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Finserv Acquisition II (Finserv Acquisition II) Retained Earnings : $-13.62 Mil (As of Sep. 2023)


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What is Finserv Acquisition II Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Finserv Acquisition II's retained earnings for the quarter that ended in Sep. 2023 was $-13.62 Mil.

Finserv Acquisition II's quarterly retained earnings declined from Mar. 2023 ($-10.59 Mil) to Jun. 2023 ($-13.01 Mil) and declined from Jun. 2023 ($-13.01 Mil) to Sep. 2023 ($-13.62 Mil).

Finserv Acquisition II's annual retained earnings declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-14.17 Mil) but then increased from Dec. 2021 ($-14.17 Mil) to Dec. 2022 ($-10.10 Mil).


Finserv Acquisition II Retained Earnings Historical Data

The historical data trend for Finserv Acquisition II'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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Finserv Acquisition II Retained Earnings Chart

Finserv Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
- -14.17 -10.10

Finserv Acquisition II Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.96 -10.10 -10.59 -13.01 -13.62

Finserv Acquisition II 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.


Finserv Acquisition II  (NAS:FSRXU) 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.


Finserv Acquisition II (Finserv Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY, USA, 10105
Finserv Acquisition Corp II is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
Executives
Lee Einbinder director, 10 percent owner, officer: Chief Executive Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Matza director
Keating Valerie Soranno director C/O CPI CARD GROUP INC., 10026 WEST SAN JUAN WAY, LITTLETON CO 80127
Howard Kurz director, officer: President 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
David A Smilow director
Finserv Holdings Ii Llc director, 10 percent owner, officer: Chief Executive Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Steven Handwerker officer: Chief Financial Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Brian Vaughan director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

Finserv Acquisition II (Finserv Acquisition II) Headlines

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Finserv Acquisition Corp Ii (FSRXU) CEO Lee Einbinder Bought $8 million of Shares

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