VersaBank (VersaBank) Retained Earnings : $15.54 Mil (As of Jan. 2017)

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What is VersaBank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. VersaBank's retained earnings for the quarter that ended in Jan. 2017 was $15.54 Mil.

VersaBank's quarterly retained earnings increased from Jul. 2016 ($-24.46 Mil) to Oct. 2016 ($6.92 Mil) and increased from Oct. 2016 ($6.92 Mil) to Jan. 2017 ($15.54 Mil).

VersaBank's annual retained earnings increased from Oct. 2014 ($-20.04 Mil) to Oct. 2015 ($2.22 Mil) and increased from Oct. 2015 ($2.22 Mil) to Oct. 2016 ($6.92 Mil).

VersaBank Retained Earnings Historical Data

The historical data trend for VersaBank'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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VersaBank Retained Earnings Chart

VersaBank Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Retained Earnings

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-4.12

-12.96

-20.04

2.22

6.92

VersaBank Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Retained Earnings	Get a 7-Day Free Trial															-20.21	-23.86	-24.46	6.92	15.54

VersaBank 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.

VersaBank (OTCPK:VRRKF) 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.

VersaBank (VersaBank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (OTCPK:VRRKF) » Definitions » Retained Earnings

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Address

Website

http://www.versabank.com

Pacific & Western Credit Corp is a holding company. The Company's wholly-owned and main subsidiary is Pacific & Western Bank of Canada, which provides financial solutions to clients in selected niche markets. The Bank receives deposits through a diversified network of deposit brokers and is a member institution of the Canada Deposit Insurance Corporation ('CDIC'). The Bank invests these funds in loans, leases, commercial mortgages, residential development mortgages, equity and debt of corporations, and government guaranteed securities, all of which are selected to provide lower returns on equity but with limited risk of default. The Bank has two main business activities, namely deposit services and lending services. Deposit services are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through a diversified network of deposit brokers across Canada. The Bank's business is comprised of three core lending segments, being real estate lending, public sector lending and commercial lending. The Bank's real estate lending portfolio is organized into four categories, being land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages. The Bank provides land and construction loans, residential term mortgages, commercial term mortgages, and insured mortgages.