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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 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 |
|---|---|---|---|---|
| Non-Interest Expense | ||||
| Salary and employee benefits expense | 150,432 | 145,422 | 306,147 | 288,040 |
| Net occupancy expense | 27,179 | 25,483 | 54,361 | 51,371 |
| Technology, furniture and equipment expense | 33,247 | 30,667 | 65,125 | 60,563 |
| FDIC insurance assessment | 11,691 | 12,192 | 22,167 | 25,059 |
| Amortization of other intangible assets | 6,268 | 7,427 | 13,187 | 15,446 |
| Professional and legal fees | 29,533 | 19,970 | 54,675 | 35,640 |
| Loss on extinguishment of debt | — | 922 | — | 922 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's technology, furniture and equipment expense?
- Valley National Bank (VLY) reported technology, furniture and equipment expense of $33.25M in Q2 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 8.4% year-over-year, from $30.67M to $33.25M.
- 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.
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