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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill
The following table presents carrying amounts of goodwill allocated to Valley's reporting units at December 31, 2025 and 2024.
  Reporting Unit *
 Wealth
Management
Consumer
Banking
Commercial Banking Total
 (in thousands)
Goodwill$78,142 $349,646 $1,441,148 $1,868,936 
*    The Wealth Management and Consumer Banking reporting units are both components of the overall Consumer Banking operating segment, which is further described in Note 20.
Other Intangible Assets
The following tables summarize other intangible assets at December 31, 2025 and 2024: 
Gross
Intangible
Assets
Accumulated
Amortization
Net
Intangible
Assets
 (in thousands)
December 31, 2025
Loan servicing rights$128,603 $(108,833)$19,770 
Core deposits215,620 (159,128)56,492 
Other50,393 (25,780)24,613 
Total other intangible assets$394,616 $(293,741)$100,875 
December 31, 2024
Loan servicing rights$125,961 $(104,833)$21,128 
Core deposits215,620 (138,080)77,540 
Other50,393 (20,400)29,993 
Total other intangible assets$391,974 $(263,313)$128,661 
Schedule of Change in Loan Servicing Rights
The following table summarizes the change in loan servicing rights during the years ended December 31, 2025, 2024 and 2023:
202520242023
 (in thousands)
Beginning balance$21,128 $21,950 $23,807 
Origination of loan servicing rights2,642 3,375 2,643 
Amortization expense(4,000)(4,197)(4,500)
Ending balance$19,770 $21,128 $21,950 
Estimated Future Amortization Expense
The following table presents the estimated amortization expense of other intangible assets over the next five-year period:
YearLoan Servicing
Rights
Core
Deposits
Other
 (in thousands)
2026$2,578 $17,223 $4,805 
20272,265 13,544 4,205 
20281,965 10,117 3,633 
20291,711 7,500 3,081 
20301,495 4,914 2,584