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Valley National Bank VLY Investment Management — Internal transfer expense (income)

Discontinued — last reported Q1 '22

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BOKFConsumer — Net interest revenue (expense) from internal sources
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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 vly:InternalExpenseTransferOnBusinessSegments.

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 — internal transfer expense (income)?
Valley National Bank (VLY) reported investment management — internal transfer expense (income) of $17.06M in Q1 2022.
What does investment management — internal transfer expense (income) mean?
The net internal charge or credit applied to the Investment Management segment for services provided to or by other bank departments.
How do you interpret investment management — internal transfer expense (income)?
An increase in net internal expense may indicate higher utilization of corporate shared services or a shift in internal funding costs, while income suggests the segment is providing value to other units.
How does investment management — internal transfer expense (income) compare across companies?
Most regional banks use internal transfer pricing (FTP) to allocate interest expense and overhead, making this comparable to internal service fee structures at peer institutions.