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Peoples Financial Services (Peoples Financial Services) Retained Earnings : $249.12 Mil (As of Mar. 2024)


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What is Peoples Financial Services Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Peoples Financial Services's retained earnings for the quarter that ended in Mar. 2024 was $249.12 Mil.

Peoples Financial Services's quarterly retained earnings increased from Sep. 2023 ($247.86 Mil) to Dec. 2023 ($248.55 Mil) and increased from Dec. 2023 ($248.55 Mil) to Mar. 2024 ($249.12 Mil).

Peoples Financial Services's annual retained earnings increased from Dec. 2021 ($203.75 Mil) to Dec. 2022 ($230.52 Mil) and increased from Dec. 2022 ($230.52 Mil) to Dec. 2023 ($248.55 Mil).


Peoples Financial Services Retained Earnings Historical Data

The historical data trend for Peoples Financial Services'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.

Peoples Financial Services Retained Earnings Chart

Peoples Financial Services 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 152.19 171.02 203.75 230.52 248.55

Peoples Financial Services 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 237.52 244.02 247.86 248.55 249.12

Peoples Financial Services 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.


Peoples Financial Services  (NAS:PFIS) 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.


Peoples Financial Services (Peoples Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
150 North Washington Avenue, Scranton, PA, USA, 18503
Peoples Financial Services Corp is a bank holding company operating through its subsidiaries. The bank provides a full range of financial services. Its products and services include checking accounts, business accounts, savings accounts, loan products, money market accounts, mortgages, chip-enabled debit cards, credit card processing, and visa master card and advisory services. Its loan portfolio includes Commercial loans, which consist of commercial, commercial real estate, municipal, and other related tax-free loans; and retail loans, which include residential real estate and other consumer loans. The company mainly operates in the United States in Pennsylvania.
Executives
Elisa Z Ramirez director 1225 17TH STREET, SUITE 2600, DENVER CO 80202
Wright Joseph T Jr director P.O. BOX A, HALLSTEAD PA 18822
Aubrey William E Ii director PO BOX 158, LAPLUME PA 18440
Locken Richard S Jr director 50 MAIN STREET, HALLSTEAD PA 18822
Ronald G Kukuchka director PO BOX A, HALLSTEAD PA 18822
Jeffrey A Drobins officer: EVP, Chief Lending Officer C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Thomas P Tulaney officer: Chief Lending Officer 102 E. DRINKER STREET, DUNMORE PA 18512
Sandra Bodnyk director NATIONAL PENN BANCSHARES, INC, 645 HAMILTON STREET, ALLENTOWN PA 18101
Susan L Hubble officer: EVP, Chief Information Officer C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Debra E Dissinger officer: Executive Vice President C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Joseph Ferretti officer: Vice President C/O PEOPLES FINANCIAL SERVICES CORP, 50 MAIN STREET, HALLSTEAD PA 18822
Anderson John R Iii officer: SVP,Int Prin Accting Officer 150 N WASHINGTON AVE, PENN SECURITY BANK & TRUST CO, SCRANTON PA 18503
Stover George H Jr director 50 MAIN STREET, HALLSTEAD PA 18822
Craig W Best director, officer: President & CEO C/O PEOPLES SECURITY BANK & TRUST CO., 150 N WASHINGTON AVE, SCRANTON PA 18503
Cesare Joseph G Md director 120 OLD ORCHARD RD, CLARKS GREEN PA 18411