What is Truist Financial's cb-retail — goodwill?

Truist Financial (TFC) reported cb-retail — goodwill of $13.50B in Q4 2023.

How has Truist Financial's cb-retail — goodwill changed year-over-year?

Truist Financial's cb-retail — goodwill decreased by 19.9% year-over-year, from $16.87B to $13.50B.

What is the long-term trend for Truist Financial's cb-retail — goodwill?

Over 2 years (2021 to 2023), Truist Financial's cb-retail — goodwill has grown at a 0.1% compound annual growth rate (CAGR), from $64.01B to $64.10B.

What does cb-retail — goodwill mean?

The value of intangible benefits like brand and customer base recorded after an acquisition.

Discontinued — last reported Q4 '23

Business Segments · Goodwill

CB-Retail — Goodwill

Truist Financial CB-Retail — Goodwill decreased by 19.9% to $13.50B in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 19.9%, from $16.87B to $13.50B. Over 2 years (FY 2021 to FY 2023), CB-Retail — Goodwill shows relatively stable performance with a 0.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryCapital Allocation

SignalHigher is better

VolatilityStable

First reportedQ4 2017

Last reportedQ4 2023

Rolls up toGoodwill

How to read this metric

A decrease typically signals an impairment charge, reflecting a reduction in the expected future value of the acquired business.

Detailed definition

This represents the excess of the purchase price over the fair value of identifiable net assets acquired in business com...

Peer comparison

Common for banks with significant M&A history; peers report this on the balance sheet.

Metric ID: tfc_segment_cb_w_goodwill

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$15.72B	$15.70B	$16.87B	$16.87B	$16.87B	$16.87B	$16.87B	$16.87B	$16.87B	$16.87B	$13.50B
QoQ Change	—	-0.1%	+7.4%	-0.0%	+0.0%	+0.0%	-0.0%	+0.0%	+0.0%	+0.0%	-19.9%
YoY Change	—	—	—	—	+7.3%	+7.4%	-0.0%	-0.0%	-0.0%	-0.0%	-19.9%

Range$13.50B – $16.87B

CAGR-5.9%

Avg YoY Growth-0.8%

Median YoY Growth-0.0%

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Frequently Asked Questions

What is Truist Financial's cb-retail — goodwill?: Truist Financial (TFC) reported cb-retail — goodwill of $13.50B in Q4 2023.
How has Truist Financial's cb-retail — goodwill changed year-over-year?: Truist Financial's cb-retail — goodwill decreased by 19.9% year-over-year, from $16.87B to $13.50B.
What is the long-term trend for Truist Financial's cb-retail — goodwill?: Over 2 years (2021 to 2023), Truist Financial's cb-retail — goodwill has grown at a 0.1% compound annual growth rate (CAGR), from $64.01B to $64.10B.
What does cb-retail — goodwill mean?: The value of intangible benefits like brand and customer base recorded after an acquisition.