How profitable a bank is has an effect on its long-term survivability. Earnings can be retained by the bank, giving a boost to its capital buffer, or be used to deal with problematic loans, potentially making the bank better able to withstand financial trouble. However, banks that are losing money have less ability to do those things.
Profinium, Inc. scored 14 out of a possible 30 on Bankrate's earnings test, less than the national average of 15.12.
One widely used measure of a bank's earnings is return on equity, or net income (profit, basically) divided by the total amount of equity. Profinium, Inc.'s most recent annualized quarterly return on equity was 7.06 percent, below the national average of 8.10 percent.
The bank reported net income of $2.7 million on total equity of $38.6 million for the twelve months ended December 31, 2017. The bank had an annualized return on average assets, or ROA, of 0.75 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.