A bank's profitability affects its long-term survivability. Earnings may be retained by the bank, giving a boost to its capital cushion, or be used to address problematic loans, likely making the bank better able to withstand economic shocks. Losses, on the other hand, take away from a bank's ability to do those things.
Beal Bank, SSB scored 30 out of a possible 30 on Bankrate's test of earnings, above the national average of 16.52.
Return on equity, calculated by dividing net income (profit, essentially) by the total amount of equity, is one important way to measure a bank's earnings. Beal Bank, SSB's most recent annualized quarterly return on equity was 16.40 percent, above the national average of 9.28 percent.
For the twelve months ended June 30, 2017, the bank recorded net income of $61.4 million on total equity of $573.4 million. The bank had an annualized return on average assets, or ROA, of 5.47 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.