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Valley National Bank VLY Commercial Banking — Technology, furniture and equipment expense
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Where this comes from
Reported directly by Valley National Bank in its filing.
Tagged under the XBRL concept vly:TechnologyFurnitureAndEquipmentExpense.
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 |
|---|---|---|---|---|
| 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 |
| Other segment items * | 22,274 | 14,993 | 21,774 | 59,041 |
| Total non-interest expense | 75,924 | 184,997 | 50,202 | 311,123 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Valley National Bank's commercial banking — technology, furniture and equipment expense?
- Valley National Bank (VLY) reported commercial banking — technology, furniture and equipment expense of $22.06M in Q2 2026.
- How has Valley National Bank's commercial banking — technology, furniture and equipment expense changed year-over-year?
- Valley National Bank's commercial banking — technology, furniture and equipment expense increased by 7.7% year-over-year, from $20.47M to $22.06M.
- What is the long-term trend for Valley National Bank's commercial banking — technology, furniture and equipment expense?
- Over 3 years (2022 to 2025), Valley National Bank's commercial banking — technology, furniture and equipment expense has grown at a -5.3% compound annual growth rate (CAGR), from $94.67M to $80.44M.
- What does commercial banking — technology, furniture and equipment expense mean?
- This covers the costs related to the hardware, software, and equipment necessary to support the commercial banking segment's operations. It reflects the segment's investment in digital infrastructure and operational tools.
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