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Community Financial System (FRA:CBY) Retained Earnings : €1,109.5 Mil (As of Mar. 2024)


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What is Community Financial System Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Community Financial System's retained earnings for the quarter that ended in Mar. 2024 was €1,109.5 Mil.

Community Financial System's quarterly retained earnings declined from Sep. 2023 (€1,104.9 Mil) to Dec. 2023 (€1,090.2 Mil) but then increased from Dec. 2023 (€1,090.2 Mil) to Mar. 2024 (€1,109.5 Mil).

Community Financial System's annual retained earnings increased from Dec. 2021 (€936.6 Mil) to Dec. 2022 (€1,087.9 Mil) and increased from Dec. 2022 (€1,087.9 Mil) to Dec. 2023 (€1,090.2 Mil).


Community Financial System Retained Earnings Historical Data

The historical data trend for Community Financial System'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.

* Premium members only.

Community Financial System Retained Earnings Chart

Community Financial System 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 794.57 789.27 936.58 1,087.92 1,090.19

Community Financial System 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 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 1,059.65 1,069.87 1,104.91 1,090.19 1,109.51

Community Financial System 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.


Community Financial System  (FRA:CBY) 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.


Community Financial System (FRA:CBY) Business Description

Traded in Other Exchanges
Address
5790 Widewaters Parkway, DeWitt, NY, USA, 13214-1883
Community Bank System Inc is a financial holding company. The company primarily operates through two wholly-owned subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services. Community Bank's business is operating a community bank providing a broad array of banking and financial services. These are offered chiefly to retail, commercial, and municipal customers in non-metropolitan markets, including small towns in upstate New York and Northeastern Pennsylvania. The company has historically relied on acquisitions to fuel growth, in addition to growing organically. A majority of its loan portfolio is tilted toward the consumer market on an installment, line of credit, or residential mortgage loan basis. The majority of the company's net revenue is net interest income.

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