NexBank Capital Inc., a successful financial institution in Dallas, TX proudly announced solid financial outcomes the end of December 2015. The financial statements showed the company had an increase in assets, deposits, loans and revenue for 2012 through 2015. Net income, in 2015 more than doubled compared to the previous year, increasing from $25.6 million to $52 million. Return on Average Equity (ROAE) also increased from 23 percent in 2014 to 35 percent by the end of last year. The success of NexBank Capital is due to their strategy of long term funding and effective risk management.
The financial schedule revealed NexBank SSB acquisition of College Savings Bank, which increased deposits for the financial institution. NexBank SSB is an affiliate of NexBank Capital and a member of the Federal Deposit Insurance Corporation (FDIC). NexBank is financially positioned to pursue expansion opportunities and strengthen their services and products in the United States. Total assets for the company increased by 48 percent, totaling $2.72 billion the end of 2015.
NexBank Capital provides investment, advisory, and mortgage services to investors, net worth individuals, small businesses, and large corporations. The institution was founded in 1922 and is overseen by President and Chief Executive Officer, John Holt. The awards winning banking institution was recognized in 2015 by the ICBA Independent Banker Magazine as one of the top performing banks in the U.S. NexBank was also recognized in 2014 as Bank Director Growth Leader, ranking number one in Core Deposits and number 3 in Net Loans and Leases. The institution was number seven nationally in Core Revenue.
The executives of NexBank are proud about their present financial position over the last four years. NexBank is the leading regional bank in Dallas and Forth, with more than 90 years of experience in the financial and banking industry. According to PR Newswire (March 14th, 2016), NexBank will continue to concentrate on further expansion and perfecting their product offering.