Riyad Bank (SAU:1010) Retained Earnings : ﷼10,998 Mil (As of Mar. 2024)

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What is Riyad Bank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Riyad Bank's retained earnings for the quarter that ended in Mar. 2024 was ﷼10,998 Mil.

Riyad Bank's quarterly retained earnings declined from Sep. 2023 (﷼11,384 Mil) to Dec. 2023 (﷼11,277 Mil) and declined from Dec. 2023 (﷼11,277 Mil) to Mar. 2024 (﷼10,998 Mil).

Riyad Bank's annual retained earnings increased from Dec. 2021 (﷼4,855 Mil) to Dec. 2022 (﷼7,500 Mil) and increased from Dec. 2022 (﷼7,500 Mil) to Dec. 2023 (﷼11,277 Mil).

Riyad Bank Retained Earnings Historical Data

The historical data trend for Riyad 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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Riyad Bank Retained Earnings Chart

Riyad Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,392.22

4,928.57

4,855.11

7,500.43

11,277.17

Riyad Bank 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															9,413.70	11,346.90	11,383.56	11,277.17	10,998.13

Riyad 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.

Riyad Bank (SAU:1010) 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.

Riyad Bank (SAU:1010) Business Description

Industry

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Address

Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416

Website

https://www.riyadbank.com

Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.

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