What is The First Marblehead Retained Earnings?
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The First Marblehead's retained earnings for the quarter that ended in Mar. 2016 was $-192.45 Mil.
The First Marblehead's quarterly retained earnings
declined
from Sep. 2015 ($-182.28 Mil) to Dec. 2015 ($-187.14 Mil) and
declined
from Dec. 2015 ($-187.14 Mil) to Mar. 2016 ($-192.45 Mil).
The First Marblehead's annual retained earnings
declined
from Jun. 2013 ($-90.82 Mil) to Jun. 2014 ($-128.39 Mil) and
declined
from Jun. 2014 ($-128.39 Mil) to Jun. 2015 ($-176.17 Mil).
The First Marblehead 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.
The First Marblehead (NYSE:FMD) 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.
The First Marblehead (The First Marblehead) Business Description
Traded in Other Exchanges
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The First Marblehead Corp was formed as a limited partnership in 1991 and was incorporated in Delaware in August 1994. It is a specialty finance company focused on the education financing marketplace in the United States. It provides loan programs on behalf of its lender clients for K-12, undergraduate and graduate students and for college graduates seeking to refinance private education loan obligations, as well as tuition planning, tuition billing, refund management and payment technology services. It provides a fully integrated suite of services through its Monogram loan product service platform, which it refer to as its Monogram platform, as well as certain services on a stand-alone, fee-for-service basis. These loan programs are designed to be marketed to prospective student borrowers and their families directly or through educational institutions and to generate portfolios which might be held by the originating lender or financed in the capital markets. It offers a fully integrated suite of services, including its new Monogram loan product, as well as certain services on a standalone, fee-for-service basis. In addition, it provides administrative and other services to securitization trusts that it has facilitated and asset servicing to the third-party owner of certain securitization trusts. The Company's bank subsidiary, Union Federal Savings Bank is a federally chartered thrift that offers residential and commercial mortgage loans, and certain other banking products. Through its Monogram product offering, it enables lenders to offer borrowers private education loans with competitive terms and clear pricing alternatives, but which are also structured to align product options made available to qualified applicants with their credit risk. The Monogram product integrates all of its service offerings, including program design, marketing support, loan origination and portfolio management. The product enables its lender clients to customize their loan programs to meet their risk control and return objectives without a third-party guaranty. Specifically, the client could customize the range of loan terms offered to their qualified applicants, such as repayment options, loan limits and borrower pricing. The Monogram product is based on its proprietary origination risk score model, which was independently reviewed by a credit bureau. It helps clients design their private education loan programs. The Company's design approach begins with a standard set of pricing options, legal agreements and third-party relationships that it could then customize for its clients in order to satisfy their particular needs. The Company's systems have been designed to provide applicants with consumer protection disclosures required by law and regulation, as well as information helpful for making informed decisions about private education loans. It operates in a competitive environment.FIRSTMARBLEHEAD, the checkered logo, MONOGRAM, MONTICELLO STUDENT LOA
Executives
| William Dean Hansen |
director |
|
| John Carter Risley |
10 percent owner |
757 BEDFORD HIGHWAY, BEDFORD A5 B4A3Z7 |
| Peter S Drotch |
director |
|
| Second Curve Capital Llc |
10 percent owner |
150 N RADNOR CHESTER ROAD, SUITE F120, RADNOR PA 19087 |
| Thomas K Brown |
10 percent owner |
C/O SECOND CURVE CAPITAL, LLC, 237 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017 |
| Cameron Dort A Iii |
director |
|
| George G Daly |
director |
C/O STERN SCHOOL OF BUSINESS NYU, 44 WEST 4TH ST SUITE 8-69, NEW YORK NY 10012 |
| William R Berkley |
director |
165 MASON STREET, GREENWICH CT 06830 |
| Michael Joseph Plunkett |
officer: Managing Director |
C/O ALPHATEC HOLDINGS, INC., 5818 EL CAMINO REAL, CARLSBAD CA 92008 |
| Ryan Randall Brenneman |
officer: Managing Director |
C/O EYEGATE PHARMACEUTICALS, INC., 271 WAVERLEY OAKS ROAD, SUITE 108, WALTHAM MA 02452 |
| Henry Cornell |
director |
1099 18TH STREET, SUITE 2300, DENVER CO 80202 |
| Jack L Kopnisky |
director, officer: CEO, President and COO |
C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901 |
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