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Valley National Bank VLY Amortization of tax credit investments

Amortization of tax credit investments at other companies

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Other financials

Income statement

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Revenue$540.4M+13.0%
Net income$163.9M+54.6%
EPS (diluted)$0.28+55.6%

Balance sheet

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Cash & equivalents$1.2B-5.3%
Total debt$63.9M+8.2%
Total equity$7.8B+4.4%
Total assets$64.5B+4.2%

Cash flow

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Operating cash flow$209.6M+1,324%
CapEx$1.4M-54.1%
Free cash flow$208.2M+1,132%

Valuation

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Market cap$7.81B+36.9%
Enterprise value$6.71B+50.0%
P/E11.9×-2.7×
P/S3.7×+0.7×

Profitability

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Net margin31.4%+10.6pp
FCF margin26.5%

Returns & leverage

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Return on equity8.6%+3.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Valley National Bank in its filing.

Tagged under the XBRL concept vly:InvestmentTaxCreditAmortization.

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 amortization of tax credit investments?
Valley National Bank (VLY) reported amortization of tax credit investments of $16.01M in Q1 2026.
How has Valley National Bank's amortization of tax credit investments changed year-over-year?
Valley National Bank's amortization of tax credit investments increased by 71.8% year-over-year, from $9.32M to $16.01M.
What is the long-term trend for Valley National Bank's amortization of tax credit investments?
Over 4 years (2021 to 2025), Valley National Bank's amortization of tax credit investments has grown at a 39.9% compound annual growth rate (CAGR), from $10.91M to $41.79M.
What does amortization of tax credit investments mean?
This metric represents the periodic write-down of investments made in tax-advantaged projects, such as low-income housing or renewable energy. It is the accounting mechanism for realizing the tax benefits associated with these investments.