Bancorp 34 (Bancorp 34) Retained Earnings : $22.76 Mil (As of Mar. 2024)

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What is Bancorp 34 Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bancorp 34's retained earnings for the quarter that ended in Mar. 2024 was $22.76 Mil.

Bancorp 34's quarterly retained earnings declined from Sep. 2023 ($25.98 Mil) to Dec. 2023 ($24.30 Mil) and declined from Dec. 2023 ($24.30 Mil) to Mar. 2024 ($22.76 Mil).

Bancorp 34's annual retained earnings increased from Dec. 2021 ($27.15 Mil) to Dec. 2022 ($29.01 Mil) but then declined from Dec. 2022 ($29.01 Mil) to Dec. 2023 ($24.30 Mil).

Bancorp 34 Retained Earnings Historical Data

The historical data trend for Bancorp 34'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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Bancorp 34 Retained Earnings Chart

Bancorp 34 Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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23.16

24.33

27.15

29.01

24.30

Bancorp 34 Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															29.01	-	25.98	24.30	22.76

Bancorp 34 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.

Bancorp 34 (OTCPK:BCTF) 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.

Bancorp 34 (Bancorp 34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bancorp 34 Inc (OTCPK:BCTF) » Definitions » Retained Earnings

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Address

500 East 10th Street, Suite 100, Alamogordo, NM, USA, 88310

Website

https://www.bank34.com

Bancorp 34 Inc provides a variety of banking services to individuals and businesses through its branches. Its products and services are demand deposits, certificates of deposits, savings and money market accounts, commercial loans, real estate mortgage loans and credit and merchant cards and e-banking. The bank operates banking centers in Alamogordo, Las Cruces, New Mexico, Scottsdale, Arizona, and Peoria.

Executives

James Crotty	officer: Co-President and CEO	500 EAST 10TH STREET, SUITE 100, ALAMOGORDO NM 88310
Elaine E. Ralls	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310
Van Winkle Don P.	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310
Wortham A. Cook	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310
James D. Harris	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310
Randal L. Rabon	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310
William P. Kauper	officer: President/Dir Corp Development	500 EAST 10TH STREET, ALAMOGORDO NM 88310
Jan R Thiry	officer: President and CEO	500 EAST 10TH STREET, ALAMOGORDO NM 88310
Jill Gutierrez	director, officer: CEO	500 EAST 10TH STREET, ALAMOGORDO NM 88310
William F. Burt	director	500 EAST 10TH STREET, ALAMOGORDO NM 88310