First Sound Bank WA (First Sound Bank WA) Retained Earnings : $-45.15 Mil (As of Sep. 2023)

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What is First Sound Bank WA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Sound Bank WA's retained earnings for the quarter that ended in Sep. 2023 was $-45.15 Mil.

First Sound Bank WA's quarterly retained earnings declined from Sep. 2022 ($0.00 Mil) to Jun. 2023 ($-45.15 Mil) but then stayed the same from Jun. 2023 ($-45.15 Mil) to Sep. 2023 ($-45.15 Mil).

First Sound Bank WA's annual retained earnings declined from Dec. 2004 ($-1.37 Mil) to Dec. 2005 ($-2.76 Mil) but then increased from Dec. 2005 ($-2.76 Mil) to Dec. 2006 ($-2.29 Mil).

First Sound Bank WA Retained Earnings Historical Data

The historical data trend for First Sound Bank WA'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 Sound Bank WA Retained Earnings Chart

First Sound Bank WA Annual Data

Trend

Dec04

Dec05

Dec06

Retained Earnings

-1.37

-2.76

-2.29

First Sound Bank WA Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Jun22	Sep22	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial												-1.32	-	-	-45.15	-45.15

First Sound Bank WA 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 Sound Bank WA (OTCPK:FSWA) 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 Sound Bank WA (First Sound Bank WA) Business Description

Industry

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Address

925 Fourth Avenue, Suite 2350, Seattle, WA, USA, 98104

Website

https://www.firstsoundbank.com

First Sound Bank WA is a commercial bank. It provides loan and deposit services to customers who are predominately small and midsized businesses, not-for-profit organizations, entrepreneurs, and professional service firms. The Bank provides small commercial equipment financing agreements (EFA) to businesses that are located throughout the United States. Additionally, the group also provides business banking, equipment financing, personal banking, and online banking services.