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Wintrust Financial WTFC Community Banking — Goodwill, Foreign Currency Translation Gain (Loss)
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Where this comes from
Reported directly by Wintrust Financial in its filing.
Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.
The source filing: Wintrust Financial’s 10-Q, filed November 8, 2024.
- Filed
- Nov 8, 2024
- Fiscal quarter
- Q3 FY2024
- Calendar quarter
- Q3 2024
- Accession
- 0001015328-24-000253
The community banking unit's goodwill increased $144.6 million in the third quarter of 2024 as a result of the Macatawa acquisition. The specialty finance unit’s goodwill decreased $478,000 in the first nine months of 2024 as a result of foreign currency translation adjustments related to the Canadian acquisitions.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Wintrust Financial's community banking — goodwill, foreign currency translation gain (loss)?
- Wintrust Financial (WTFC) reported community banking — goodwill, foreign currency translation gain (loss) of $144.6M in Q3 2024.
- What does community banking — goodwill, foreign currency translation gain (loss) mean?
- The impact of fluctuations in foreign exchange rates on the carrying value of goodwill associated with international acquisitions within the segment. This reflects non-cash adjustments due to currency volatility rather than operational performance.
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