XML 41 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The carrying amounts of goodwill allocated to Valley's reporting units at both June 30, 2025 and December 31, 2024, 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, 2025 and December 31, 2024: 
Gross
Intangible
Assets		Accumulated
Amortization		Net
Intangible
Assets
 (in thousands)
June 30, 2025
Loan servicing rights$127,325 $(106,685)$20,640 
Core deposits215,620 (148,924)66,696 
Other50,393 (23,150)27,243 
Total other intangible assets$393,338 $(278,759)$114,579 
December 31, 2024
Loan servicing rights$125,961 $(104,833)$21,128 
Core deposits215,620 (138,080)77,540 
Other50,393 (20,400)29,993 
Total other intangible assets$391,974 $(263,313)$128,661 
Estimated Future Amortization Expense
The following table presents the estimated future amortization expense of other intangible assets for the remainder of 2025 through 2029: 
YearLoan Servicing
Rights		Core
Deposits		Other
 (in thousands)
2025$1,351 $10,204 $2,630 
20262,501 17,223 4,805 
20272,205 13,544 4,205 
20281,927 10,117 3,633 
20291,692 7,500 3,081