Valley National Bank VLY Provision for Credit Losses
Provision for Credit Losses at other companies
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Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept vly:AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity.
The official record: Valley National Bank’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Valley National Bank's provision for credit losses?
- Valley National Bank (VLY) reported provision for credit losses of $21.26M in Q1 2026.
- How has Valley National Bank's provision for credit losses changed year-over-year?
- Valley National Bank's provision for credit losses decreased by 66.1% year-over-year, from $62.66M to $21.26M.
- What is the long-term trend for Valley National Bank's provision for credit losses?
- Over 4 years (2021 to 2025), Valley National Bank's provision for credit losses has grown at a 43.9% compound annual growth rate (CAGR), from $32.63M to $139.77M.
- What does provision for credit losses mean?
- This represents the provision expense set aside to cover potential future losses on the bank's loan portfolio. It is a critical indicator of management's assessment of credit risk and the health of the underlying loan book.