Valley National Bank VLY Commercial Lending — Provision for Credit Losses

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$38M-44.1%

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Questions, answered.

What does commercial lending — provision for credit losses mean?

This metric represents the non-cash expense set aside by the commercial lending segment to cover expected future losses on its loan portfolio. It reflects management's assessment of credit risk and the current economic outlook for the commercial borrower base. Changes in this provision are driven by loan growth, changes in credit quality, and macroeconomic forecasts.