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

Truist Financial (TFC) reported cb-commercial — goodwill of $3.65B in Q4 2023.

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

Truist Financial's cb-commercial — goodwill decreased by 40.6% year-over-year, from $6.15B to $3.65B.

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

Over 2 years (2021 to 2023), Truist Financial's cb-commercial — goodwill has grown at a -3.9% compound annual growth rate (CAGR), from $24.65B to $22.76B.

What does cb-commercial — goodwill mean?

The value of intangible assets like brand reputation and customer base recorded after acquiring other businesses.

Discontinued — last reported Q4 '23

Business Segments · Goodwill

CB-Commercial — Goodwill

Truist Financial CB-Commercial — Goodwill decreased by 42.6% to $3.65B in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 40.6%, from $6.15B to $3.65B. Over 2 years (FY 2021 to FY 2023), CB-Commercial — Goodwill shows relatively stable performance with a -3.9% CAGR.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2017

Last reportedQ4 2023

Rolls up toGoodwill

How to read this metric

A stable balance is expected, while a sudden decrease signals an impairment charge due to a decline in the segment's fair value.

Detailed definition

This represents the residual value of acquired businesses within the corporate and commercial banking segment that excee...

Peer comparison

Standard balance sheet item for banks that have grown through acquisition.

Metric ID: tfc_segment_c_cb_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	$6.18B	$6.15B	$6.15B	$6.15B	$6.15B	$6.15B	$6.15B	$6.37B	$6.37B	$6.37B	$3.65B
QoQ Change	—	-0.4%	+0.0%	+0.0%	+0.0%	+0.0%	+0.1%	+3.5%	+0.0%	-0.0%	-42.6%
YoY Change	—	—	—	—	-0.4%	+0.0%	+0.1%	+3.6%	+3.6%	+3.6%	-40.6%

Range$3.65B – $6.37B

CAGR-18.9%

Avg YoY Growth-4.3%

Median YoY Growth+0.1%

Current Streak2 quarters decline

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Frequently Asked Questions

What is Truist Financial's cb-commercial — goodwill?: Truist Financial (TFC) reported cb-commercial — goodwill of $3.65B in Q4 2023.
How has Truist Financial's cb-commercial — goodwill changed year-over-year?: Truist Financial's cb-commercial — goodwill decreased by 40.6% year-over-year, from $6.15B to $3.65B.
What is the long-term trend for Truist Financial's cb-commercial — goodwill?: Over 2 years (2021 to 2023), Truist Financial's cb-commercial — goodwill has grown at a -3.9% compound annual growth rate (CAGR), from $24.65B to $22.76B.
What does cb-commercial — goodwill mean?: The value of intangible assets like brand reputation and customer base recorded after acquiring other businesses.