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Valley National Bank VLY Commercial Banking — Goodwill from business combinations, as adjusted

Discontinued — last reported Q2 '22

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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 us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Valley National Bank’s 10-K, filed February 29, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valley National Bank's commercial banking — goodwill from business combinations, as adjusted?
Valley National Bank (VLY) reported commercial banking — goodwill from business combinations, as adjusted of $29.4M in Q2 2022.
What does commercial banking — goodwill from business combinations, as adjusted mean?
The portion of the bank's total goodwill that is specifically allocated to the commercial banking segment following past acquisitions.
How do you interpret commercial banking — goodwill from business combinations, as adjusted?
A decrease typically signals impairment charges or write-downs, while stability indicates that the acquired assets continue to perform in line with original valuation expectations.
How does commercial banking — goodwill from business combinations, as adjusted compare across companies?
Comparable to 'Goodwill' or 'Intangible Assets' reported by peer financial institutions that have grown through M&A activity.