A bank's earnings performance affects its safety and soundness. Earnings may be retained by the bank, giving a boost to its capital buffer, or be used to deal with problematic loans, likely making the bank more resilient in tough times. Conversely, losses diminish a bank's ability to do those things.
CIT Bank, National Association scored 18 out of a possible 30 on Bankrate's test of earnings, better than the national average of 16.52.
Return on equity, calculated by dividing net income (profit, basically) by total equity, is one important way to measure a bank's earnings. The most recent annualized quarterly return on equity for CIT Bank, National Association was 9.81 percent, above the national average of 9.28 percent.
For the twelve months ended June 30, 2017, the bank earned net income of $259.0 million on total equity of $5.36 billion. The bank experienced an annualized return on average assets, or ROA, of 1.24 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.