Standing at Texas’ 17th largest bank and the nations 288th largest bank, NexBank Capital, Inc. is a financial services company founded in Dallas, Texas. The company was established in 1922 and has continued to grow since, now holding 91 employees across 3 different locations. As the company continues to prosper, it is considered to be at a grade A health level, which offers the company stability and expectation of growth.
NexBank Reports Strong Fourth Quarter and Full Year 2015 Results
NexBank strives to be a company uniquely focused on customer service while still offering top of the line professional assistance in their specialized fields. The company works hard at committing their all into each customer’s needs, searching for customized solutions that benefits the customer most. No client is considered too big or small for NexBank’s services in commercial, mortgage, and investment banking.
Recently the company has reported their consolidated financial results of their fourth quarter and full year, which were shown to be strong and successful. In fact, NexBank acquired record levels in earnings, assets, loans and deposits for the fourth year in a row. These results can be shown in their newly obtained net income of $53.2 million and growth of 35% in their Return on Average Equity. In addition, $2.72 billion worth of total assets were reported, which was a 48% increase from the previous year. Total loans and total deposits grew to $1.97 billion and $1.88 billion, respectively, which was over a 30% increase for both.
In all, the company is predicted to continue their growth in the following year. Their success has John Hold, President and Chief Executive Officer of NexBank Capital, Inc., stating, “these results reflect NexBank’s efficient and profitable platform. We have significantly increased earnings year-over-year and improved our asset and deposit channels, while prudently managing our risk and expenses.”