A bank's earnings performance affects its long-term survivability. Earnings may be retained by the bank, expanding its capital buffer, or be used to deal with problematic loans, potentially making the bank more resilient in tough times. Conversely, losses lessen a bank's ability to do those things.
On Bankrate's earnings test, CIT Bank, National Association scored 18 out of a possible 30, failing to reach the national average of 20.00.
Return on equity, calculated by dividing net income (profit, basically) by the total amount of equity, is one important way to measure a bank's earnings. CIT Bank, National Association's most recent annualized quarterly return on equity was 9.81 percent, above the national average of 9.24 percent.
For the twelve months ended June 30, 2017, the bank reported net income of $259.0 million on total equity of $5.36 billion. The bank reported 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 1.13 percent.