A bank's earnings performance affects its long-term survivability. Earnings can be retained by the bank, giving a boost to its capital buffer, or be used to address problematic loans, potentially making the bank more resilient in times of trouble. Conversely, losses take away from a bank's ability to do those things.
First Eagle Bank scored 26 out of a possible 30 on Bankrate's earnings test, beating the national average of 15.12.
Return on equity, calculated by dividing net income (profit, basically) by the total amount of equity, is one important measure of a bank's earnings. The most recent annualized quarterly return on equity for First Eagle Bank was 17.42 percent, above the national average of 8.10 percent.
The bank reported net income of $12.6 million on total equity of $74.9 million for the twelve months ended December 31, 2017. The bank reported an annualized return on average assets, or ROA, of 2.64 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.00 percent.