What is Citizens Financial Group's commercial banking — goodwill impairment?

Citizens Financial Group (CFG) reported commercial banking — goodwill impairment of $0.00 in Q3 2023.

What does commercial banking — goodwill impairment mean?

A non-cash expense recognized when the value of a previously acquired business unit is determined to be lower than its recorded book value.

Discontinued — last reported Q3 '23

This is a positive signal — lower values indicate better performance for this metric.

StatementSegment

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ3 2022

Last reportedQ3 2023

An increase signals potential overpayment for past acquisitions or a deterioration in the competitive position of the commercial banking segment.

This represents a non-cash charge recorded when the carrying value of goodwill associated with the commercial banking se...

Commonly reported by all financial institutions under GAAP/IFRS when impairment testing is triggered.

Metric ID: cfg_segment_commercial_banking_goodwill_impairment_loss

2 periods

	Q3 '22	Q3 '23
Value	$0.00	$0.00

Range$0.00 – $0.00

What is Citizens Financial Group's commercial banking — goodwill impairment?: Citizens Financial Group (CFG) reported commercial banking — goodwill impairment of $0.00 in Q3 2023.
What does commercial banking — goodwill impairment mean?: A non-cash expense recognized when the value of a previously acquired business unit is determined to be lower than its recorded book value.