v3.26.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The carrying amounts of goodwill allocated to Valley's reporting units at both June 30, 2026 and December 31, 2025, were as follows:
Reporting Unit *
Wealth
Management		Consumer
Banking		Commercial
Banking		Total
(in thousands)
$78,142 $349,646 $1,441,148 $1,868,936 
*    The Wealth Management and Consumer Banking reporting units are both components of the overall Consumer Banking operating segment, which is further described in Note 15.
Other Intangible Assets
The following table summarizes other intangible assets as of June 30, 2026 and December 31, 2025: 
Gross
Intangible
Assets		Accumulated
Amortization		Net
Intangible
Assets
(in thousands)
June 30, 2026
Loan servicing rights$130,114 $(110,636)$19,478 
Core deposits205,870 (158,297)47,573 
Other50,393 (28,245)22,148 
Total other intangible assets$386,377 $(297,178)$89,199 
December 31, 2025
Loan servicing rights$128,603 $(108,833)$19,770 
Core deposits215,620 (159,128)56,492 
Other50,393 (25,780)24,613 
Total other intangible assets$394,616 $(293,741)$100,875 
Estimated Future Amortization Expense
The following table presents the estimated future amortization expense of other intangible assets for the remainder of 2026 through 2030: 
YearLoan Servicing
Rights		Core
Deposits		Other
(in thousands)
2026$1,277 $8,304 $2,340 
20272,348 13,544 4,205 
20282,079 10,117 3,633 
20291,837 7,500 3,081 
20301,621 4,914 2,584