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Valley National Bank VLY Income tax credits and Other income tax benefits recognized in tax provision
Income tax credits and Other income tax benefits recognized in tax provision 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:AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount.
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 item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Components of income tax expense: | ||||
| Affordable housing tax credits and other tax benefits | $1,644 | $2,151 | $3,360 | $3,376 |
| Other tax credit investment credits and tax benefits | 18,058 | 10,120 | 35,642 | 21,009 |
| Total reduction in income tax expense | $19,702 | $12,271 | $39,002 | $24,385 |
| Amortization of tax credit investments: | ||||
| Affordable housing tax credit investment losses | $996 | $1,050 | $2,255 | $1,750 |
| Affordable housing tax credit investment impairment losses | 171 | 374 | 339 | 739 |
| Other tax credit investment losses | 4,333 | 3,622 | 6,547 | 4,394 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's income tax credits and other income tax benefits recognized in tax provision?
- Valley National Bank (VLY) reported income tax credits and other income tax benefits recognized in tax provision of $1.64M in Q2 2026.
- How has Valley National Bank's income tax credits and other income tax benefits recognized in tax provision changed year-over-year?
- Valley National Bank's income tax credits and other income tax benefits recognized in tax provision decreased by 23.6% year-over-year, from $2.15M to $1.64M.
- What does income tax credits and other income tax benefits recognized in tax provision mean?
- Income tax credits and Other income tax benefits recognized in tax provision
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