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Valley National Bank VLY Commercial Banking — Provision for Credit Losses

Other segment segments

Consumer Banking
$717K

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Other financials

Income statement

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Revenue$560.7M+13.3%
Net income$170.9M+28.3%
EPS (diluted)$0.29+31.8%

Balance sheet

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Cash & equivalents$966.9M-18.5%
Total debt$433.5M+167%
Total equity$7.9B+4.5%
Total assets$66.3B+5.8%

Cash flow

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Operating cash flow$163.5M+2.8%
CapEx$3.3M+7.7%
Free cash flow$160.2M+2.7%

Valuation

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Market cap$8.17B+58.3%
Enterprise value$7.64B+84.6%
P/E11.8×+0.4×
P/S3.8×+1.1×

Profitability

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Net margin32.2%+8.6pp
FCF margin25.9%

Returns & leverage

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Return on equity9%+2.6pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Valley National Bank in its filing.

Tagged under the XBRL concept vly:AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity.

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 itemConsumer BankingCommercial BankingTreasury and Corporate OtherTotal
Interest income$138,739$595,979$94,657$829,375
Interest expense64,199226,71751,435342,351
Net interest income74,540369,26243,222487,024
Provision (credit) for credit losses1,29127,875(2)29,164
Net interest income after provision for credit losses73,249341,38743,224457,860
Non-interest income34,40933,5725,73073,711
Non-interest expense
Salary and employee benefits expense33,216101,27115,945150,432

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's commercial banking — provision for credit losses?
Valley National Bank (VLY) reported commercial banking — provision for credit losses of $27.88M in Q2 2026.
How has Valley National Bank's commercial banking — provision for credit losses changed year-over-year?
Valley National Bank's commercial banking — provision for credit losses decreased by 24.8% year-over-year, from $37.08M to $27.88M.
What is the long-term trend for Valley National Bank's commercial banking — provision for credit losses?
Over 4 years (2021 to 2025), Valley National Bank's commercial banking — provision for credit losses has grown at a 37.1% compound annual growth rate (CAGR), from $39.7M to $140.32M.
What does commercial banking — provision for credit losses mean?
This represents the expense set aside by the commercial banking segment to cover expected future losses on its loan portfolio. It reflects management's assessment of credit risk and the overall health of the commercial borrower base.

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