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Valley National Bank VLY Commercial Banking — Net occupancy expense
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Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept us-gaap:OccupancyNet.
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 |
|---|---|---|---|---|
| Non-interest income | 34,409 | 33,572 | 5,730 | 73,711 |
| Non-interest expense | ||||
| 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 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's commercial banking — net occupancy expense?
- Valley National Bank (VLY) reported commercial banking — net occupancy expense of $17.95M in Q2 2026.
- How has Valley National Bank's commercial banking — net occupancy expense changed year-over-year?
- Valley National Bank's commercial banking — net occupancy expense increased by 5.8% year-over-year, from $16.96M to $17.95M.
- What is the long-term trend for Valley National Bank's commercial banking — net occupancy expense?
- Over 3 years (2022 to 2025), Valley National Bank's commercial banking — net occupancy expense has grown at a 2.5% compound annual growth rate (CAGR), from $62.83M to $67.7M.
- What does commercial banking — net occupancy expense mean?
- This reflects the costs associated with maintaining physical office space and facilities used by the commercial banking segment, net of any rental income. It is a fixed cost component of the segment's overall operating expenses.
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