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Grupo Financiero BanorteB de CV (STU:4FN) Retained Earnings : €7,751 Mil (As of Sep. 2024)


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What is Grupo Financiero BanorteB de CV Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grupo Financiero BanorteB de CV's retained earnings for the quarter that ended in Sep. 2024 was €7,751 Mil.

Grupo Financiero BanorteB de CV's quarterly retained earnings declined from Mar. 2024 (€9,379 Mil) to Jun. 2024 (€7,920 Mil) and declined from Jun. 2024 (€7,920 Mil) to Sep. 2024 (€7,751 Mil).

Grupo Financiero BanorteB de CV's annual retained earnings declined from Dec. 2021 (€7,124 Mil) to Dec. 2022 (€7,031 Mil) but then increased from Dec. 2022 (€7,031 Mil) to Dec. 2023 (€8,424 Mil).


Grupo Financiero BanorteB de CV Retained Earnings Historical Data

The historical data trend for Grupo Financiero BanorteB de CV'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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Grupo Financiero BanorteB de CV Retained Earnings Chart

Grupo Financiero BanorteB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,041.93 6,168.76 7,123.66 7,031.48 8,423.70

Grupo Financiero BanorteB de CV 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 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 Premium Member Only Premium Member Only Premium Member Only 8,546.01 8,423.70 9,378.84 7,920.44 7,750.97

Grupo Financiero BanorteB de CV 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.


Grupo Financiero BanorteB de CV  (STU:4FN) 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.


Grupo Financiero BanorteB de CV Business Description

Address
14th Floor, Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349
Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide variety of products and services including banking services, brokerage, wholesale banking, leasing, factoring, insurance, pensions, and retirement savings. It operates locally in Mexico.

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