Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Financial Data for Business Segments

The following tables represent the financial data for Valley’s four business segments for the years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31, 2016
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets (unaudited)	$	5,081,798		$	11,318,947		$	3,428,567		$	—		$	19,829,312
Interest income	$	176,929		$	509,376		$	89,378		$	(8,760	)	$	766,923
Interest expense	35,175			78,347			23,732			11,520			148,774
Net interest income (loss)	141,754			431,029			65,646			(20,280		)	618,149
Provision for credit losses	905			10,964			—			—			11,869
Net interest income (loss) after provision for credit losses	140,849			420,065			65,646			(20,280		)	606,280
Non-interest income	63,443			3,292			6,694			29,796			103,225
Non-interest expense	62,721			70,145			1,281			341,978			476,125
Internal expense transfer	71,578			160,198			48,475			(280,251		)	—
Income (loss) before income taxes	$	69,993		$	193,014		$	22,584		$	(52,211	)	$	233,380
Return on average interest earning assets (pre-tax) (unaudited)	1.38		%	1.71		%	0.66		%	N/A			1.18		%

	Year Ended December 31, 2015
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets (unaudited)	$	4,764,306		$	9,682,714		$	2,978,484		$	—		$	17,425,504
Interest income	$	170,569		$	463,062		$	81,669		$	(8,277	)	$	707,023
Interest expense	39,787			80,861			24,873			11,233			156,754
Net interest income (loss)	130,782			382,201			56,796			(19,510		)	550,269
Provision for credit losses	1,153			6,948			—			—			8,101
Net interest income (loss) after provision for credit losses	129,629			375,253			56,796			(19,510		)	542,168
Non-interest income	45,306			744			6,815			30,937			83,802
Non-interest expense	59,794			68,156			1,074			370,051			499,075
Internal expense transfer	72,441			146,463			45,460			(264,364		)	—
Income (loss) before income taxes	$	42,700		$	161,378		$	17,077		$	(94,260	)	$	126,895
Return on average interest earning assets (pre-tax) (unaudited)	0.90		%	1.67		%	0.57		%	N/A			0.73		%

	Year Ended December 31, 2014
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets (unaudited)	$	4,122,468		$	7,959,215		$	2,959,100		$	—		$	15,040,783
Interest income	$	154,078		$	399,192		$	91,689		$	(8,356	)	$	636,603
Interest expense	41,343			79,820			29,676			11,007			161,846
Net interest income (loss)	112,735			319,372			62,013			(19,363		)	474,757
Provision for credit losses	438			1,446			—			—			1,884
Net interest income (loss) after provision for credit losses	112,297			317,926			62,013			(19,363		)	472,873
Non-interest income	40,611			(19,624		)	6,392			50,237			77,616
Non-interest expense	59,051			58,142			1,369			284,693			403,255
Internal expense transfer	65,477			126,465			47,060			(239,002		)	—
Income (loss) before income taxes	$	28,380		$	113,695		$	19,976		$	(14,817	)	$	147,234
Return on average interest earning assets (pre-tax) (unaudited)	0.69		%	1.43		%	0.68		%	N/A			0.98		%