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Valley National Bank VLY Consumer Banking — Goodwill from business combinations, as adjusted

Discontinued — last reported Q2 '22

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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×

Where this comes from

Reported directly by Valley National Bank in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Valley National Bank’s 10-K, filed February 29, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valley National Bank's consumer banking — goodwill from business combinations, as adjusted?
Valley National Bank (VLY) reported consumer banking — goodwill from business combinations, as adjusted of -$62.4M in Q2 2022.
How has Valley National Bank's consumer banking — goodwill from business combinations, as adjusted changed year-over-year?
Valley National Bank's consumer banking — goodwill from business combinations, as adjusted decreased by 2005.8% year-over-year, from $3.27M to -$62.4M.
What does consumer banking — goodwill from business combinations, as adjusted mean?
The recorded value of intangible assets arising from past acquisitions specifically attributed to the consumer banking segment.
How do you interpret consumer banking — goodwill from business combinations, as adjusted?
A stable or decreasing balance typically indicates successful integration and asset valuation, whereas a sudden decrease may signal an impairment charge due to underperformance of acquired assets.
How does consumer banking — goodwill from business combinations, as adjusted compare across companies?
Comparable to 'Goodwill' or 'Acquisition-related Intangibles' reported by other banks that utilize M&A as a strategy for inorganic growth in retail and consumer banking.