What is Truist Financial's c&cb — goodwill, impairment loss?

Truist Financial (TFC) reported c&cb — goodwill, impairment loss of $679.25M in Q4 2023.

What does c&cb — goodwill, impairment loss mean?

A loss recorded when the value of a previously acquired business is determined to be lower than what is currently on the books.

Discontinued — last reported Q4 '23

Business Segments · Goodwill, Impairment Loss

C&CB — Goodwill, Impairment Loss

Truist Financial C&CB — Goodwill, Impairment Loss remained flat by 0.0% to $679.25M in Q4 2023 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ1 2021

Last reportedQ4 2023

How to read this metric

Any value above zero is a negative signal, indicating a write-down of past investment value.

Detailed definition

This represents a non-cash charge recognized when the carrying value of goodwill within the corporate and commercial ban...

Peer comparison

Standard impairment testing under GAAP/IFRS for all public companies.

Metric ID: tfc_segment_c_cb_goodwill_impairment_loss

Historical Data

3 years

	FY'21	FY'22	FY'23
Value	$0.00	$0.00	$2.72B

Range$0.00 – $2.72B

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Frequently Asked Questions

What is Truist Financial's c&cb — goodwill, impairment loss?: Truist Financial (TFC) reported c&cb — goodwill, impairment loss of $679.25M in Q4 2023.
What does c&cb — goodwill, impairment loss mean?: A loss recorded when the value of a previously acquired business is determined to be lower than what is currently on the books.