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Valley National Bank VLY Commercial Lending — Net Interest Income

Discontinued — last reported Q3 '24

Other segment segments

Commercial Banking
$356.26M+2.7%
Consumer Banking
$61.7M—

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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 / equity0×0.0×

Where this comes from

Reported directly by Valley National Bank in its filing.

Tagged under the XBRL concept us-gaap:InterestIncomeExpenseNet.

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 — net interest income?
Valley National Bank (VLY) reported commercial lending — net interest income of $359.11M in Q3 2024.
How has Valley National Bank's commercial lending — net interest income changed year-over-year?
Valley National Bank's commercial lending — net interest income decreased by 3.7% year-over-year, from $372.88M to $359.11M.
What does commercial lending — net interest income mean?
The difference between the interest income generated by the commercial lending segment and the interest expense allocated to it. This metric measures the core profitability of the segment's lending operations before non-interest expenses and credit provisions. It is a critical indicator of the segment's efficiency in managing its interest rate spread.