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Valley National Bank VLY Occupancy and equipment

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Segments

By segment

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Commercial Banking$17.05M-5.5%
Consumer Banking$4.77M+12.0%

Other financials

Income statement

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Revenue$560.7M+13.3%
Net income$170.9M+28.3%
EPS (diluted)$0.29+31.8%

Balance sheet

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Cash & equivalents$966.9M-18.5%
Total debt$433.5M+167%
Total equity$7.9B+4.5%
Total assets$66.3B+5.8%

Cash flow

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Operating cash flow$163.5M+2.8%
CapEx$3.3M+7.7%
Free cash flow$160.2M+2.7%

Valuation

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Market cap$8.17B+58.3%
Enterprise value$7.64B+84.6%
P/E11.8×+0.4×
P/S3.8×+1.1×

Profitability

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Net margin32.2%+8.6pp
FCF margin25.9%

Returns & leverage

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Return on equity9%+2.6pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Valley National Bank in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total non-interest income73,71162,604142,547120,898
Non-Interest Expense
Salary and employee benefits expense150,432145,422306,147288,040
Net occupancy expense27,17925,48354,36151,371
Technology, furniture and equipment expense33,24730,66765,12560,563
FDIC insurance assessment11,69112,19222,16725,059
Amortization of other intangible assets6,2687,42713,18715,446
Professional and legal fees29,53319,97054,67535,640

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's occupancy and equipment?
Valley National Bank (VLY) reported occupancy and equipment of $27.18M in Q2 2026.
How has Valley National Bank's occupancy and equipment changed year-over-year?
Valley National Bank's occupancy and equipment increased by 6.7% year-over-year, from $25.48M to $27.18M.
What is the long-term trend for Valley National Bank's occupancy and equipment?
Over 4 years (2021 to 2025), Valley National Bank's occupancy and equipment has grown at a 3.0% compound annual growth rate (CAGR), from $90.93M to $102.29M.
What does occupancy and equipment mean?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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