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 2023
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.