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Valley National Bank VLY Gross charge-offs

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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:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff.

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
Three Months Ended June 30, 2026Commercialand IndustrialCommercial Real EstateResidential MortgageConsumerTotal
Allowance for loan losses:
Beginning balance$186,143$324,793$51,700$21,864$584,500
Loans charged-off(9,838)(14,434)(3,354)(27,626)
Charged-off loans recovered1,6692,790411,0805,580
Net (charge-offs) recoveries(8,169)(11,644)41(2,274)(22,046)
Provision (credit) for loan losses20,9365,919(2,836)4,12728,146
Ending balance$198,910$319,068$48,905$23,717$590,600
Three Months EndedJune 30, 2025

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's gross charge-offs?
Valley National Bank (VLY) reported gross charge-offs of $27.63M in Q2 2026.
How has Valley National Bank's gross charge-offs changed year-over-year?
Valley National Bank's gross charge-offs decreased by 34.3% year-over-year, from $42.07M to $27.63M.
What does gross charge-offs mean?
Gross charge-offs

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