2020 Q2 Form 10-Q Financial Statement

#000071431020000130 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $348.5M $327.7M
YoY Change 6.34% 17.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $2.866M $2.351M
YoY Change 21.91% -22.02%
% of Gross Profit
Depreciation & Amortization $21.60M $16.60M
YoY Change 30.12% 48.21%
% of Gross Profit
Operating Expenses $2.866M $2.351M
YoY Change 21.91% -22.02%
Operating Profit
YoY Change
Interest Expense $65.97M $107.5M
YoY Change -38.64% 54.99%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $129.1M $104.0M
YoY Change 24.1% 13.34%
Income Tax $33.47M $27.53M
% Of Pretax Income 25.93% 26.47%
Net Earnings $95.60M $76.47M
YoY Change 25.02% 5.04%
Net Earnings / Revenue 27.43% 23.33%
Basic Earnings Per Share $0.23 $0.22
Diluted Earnings Per Share $0.23 $0.22
COMMON SHARES
Basic Shares Outstanding 403.8M shares 331.7M shares
Diluted Shares Outstanding 404.6M shares 333.0M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.695B $4.303B
YoY Change 32.36% -0.76%
Cash & Equivalents $1.820B $455.2M
Short-Term Investments $3.876B $3.848B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $329.9M $312.6M
YoY Change 5.52% -10.27%
Goodwill $1.375B $1.100B
YoY Change 25.04% 1.96%
Intangibles $77.92M $70.59M
YoY Change 10.39% -15.94%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $41.72B $33.03B
YoY Change 26.31% 9.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $768.0M $504.0M
YoY Change 52.38% 121.05%
Deferred Revenue
YoY Change
Short-Term Debt $2.083B $2.388B
YoY Change -12.77% -17.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $768.0M $504.0M
YoY Change 52.38% 121.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.963B $1.858B
YoY Change 59.47% -13.94%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.963B $1.858B
YoY Change 59.47% -13.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $768.0M $504.0M
Total Long-Term Liabilities $2.963B $1.858B
Total Liabilities $37.24B $29.52B
YoY Change 26.15% 9.73%
SHAREHOLDERS EQUITY
Retained Earnings $499.5M $412.2M
YoY Change 21.18% 77.22%
Common Stock $3.770B $2.921B
YoY Change 29.1% 0.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $235.0K $3.262M
YoY Change -92.8% 206.29%
Treasury Stock Shares 28.03K shares 313.4K shares
Shareholders Equity $4.474B $3.504B
YoY Change
Total Liabilities & Shareholders Equity $41.72B $33.03B
YoY Change 26.31% 9.43%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $95.60M $76.47M
YoY Change 25.02% 5.04%
Depreciation, Depletion And Amortization $21.60M $16.60M
YoY Change 30.12% 48.21%
Cash From Operating Activities $106.0M $172.5M
YoY Change -38.55% -11600.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.300M -$5.500M
YoY Change -3.64% -35.29%
Acquisitions
YoY Change
Other Investing Activities -$1.647B -$630.5M
YoY Change 161.28% -5.13%
Cash From Investing Activities -$1.653B -$636.0M
YoY Change 159.86% -5.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.393B 452.1M
YoY Change 429.2% -30.48%
NET CHANGE
Cash From Operating Activities 106.0M 172.5M
Cash From Investing Activities -1.653B -636.0M
Cash From Financing Activities 2.393B 452.1M
Net Change In Cash 845.8M -11.40M
YoY Change -7519.3% -53.28%
FREE CASH FLOW
Cash From Operating Activities $106.0M $172.5M
Capital Expenditures -$5.300M -$5.500M
Free Cash Flow $111.3M $178.0M
YoY Change -37.47% 2442.86%

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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
0 USD
CY2020Q2 us-gaap Impairment Of Investments
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0 USD
CY2019Q2 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2928000 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
2928000 USD
CY2020Q2 vly Servicing Fees Net1
ServicingFeesNet1
2227000 USD
CY2019Q2 vly Servicing Fees Net1
ServicingFeesNet1
2367000 USD
vly Servicing Fees Net1
ServicingFeesNet1
4975000 USD
vly Servicing Fees Net1
ServicingFeesNet1
4797000 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
8337000 USD
CY2019Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
3930000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
12887000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
8506000 USD
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-299000 USD
CY2019Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-564000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-178000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
77156000 USD
CY2020Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
5823000 USD
CY2019Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
2205000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8965000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4092000 USD
CY2020Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
20741000 USD
CY2019Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
11010000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
40573000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
20770000 USD
CY2020Q2 us-gaap Noninterest Income
NoninterestIncome
44830000 USD
CY2019Q2 us-gaap Noninterest Income
NoninterestIncome
27603000 USD
us-gaap Noninterest Income
NoninterestIncome
86227000 USD
us-gaap Noninterest Income
NoninterestIncome
135276000 USD
CY2020Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
78532000 USD
CY2019Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
76183000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
164260000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
159288000 USD
CY2020Q2 us-gaap Occupancy Net
OccupancyNet
33217000 USD
CY2019Q2 us-gaap Occupancy Net
OccupancyNet
29700000 USD
us-gaap Occupancy Net
OccupancyNet
65658000 USD
us-gaap Occupancy Net
OccupancyNet
57586000 USD
CY2020Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
6135000 USD
CY2019Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
4931000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
10011000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
11052000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6681000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4170000 USD
CY2020Q2 vly Professional And Legal Fees
ProfessionalAndLegalFees
7797000 USD
CY2019Q2 vly Professional And Legal Fees
ProfessionalAndLegalFees
4145000 USD
vly Professional And Legal Fees
ProfessionalAndLegalFees
13884000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12151000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8481000 USD
CY2019Q2 vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
4863000 USD
vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
6644000 USD
vly Professional And Legal Fees
ProfessionalAndLegalFees
9416000 USD
CY2020Q2 vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
3416000 USD
CY2019Q2 us-gaap Noninterest Expense
NoninterestExpense
141737000 USD
us-gaap Noninterest Expense
NoninterestExpense
312822000 USD
us-gaap Net Income Loss
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189798000 USD
CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3172000 USD
us-gaap Noninterest Expense
NoninterestExpense
289532000 USD
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3172000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
76468000 USD
CY2020Q2 us-gaap Noninterest Expense
NoninterestExpense
157166000 USD
us-gaap Net Income Loss
NetIncomeLoss
182869000 USD
vly Investment Tax Credit Amortization
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12036000 USD
CY2020Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
2866000 USD
CY2019Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
2351000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
5153000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
4619000 USD
CY2020Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
18522000 USD
CY2019Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
15394000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
35061000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
27054000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
129067000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
104000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
245464000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
274526000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33466000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27532000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62595000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
84728000 USD
CY2020Q2 us-gaap Net Income Loss
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95601000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6344000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6344000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92429000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
73296000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
176525000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
183454000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
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CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
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0.11
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
403790242 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331748552 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
403654665 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331675313 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404631845 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332959802 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
405043183 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332929359 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
95601000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
76468000 USD
us-gaap Net Income Loss
NetIncomeLoss
182869000 USD
us-gaap Net Income Loss
NetIncomeLoss
189798000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3013000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
18488000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
29081000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
34755000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-31000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
8000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-58000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-18000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3044000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
18480000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
29139000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
34773000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1280000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-683000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2337000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1065000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
308000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-130000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-482000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1588000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-409000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2207000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-583000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-172000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-55000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
408785000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-344000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-110000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1628000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18126000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27276000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
34300000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
97229000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
94594000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
210145000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
224098000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
4384188000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
4356001000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
87268000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
25648000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
232000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
4420998000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
95601000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1628000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4183000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
4474488000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3350454000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
3353422000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
113330000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16174000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1811000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
3444879000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
76468000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18126000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4529000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
3504118000 USD
us-gaap Net Income Loss
NetIncomeLoss
182869000 USD
us-gaap Net Income Loss
NetIncomeLoss
189798000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
29608000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
25240000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8199000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8282000 USD
vly Allowance For Credit Loss Expense Reversal Including Debt Securities Held To Maturity
AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity
75839000 USD
vly Allowance For Credit Loss Expense Reversal Including Debt Securities Held To Maturity
AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity
10100000 USD
vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
15305000 USD
vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
14287000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12151000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8481000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-81000 USD
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
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us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
205429000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
12887000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
8506000 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
2928000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
443684000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
200877000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-178000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
77156000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8965000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
4092000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
17170000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3769000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
426776000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
186674000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
166490000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
65970000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49462000 USD
us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
2568893000 USD
us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
992236000 USD
vly Payments To Acquire Equity Securities Fvni
PaymentsToAcquireEquitySecuritiesFVNI
5365000 USD
vly Payments To Acquire Equity Securities Fvni
PaymentsToAcquireEquitySecuritiesFVNI
0 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
107136000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
261446000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
301004000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
155002000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
302071000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
213348000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
109045000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
13751000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1350000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8202000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
102500000 USD
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
30020000 USD
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
216301000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14469000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9336000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-678820000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2242168000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
320955000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
989600000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
268870000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
838388000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
400000000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
405043183 shares
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26567000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
434687000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
428629000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1910325000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
455196000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
53418000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
255000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6344000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3172000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
89122000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
73546000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4924000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1462000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1140000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-480000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-264000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-240000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3917224000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
655925000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1475638000 USD
us-gaap Interest Paid Net
InterestPaidNet
178337000 USD
us-gaap Interest Paid Net
InterestPaidNet
198815000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
14731000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
80116000 USD
vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
2750000 USD
vly Transfer Of Loans Held For Investment To Other Real Estate
TransferOfLoansHeldForInvestmentToOtherRealEstate
1016000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
30020000 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
216301000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6407000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
296064000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
The unaudited consolidated financial statements of Valley National Bancorp, a New Jersey corporation (Valley), include the accounts of its commercial bank subsidiary, Valley National Bank (the Bank), and all of Valley’s direct or indirect wholly-owned subsidiaries. All inter-company transactions and balances have been eliminated. The accounting and reporting policies of Valley conform to U.S. generally accepted accounting principles (U.S. GAAP) and general practices within the financial services industry. In accordance with applicable accounting standards, Valley does not consolidate statutory trusts established for the sole purpose of issuing trust preferred securities and related trust common securities.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior period amounts have been reclassified to conform to the current presentation.
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332929359 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404631845 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Use Of Estimates
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<div style="line-height:120%;padding-top:16px;text-align:left;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;font-weight:bold;">Significant Estimates.</span><span style="font-family:inherit;font-size:11pt;"> In preparing the unaudited consolidated financial statements in conformity with U.S. GAAP, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statements of financial condition and results of operations for the periods indicated. Material estimates that require application of management’s most difficult, subjective or complex judgment and are particularly susceptible to change include: the allowance for credit losses, the evaluation of goodwill and other intangible assets for impairment, and income taxes. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the consolidated financial statements in the period they are deemed necessary. While management uses its best judgment, actual amounts or results could differ significantly from those estimates. The current economic environment has increased the degree of uncertainty inherent in these material estimates. Actual amounts as of the balance sheet dates may be materially different than the amounts and values reported due to the inherent uncertainty in the estimation process. Also, future amounts and values could differ materially from those estimates due to changes in values and circumstances after the balance sheet date.</span></div>
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92429000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
73296000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
176525000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
183454000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
403790242 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331748552 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
403654665 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331675313 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
841603 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1211250 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1388518 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1254046 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
332959802 shares
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1628000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
26744000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-532000 USD
CY2020Q2 vly Impaired Loans Reported Net Carrying Value
ImpairedLoansReportedNetCarryingValue
42800000 USD
CY2020Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
1733000 USD
CY2020Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
105000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2700000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2300000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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482000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
494000 shares
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27276000 USD
CY2020Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
105000 USD
CY2019Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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-321000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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-532000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-610000 USD
CY2020Q2 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
115000000.0 USD
CY2019Q4 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
74500000 USD
CY2020Q2 vly Collateral Dependent Impaired Loans Carrying Value
CollateralDependentImpairedLoansCarryingValue
110900000 USD
CY2020Q2 vly Impaired Loans Specific Valuation Allowance Allocation
ImpairedLoansSpecificValuationAllowanceAllocation
68100000 USD
vly Fair Value Unobservable Inputs Quantitative Information For Assets Measured On Nonrecurring Basis Loan Servicing Rights Prepayment Rate
FairValueUnobservableInputsQuantitativeInformationForAssetsMeasuredOnNonrecurringBasisLoanServicingRightsPrepaymentRate
0.170
vly Fair Value Unobservable Inputs Quantitative Information For Assets Measured On Nonrecurring Basis Loan Servicing Rights Discount Rate
FairValueUnobservableInputsQuantitativeInformationForAssetsMeasuredOnNonrecurringBasisLoanServicingRightsDiscountRate
0.096
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
14400000 USD
CY2020Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
54400000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
41400000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
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1689388000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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49985000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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1874000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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1641277000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1558787000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
13596000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
5582000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
153479000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1360000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
52031000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
514000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
205510000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1874000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
289110000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1347000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
306513000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4235000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
595623000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
5582000 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
95 security
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
182 security
CY2020Q2 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
1100000000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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26643000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
26742000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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97248000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
99501000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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104076000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
106154000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
72696000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
74265000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
1340614000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
1382726000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1641277000 USD
CY2020Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1689388000 USD
vly Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Available For Sale
WeightedAverageRemainingExpectedLifeOfResidentialMortgageBackedSecuritiesAvailableForSale
P4Y9M18D
CY2020Q2 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
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647326000 USD
CY2019Q2 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
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2900000 USD
CY2020Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2133427000 USD
CY2020Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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69787000 USD
CY2020Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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8338000 USD
CY2020Q2 us-gaap Held To Maturity Securities Fair Value
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2194876000 USD
CY2019Q4 us-gaap Held To Maturity Securities
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2336095000 USD
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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34556000 USD
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
11931000 USD
CY2019Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
2358720000 USD
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
65687000 USD
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
572000 USD
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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51231000 USD
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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7766000 USD
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
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116918000 USD
CY2020Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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8338000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
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324246000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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1483000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
323080000 USD
CY2019Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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10448000 USD
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
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11931000 USD
CY2020Q2 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
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26 security
CY2019Q4 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
82 security
CY2020Q2 us-gaap Held To Maturity Securities Restricted
HeldToMaturitySecuritiesRestricted
1300000000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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92432000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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93313000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
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171778000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
179833000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
203555000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
215200000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
214081000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
210931000 USD
CY2020Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
32314611000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
1451581000 USD
CY2020Q2 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
1495599000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
29699208000 USD
CY2020Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2133427000 USD
CY2020Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
2194876000 USD
CY2020Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2133427000 USD
vly Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Held To Maturity
WeightedAverageRemainingExpectedLifeOfResidentialMortgageBackedSecuritiesHeldToMaturity
P3Y10M24D
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2336095000 USD
CY2020Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
1600000 USD
CY2020Q2 vly Debt Securities Heldto Maturity Charge Offs
DebtSecuritiesHeldtoMaturityChargeOffs
0 USD
CY2020Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
131300000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
12600000 USD
CY2020Q2 vly Financing Receivable Accrued Interest
FinancingReceivableAccruedInterest
104200000 USD
CY2019Q4 vly Financing Receivable Accrued Interest
FinancingReceivableAccruedInterest
86300000 USD
vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
0 USD
vly Days Past Due To Place On Non Accrual Status
DaysPastDueToPlaceOnNonAccrualStatus
P90D
CY2020Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
210585000 USD
CY2020Q2 vly Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
303718000 USD
CY2020Q2 vly Financing Receivable Recorded Investment Current Non Pci Loans
FinancingReceivableRecordedInvestmentCurrentNonPCILoans
32010893000 USD
CY2020Q2 vly Past Due Non Accrual And Current Non Pci Loans
PastDueNonAccrualAndCurrentNonPciLoans
32314611000 USD
CY2020Q2 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
70669000 USD
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
93058000 USD
CY2019Q4 vly Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
161284000 USD
CY2019Q4 vly Financing Receivable Recorded Investment Current Non Pci Loans
FinancingReceivableRecordedInvestmentCurrentNonPCILoans
22908325000 USD
CY2019Q4 vly Financing Receivable Recorded Investment Pci Loans
FinancingReceivableRecordedInvestmentPCILoans
6629599000 USD
CY2019Q4 vly Financing Receivable Recorded Investment Non Pci Loans
FinancingReceivableRecordedInvestmentNonPCILoans
16542593000 USD
CY2020Q2 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
TroubledDebtRestructuringsNotReportedAsNonAccrualLoans
53900000 USD
CY2019Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
TroubledDebtRestructuringsNotReportedAsNonAccrualLoans
73000000.0 USD
CY2020Q2 vly Non Performing Troubled Debt Restructuring Loans
NonPerformingTroubledDebtRestructuringLoans
85600000 USD
CY2019Q4 vly Non Performing Troubled Debt Restructuring Loans
NonPerformingTroubledDebtRestructuringLoans
65100000 USD
CY2020Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7 contract
CY2020Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
10372000 USD
CY2020Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
8165000 USD
CY2019Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
19 contract
CY2019Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
17885000 USD
CY2019Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
17409000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
24 contract
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
27379000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
24654000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
56 contract
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
43036000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
42068000 USD
vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
8400000 USD
vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
11700000 USD
CY2020Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
2900000 USD
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
3700000 USD
CY2019Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
1100000 USD
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
2000000.0 USD
vly Days Past Due To Place On Non Accrual Status
DaysPastDueToPlaceOnNonAccrualStatus
P90D
CY2020Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
23 contract
CY2020Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
15410000 USD
CY2019Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
19 contract
CY2019Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
12705000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
23 contract
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
15410000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
22 contract
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
12938000 USD
vly Financing Receivable Modifications Not Troubled Debt Restructurings Numberof Contracts
FinancingReceivableModificationsNotTroubledDebtRestructuringsNumberofContracts
7000
vly Financing Receivable Modifications Not Troubled Debt Restructurings Amount
FinancingReceivableModificationsNotTroubledDebtRestructuringsAmount
3100000000 USD
CY2020Q2 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
8300000 USD
CY2019Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
9400000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
309614000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
161759000 USD
CY2020Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
10109000 USD
CY2019Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
2845000 USD
CY2020Q2 vly Allowance For Credit Losses
AllowanceForCreditLosses
319723000 USD
CY2019Q4 vly Allowance For Credit Losses
AllowanceForCreditLosses
164604000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
16657000 USD
CY2020Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
10100000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1904000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
283342000 USD
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
41025000 USD
CY2019Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3706000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
74876000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11562000 USD
CY2020Q2 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
90000 USD
CY2019Q2 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-1606000 USD
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
163000 USD
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-1462000 USD
CY2020Q2 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
41115000 USD
CY2019Q2 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
2100000 USD
vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
75039000 USD
vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
10100000 USD
CY2020Q2 vly Number Of Basic Components To Establish Allowance For Credit Losses For Loans
NumberOfBasicComponentsToEstablishAllowanceForCreditLossesForLoans
2 component
CY2020Q2 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
194396000 USD
CY2020Q2 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
14753000 USD
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
41025000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
309614000 USD
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
154381000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
4825000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1843000 USD
CY2019Q2 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
2982000 USD
CY2019Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3706000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
155105000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
22962000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3410000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
161759000 USD
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
19552000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
74876000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
309614000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
151859000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
11150000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
2834000 USD
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
8316000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11562000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
155105000 USD
us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
61600000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
71498000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
238116000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
309614000 USD
CY2020Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
241278000 USD
CY2020Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
32073333000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
32314611000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
38576000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
123183000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
161759000 USD
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
163644000 USD
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
22905965000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
29699208000 USD
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
47219000 USD
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
116425000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
163644000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
179243000 USD
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
38576000 USD
CY2020Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
890771000 USD
CY2019Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
875958000 USD
CY2020Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
55014000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
108506000 USD
CY2020Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
18130000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
86435000 USD
CY2020Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
853887000 USD
CY2020Q2 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
853887000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12200000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1373625000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1784000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
1375409000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
203232000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
124486000 USD
CY2020Q2 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
825000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
77921000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
199932000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
113113000 USD
CY2019Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
47000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
86772000 USD
CY2020Q2 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
669000 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
778000 USD
CY2019Q2 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
107000 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
83000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6700000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8500000 USD
CY2019Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0168
CY2020Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0037
CY2020Q2 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.0525
CY2020Q2 us-gaap Subordinated Debt
SubordinatedDebt
113100000 USD
vly Number Of Active Employee Stock Plans
NumberOfActiveEmployeeStockPlans
1 employee_stock_plan
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2500000 shares
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8300000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25400000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2020Q2 us-gaap Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
22 swap
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
-1773000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
-962000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
-3253000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent
-1512000 USD
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1416000 USD
CY2019Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-347000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1505000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-757000 USD
CY2020Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
176700000 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
516866000 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
516866000 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
350000000 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
166866000 USD
CY2020Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
393733000 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
393733000 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
350118000 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
16881000 USD
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
26734000 USD
CY2020Q2 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
1393000 USD
CY2019Q2 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
1708000 USD
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
2627000 USD
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
3421000 USD
CY2020Q2 vly Other Tax Credit Investment Credits And Tax Benefits
OtherTaxCreditInvestmentCreditsAndTaxBenefits
2540000 USD
CY2019Q2 vly Other Tax Credit Investment Credits And Tax Benefits
OtherTaxCreditInvestmentCreditsAndTaxBenefits
2158000 USD
vly Other Tax Credit Investment Credits And Tax Benefits
OtherTaxCreditInvestmentCreditsAndTaxBenefits
3840000 USD
vly Other Tax Credit Investment Credits And Tax Benefits
OtherTaxCreditInvestmentCreditsAndTaxBenefits
4961000 USD
CY2020Q2 vly Income Tax Expense Benefit Reduction From Affordable Housing Tax Credits And Other Tax Credit Investments
IncomeTaxExpenseBenefitReductionFromAffordableHousingTaxCreditsAndOtherTaxCreditInvestments
3933000 USD
CY2019Q2 vly Income Tax Expense Benefit Reduction From Affordable Housing Tax Credits And Other Tax Credit Investments
IncomeTaxExpenseBenefitReductionFromAffordableHousingTaxCreditsAndOtherTaxCreditInvestments
3866000 USD
vly Income Tax Expense Benefit Reduction From Affordable Housing Tax Credits And Other Tax Credit Investments
IncomeTaxExpenseBenefitReductionFromAffordableHousingTaxCreditsAndOtherTaxCreditInvestments
6467000 USD
vly Income Tax Expense Benefit Reduction From Affordable Housing Tax Credits And Other Tax Credit Investments
IncomeTaxExpenseBenefitReductionFromAffordableHousingTaxCreditsAndOtherTaxCreditInvestments
8382000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2019Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
327742000 USD
CY2020Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
348525000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
65966000 USD
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
282559000 USD
CY2020Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
41156000 USD
CY2020Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
241403000 USD
CY2020Q2 vly Average Interest Earning Assets
AverageInterestEarningAssets
37778387000 USD
CY2019Q2 vly Average Interest Earning Assets
AverageInterestEarningAssets
29877384000 USD
CY2020Q2 us-gaap Noninterest Income
NoninterestIncome
44830000 USD
CY2020Q2 us-gaap Noninterest Expense
NoninterestExpense
157166000 USD
CY2020Q2 vly Internal Expense Transfer On Business Segments
InternalExpenseTransferOnBusinessSegments
0 USD
CY2019Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
220234000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
107508000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
129067000 USD
CY2020Q2 vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0137
us-gaap Noninterest Expense
NoninterestExpense
312822000 USD
CY2019Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2100000 USD
CY2019Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
218134000 USD
CY2019Q2 us-gaap Noninterest Income
NoninterestIncome
27603000 USD
CY2019Q2 us-gaap Noninterest Expense
NoninterestExpense
141737000 USD
CY2019Q2 vly Internal Expense Transfer On Business Segments
InternalExpenseTransferOnBusinessSegments
0 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
104000000 USD
CY2019Q2 vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0139
vly Average Interest Earning Assets
AverageInterestEarningAssets
36226232000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
712318000 USD
us-gaap Interest Expense
InterestExpense
164420000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
547898000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
75839000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
472059000 USD
us-gaap Noninterest Income
NoninterestIncome
86227000 USD
vly Internal Expense Transfer On Business Segments
InternalExpenseTransferOnBusinessSegments
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
245464000 USD
vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0136
vly Average Interest Earning Assets
AverageInterestEarningAssets
29721015000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
647966000 USD
us-gaap Interest Expense
InterestExpense
209084000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
438882000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
10100000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
428782000 USD
us-gaap Noninterest Income
NoninterestIncome
135276000 USD
us-gaap Noninterest Expense
NoninterestExpense
289532000 USD
vly Internal Expense Transfer On Business Segments
InternalExpenseTransferOnBusinessSegments
0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
274526000 USD
vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0185

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