Valley National Bank VLY Investment Management — Goodwill from business combinations

Discontinued — last reported Q1 '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 / equity0×0.0×

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-Q, filed May 9, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valley National Bank's investment management — goodwill from business combinations?: Valley National Bank (VLY) reported investment management — goodwill from business combinations of $25K in Q1 2022.
What does investment management — goodwill from business combinations mean?: Captures the specific portion of goodwill attributed to the Investment Management segment resulting from historical mergers and acquisitions. It serves as a measure of the premium paid for the segment's market position and growth potential at the time of acquisition.