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Valley National Bank VLY Bank Owned Life Insurance
Bank Owned Life Insurance at other companies
Other financials
Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.
The source filing: Valley National Bank’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000714310-26-000041
| (in thousands, except for share data) / Assets | June 30,2026 / (Unaudited) | December 31,2025 |
|---|---|---|
| Net loans | 51,876,651 | 49,553,328 |
| Premises and equipment, net | 316,364 | 330,757 |
| Lease right of use assets | 298,807 | 313,891 |
| Bank owned life insurance | 742,230 | 738,090 |
| Accrued interest receivable | 250,703 | 243,897 |
| Goodwill | 1,868,936 | 1,868,936 |
| Other intangible assets, net | 89,199 | 100,875 |
| Other assets | 1,730,457 | 1,592,321 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's bank owned life insurance?
- Valley National Bank (VLY) reported bank owned life insurance of $742.23M in Q2 2026.
- How has Valley National Bank's bank owned life insurance changed year-over-year?
- Valley National Bank's bank owned life insurance increased by 1.0% year-over-year, from $735.03M to $742.23M.
- What is the long-term trend for Valley National Bank's bank owned life insurance?
- Over 5 years (2020 to 2025), Valley National Bank's bank owned life insurance has grown at a 6.6% compound annual growth rate (CAGR), from $535.21M to $738.09M.
- What does bank owned life insurance mean?
- Bank Owned Life Insurance (BOLI) represents life insurance policies purchased by the bank on the lives of key employees where the bank is the beneficiary. It serves as a tax-advantaged investment vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies is recorded as a long-term asset on the balance sheet.
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