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Valley National Bank VLY Commercial Banking — Professional and legal fees
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Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept us-gaap:ProfessionalFees.
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 |
|---|---|---|---|---|
| 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 |
| Return on average interest earning assets (pre-tax) | 1.11% | 1.88% | (0.05)% | 1.44% |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's commercial banking — professional and legal fees?
- Valley National Bank (VLY) reported commercial banking — professional and legal fees of $19.62M in Q2 2026.
- How has Valley National Bank's commercial banking — professional and legal fees changed year-over-year?
- Valley National Bank's commercial banking — professional and legal fees increased by 38.2% year-over-year, from $14.19M to $19.62M.
- What is the long-term trend for Valley National Bank's commercial banking — professional and legal fees?
- Over 3 years (2022 to 2025), Valley National Bank's commercial banking — professional and legal fees has grown at a 6.7% compound annual growth rate (CAGR), from $50.31M to $61.09M.
- What does commercial banking — professional and legal fees mean?
- External costs incurred by the commercial banking segment for legal counsel, consulting services, and professional advisory support. These expenses are often associated with loan documentation, regulatory compliance, litigation, or strategic business initiatives. Monitoring these fees helps assess the segment's operational overhead and external service reliance.
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