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Valley National Bank VLY Consumer Banking — Provision for Credit Losses

Other segment segments

Commercial Banking
$16.01M-83.4%

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$2.16B+3.6%
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$78M+111%

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 vly:AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity.

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
Interest income$138,739$595,979$94,657$829,375
Interest expense64,199226,71751,435342,351
Net interest income74,540369,26243,222487,024
Provision (credit) for credit losses1,29127,875(2)29,164
Net interest income after provision for credit losses73,249341,38743,224457,860
Non-interest income34,40933,5725,73073,711
Non-interest expense
Salary and employee benefits expense33,216101,27115,945150,432

Item 1. Financial Statements (Unaudited)

FAQ

What is Valley National Bank's consumer banking — provision for credit losses?
Valley National Bank (VLY) reported consumer banking — provision for credit losses of $1.29M in Q2 2026.
How has Valley National Bank's consumer banking — provision for credit losses changed year-over-year?
Valley National Bank's consumer banking — provision for credit losses increased by 80.1% year-over-year, from $717K to $1.29M.
What is the long-term trend for Valley National Bank's consumer banking — provision for credit losses?
Over 3 years (2021 to 2024), Valley National Bank's consumer banking — provision for credit losses has grown at a 53.4% compound annual growth rate (CAGR), from -$6.81M to $24.56M.
What does consumer banking — provision for credit losses mean?
An expense charged to the consumer banking segment's earnings to maintain the allowance for loan and lease losses at a level considered adequate to cover estimated credit losses. It reflects management's assessment of the credit quality and risk profile of the consumer loan portfolio.

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