Valley National Bank VLY Commercial Banking — Provision (credit) for credit losses

Similar metrics at other companies

FCNCACommercial Banking — Provision for Credit Losses

$14M-73.6%

FCNCACommercial Bank — Provision for Credit Losses

$55M-49.1%

FCNCACommercial Banking — Provision (benefit) for credit losses

$170M+386%

CFGCommercial Banking — Provision (benefit) for credit losses

$64M-16.9%

CFGCommercial Banking — Provision for Credit Losses

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CFGCommercial Banking — Provision expense (benefit) for loans and leases

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Questions, answered.

What is Valley National Bank's commercial banking — provision (credit) for credit losses?

Valley National Bank (VLY) reported commercial banking — provision (credit) for credit losses of $69.03M in Q3 2024.

How has Valley National Bank's commercial banking — provision (credit) for credit losses changed year-over-year?

Valley National Bank's commercial banking — provision (credit) for credit losses increased by 403.3% year-over-year, from $13.72M to $69.03M.

What does commercial banking — provision (credit) for credit losses mean?

The amount set aside to cover potential losses from loans that may not be repaid.

How do you interpret commercial banking — provision (credit) for credit losses?

An increase suggests deteriorating credit quality or a more conservative outlook on the economic environment.

How does commercial banking — provision (credit) for credit losses compare across companies?

Standard industry metric; highly correlated with economic cycles and loan portfolio quality.