How profitable a bank is affects its long-term survivability. A bank can retain its earnings, expanding its capital cushion, or put them to work addressing problematic loans, likely making the bank better able to withstand financial shocks. Obviously, banks that are losing money are less able to do those things.
EverBank scored 16 out of a possible 30 on Bankrate's test of earnings, failing to reach the national average of 16.52.
One key way to measure a bank's earnings is return on equity, calculated by dividing net income (profit, basically) by total equity. The most recent annualized quarterly return on equity for EverBank was 7.44 percent, below the national average of 9.28 percent.
For the twelve months ended March 31, 2017, the bank earned net income of $42.4 million on total equity of $2.30 billion. The bank experienced an annualized return on average assets, or ROA, of 0.61 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.14 percent.