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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wintrust Financial's retained earnings for the quarter that ended in Dec. 2023 was $3,345 Mil.
Wintrust Financial's quarterly retained earnings increased from Jun. 2023 ($3,121 Mil) to Sep. 2023 ($3,253 Mil) and increased from Sep. 2023 ($3,253 Mil) to Dec. 2023 ($3,345 Mil).
Wintrust Financial's annual retained earnings increased from Dec. 2021 ($2,448 Mil) to Dec. 2022 ($2,849 Mil) and increased from Dec. 2022 ($2,849 Mil) to Dec. 2023 ($3,345 Mil).
The historical data trend for Wintrust Financial'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.
Wintrust Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,899.63 | 2,080.01 | 2,447.54 | 2,849.01 | 3,345.40 |
Wintrust Financial 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 | 2,997.26 | 3,120.63 | 3,253.33 | 3,345.40 | 3,498.48 |
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.
Wintrust Financial (NAS:WTFC) 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.
David Eric Lee | officer: EXECUTIVE VICE PRESIDENT | 9700 W HIGGINS ROAD 8TH FLOOR, ROSEMONT IL 60018 |
Karin Gustafson Teglia | director | WINTRUST FINANCIAL CORPORATION, 9700 W HIGGINS RD 8TH FLOOR, ROSEMONT IL 60018 |
Timothy Crane | officer: EXECUTIVE VICE PRESIDENT | 1228 OAK STREET, WINNETKA IL 60093 |
Jeffrey D Hahnfeld | officer: EVP-CONTROLLER & CHIEF ACC OFF | WINTRUST FINANCIAL CORP, 9700 W HIGGINS ROAD 8TH FLOOR, ROSEMONT IL 60018 |
Hackett H Patrick Jr | director | ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606 |
David L Stoehr | officer: Chief Financial Officer | |
Brian A Kenney | director | GATX CORP, 500 WEST MONROE STREET, CHICAGO IL 60661 |
Washington Alex E Iii | director | 9700 W, HIGGINS RD 8TH FLOOR, ROSEMONT IL 60018 |
Thomas P Zidar | officer: EXECUTIVE VICE PRESIDENT | 640 WAGNER ROAD, GLENVIEW IL 60025 |
Elizabeth H. Connelly | director | 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061 |
Richard B Murphy | officer: Executive Vice President | 406 HUDSON, CLARENDON HILLS IL 60514 |
Edward J Wehmer | director, officer: President | 454 BUENA ROAD, LAKE FOREST IL 60045 |
Suzet M Mckinney | director | 9700 W. HIGGINS ROAD, 8TH FLOOR, ROSEMONT IL 60018 |
Kathleen M Boege | officer: EVP, GENERAL COUNSEL AND SEC | 2 NORTH RIVERSIDE PLAZA, SUITE 1300, CHICAGO IL 60606 |
David A Dykstra | officer: Senior Vice President & COO |
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