Unity Bank (NSA:UBP) Retained Earnings : ₦-380,834 Mil (As of Dec. 2022)

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What is Unity Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Unity Bank's retained earnings for the quarter that ended in Dec. 2022 was ₦-380,834 Mil.

Unity Bank's quarterly retained earnings increased from Dec. 2020 (₦-372,722 Mil) to Dec. 2021 (₦-371,735 Mil) but then declined from Dec. 2021 (₦-371,735 Mil) to Dec. 2022 (₦-380,834 Mil).

Unity Bank's annual retained earnings increased from Dec. 2020 (₦-372,722 Mil) to Dec. 2021 (₦-371,735 Mil) but then declined from Dec. 2021 (₦-371,735 Mil) to Dec. 2022 (₦-380,834 Mil).

Unity Bank Retained Earnings Historical Data

The historical data trend for Unity Bank'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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Unity Bank Retained Earnings Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-377,319.66

-374,443.95

-372,722.38

-371,734.70

-380,834.04

Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Retained Earnings	Get a 7-Day Free Trial			-377,319.66	-374,443.95	-372,722.38	-371,734.70	-380,834.04

Unity Bank 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.

Unity Bank (NSA:UBP) 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.

Unity Bank (NSA:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bank PLC (NSA:UBP) » Definitions » Retained Earnings

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Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.