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COSO (CoastalSouth Bancshares) Retained Earnings : $36.29 Mil (As of Sep. 2024)


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What is CoastalSouth Bancshares Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. CoastalSouth Bancshares's retained earnings for the quarter that ended in Sep. 2024 was $36.29 Mil.

CoastalSouth Bancshares's quarterly retained earnings increased from Mar. 2024 ($22.52 Mil) to Jun. 2024 ($28.41 Mil) and increased from Jun. 2024 ($28.41 Mil) to Sep. 2024 ($36.29 Mil).

CoastalSouth Bancshares's annual retained earnings increased from Dec. 2021 ($-18.28 Mil) to Dec. 2022 ($-0.09 Mil) and increased from Dec. 2022 ($-0.09 Mil) to Dec. 2023 ($20.09 Mil).


CoastalSouth Bancshares Retained Earnings Historical Data

The historical data trend for CoastalSouth Bancshares'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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CoastalSouth Bancshares Retained Earnings Chart

CoastalSouth Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -36.97 -30.60 -18.28 -0.09 20.09

CoastalSouth Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 20.09 22.52 28.41 36.29

CoastalSouth Bancshares 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.


CoastalSouth Bancshares  (OTCPK:COSO) 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.


CoastalSouth Bancshares Business Description

Traded in Other Exchanges
N/A
Address
5 Bow Circle, Hilton Head Island, SC, USA, 29928
CoastalSouth Bancshares Inc is a bank holding company. It offers full-service banking services designed to meet the needs of retail and commercial customers in the markets in which it operates. The services offered include transaction and savings deposit accounts, commercial and consumer lending, mortgage banking, and other activities related to commercial banking. It operates nearly 11 retail banking branches in three retail main retail markets, the Lowcountry of South Carolina, Savannah, Georgia, and metro Atlanta, Georgia.