Towne Bank (Towne Bank) Retained Earnings : $921.1 Mil (As of Dec. 2023)

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What is Towne Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Towne Bank's retained earnings for the quarter that ended in Dec. 2023 was $921.1 Mil.

Towne Bank's quarterly retained earnings increased from Jun. 2023 ($884.9 Mil) to Sep. 2023 ($911.0 Mil) and increased from Sep. 2023 ($911.0 Mil) to Dec. 2023 ($921.1 Mil).

Towne Bank's annual retained earnings increased from Dec. 2021 ($716.6 Mil) to Dec. 2022 ($840.8 Mil) and increased from Dec. 2022 ($840.8 Mil) to Dec. 2023 ($921.1 Mil).

Towne Bank Retained Earnings Historical Data

The historical data trend for Towne 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.

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Towne Bank Retained Earnings Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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467.19

557.89

716.61

840.78

921.13

Towne Bank 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															840.78	861.91	884.90	911.04	921.13

Towne 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.

Towne Bank (NAS:TOWN) 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.

Towne Bank (Towne Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Retained Earnings

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Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.