Valley National Bank VLY Consumer Banking — Provision (credit) for credit losses

Similar metrics at other companies

BACConsumer Banking — Provision for Credit Losses

$1.13B-12.4%

CFGConsumer Banking — Provision expense (benefit) for loans and leases

$49M-16.9%

WBSConsumer Banking — Provision for Credit Losses

$5.06M+197%

BOKFConsumer Banking — Provision for Credit Losses

$1.51M-0.6%

CFGConsumer Banking — Provision (benefit) for credit losses

$71M-17.4%

RFConsumer Bank — Provision for Credit Losses

$56M-5.1%

Questions, answered.

What is Valley National Bank's consumer banking — provision (credit) for credit losses?

Valley National Bank (VLY) reported consumer banking — provision (credit) for credit losses of $6.01M in Q3 2024.

How has Valley National Bank's consumer banking — provision (credit) for credit losses changed year-over-year?

Valley National Bank's consumer banking — provision (credit) for credit losses increased by 231.5% year-over-year, from -$4.57M to $6.01M.

What does consumer banking — provision (credit) for credit losses mean?

The expense set aside to cover potential future losses on loans within the consumer banking segment.

How do you interpret consumer banking — provision (credit) for credit losses?

An increase signals expected deterioration in credit quality, while a decrease or credit (negative provision) signals improving credit conditions or reduced risk.

How does consumer banking — provision (credit) for credit losses compare across companies?

A standard risk metric for all lending institutions under current accounting standards.