FBPRM.PFD (First BanCorp) Retained Earnings : $1,789.84 Mil (As of Sep. 2024)

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What is First BanCorp Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First BanCorp's retained earnings for the quarter that ended in Sep. 2024 was $1,789.84 Mil.

First BanCorp's quarterly retained earnings increased from Mar. 2024 ($1,892.71 Mil) to Jun. 2024 ($1,941.98 Mil) but then declined from Jun. 2024 ($1,941.98 Mil) to Sep. 2024 ($1,789.84 Mil).

First BanCorp's annual retained earnings increased from Dec. 2021 ($1,427.30 Mil) to Dec. 2022 ($1,475.73 Mil) and increased from Dec. 2022 ($1,475.73 Mil) to Dec. 2023 ($1,646.54 Mil).

First BanCorp Retained Earnings Historical Data

The historical data trend for First 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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First BanCorp Retained Earnings Chart

First BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,221.82

1,215.32

1,427.30

1,475.73

1,646.54

First BanCorp 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															1,790.65	1,646.54	1,892.71	1,941.98	1,789.84

First 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.

First BanCorp (OTCPK:FBPRM.PFD) 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.

First BanCorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (OTCPK:FBPRM.PFD) » Definitions » Retained Earnings

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FBP:USA OLWN:Germany

Address

1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908

Website

https://www.1firstbank.com

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment generates majority revenue, which consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.