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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Retained Earnings : $159.1 Mil (As of Dec. 2023)


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What is Independent Bank (Ionia MI) Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Independent Bank (Ionia MI)'s retained earnings for the quarter that ended in Dec. 2023 was $159.1 Mil.

Independent Bank (Ionia MI)'s quarterly retained earnings increased from Jun. 2023 ($137.4 Mil) to Sep. 2023 ($150.2 Mil) and increased from Sep. 2023 ($150.2 Mil) to Dec. 2023 ($159.1 Mil).

Independent Bank (Ionia MI)'s annual retained earnings increased from Dec. 2021 ($74.6 Mil) to Dec. 2022 ($119.4 Mil) and increased from Dec. 2022 ($119.4 Mil) to Dec. 2023 ($159.1 Mil).


Independent Bank (Ionia MI) Retained Earnings Historical Data

The historical data trend for Independent Bank (Ionia MI)'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.

Independent Bank (Ionia MI) Retained Earnings Chart

Independent Bank (Ionia MI) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 40.15 74.58 119.37 159.11

Independent Bank (Ionia MI) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial 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 119.37 127.50 137.43 150.16 159.11

Independent Bank (Ionia MI) 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.


Independent Bank (Ionia MI)  (NAS:IBCP) 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.


Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description

Traded in Other Exchanges
N/A
Address
4200 East Beltline, Grand Rapids, MI, USA, 49525
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
Executives
Stefanie M Kimball officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
Terance L Beia director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller director 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
James J Twarozynski officer: Sr Vice President & Controller 201 HIGHLAND DRIVE, ROCKFORD MI 49341
Gavin A. Mohr officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter officer: First Vice Pres. & Controller 4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel officer: President of Affiliate Bank INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad director 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick J Ervin officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Dennis J Mack officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster officer: Executive Vice President and C 201 HIGHLAND DRIVE, ROCKFORD MI 49341
Stephen A. Erickson officer: EVP and Treasurer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401