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LSFG (Lifestore Financial Group) Retained Earnings : $49.87 Mil (As of Jun. 2024)


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What is Lifestore Financial Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lifestore Financial Group's retained earnings for the quarter that ended in Jun. 2024 was $49.87 Mil.

Lifestore Financial Group's quarterly retained earnings increased from Jun. 2022 ($40.27 Mil) to Jun. 2023 ($45.63 Mil) and increased from Jun. 2023 ($45.63 Mil) to Jun. 2024 ($49.87 Mil).

Lifestore Financial Group's annual retained earnings increased from Jun. 2022 ($40.27 Mil) to Jun. 2023 ($45.63 Mil) and increased from Jun. 2023 ($45.63 Mil) to Jun. 2024 ($49.87 Mil).


Lifestore Financial Group Retained Earnings Historical Data

The historical data trend for Lifestore Financial Group'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.

* Premium members only.

Lifestore Financial Group Retained Earnings Chart

Lifestore Financial Group Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.40 35.80 40.27 45.63 49.87

Lifestore Financial Group Semi-Annual Data
Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
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 29.40 35.80 40.27 45.63 49.87

Lifestore Financial Group 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.


Lifestore Financial Group  (OTCPK:LSFG) 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.


Lifestore Financial Group Business Description

Traded in Other Exchanges
N/A
Address
21 East Ashe Street, P.O. Box 26, West Jefferson, NC, USA, 28694
Lifestore Financial Group Inc through its subsidiaries, is engaged in providing banking and insurance services. The company offers full-service banking services designed to meet the needs of retail and commercial customers. It also acts as an independent insurance agency offering traditional property and casualty, life, and health insurance products. It operates in two business segments; Banking and Insurance.

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