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Valley National Bank VLY Commercial Banking — FDIC insurance assessment
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Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept us-gaap:FederalDepositInsuranceCorporationPremiumExpense.
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 | Consumer Banking | Commercial Banking | Treasury and Corporate Other | Total |
|---|---|---|---|---|
| Salary and employee benefits expense | 33,216 | 101,271 | 15,945 | 150,432 |
| Net occupancy expense | 5,178 | 17,952 | 4,049 | 27,179 |
| Technology, furniture and equipment expense | 6,884 | 22,055 | 4,308 | 33,247 |
| FDIC insurance assessment | 2,581 | 9,110 | — | 11,691 |
| Professional and legal fees | 5,791 | 19,616 | 4,126 | 29,533 |
| Other segment items * | 22,274 | 14,993 | 21,774 | 59,041 |
| Total non-interest expense | 75,924 | 184,997 | 50,202 | 311,123 |
| Income (loss) before income taxes | $31,734 | $189,962 | $(1,248) | $220,448 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's commercial banking — FDIC insurance assessment?
- Valley National Bank (VLY) reported commercial banking — FDIC insurance assessment of $9.11M in Q2 2026.
- How has Valley National Bank's commercial banking — FDIC insurance assessment changed year-over-year?
- Valley National Bank's commercial banking — FDIC insurance assessment decreased by 4.5% year-over-year, from $9.54M to $9.11M.
- What is the long-term trend for Valley National Bank's commercial banking — FDIC insurance assessment?
- Over 3 years (2022 to 2025), Valley National Bank's commercial banking — FDIC insurance assessment has grown at a 27.9% compound annual growth rate (CAGR), from $18.14M to $38M.
- What does commercial banking — FDIC insurance assessment mean?
- The expense incurred by the commercial banking segment for mandatory insurance coverage provided by the Federal Deposit Insurance Corporation. This cost is typically based on the bank's total assessment base and risk profile. It represents a recurring regulatory overhead necessary to maintain deposit insurance for the segment's customer base.
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