What does investment management — non-interest expense mean?

Total operating costs for the Investment Management segment excluding interest expenses.

How do you interpret investment management — non-interest expense?

Lower expenses relative to revenue indicate higher operational efficiency and better cost control.

How does investment management — non-interest expense compare across companies?

Standard operating expense metric for bank segments, used to calculate efficiency ratios.

Valley National Bank VLY Investment Management — Non-interest expense

Discontinued — last reported Q1 '22

Similar metrics at other companies

BKInvestment and Wealth Management — Noninterest expense

$726M+1.7%

JLLInvestment Management — Operating Expenses

$135.3M+13.9%

BKOther — Noninterest expense

$89M+1.1%

WBSOperating Segments — Noninterest Expense

$169.59M+5.0%

EVRInvestment Management — Non-Compensation

$4.13M+2.0%

VOYAInvestment Management — Other Operating Expenses

——

Other financials

Income statement

See full

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:NoninterestExpense.

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 — non-interest expense?: Valley National Bank (VLY) reported investment management — non-interest expense of $836K in Q1 2022.
What does investment management — non-interest expense mean?: Total operating costs for the Investment Management segment excluding interest expenses.
How do you interpret investment management — non-interest expense?: Lower expenses relative to revenue indicate higher operational efficiency and better cost control.
How does investment management — non-interest expense compare across companies?: Standard operating expense metric for bank segments, used to calculate efficiency ratios.