Valley National Bancorp (VLY) Rent Expense (2009 - 2026)
Valley National Bancorp's (VLY) quarterly Rent Expense came in at $27.2 million in Q2 2026, up 6.66% on a YoY basis from $25.5 million in Q2 2025, and little changed quarter-over-quarter from $27.2 million in Q1 2026.
Analysis
Valley National Bancorp (VLY) Rent Expense (2009 - 2026) Analysis & Trends
Valley National Bancorp (VLY) has reported Rent Expense for 18 consecutive years, with $27.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Rent Expense rose 6.66% year-over-year to $27.2 million; the trailing twelve-month figure through Jun 2026 stood at $105.3 million (changed 0.35% YoY), and the FY2025 full-year result was $102.3 million, changed 0.17% from the prior year.
- Rent Expense steadied at $27.2 million in Q2 2026 per VLY's latest filing, from $27.2 million in the prior quarter.
- Across five years, Rent Expense topped out at $27.6 million in Q4 2023 and bottomed at $22.0 million in Q1 2022.
- Historically, Rent Expense has averaged $25.3 million across 5 years, with a median of $25.7 million in 2025.
- The widest YoY moves for Rent Expense: up 32.82% in 2022, down 31.83% in 2022.
- Over 5 years, Rent Expense stood at $23.4 million in 2022, then gained by 17.67% to $27.6 million in 2023, then fell by 3.68% to $26.6 million in 2024, then slipped by 1.95% to $26.1 million in 2025, then climbed by 4.3% to $27.2 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $27.2 million, $27.2 million, and $26.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | - |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | 73.00 Mn |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | 68.00 Mn |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | 59.00 Mn |
| 10 | Valley National Bancorp | 7.75 Bn | 7.41 Bn | - | 27.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.18 Mn |
| Mar 31, 2026 | 27.18 Mn |
| Dec 31, 2025 | 26.06 Mn |
| Sep 30, 2025 | 24.87 Mn |
| Jun 30, 2025 | 25.48 Mn |
| Mar 31, 2025 | 25.89 Mn |
| Dec 31, 2024 | 26.58 Mn |
| Sep 30, 2024 | 26.97 Mn |
| Jun 30, 2024 | 24.25 Mn |
| Mar 31, 2024 | 24.32 Mn |
| Dec 31, 2023 | 27.59 Mn |
| Sep 30, 2023 | 24.68 Mn |
| Jun 30, 2023 | 25.95 Mn |
| Mar 31, 2023 | 23.26 Mn |
| Dec 31, 2022 | 23.45 Mn |
| Sep 30, 2022 | 26.49 Mn |
| Jun 30, 2022 | 22.43 Mn |
| Mar 31, 2022 | 21.99 Mn |
| Dec 31, 2021 | 20.18 Mn |
| Sep 30, 2021 | 19.94 Mn |