FCMB Group (NSA:FCMB) Retained Earnings : ₦173,151 Mil (As of Mar. 2024)

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What is FCMB Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FCMB Group's retained earnings for the quarter that ended in Mar. 2024 was ₦173,151 Mil.

FCMB Group's quarterly retained earnings increased from Sep. 2023 (₦110,125 Mil) to Dec. 2023 (₦144,381 Mil) and increased from Dec. 2023 (₦144,381 Mil) to Mar. 2024 (₦173,151 Mil).

FCMB Group's annual retained earnings increased from Dec. 2021 (₦62,872 Mil) to Dec. 2022 (₦74,561 Mil) and increased from Dec. 2022 (₦74,561 Mil) to Dec. 2023 (₦144,381 Mil).

FCMB Group Retained Earnings Historical Data

The historical data trend for FCMB Group'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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FCMB Group Retained Earnings Chart

FCMB Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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34,187.86

47,482.44

62,872.10

74,561.49

144,380.77

FCMB Group 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															83,781.22	104,538.53	110,124.90	144,380.77	173,151.04

FCMB Group 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.

FCMB Group (NSA:FCMB) 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.

FCMB Group (NSA:FCMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FCMB Group PLC (NSA:FCMB) » Definitions » Retained Earnings

Traded in Other Exchanges

N/A

Address

44 Marina, First City Plaza, Lagos, NGA

Website

https://www.fcmbgroup.com

FCMB Group PLC provides banking products and services in Nigeria. Its business is divided into eight segments including Investment Banking, SME (Small and Medium Enterprises) Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, Treasury and Financial Markets, and Asset Management. The bank generates the majority of its revenue from the personal banking segment that offers private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. It has geographic operations in Nigeria and Europe.

FCMB Group (NSA:FCMB) Headlines

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