Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017, 2016 and 2015:

	Year Ended December 31, 2017
	Consumer Lending			Commercial Lending			Investment Management			Corporate and Other Adjustments			Total
	($ in thousands)
Average interest earning assets (unaudited)	$	5,166,171		$	12,652,832		$	3,669,495		$	—		$	21,488,498
Interest income	$	182,508		$	560,562		$	107,972		$	(8,623	)	$	842,419
Interest expense	39,018			95,562			27,714			11,813			174,107
Net interest income (loss)	143,490			465,000			80,258			(20,436		)	668,312
Provision for credit losses	3,197			6,745			—			—			9,942
Net interest income (loss) after provision for credit losses	140,293			458,255			80,258			(20,436		)	658,370
Non-interest income	63,375			3,149			7,745			29,172			103,441
Non-interest expense	72,207			71,216			1,193			364,457			509,073
Internal expense transfer	68,007			166,847			48,393			(283,247		)	—
Income (loss) before income taxes	$	63,454		$	223,341		$	38,417		$	(72,474	)	$	252,738
Return on average interest earning assets (pre-tax) (unaudited)	1.23		%	1.77		%	1.05		%	N/A			1.18		%

	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		%