NexBank Capital, Inc., a financial services company with headquarters in Dallas, Texas, released its fourth quarter and yearly financial report for 2015 on March 14, 2016. Net income was $16.2 million for the fourth quarter with total net income for the year $53.2 million. Both totals were substantial increases over the 2014 totals of $10.2 million for the fourth quarter and $25.6 million for the year.
Return on Average Equity (ROAE) was also up for the final quarter and year over the prior time periods. ROAE was 35% for 2015 compared to 23% for 2014 with the fourth quarter posting a ROAE of 37%, up from 33% from 2014.
Three other areas showed large growth from 2014 to 2015. Total assets were up 48%, total loans 42% and total deposits 32%. NexBank ended 2015 with total assets of $2.72 billion, total loans of $1.79 billion, and total deposits of $1.88 billion.
NexBank SSB, a member of FDIC, was a large part of the company’s growth with a Tier 1 leverage ratio of 9.34% and a total risk-based capital ratio of 13.52% at the close of business for 2015.
In November 2015 NexBank purchased College Savings Bank as a means of increasing deposits.
NexBank Capital, Inc., with a charter dating back to 1922, focuses in three areas: commercial banking, mortgage lending and investment banking. NexBank provides solutions for its clients’ unique needs, no matter how difficult and specialized.
NexBank has a nationwide focus that serves financial institutions and individuals. Its experienced personnel provide professional service and advice across the country that meets the financial services required for its clients’ success. NexBank is there to do whatever it takes in a ever changing financial environment.