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Farmers Bank of Appomattox (Farmers Bank of Appomattox) Retained Earnings : $38.82 Mil (As of Mar. 2024)


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What is Farmers Bank of Appomattox Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Farmers Bank of Appomattox's retained earnings for the quarter that ended in Mar. 2024 was $38.82 Mil.

Farmers Bank of Appomattox's quarterly retained earnings increased from Sep. 2023 ($38.06 Mil) to Dec. 2023 ($38.80 Mil) and increased from Dec. 2023 ($38.80 Mil) to Mar. 2024 ($38.82 Mil).

Farmers Bank of Appomattox's annual retained earnings increased from Dec. 2021 ($35.30 Mil) to Dec. 2022 ($37.26 Mil) and increased from Dec. 2022 ($37.26 Mil) to Dec. 2023 ($38.80 Mil).


Farmers Bank of Appomattox Retained Earnings Historical Data

The historical data trend for Farmers Bank of Appomattox'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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Farmers Bank of Appomattox Retained Earnings Chart

Farmers Bank of Appomattox 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 31.43 33.11 35.30 37.26 38.80

Farmers Bank of Appomattox Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 37.26 37.04 38.06 38.80 38.82

Farmers Bank of Appomattox 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.


Farmers Bank of Appomattox  (OTCPK:FBPA) 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.


Farmers Bank of Appomattox (Farmers Bank of Appomattox) Business Description

Traded in Other Exchanges
N/A
Address
223 Main Street, Appomattox, VA, USA, 24522
Farmers Bank of Appomattox provides banking services. It is engaged in personal and business banking services including checking & savings, certificate of deposit, loans/mortgages, commercial checking, and commercial loans.

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