2023 Q1 Form 10-K Financial Statement

#000071431023000043 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $720.2M $1.977B
YoY Change 111.55% 48.15%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.03M $31.06M $41.20M
YoY Change 17.31% 62.64% 43.06%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $284.2M $321.0M
YoY Change 1147.14% 158.23%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $203.7M $245.1M $780.7M
YoY Change 30.55% 55.84% 21.84%
Income Tax $57.17M $67.55M $211.8M
% Of Pretax Income 28.06% 27.55% 27.13%
Net Earnings $142.7M $174.0M $555.7M
YoY Change 22.23% 51.27% 17.28%
Net Earnings / Revenue 19.81% 28.11%
Basic Earnings Per Share $0.28 $1.14
Diluted Earnings Per Share $0.28 $341.6K $1.139M
COMMON SHARES
Basic Shares Outstanding 507.7M shares 506.4M shares 485.4M shares
Diluted Shares Outstanding 509.7M shares 487.8M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $5.706B $947.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $668.1M $664.9M $664.9M
YoY Change 97.95% 103.77% 13.66%
Goodwill $1.869B $1.869B
YoY Change 27.28% 28.1%
Intangibles $187.2M $197.5M
YoY Change 149.95% 180.53%
Long-Term Investments
YoY Change
Other Assets $194.4M
YoY Change 146.02%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $64.31B $57.46B $57.46B
YoY Change 47.66% 32.26% 32.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.540B $1.686B $1.686B
YoY Change 79.45% 183.92% 184.4%
Deferred Revenue
YoY Change
Short-Term Debt $6.413B $138.7M $138.7M
YoY Change 1224.52% -78.84% -11.07%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.953B $1.686B $1.686B
YoY Change 826.97% 183.92% 184.4%
LONG-TERM LIABILITIES
Long-Term Debt $2.255B $1.600B $1.600B
YoY Change 53.82% 131.52% 131.19%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.255B $1.600B $1.600B
YoY Change 53.82% 131.52% 131.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.953B $1.686B $1.686B
Total Long-Term Liabilities $2.255B $1.600B $1.600B
Total Liabilities $57.80B $51.06B $51.06B
YoY Change 50.3% 33.1% 33.11%
SHAREHOLDERS EQUITY
Retained Earnings $1.301B $1.218B
YoY Change 37.64% 37.89%
Common Stock $5.146B $5.158B
YoY Change 27.98% 27.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.291M $21.75M
YoY Change -94.42% -4.84%
Treasury Stock Shares 134.6K shares 1.522M shares
Shareholders Equity $6.512B $6.401B $6.401B
YoY Change
Total Liabilities & Shareholders Equity $64.31B $57.46B $57.46B
YoY Change 47.66% 32.26% 32.26%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $142.7M $174.0M $555.7M
YoY Change 22.23% 51.27% 17.28%
Depreciation, Depletion And Amortization $22.03M $31.06M $41.20M
YoY Change 17.31% 62.64% 43.06%
Cash From Operating Activities -$269.7M $197.9M $1.428B
YoY Change -154.37% -22.12% 70.64%
INVESTING ACTIVITIES
Capital Expenditures $18.26M $18.42M $68.94M
YoY Change -19.72% -194.0% 74.84%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$1.766B -$1.836B -$6.719B
YoY Change 13.04% 474.41% 545.17%
Cash From Investing Activities -$1.785B -$1.854B -$6.788B
YoY Change 12.57% 446.65% 528.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $350.0M $0.00
YoY Change -100.0%
Cash From Financing Activities $6.812B 1.486B $4.257B
YoY Change -3065.47% 134.04% 341.47%
NET CHANGE
Cash From Operating Activities -$269.7M 197.9M $1.428B
Cash From Investing Activities -$1.785B -1.854B -$6.788B
Cash From Financing Activities $6.812B 1.486B $4.257B
Net Change In Cash $4.758B -170.4M -$1.102B
YoY Change -460.71% -130.99% -252.9%
FREE CASH FLOW
Cash From Operating Activities -$269.7M $197.9M $1.428B
Capital Expenditures $18.26M $18.42M $68.94M
Free Cash Flow -$287.9M $179.5M $1.360B
YoY Change -160.84% -34.43% 70.43%

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CY2022 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
481000 usd
CY2021 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
-263000 usd
CY2020 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
635000 usd
CY2022 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
56336000 usd
CY2021 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
32896000 usd
CY2020 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
125087000 usd
CY2022 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1598823000 usd
CY2021 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
1177268000 usd
CY2020 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
993182000 usd
CY2022 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
11975000 usd
CY2021 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
7810000 usd
CY2020 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
7398000 usd
CY2022 vly Income From Capital Markets
IncomeFromCapitalMarkets
52362000 usd
CY2021 vly Income From Capital Markets
IncomeFromCapitalMarkets
27377000 usd
CY2020 vly Income From Capital Markets
IncomeFromCapitalMarkets
58962000 usd
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-1230000 usd
CY2021 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1758000 usd
CY2020 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
524000 usd
CY2022 vly Servicing Fees Net1
ServicingFeesNet1
11273000 usd
CY2021 vly Servicing Fees Net1
ServicingFeesNet1
11651000 usd
CY2020 vly Servicing Fees Net1
ServicingFeesNet1
10352000 usd
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
6418000 usd
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
26669000 usd
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
42251000 usd
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8040000 usd
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8817000 usd
CY2020 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
10083000 usd
CY2022 us-gaap Noninterest Income Other
NoninterestIncomeOther
46316000 usd
CY2021 us-gaap Noninterest Income Other
NoninterestIncomeOther
34597000 usd
CY2020 us-gaap Noninterest Income Other
NoninterestIncomeOther
22790000 usd
CY2022 us-gaap Noninterest Income
NoninterestIncome
206793000 usd
CY2021 us-gaap Noninterest Income
NoninterestIncome
155013000 usd
CY2020 us-gaap Noninterest Income
NoninterestIncome
183032000 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
526737000 usd
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
375865000 usd
CY2020 us-gaap Labor And Related Expense
LaborAndRelatedExpense
333221000 usd
CY2022 us-gaap Occupancy Net
OccupancyNet
94352000 usd
CY2021 us-gaap Occupancy Net
OccupancyNet
79355000 usd
CY2020 us-gaap Occupancy Net
OccupancyNet
81538000 usd
CY2022 vly Technology Furniture And Equipment Expense
TechnologyFurnitureAndEquipmentExpense
161752000 usd
CY2021 vly Technology Furniture And Equipment Expense
TechnologyFurnitureAndEquipmentExpense
89221000 usd
CY2020 vly Technology Furniture And Equipment Expense
TechnologyFurnitureAndEquipmentExpense
76889000 usd
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
22836000 usd
CY2021 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
14183000 usd
CY2020 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
18949000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37825000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21827000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24645000 usd
CY2022 vly Professional And Legal Fees
ProfessionalAndLegalFees
82618000 usd
CY2021 vly Professional And Legal Fees
ProfessionalAndLegalFees
38432000 usd
CY2020 vly Professional And Legal Fees
ProfessionalAndLegalFees
32348000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8406000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12036000 usd
CY2022 vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
12407000 usd
CY2021 vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
10910000 usd
CY2020 vly Investment Tax Credit Amortization
InvestmentTaxCreditAmortization
13335000 usd
CY2022 us-gaap Other Noninterest Expense
OtherNoninterestExpense
86422000 usd
CY2021 us-gaap Other Noninterest Expense
OtherNoninterestExpense
53343000 usd
CY2020 us-gaap Other Noninterest Expense
OtherNoninterestExpense
53187000 usd
CY2022 us-gaap Noninterest Expense
NoninterestExpense
1024949000 usd
CY2021 us-gaap Noninterest Expense
NoninterestExpense
691542000 usd
CY2020 us-gaap Noninterest Expense
NoninterestExpense
646148000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
780667000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
640739000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
530066000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
211816000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166899000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
139460000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
568851000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
473840000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
390606000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13146000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12688000 usd
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12688000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
555705000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
461152000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
377918000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2022 us-gaap Net Income Loss
NetIncomeLoss
568851000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
473840000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
390606000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-136981000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-23613000 usd
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
27845000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
23000 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
491000 usd
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
377000 usd
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-137004000 usd
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-24104000 usd
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
27468000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
3362000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
127000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2251000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-203000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2447000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2074000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
3565000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
2574000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-177000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
13175000 usd
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-10306000 usd
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
3418000 usd
CY2022 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-100000 usd
CY2021 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-96000 usd
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-98000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-644000 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1106000 usd
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-721000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
12631000 usd
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-11316000 usd
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
2795000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-146070000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-10214000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24496000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
422781000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
463626000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
415102000 usd
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
4384188000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
390606000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24496000 usd
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12982000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
4592120000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
473840000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10214000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
35358000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
23114000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
5084066000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
568851000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
18302000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
13517000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
6400802000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
568851000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
473840000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
390606000 usd
CY2022 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
72709000 usd
CY2021 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
54934000 usd
CY2020 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
57615000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
28788000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
20887000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
16154000 usd
CY2022 vly Allowance For Credit Loss Expense Reversal Including Debt Securities Held To Maturity
AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity
56817000 usd
CY2021 vly Allowance For Credit Loss Expense Reversal Including Debt Securities Held To Maturity
AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity
32633000 usd
CY2020 vly Allowance For Credit Loss Expense Reversal Including Debt Securities Held To Maturity
AllowanceForCreditLossExpenseReversalIncludingDebtSecuritiesHeldToMaturity
125722000 usd
CY2022 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
10653000 usd
CY2021 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
30251000 usd
CY2020 vly Accretion Amortization Of Discounts And Premiums Investments And Borrowings
AccretionAmortizationOfDiscountsAndPremiumsInvestmentsAndBorrowings
38315000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37825000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21827000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24645000 usd
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-1230000 usd
CY2021 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1758000 usd
CY2020 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
524000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
389666000 usd
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
1180912000 usd
CY2020 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
1019841000 usd
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
6418000 usd
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
26669000 usd
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
42251000 usd
CY2022 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
267158000 usd
CY2021 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
1003818000 usd
CY2020 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
1211227000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
897000 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
901000 usd
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1891000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8406000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7485000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
26827000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5060000 usd
CY2022 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
28907000 usd
CY2021 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
3397000 usd
CY2020 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
0 usd
CY2022 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
-24692000 usd
CY2021 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
38130000 usd
CY2020 us-gaap Increase Decrease In Debt Securities Trading
IncreaseDecreaseInDebtSecuritiesTrading
0 usd
CY2022 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8040000 usd
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
8817000 usd
CY2020 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
10083000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
74007000 usd
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-11527000 usd
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
593000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
259690000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-122241000 usd
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
311760000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
874880000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-63653000 usd
CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
58234000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1428479000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
837142000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
163561000 usd
CY2022 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
6868735000 usd
CY2021 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
1036949000 usd
CY2020 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2490937000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
91978000 usd
CY2022 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
11209000 usd
CY2021 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
4051000 usd
CY2020 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
8337000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
3118000 usd
CY2021 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
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<div style="margin-top:9pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Allowance for Credit Losses for Loans</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective January 1, 2020, Valley </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">uses the CECL methodology to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">estimates an allowance for credit losses for loans. The allowance for credit losses (ACL) is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Provisions for credit losses for loans and recoveries on loan previously charged-off by Valley are added back to the allowance. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under CECL, Valley's methodology to establish the allowance for credit losses for loans has two basic components: (1) a collective reserve component for estimated lifetime expected credit losses for pools of loans that share common risk characteristics and (2) an individual reserve component for loans that do not share common risk characteristics. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reserves for loans that share common risk characteristics.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Valley </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">estimated the collective ACL using a current expected credit losses methodology which is based on relevant information about historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the loan balances. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In estimating the component of the allowance on a collective basis, Valley uses a transition matrix model which calculates an expected life of loan loss percentage for each loan pool by generating probability of default and loss given default metrics. The metrics are based on the migration of loans from performing to loss by credit quality rating or delinquency categories using historical life-of-loan analysis periods for each loan portfolio pool, and the severity of loss, based on the aggregate net lifetime losses. The model's expected losses based on loss history are adjusted for qualitative factors. Among other things, these adjustments include and account for differences in: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i) the impact of the reasonable and supportable economic forecast,</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> probability weightings</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and reversion period, (ii) other asset specific risks to the extent they do not exist in the historical loss information, and (iii) net expected recoveries of charged off loan balances. These adjustments are based on qualitative factors not reflected in the quantitative model but are likely to impact the measurement of estimated credit losses. The expected lifetime loss rate is the life of loan loss percentage from the transition matrix model plus the impact of the adjustments for qualitative factors. The expected credit losses are the product of multiplying the model’s expected lifetime loss rate by the exposure at default at period end on an undiscounted basis.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Valley utilizes a two-year reasonable and supportable forecast period followed by a one-year period over which estimated losses revert to historical loss experience for the remaining life of the loan on a straight-line basis. The forecasts consist of a </span></div><div style="margin-top:9pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">multi-scenario economic forecast model to estimate future credit losses that is governed by a cross-functional committee. The committee meets each quarter to determine which economic scenarios developed by Moody's will be incorporated into the model, as well as the relative probability weightings of the selected scenarios, based upon all readily available information. The model projects economic variables under each scenario based on detailed statistical analyses. Valley has identified and selected key variables that most closely correlated to its historical credit performance, which include: GDP, unemployment and the Case-Shiller Home Price Index.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The loan credit quality data utilized in the transition matrix model is based on an internal credit risk rating system for the commercial and industrial loan and commercial real estate loan portfolio segments and delinquency aging status for the residential and consumer loan portfolio segments. Loans are risk-rated based on an internal credit risk grading process that evaluates, among other things: (i) the obligor’s ability to repay; (ii) the underlying collateral, if any; and (iii) the economic environment and industry in which the borrower operates. This analysis is performed at the relationship manager level for all commercial and industrial loans and commercial real estate loans, and evaluated by the Loan Review Department on a test basis. Loans with </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a grade that are below a “Pass” grade are adversely classified. Once a loan becomes adversely classified, it automatically transitions from the “Pass” segment of the model to the corresponding adversely rated pool segment. Within the transition matrix model, each adverse classification or segment (Special Mention, Substandard, Doubtful, and Loss) has its own </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">lifetime expected credit loss </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">rate derived from loan-level historical transitions between the different loan risk ratings categories.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reserves for loans that do not share common risk characteristics. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Valley measures specific reserves for individual loans that do not share common risk characteristics with other loans, consisting of collateral dependent, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">troubled debt restructured (</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TDR) loans, and expected TDR loans, based on the amount of lifetime expected credit losses calculated on those loans and charge-offs of those amounts determined to be uncollectible. Factors considered by Valley in measuring the extent of expected credit loss include payment status, collateral value, borrower financial condition, guarantor support and the probability of collecting scheduled principal and interest payments when due. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Collateral dependent loan balances are written down to the estimated current fair value (less estimated selling costs) of each loan’s underlying collateral resulting in an immediate charge-off to the allowance, excluding any consideration for personal guarantees that may be pursued in the Bank’s collection process.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> If repayment is based upon future expected cash flows, the present value of the expected future cash flows discounted at the loan’s original effective interest rate is compared to the carrying value of the loan, and any shortfall is recorded as the allowance for credit losses. The effective interest rate used to discount expected cash flows is adjusted to incorporate expected prepayments, if applicable.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Valley elected to exclude accrued interest on loans from the amortized cost of loans held for investment. The accrued interest is presented separately in the consolidated statements of financial condition.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Loans charge-offs. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Loans rated as “loss” within Valley's internal rating system are charged-off. Commercial loans are generally assessed for full or partial charge-off to the net realizable value for collateral dependent loans when a loan is between 90 or 120 days past due or sooner if it is probable that a loan may not be fully collectable. Residential loans and home equity loans are generally charged-off to net realizable value when the loan is 120 days past due (or sooner when the borrowers’ obligation has been released in bankruptcy). Automobile loans are fully charged-off when the loan is 120 days past due or partially charged-off to the net realizable value of collateral, if the collateral is recovered prior to such time. Unsecured consumer loans are generally fully charged-off when the loan is 150 days past due.</span></div>
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HeldToMaturitySecurities
3828984000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
3329470000 usd
CY2022 vly Weighted Average Remaining Expected Life Of Residential Mortgage Backed Securities Held To Maturity
WeightedAverageRemainingExpectedLifeOfResidentialMortgageBackedSecuritiesHeldToMaturity
P10Y2M12D
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
3828984000 usd
CY2021Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
2668697000 usd
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1165000 usd
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1428000 usd
CY2019Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
0 usd
CY2022 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
481000 usd
CY2021 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
-263000 usd
CY2020 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
635000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1646000 usd
CY2021Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1165000 usd
CY2020Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesHeldToMaturityAllowanceForCreditLossExcludingAccruedInterest
1428000 usd
CY2022 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff
0 usd
CY2021 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Writeoff
DebtSecuritiesHeldToMaturityAllowanceForCreditLossWriteoff
0 usd
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 usd
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
1370000 usd
CY2020 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
665000 usd
CY2022 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
0 usd
CY2021 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
550000 usd
CY2020 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
9000 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
820000 usd
CY2020 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
656000 usd
CY2022 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
171000 usd
CY2021 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
10000 usd
CY2020 vly Gross Gains Realized On Maturities And Other Securities Transactions
GrossGainsRealizedOnMaturitiesAndOtherSecuritiesTransactions
34000 usd
CY2022 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
76000 usd
CY2021 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
285000 usd
CY2020 vly Gross Losses Realized On Maturities And Other Securities Transactions
GrossLossesRealizedOnMaturitiesAndOtherSecuritiesTransactions
166000 usd
CY2022 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
95000 usd
CY2021 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
-275000 usd
CY2020 vly Gains Losses On Maturities And Other Securities Transactions
GainsLossesOnMaturitiesAndOtherSecuritiesTransactions
-132000 usd
CY2022 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-1325000 usd
CY2021 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
1213000 usd
CY2020 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
0 usd
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-1230000 usd
CY2021 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1758000 usd
CY2020 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
524000 usd
CY2022Q4 vly Combined Loan To Value Ratio Home Equity Loans
CombinedLoanToValueRatioHomeEquityLoans
0.80
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
46917200000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
34153657000 usd
CY2022Q4 vly Non Covered Loans Net Of Unearned Discount And Deferred Loan Fees
NonCoveredLoansNetOfUnearnedDiscountAndDeferredLoanFees
120500000 usd
CY2021Q4 vly Non Covered Loans Net Of Unearned Discount And Deferred Loan Fees
NonCoveredLoansNetOfUnearnedDiscountAndDeferredLoanFees
78500000 usd
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
5900000000 usd
CY2022Q4 vly Non Covered Loans Net Of Earned Discount And Deferred Loan Fees
NonCoveredLoansNetOfEarnedDiscountAndDeferredLoanFees
98600000 usd
CY2022Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
175900000 usd
CY2021Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
83700000 usd
CY2022 vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
0 usd
CY2021 vly Sales Of Loans Held For Investment
SalesOfLoansHeldForInvestment
0 usd
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
233439000 usd
CY2022 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
41987000 usd
CY2022 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
67328000 usd
CY2022Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
208098000 usd
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
269761000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
46917200000 usd
CY2022Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
102186000 usd
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
240216000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
34153657000 usd
CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
100190000 usd
CY2022 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
21700000 usd
CY2021 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
7100000 usd
CY2020 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
6200000 usd
CY2022Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
TroubledDebtRestructuringsNotReportedAsNonAccrualLoans
77500000 usd
CY2021Q4 vly Troubled Debt Restructurings Not Reported As Non Accrual Loans
TroubledDebtRestructuringsNotReportedAsNonAccrualLoans
71300000 usd
CY2022Q4 vly Non Performing Troubled Debt Restructuring Loans
NonPerformingTroubledDebtRestructuringLoans
124000000 usd
CY2021Q4 vly Non Performing Troubled Debt Restructuring Loans
NonPerformingTroubledDebtRestructuringLoans
117200000 usd
CY2022 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
112 contract
CY2022 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
158160000 usd
CY2022 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
128269000 usd
CY2021 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
100 contract
CY2021 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
114152000 usd
CY2021 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
106234000 usd
CY2022 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
63000000 usd
CY2021 vly Specific Reserves For Loan Losses
SpecificReservesForLoanLosses
29100000 usd
CY2022 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
26200000 usd
CY2021 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
6000000 usd
CY2022 vly Days Past Due To Place On Non Accrual Status
DaysPastDueToPlaceOnNonAccrualStatus
P90D
CY2021 vly Days Past Due To Place On Non Accrual Status
DaysPastDueToPlaceOnNonAccrualStatus
P90D
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
4 contract
CY2022 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
27122000 usd
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3 contract
CY2021 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
27860000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
458655000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
359202000 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
24600000 usd
CY2021Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
16500000 usd
CY2022Q4 vly Allowance For Credit Losses
AllowanceForCreditLosses
483255000 usd
CY2021Q4 vly Allowance For Credit Losses
AllowanceForCreditLosses
375702000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
48236000 usd
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
340243000 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
27507000 usd
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
123922000 usd
CY2022 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
8100000 usd
CY2021 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
5389000 usd
CY2020 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
1165000 usd
CY2022 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
56336000 usd
CY2021 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
32896000 usd
CY2020 vly Allowance For Credit Loss Expense Reversal
AllowanceForCreditLossExpenseReversal
125087000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
359202000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivableExcludingAccruedInterestPurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
70319000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
41896000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
22794000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
19102000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
48236000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
458655000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
359202000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivableExcludingAccruedInterestPurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
6542000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
26332000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
11242000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoffAfterRecovery
15090000 usd
CY2021 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
27507000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
359202000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Loss Purchased With Credit Deterioration Increase
FinancingReceivableAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
62400000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
86594000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
372061000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
458655000 usd
CY2022Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
374093000 usd
CY2022Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
46543107000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
46917200000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
71496000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
287706000 usd
CY2020 us-gaap Sublease Income
SubleaseIncome
2520000 usd
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
298795000 usd
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
33854862000 usd
CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
34153657000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
306317000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
258714000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
35000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
403000 usd
CY2022Q4 vly Operating And Finance Lease Rightof Use Asset
OperatingAndFinanceLeaseRightofUseAsset
306352000 usd
CY2021Q4 vly Operating And Finance Lease Rightof Use Asset
OperatingAndFinanceLeaseRightofUseAsset
259117000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
358851000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
282339000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
33000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
767000 usd
CY2022Q4 vly Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
358884000 usd
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
4296000 usd
CY2021Q4 vly Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
283106000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
379000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
378000 usd
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
363000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
30000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
91000 usd
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
146000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
42268000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
34842000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
36094000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
874000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
700000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
783000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
4647000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3417000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
2982000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
3044000 usd
CY2022 us-gaap Lease Cost
LeaseCost
45216000 usd
CY2021 us-gaap Lease Cost
LeaseCost
36384000 usd
CY2020 us-gaap Lease Cost
LeaseCost
39162000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
43768000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
35173000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
35943000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
31000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
92000 usd
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
146000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
745000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
681000 usd
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
612000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0329
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0328
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0139
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0724
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
266610000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
45626000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
18000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
233309000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
44370000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
187165000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
42699000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
138599000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
43675000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
73882000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
38398000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
43270000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
217732000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2022Q4 us-gaap Finance Lease Liability Payments Due
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CY2021Q4 vly Salestype And Direct Financing Lease Unguaranteed Residual Asset
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CY2022Q4 vly Salestypeand Direct Financing Leases Lease Receivables
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4500000 usd
CY2021Q4 vly Salestypeand Direct Financing Leases Lease Receivables
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CY2021 us-gaap Lease Income
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2021Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Servicing Asset At Amortized Value
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22810000 usd
CY2019Q4 us-gaap Servicing Asset At Amortized Value
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CY2022Q4 us-gaap Servicing Asset At Amortized Value
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CY2021Q4 us-gaap Servicing Asset At Amortized Value
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CY2022Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
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CY2021Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
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CY2020Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
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CY2022Q4 us-gaap Time Deposit Maturities After Year Five
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CY2021Q4 us-gaap Securities Loaned Fair Value Of Collateral
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CY2021Q4 us-gaap Interest Receivable
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CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 vly Deferred Tax Liabilities Pension Plan
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CY2021Q4 us-gaap Deferred Tax Liabilities Investments
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CY2020 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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InterestIncomeExpenseNet
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InterestIncomeExpenseAfterProvisionForLoanLoss
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NoninterestIncome
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NoninterestExpense
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InternalExpenseTransferOnBusinessSegments
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ReturnOnAverageInterestEarningAssetsBeforeTax
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AverageInterestEarningAssets
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InterestAndDividendIncomeOperating
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InterestExpense
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InterestIncomeExpenseNet
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InterestIncomeExpenseAfterProvisionForLoanLoss
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NoninterestIncome
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NoninterestExpense
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InternalExpenseTransferOnBusinessSegments
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530066000 usd
CY2020 vly Return On Average Interest Earning Assets Before Tax
ReturnOnAverageInterestEarningAssetsBeforeTax
0.0143
CY2022 dei Auditor Name
AuditorName
KPMG LLP
CY2022 dei Auditor Location
AuditorLocation
Short Hills, NJ
CY2022 dei Auditor Firm
AuditorFirmId
185

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