Category Archives: BANKS

NexBank Progressive Fourth Quarter and Full Year 2015 Results

The NexBank Capital is a Dallas-based business assistance company. The firm announced robust consolidated financial returns for the annual and fourth quarter of 2015.

Progressive performance of the company
The company has for long performed well in several areas. For a fourth continuous year, the organization attained record levels of earnings, loans, deposits, and assets.

Net revenue rose year-over-year and struck $53.2 million. The Return on Average Equity (ROAE) increased to 35% for 2015, as opposed to the net profit of $25.6 million as well as ROAE of 23% for 2014. For the fourth section, net revenue was $16.2 million and ROAE was 37% opposed to $10.2 million and 33%, sequentially; for an equivalent duration in 2014.

The firm announced entire assets of $2.72 billion at year-end. The data indicated a 48% improvement over the previous year. Full loans improved from 42% in 2015 to $1.97 billion. The total deposits increased by 32% year-over-year and struck $1.88 billion.

The NexBank SSB is a leading regional bank. The bank added to the Company’s improvement
while keeping its well-capitalized rank. The Bank’s Tier 1 leverage proportion. Its total risk-based assets attained 9.34% and 13.52%, sequentially, at December 31, 2015.
According to John. Holt, Chief President Executive Officer of the company results, indicate NextBank’s profitable and efficient platform. The organization has increased profits year-over-year. It has also improved its deposit and asset flows while running its risk and expenses.

The firm’s performance in 2016,
NexBank stays determined on its institutional customer base, and the growth of its businesses in the U.S. The company continues to be well placed to capture occasions that strengthen and expand its product offering,” stated Matt Siekielski, Chief Operating Officer of nextBank.

NextBank’s long-term funding strategy,
NexBank SSB obtained College Savings Bank on November 30, 2015. The addition expanded the balance sheet of the Bank by an extra source of deposits.

NexBank Capital, Inc. is a business services firm that assists its customers via three core traffic: Mortgage Banking, Commercial Banking and Investment Banking. The bank’s major role is to offer customized banking and financial services. Are you an institutional client, financial institution, corporation, or world citizen? The NextBank is the best option for your financial consultation.