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Hana Financial Group (XKRX:086790) Retained Earnings : ₩25,660,024 Mil (As of Mar. 2024)


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What is Hana Financial Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hana Financial Group's retained earnings for the quarter that ended in Mar. 2024 was ₩25,660,024 Mil.

Hana Financial Group's quarterly retained earnings increased from Sep. 2023 (₩24,959,146 Mil) to Dec. 2023 (₩25,126,145 Mil) and increased from Dec. 2023 (₩25,126,145 Mil) to Mar. 2024 (₩25,660,024 Mil).

Hana Financial Group's annual retained earnings increased from Dec. 2021 (₩20,824,212 Mil) to Dec. 2022 (₩23,186,528 Mil) and increased from Dec. 2022 (₩23,186,528 Mil) to Dec. 2023 (₩25,126,145 Mil).


Hana Financial Group Retained Earnings Historical Data

The historical data trend for Hana Financial 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.

* Premium members only.

Hana Financial Group Retained Earnings Chart

Hana Financial Group 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 15,965,055.00 17,941,584.00 20,824,212.00 23,186,528.00 25,126,145.00

Hana Financial 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 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 23,529,132.00 24,240,874.00 24,959,146.00 25,126,145.00 25,660,024.00

Hana Financial 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.


Hana Financial Group  (XKRX:086790) 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.


Hana Financial Group (XKRX:086790) Business Description

Traded in Other Exchanges
N/A
Address
55 Eulji-ro Jung-gu, Seoul, KOR, 100-782
Hana Financial is one of Korea's four largest commercial banking groups. In commercial banking, it is a similar size to its three peers with an 11% share of loans as of 2022, but its total assets are about 20% to 25% smaller than Shinhan's and KB's owing to a smaller scale in nonbank financial businesses. This reflects Shinhan's and KB's expansion of these areas in recent years while Hana was busy integrating Korea Exchange Bank into KEB Hana Bank and replenishing its capital levels after the 2012 acquisition. The integration progressed smoothly, in our view, with Korea Exchange Bank's strength in large corporate business proving to be a good fit for the former Hana Bank's strength in retail.

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