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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Horizon's retained earnings for the quarter that ended in Dec. 2023 was $3,964 Mil.
First Horizon's quarterly retained earnings increased from Jun. 2023 ($3,830 Mil) to Sep. 2023 ($3,874 Mil) and increased from Sep. 2023 ($3,874 Mil) to Dec. 2023 ($3,964 Mil).
First Horizon's annual retained earnings increased from Dec. 2021 ($2,891 Mil) to Dec. 2022 ($3,430 Mil) and increased from Dec. 2022 ($3,430 Mil) to Dec. 2023 ($3,964 Mil).
The historical data trend for First Horizon'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.
First Horizon Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,798.00 | 2,261.00 | 2,891.00 | 3,430.00 | 3,964.00 |
First Horizon 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 | 3,595.00 | 3,830.00 | 3,874.00 | 3,964.00 | 4,072.00 |
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.
First Horizon (NYSE:FHN) 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.
Velia Carboni | director | 165 MADISON AVE, MEMPHIS TN 38103 |
William H Fenstermaker | director | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
Vicki R Palmer | director | PO BOX 723040, ATLANTA GA 30339 |
Rosa Sugranes | director | 2975 N.W. 77TH AVE, DORAL FL 33132 |
Reed Colin V | director | |
Wendy P Davidson | director | 2210 WEST OAKLAWN DRIVE, SPRINGDALE AR 72762 |
D Bryan Jordan | officer: EVP and CFO | |
Terry Lawson Akins | officer: Sr. EVP, Chief Risk Officer | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
David T Popwell | officer: EVP-Regional Bkg & Bkg COO | 165 MADISON AVENUE, MEMPHIS TN 38103 |
Tammy Locascio | officer: Sr. EVP, Chief HR Officer | 165 MADISON AVE, MEMPHIS TN 38103 |
Daryl G Byrd | director, officer: Executive Chairman of Board | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
Anthony J Restel | officer: SEVP Chief Operating Officer | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
Hope Dmuchowski | officer: Sr. EVP & CFO | 165 MADISON AVE, MEMPHIS TN 38103 |
Losch William C Iii | officer: EVP and CFO | 165 MADISON AVENUE, MEMPHIS TN 38103 |
Elizabeth A Ardoin | officer: SEVP, Chief Communications Ofc | 200 WEST CONGRESS STREET, LAFAYETTE LA 70501 |
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