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Valley National Bank VLY Commercial Lending — Average interest earning assets

Discontinued — last reported Q3 '24

Other segment segments

Consumer Banking
$10.43B
Commercial Banking
$48.06M

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Other financials

Income statement

See full
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

See full
Net margin31.4%+10.6pp
FCF margin26.5%

Returns & leverage

See full
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 vly:AverageInterestEarningAssets.

The official record: Valley National Bank’s 10-Q, filed November 12, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valley National Bank's commercial lending — average interest earning assets?
Valley National Bank (VLY) reported commercial lending — average interest earning assets of $40.2B in Q3 2024.
How has Valley National Bank's commercial lending — average interest earning assets changed year-over-year?
Valley National Bank's commercial lending — average interest earning assets decreased by 0.3% year-over-year, from $40.34B to $40.2B.
What does commercial lending — average interest earning assets mean?
The average amount of loans and other assets in the commercial lending segment that earn interest.
How do you interpret commercial lending — average interest earning assets?
Higher balances indicate growth in the commercial loan portfolio, which generally supports higher interest income potential.
How does commercial lending — average interest earning assets compare across companies?
Standard metric for all commercial banks; peers report this to show segment size and asset utilization.