutive common stock options and warrants totaled approximately 6.6 million shares for both the three and nine months ended September 30, 2014 and 7.2 million shares for both the three and nine months ended September 30, 2013.