Valley National Bancorp VLY
NASDAQ VLY
$13.76 -0.16 (-1.15%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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