Valley National Bancorp (VLY) Rent Expense (2009 - 2026)
Valley National Bancorp's (VLY) quarterly Rent Expense came in at $27.2 million in Q1 2026, up 5.0% YoY from $25.9 million in Q1 2025, and up 4.31% on a QoQ basis from $26.1 million in Q4 2025.
Valley National Bancorp (VLY) Rent Expense (2009 - 2026) Analysis & Trends
Valley National Bancorp (VLY) has 18 years of Rent Expense data on file, last reported at $27.2 million in Q1 2026.
- Quarterly Rent Expense rose 5.0% year-over-year to $27.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $103.6 million (changed 0.1% YoY) and the FY2025 annual result came in at $102.3 million, changed 0.17% from the prior year.
- Rent Expense climbed to $27.2 million in Q1 2026, from $26.1 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $27.6 million in Q4 2023 to a low of $22.0 million in Q1 2022.
- A 5-year average of $25.1 million and a median of $25.5 million in 2025 frame the typical range for Rent Expense.
- The widest YoY moves for Rent Expense: up 32.82% in 2022, down 31.83% in 2022.
- Tracing VLY's Rent Expense over 5 years: stood at $23.4 million in 2022, then increased by 17.67% to $27.6 million in 2023, then dropped by 3.68% to $26.6 million in 2024, then retreated by 1.95% to $26.1 million in 2025, then climbed by 4.31% to $27.2 million in 2026.
- The last three Rent Expense figures came in at $27.2 million (Q1 2026), $26.1 million (Q4 2025), and $24.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Valley National Bancorp | 7.83 Bn | 7.50 Bn | - | 27.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.18 Mn |
| Jun 30, 2026 | 27.18 Mn |
| Mar 31, 2026 | 27.18 Mn |
| Mar 31, 2026 | 27.18 Mn |
| Dec 31, 2025 | 26.06 Mn |
| Dec 31, 2025 | 26.06 Mn |
| Sep 30, 2025 | 24.87 Mn |
| Sep 30, 2025 | 24.87 Mn |
| Jun 30, 2025 | 25.48 Mn |
| Jun 30, 2025 | 25.48 Mn |
| Mar 31, 2025 | 25.89 Mn |
| Mar 31, 2025 | 25.89 Mn |
| Dec 31, 2024 | 26.58 Mn |
| Dec 31, 2024 | 26.58 Mn |
| Sep 30, 2024 | 26.97 Mn |
| Sep 30, 2024 | 26.97 Mn |
| Jun 30, 2024 | 24.25 Mn |
| Jun 30, 2024 | 24.25 Mn |
| Mar 31, 2024 | 24.32 Mn |
| Mar 31, 2024 | 24.32 Mn |