How profitable a bank is affects its long-term survivability. A bank can retain its earnings, giving a boost to its capital buffer, or use them to address problematic loans, potentially making the bank more resilient in tough times. Conversely, losses take away from a bank's ability to do those things.
On Bankrate's test of earnings, OmniBank scored 0 out of a possible 30, failing to reach the national average of 15.12.
Return on equity, calculated by dividing net income (essentially, profit) by total equity, is one important measure of a bank's earnings. The most recent annualized quarterly return on equity for OmniBank was -10.03 percent, below the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank earned net income of $-479,000 on total equity of $4.5 million. The bank reported an annualized return on average assets, or ROA, of -1.00 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.