Nova Banka AD (XBLB:NOVB-R-E) Retained Earnings : BAM156.8 Mil (As of Jun. 2024)

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What is Nova Banka AD Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nova Banka AD's retained earnings for the quarter that ended in Jun. 2024 was BAM156.8 Mil.

Nova Banka AD's quarterly retained earnings increased from Jun. 2023 (BAM83.4 Mil) to Dec. 2023 (BAM279.6 Mil) but then declined from Dec. 2023 (BAM279.6 Mil) to Jun. 2024 (BAM156.8 Mil).

Nova Banka AD's annual retained earnings increased from Dec. 2021 (BAM30.6 Mil) to Dec. 2022 (BAM204.5 Mil) and increased from Dec. 2022 (BAM204.5 Mil) to Dec. 2023 (BAM279.6 Mil).

Nova Banka AD Retained Earnings Historical Data

The historical data trend for Nova Banka AD'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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Nova Banka AD Retained Earnings Chart

Nova Banka AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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15.32

12.67

30.59

204.53

279.56

Nova Banka AD Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															38.77	204.53	83.45	279.56	156.84

Nova Banka AD 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.

Nova Banka AD (XBLB:NOVB-R-E) 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.

Nova Banka AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nova Banka AD (XBLB:NOVB-R-E) » Definitions » Retained Earnings

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Address

37A Kralja Alfonsa XIII Street, Banja Luka, BIH, 78 000

Website

https://www.novabanka.com

Nova Banka AD is engaged in providing banking services. The services include loans, documentary work, deposits and savings, payment transactions and money transfers, and currency exchange transactions. The bank also provides non-banking activities such as broker operations, custody operations, factoring, and forfeiting. Its operating segments include Corporate, Retail, Financial market, and others.

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