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Valley National Bank VLY Commercial Banking — Salary and employee benefits 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:LaborAndRelatedExpense.
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 interest income after provision for credit losses | 73,249 | 341,387 | 43,224 | 457,860 |
| 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 |
Item 1. Financial Statements (Unaudited)
FAQ
- 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 $101.27M in Q2 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 increased by 2.1% year-over-year, from $99.17M to $101.27M.
- 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?
- This represents the total compensation costs, including salaries, bonuses, and benefits, for personnel dedicated to the commercial banking segment. It is a primary driver of the segment's operating expense structure.
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