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Valley National Bank VLY Commercial Lending — Goodwill

Other segment segments

Commercial Banking
$1.44B0.0%
Consumer Banking
$349.65M

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$3.62M0.0%

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 us-gaap:Goodwill.

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
Reporting Unit * / Wealth ManagementReporting Unit * / Consumer BankingReporting Unit * / Commercial BankingTotal
(in thousands)
$78,142$$349,646$1,441,148$1,868,936

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's commercial lending — goodwill?
Valley National Bank (VLY) reported commercial lending — goodwill of $1.44B in Q2 2026.
How has Valley National Bank's commercial lending — goodwill changed year-over-year?
Valley National Bank's commercial lending — goodwill decreased by 0.0% year-over-year, from $1.44B to $1.44B.
What does commercial lending — goodwill mean?
Represents the carrying value of goodwill specifically allocated to the commercial lending business segment. This asset arises from past acquisitions where the purchase price exceeded the fair value of the identifiable net assets within the commercial lending division. It reflects the premium paid for expected future synergies and market presence in the commercial banking sector.

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