Regulatory and Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2023

Financial Services, Banking and Thrift [Abstract]

Schedule of Actual Capital Positions and Ratios under Banking Regulations

The following table presents Valley’s and Valley National Bank’s actual capital positions and ratios under the Basel III risk-based capital guidelines at December 31, 2023 and 2022:

	Actual				Minimum Capital Requirements				To Be Well Capitalized Under Prompt Corrective Action Provision
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	($ in thousands)
As of December 31, 2023
Total Risk-based Capital
Valley	$	5,855,633	11.76	%	$	5,228,447	10.50	%	N/A		N/A
Valley National Bank	5,794,213		11.64		5,228,403		10.50		$	4,979,431	10.00	%
Common Equity Tier 1 Capital
Valley	4,623,473		9.29		3,485,631		7.00		N/A		N/A
Valley National Bank	5,420,894		10.89		3,485,602		7.00		3,236,630		6.50
Tier 1 Risk-based Capital
Valley	4,838,314		9.72		4,232,552		8.50		N/A		N/A
Valley National Bank	5,420,894		10.89		4,232,517		8.50		3,983,545		8.00
Tier 1 Leverage Capital
Valley	4,838,314		8.16		2,372,129		4.00		N/A		N/A
Valley National Bank	5,420,894		9.14		2,372,322		4.00		2,965,403		5.00
As of December 31, 2022
Total Risk-based Capital
Valley	$	5,569,639	11.63	%	$	5,026,621	10.50	%	N/A		N/A
Valley National Bank	5,659,511		11.84		5,018,129		10.50		$	4,779,170	10.00	%
Common Equity Tier 1 Capital
Valley	4,315,659		9.01		3,351,080		7.00		N/A		N/A
Valley National Bank	5,284,372		11.06		3,345,419		7.00		3,106,461		6.50
Tier 1 Risk-based Capital
Valley	4,530,500		9.46		4,069,169		8.50		N/A		N/A
Valley National Bank	5,284,372		11.06		4,062,295		8.50		3,823,336		8.00
Tier 1 Leverage Capital
Valley	4,530,500		8.23		2,200,822		4.00		N/A		N/A
Valley National Bank	5,284,372		9.60		2,200,891		4.00		2,751,114		5.00