Fidelity Bank (NSA:FBP) Retained Earnings : ₦96,960 Mil (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Fidelity Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fidelity Bank's retained earnings for the quarter that ended in Mar. 2024 was ₦96,960 Mil.

Fidelity Bank's quarterly retained earnings declined from Sep. 2023 (₦115,836 Mil) to Dec. 2023 (₦65,508 Mil) but then increased from Dec. 2023 (₦65,508 Mil) to Mar. 2024 (₦96,960 Mil).

Fidelity Bank's annual retained earnings declined from Dec. 2021 (₦55,241 Mil) to Dec. 2022 (₦44,883 Mil) but then increased from Dec. 2022 (₦44,883 Mil) to Dec. 2023 (₦65,508 Mil).

Fidelity Bank Retained Earnings Historical Data

The historical data trend for Fidelity Bank'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.

Fidelity Bank Retained Earnings Chart

Fidelity Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

43,642.00

66,700.00

55,241.00

44,883.00

65,508.00

Fidelity Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															60,492.00	54,444.00	115,836.00	65,508.00	96,960.00

Fidelity Bank 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.

Fidelity Bank (NSA:FBP) 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.

Fidelity Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fidelity Bank PLC (NSA:FBP) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

2 Kofo Abayomi Street, Fidelity Place, Victoria Island, Lagos, NGA

Website

https://www.fidelitybank.ng

Fidelity Bank PLC is a Nigerian based bank that offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking. Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries. Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions.