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Valley National Bank VLY Operating Segments — Internal Expense Transfer On Business Segments

Discontinued — last reported Q4 '17

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WALInterest Expense, Funds Transfer Pricing
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BOKFOperating Segments — NI Rexpensefrominternalsources
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WALCorporate And Other Segment — Interest Expense, Funds Transfer Pricing
$235.7M+70.3%
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BOKFOperating Segments — Nir 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-K, filed March 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — internal expense transfer on business segments mean?
The internal allocation of costs or income between different business segments.
How do you interpret operating segments — internal expense transfer on business segments?
This is an accounting mechanism; trends are context-dependent based on internal cost-allocation policy changes.
How does operating segments — internal expense transfer on business segments compare across companies?
Common in large banks as 'Internal Transfer Pricing' or 'Inter-segment Allocations'.