Discontinued — last reported Q4 '23
Business Segments · Goodwill
Retail Banking1 — Goodwill
PNC Financial Services Retail Banking1 — Goodwill remained flat by 0.0% to $6.47B in Q4 2023 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $6.47B to $6.47B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ4 2023Feb 21, 2024
Rolls up toGoodwill
How to read this metric
An increase typically reflects recent acquisition activity, while a decrease often indicates impairment charges due to underperformance of acquired assets.
Detailed definition
This represents the intangible asset created when the retail banking segment acquires another business for a price highe...
Peer comparison
Peers in retail banking report this as 'Goodwill' or 'Acquisition-related Intangibles' on their segment balance sheets, reflecting historical M&A strategy.
Metric ID:
pnc_segment_retail_banking1_goodwillHistorical Data
5 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|---|---|
| Value | $6.49B | $6.46B | $6.47B | $6.47B | $6.47B |
| QoQ Change | — | -0.5% | +0.2% | +0.0% | +0.0% |
| YoY Change | — | — | — | +0.0% | +0.0% |
Range$6.46B – $6.49B
CAGR-0.3%
Avg YoY Growth+0.0%
Median YoY Growth+0.0%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is PNC Financial Services's retail banking1 — goodwill?
- PNC Financial Services (PNC) reported retail banking1 — goodwill of $6.47B in Q4 2023.
- How has PNC Financial Services's retail banking1 — goodwill changed year-over-year?
- PNC Financial Services's retail banking1 — goodwill decreased by 0.0% year-over-year, from $6.47B to $6.47B.
- What does retail banking1 — goodwill mean?
- The excess purchase price paid for acquisitions within the retail banking segment over the fair value of the acquired net assets.