ESSA Bancorp (ESSA Bancorp) Retained Earnings : $155.25 Mil (As of Dec. 2023)

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What is ESSA Bancorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ESSA Bancorp's retained earnings for the quarter that ended in Dec. 2023 was $155.25 Mil.

ESSA Bancorp's quarterly retained earnings increased from Jun. 2023 ($148.69 Mil) to Sep. 2023 ($151.86 Mil) and increased from Sep. 2023 ($151.86 Mil) to Dec. 2023 ($155.25 Mil).

ESSA Bancorp's annual retained earnings increased from Sep. 2021 ($124.34 Mil) to Sep. 2022 ($139.14 Mil) and increased from Sep. 2022 ($139.14 Mil) to Sep. 2023 ($151.86 Mil).

ESSA Bancorp Retained Earnings Historical Data

The historical data trend for ESSA 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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ESSA Bancorp Retained Earnings Chart

ESSA Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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102.47

112.61

124.34

139.14

151.86

ESSA 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															142.54	145.76	148.69	151.86	155.25

ESSA 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.

ESSA Bancorp (NAS:ESSA) 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.

ESSA Bancorp (ESSA Bancorp) Business Description

Industry

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

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Address

200 Palmer Street, Stroudsburg, PA, USA, 18360

Website

https://www.essabank.com

ESSA Bancorp Inc is a holding company, engaged in accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans (including construction mortgage loans), commercial real estate loans, home equity loans and lines of credit and commercial and industrial loans. The company offers a variety of deposit accounts, including checking, savings and certificates of deposit. The company also offers asset management and trust services and investment services. The company also offers insurance benefit consulting services through its wholly-owned subsidiary, ESSA Advisory Services, LLC.

Executives

Carolyn Stennett	director	200 PALMER STREET, STROUDSBURG PA 18360
Tina Q Richardson	director	200 PALMER STREET, STROUDSBURG PA 18360
Peter A Gray	officer: Dir. of Strategic Initiatives	200 PALMER STREET, STROUDSBURG PA 18360
Selig Robert C Jr	director	200 PALMER STREET, STROUDSBURG PA 18360
Thomas J Grayuski	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Gary S Olson	director, officer: President and CEO	200 PALMER STREET, STROUDSBURG PA 18360
Charles Hangen	officer: SVP and CLO	200 PALMER STREET, STROUDSBURG PA 18360
Christine Davis Gordon	director	200 PALMER STREET, STROUDSBURG PA 18360
Elizabeth B Weekes	director	200 PALMER STREET, STROUDSBURG PA 18360
Robert L Selitto	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Daniel J Henning	director	200 PALMER STREET, STROUDSBURG PA 18360
Diane K Reimer	officer: Vice President	200 PALMER STREET, STROUDSBURG PA 18360
Allan A Muto	officer: Executive Vice President & CFO	200 PALMER STREET, STROUDSBURG PA 18360
Joseph S Durkin	director	200 PALMER STREET, STROUDSBURG PA 18360
William A Viechnicki	director	200 PALMER STREET, STROUDSBURG PA 18360