How profitable a bank is affects its long-term survivability. Earnings may be retained by the bank, boosting its capital buffer, or be used to deal with problematic loans, likely making the bank better able to withstand financial shocks. Banks that are losing money, however, are less able to do those things.
City National Bank of West Virginia scored 22 out of a possible 30 on Bankrate's earnings test, above the national average of 15.12.
One important measure of a bank's earnings is return on equity, or net income (essentially profit) divided by total equity. City National Bank of West Virginia's most recent annualized quarterly return on equity was 13.36 percent, above the national average of 8.10 percent.
The bank recorded net income of $54.2 million on total equity of $407.3 million for the twelve months ended December 31, 2017. The bank reported an annualized return on average assets, or ROA, of 1.35 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.00 percent.