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Popular (Popular) Retained Earnings

: $4,195 Mil (As of Dec. 2023)
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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Popular's retained earnings for the quarter that ended in Dec. 2023 was $4,195 Mil.

Popular's quarterly retained earnings increased from Jun. 2023 ($4,093 Mil) to Sep. 2023 ($4,190 Mil) and increased from Sep. 2023 ($4,190 Mil) to Dec. 2023 ($4,195 Mil).

Popular's annual retained earnings increased from Dec. 2021 ($2,974 Mil) to Dec. 2022 ($3,834 Mil) and increased from Dec. 2022 ($3,834 Mil) to Dec. 2023 ($4,195 Mil).

Popular Retained Earnings Historical Data

The historical data trend for Popular's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Popular Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,147.92 2,260.93 2,973.75 3,834.35 4,194.85

Popular Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,834.35 3,982.14 4,093.28 4,189.87 4,194.85

Popular Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Popular  (NAS:BPOP) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Popular (Popular) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Popular Inc (NAS:BPOP) » Definitions » Retained Earnings
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Traded in Other Exchanges
BPOPO.PFD:USA PP4A:Germany
Address
209 Munoz Rivera Avenue, Hato Rey, PRI, 00918
Website
https://www.popular.com
Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, the largest bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. Popular recently restructured PFH and moved much of its activities into BPNA.
Executives
Eli Sepulveda officer: EVP P O BOX 362708, SAN JUAN PR 00936-2708
Eduardo J. Negron officer: Senior Vice President P.O. BOX 362708, SAN JUAN PR 00936-2708
Camille Burckhart officer: Executive Vice President PO BOX 362708, SAN JUAN PR 00936-2708
Maria Luisa Ferre director PO BOX 9066590, SAN JUAN PR 00906-6590
Gilberto Monzon officer: EXECUTIVE VICE PRESIDENT P. O. BOX 362708, SAN JUAN PR 00936-2708
Jorge J. Garcia officer: Senior VP & Comptroller P O BOX 362708, SAN JUAN PR 00936-2708
Alejandro M Sanchez director C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE, GLENVILLE NY 12302
Carlos J Vazquez officer: EVP P O BOX 195334, SAN JUAN PR 00919-5334
C Kim Goodwin director C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Jose R. Coleman-tio officer: EVP & CHIEF LEGAL OFFICER P.O. BOX 362708, SAN JUAN PR 00936-2709
Luis E. Cestero officer: Executive Vice President P O BOX 362708, SAN JUAN PR 00936-2708
Juan Guerrero officer: Executive Vice President P.O. BOX 362708, SAN JUAN PR 00936-2708
Richard L Carrion director, officer: President & Chairman POPULAR INC & BANCO POPULAR DE, 209 MONZ RIVERA AVE 3RD FL PURERTO RICO, HATO REY PR 00918
Carlos Unanue director P O BOX 601467, SAN JUAN PR 00960
Ignacio Alvarez officer: EVP & GENERAL COUNSEL P O BOX 362708, SAN JUAN PR 00936-2708