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Valley National Bank VLY Commercial Banking — Salary and employee benefits expense

Other segment segments

Consumer Banking
$32.29M+8.5%

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$1.07B-5.7%
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$74.84M+22.3%

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:LaborAndRelatedExpense.

The official record: Valley National Bank’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valley National Bank's commercial banking — salary and employee benefits expense?
Valley National Bank (VLY) reported commercial banking — salary and employee benefits expense of $102.83M in Q1 2026.
How has Valley National Bank's commercial banking — salary and employee benefits expense changed year-over-year?
Valley National Bank's commercial banking — salary and employee benefits expense decreased by 0.2% year-over-year, from $102.99M to $102.83M.
What is the long-term trend for Valley National Bank's commercial banking — salary and employee benefits expense?
Over 3 years (2022 to 2025), Valley National Bank's commercial banking — salary and employee benefits expense has grown at a 4.3% compound annual growth rate (CAGR), from $344.69M to $391.38M.
What does commercial banking — salary and employee benefits expense mean?
Total costs related to employee salaries and benefits within the commercial banking division.
How do you interpret commercial banking — salary and employee benefits expense?
An increase may signal headcount growth or wage inflation, while a decrease could indicate cost-cutting measures or improved operational efficiency.
How does commercial banking — salary and employee benefits expense compare across companies?
Standard operating expense metric; comparable to Personnel Expense at peer institutions.