NexBank Capital recorded improvements in their financial outcomes for the full year and the fourth quarter of 2015. In the past 4 years, the company has been having a strong financial position. The financial services corporation based in Dallas hit record levels in terms of assets, loans, earnings and deposits. It reported a net income of $53.2 million and a 12% increase in Return on Average Equity. In the fourth quarter of 2015, the net income stood at $16.2 million while the Return on Average Equity was 37%, which was a commendable increase from the same period in 2014.
The total assets of the company were $2.72 billion for the full year while loans increased to $1.97 billion and total deposits were $1.88 billion. This remarkable results where highly contributed by NexBank SSB, a top regional bank. John Holt, president and CEO of NexBank Capital, said the company has been able to manage its risks and expenses while increasing and improving its earnings, assets and deposit channels from year to year.
John also added that NexBank would continue developing its businesses and institutional client base in the U.S. This way, it would get hold of opportunities that strengthen and expand the company’s product offering. The institution’s long-term funding strategy saw it acquire College Savings Bank in November 2015, thus increasing its source of deposits. This Information was originally reported on PRNewswire.
About NexBank Capital
NexBank Capital is a financial institution that focuses on three major business services. They are mortgage banking, investment banking and commercial banking. The company offers these services to institutional clients, top financial firms, corporations and individuals across the nation. NexBank’s is committed to delivering exceptional value and the most advanced banking solutions for its vast clientele. These solutions are tailored according to the specific needs of the client. NexBank has been offering banking services since 1922.