GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Saudi National Bank (SAU:1180) » Definitions » Retained Earnings

Saudi National Bank (SAU:1180) Retained Earnings : ﷼14,363 Mil (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Saudi National Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Saudi National Bank's retained earnings for the quarter that ended in Mar. 2024 was ﷼14,363 Mil.

Saudi National Bank's quarterly retained earnings declined from Sep. 2023 (﷼9,573 Mil) to Dec. 2023 (﷼9,157 Mil) but then increased from Dec. 2023 (﷼9,157 Mil) to Mar. 2024 (﷼14,363 Mil).

Saudi National Bank's annual retained earnings increased from Dec. 2021 (﷼13,212 Mil) to Dec. 2022 (﷼21,966 Mil) but then declined from Dec. 2022 (﷼21,966 Mil) to Dec. 2023 (﷼9,157 Mil).


Saudi National Bank Retained Earnings Historical Data

The historical data trend for Saudi National Bank'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.

Saudi National Bank Retained Earnings Chart

Saudi National Bank 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 6,176.48 14,401.45 13,211.79 21,965.71 9,157.17

Saudi National Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 24,074.68 9,387.26 9,573.21 9,157.17 14,362.95

Saudi National Bank 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.


Saudi National Bank  (SAU:1180) 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.


Saudi National Bank (SAU:1180) Business Description

Traded in Other Exchanges
N/A
Address
King Fahd Road, The Saudi National Bank Tower, King Abdullah Financial District, 3208 - Al Aqeeq District Unit No. 778, Riyadh, SAU, 13519 - 6676
Saudi National Bank is the largest financial institution in Saudi Arabia. It is engaged in the treasury and capital markets, asset management, brokerage, and investment banks. It has a presence in the Middle East, South Asia, and Turkey. Its operating segments include Retail Banking; Wholesale Banking; Capital Market; and International Banking. The majority of its revenue gets derived from the Retail segment.

Saudi National Bank (SAU:1180) Headlines

No Headlines