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Valley National Bancorp (Valley National Bancorp) Allowance For Loans And Lease Losses : $-446.08 Mil (As of Dec. 2023)


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What is Valley National Bancorp Allowance For Loans And Lease Losses?

Valley National Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-446.08 Mil.

Valley National Bancorp's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-436.43 Mil) to Sep. 2023 ($-442.18 Mil) and declined from Sep. 2023 ($-442.18 Mil) to Dec. 2023 ($-446.08 Mil).

Valley National Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-359.20 Mil) to Dec. 2022 ($-458.66 Mil) but then increased from Dec. 2022 ($-458.66 Mil) to Dec. 2023 ($-446.08 Mil).


Valley National Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Valley National Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Valley National Bancorp Allowance For Loans And Lease Losses Chart

Valley National Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial Premium Member Only Premium Member Only -161.76 -340.24 -359.20 -458.66 -446.08

Valley National Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Allowance For Loans And Lease Losses Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -436.90 -436.43 -442.18 -446.08 -469.25

Valley National Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.


Valley National Bancorp Allowance For Loans And Lease Losses Related Terms

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Valley National Bancorp (Valley National Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
One Penn Plaza, New York, NY, USA, 10119
Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.