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Valley National Bank VLY Commercial Lending — Non-interest income

Discontinued — last reported Q3 '24

Other segment segments

Commercial Banking
$34.5M+65.3%
Consumer Banking
$32.19M—

Similar metrics at other companies

Western Alliance Bancorporation logo
WALCommercial Segment — Non-interest income
$47.8M+29.5%
Webster Financial Corporation logo
WBSCommercial Banking — Non-interest income
$32.17M+11.1%
BOK Financial logo
BOKFCommercial Banking — Noninterest Income
$60.07M+8.2%
Western Alliance Bancorporation logo
WALCommercial Segment — Other non-interest income
$200K+100%
Citizens Financial Group logo
CFGCommercial Banking — Noninterest income
$263M+22.3%
UMB Financial logo
UMBFCommercial Banking — Noninterest Income
$46.29M+24.4%

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

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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:NoninterestIncome.

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 — non-interest income?
Valley National Bank (VLY) reported commercial lending — non-interest income of $9.26M in Q3 2024.
How has Valley National Bank's commercial lending — non-interest income changed year-over-year?
Valley National Bank's commercial lending — non-interest income decreased by 28.9% year-over-year, from $13.02M to $9.26M.
What does commercial lending — non-interest income mean?
Income from fees and services within the commercial lending segment, excluding interest.
How do you interpret commercial lending — non-interest income?
Growth indicates successful cross-selling of services or increased transaction volume in the commercial segment.
How does commercial lending — non-interest income compare across companies?
Standard segment reporting metric; peers often disclose this to show non-interest revenue diversification.