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Operating Segments (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Data for Business Segments

The following tables represent the financial data for Valley’s operating segments, and Treasury and Corporate Other for the years ended December 31, 2025, 2024 and 2023:

			2025
			Consumer Banking						Commercial Banking												Treasury and Corporate Other						Total
			($ in thousands)
Average interest earning assets			$	10,675,089					$	38,471,202											$	8,816,609					$	57,962,900
Interest income			$	523,519					$	2,352,838											$	356,127					$	3,232,484
Interest expense			270,518						974,900												223,422						1,468,840
Net interest income			253,001						1,377,938												132,705						1,763,644
(Credit) provision for credit losses			(630)						140,317												87						139,774
Net interest income after provision for credit losses			253,631						1,237,621												132,618						1,623,870
Non-interest income			139,321						101,168												21,637						262,126
Non-interest expense
Salary and employee benefits expense			132,712						391,384												55,424						579,520
Net occupancy expense			19,109						67,704												15,481						102,294
Technology, furniture, and equipment expense			26,770						80,444												16,662						123,876
FDIC insurance assessment			10,545						38,001												(9,487)						39,059
Professional and legal fees			14,712						61,092												10,943						86,747
Other segment items *			54,172						72,873												83,585						210,630
Total non-interest expense			$	258,020					$	711,498											$	172,608					$	1,142,126
Income (loss) before income taxes			$	134,932					$	627,291											$	(18,353)					$	743,870
Return on average interest earning assets (pre-tax)			1.26		%				1.63		%										(0.21)		%				1.28		%
Net interest margin			2.37		%				3.59		%										1.51		%				3.05		%

			2024
			Consumer Banking						Commercial Banking												Treasury and Corporate Other						Total
			($ in thousands)
Average interest earning assets			$	9,914,917					$	40,115,669											$	7,287,340					$	57,317,926
Interest income			$	478,680					$	2,596,066											$	282,751					$	3,357,497
Interest expense			299,048						1,209,945												219,796						1,728,789
Net interest income			179,632						1,386,121												62,955						1,628,708
Provision (credit) for credit losses			24,561						284,827												(558)						308,830
Net interest income after provision for credit losses			155,071						1,101,294												63,513						1,319,878
Non-interest income			135,331						77,690												11,480						224,501
Non-interest expense
Salary and employee benefits expense			118,953						389,622												50,020						558,595
Net occupancy expense			18,003						71,360												12,761						102,124
Technology, furniture, and equipment expense			25,681						93,811												15,617						135,109
FDIC insurance assessment			10,448						42,271												8,757						61,476
Professional and legal fees			11,254						52,666												6,395						70,315
Other segment items *			58,282						54,007												65,952						178,241
Total non-interest expense			$	242,621					$	703,737											$	159,502					$	1,105,860
Income (loss) before income taxes			$	47,781					$	475,247											$	(84,509)					$	438,519
Return on average interest earning assets (pre-tax)			0.48		%				1.18		%										(1.16)		%				0.77		%
Net interest margin			1.81		%				3.45		%										0.86		%				2.84		%

			2023
			Consumer Banking						Commercial Banking												Treasury and Corporate Other						Total
			($ in thousands)
Average interest earning assets			$	9,620,508					$	39,731,353											$	7,148,667					$	56,500,528
Interest income			$	415,585					$	2,471,345											$	251,961					$	3,138,891
Interest expense			250,882						1,036,109												186,422						1,473,413
Net interest income			164,703						1,435,236												65,539						1,665,478
Provision for credit losses			6,162						39,463												4,559						50,184
Net interest income after provision for credit losses			158,541						1,395,773												60,980						1,615,294
Non-interest income			105,282						93,618												26,829						225,729
Non-interest expense
Salary and employee benefits expense			111,748						389,666												62,177						563,591
Net occupancy expense			19,313						69,780												12,377						101,470
Technology, furniture, and equipment expense			25,661						98,716												26,331						150,708
FDIC insurance assessment			7,380						30,477												50,297						88,154
Professional and legal fees			13,016						56,755												10,796						80,567
Other segment items *			48,650						56,188												73,363						178,201
Total non-interest expense			$	225,768					$	701,582											$	235,341					$	1,162,691
Income (loss) before income taxes			$	38,055					$	787,809											$	(147,532)					$	678,332
Return on average interest earning assets (pre-tax)			0.40		%				1.98		%										(2.06)		%				1.20		%
Net interest margin			1.71		%				3.61		%										0.91		%				2.95		%

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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