IF Bancorp (IF Bancorp) Retained Earnings : $43.38 Mil (As of Dec. 2023)

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What is IF Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. IF Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $43.38 Mil.

IF Bancorp's quarterly retained earnings declined from Jun. 2023 ($43.37 Mil) to Sep. 2023 ($43.16 Mil) but then increased from Sep. 2023 ($43.16 Mil) to Dec. 2023 ($43.38 Mil).

IF Bancorp's annual retained earnings increased from Jun. 2021 ($35.65 Mil) to Jun. 2022 ($40.36 Mil) and increased from Jun. 2022 ($40.36 Mil) to Jun. 2023 ($43.37 Mil).

IF Bancorp Retained Earnings Historical Data

The historical data trend for IF Bancorp'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.

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IF Bancorp Retained Earnings Chart

IF Bancorp Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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35.36

31.21

35.65

40.36

43.37

IF Bancorp 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															42.71	42.73	43.37	43.16	43.38

IF Bancorp 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.

IF Bancorp (NAS:IROQ) 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.

IF Bancorp (IF Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IF Bancorp Inc (NAS:IROQ) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

201 East Cherry Street, Watseka, IL, USA, 60970

Website

https://www.iroquoisfed.com

IF Bancorp Inc is a holding company. It is mainly engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. The company with the association take deposits from the general public and invest those deposits together with funds generated from operations and borrowings in various loans such as multi-family residential and mortgage loans, commercial real estate loans, home equity lines of credit, consumer loans, others, and also a variety of deposit accounts and alternative delivery channels.

Executives

Thomas J Chamberlain	officer: Vice President	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Richard Stenzinger	director	201 E CHERRY STREET, WATSEKA IL 60970
Dennis C Wittenborn	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Linda L. Hamilton	officer: EVP and COO	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Terry W Acree	officer: Vice President	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Rodney E Yergler	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Frank J Simutis	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Wayne A Lehmann	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Joseph A Cowan	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Hasselbring Walter H Iii	officer: Vice President and COO	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Alan D Martin	director, officer: President and CEO	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Gary Martin	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Pamela J Verkler	officer: VP, CFO and Treasurer	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
Ardith Heuton	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970
John D Martin	director	C/O IF BANCORP, INC., 201 EAST CHERRY STREET, WATSEKA IL 60970