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Valley National Bank VLY Consumer Banking — Professional and legal fees

Other segment segments

Commercial Banking
$18.55M+16.4%

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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:ProfessionalFees.

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
Line itemConsumer BankingCommercial BankingTreasury and Corporate OtherTotal
Net occupancy expense5,17817,9524,04927,179
Technology, furniture and equipment expense6,88422,0554,30833,247
FDIC insurance assessment2,5819,11011,691
Professional and legal fees5,79119,6164,12629,533
Other segment items *22,27414,99321,77459,041
Total non-interest expense75,924184,99750,202311,123
Income (loss) before income taxes$31,734$189,962$(1,248)$220,448
Return on average interest earning assets (pre-tax)1.11%1.88%(0.05)%1.44%

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's consumer banking — professional and legal fees?
Valley National Bank (VLY) reported consumer banking — professional and legal fees of $5.79M in Q2 2026.
How has Valley National Bank's consumer banking — professional and legal fees changed year-over-year?
Valley National Bank's consumer banking — professional and legal fees increased by 73.2% year-over-year, from $3.34M to $5.79M.
What is the long-term trend for Valley National Bank's consumer banking — professional and legal fees?
Over 3 years (2022 to 2025), Valley National Bank's consumer banking — professional and legal fees has grown at a 5.7% compound annual growth rate (CAGR), from $12.44M to $14.71M.
What does consumer banking — professional and legal fees mean?
This captures external costs incurred for legal services, consulting, and professional advisory support specifically allocated to the consumer banking segment. It reflects the cost of compliance, litigation management, and strategic project execution.

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