Valley National Bank VLY Technology, furniture and equipment expense
Technology, furniture and equipment expense 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:TechnologyFurnitureAndEquipmentExpense.
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 technology, furniture and equipment expense?
- Valley National Bank (VLY) reported technology, furniture and equipment expense of $31.88M in Q1 2026.
- How has Valley National Bank's technology, furniture and equipment expense changed year-over-year?
- Valley National Bank's technology, furniture and equipment expense increased by 6.6% year-over-year, from $29.9M to $31.88M.
- What is the long-term trend for Valley National Bank's technology, furniture and equipment expense?
- Over 4 years (2021 to 2025), Valley National Bank's technology, furniture and equipment expense has grown at a 8.6% compound annual growth rate (CAGR), from $89.22M to $123.88M.
- What does technology, furniture and equipment expense mean?
- This metric covers investments in information technology infrastructure, software licensing, and hardware necessary for banking operations. It reflects the bank's commitment to digital transformation and operational modernization.