NexBank swiftly growing in popularity

 

NexBank is a popular financial services company that is based out of Dallas, Texas. John Holt is the company’s President and Chief Executive Officer. NexBank serves it’s clients through three core businesses with that being Commercial Banking, Mortgage Banking and Investment Banking.
Over the course of the last two years NexBank has seen a tremendous amount of success with their company growing in many different areas and seeing increases in many different statistical categories. For four consecutive years NexBank has reached a record level in assets, loans, deposits and earnings as well. These statistics are very telling about just how popular and efficient NexBank has become. Their Return on Average Equity (ROAE) soared all the way to 35% by the end of 2015. This percentage is way up from where it stood in 2014 at 23%. Income ROAE reached $16.2 million dollars which is up from the $10.2 million that it was.
NexBank saw a massive increase in total assets over the past year as well reaching a reported $2.72 billion at years end which is a 48% increase. They also saw their total loans increase a significant amount as well $1.97 billion making it a 42% increase. Total deposits are on the rise as well with deposits having grown 32% reaching a level of $1.88 billion.
NexBank has a Tier 1 leverage ratio and total risk based capital ratio’s at 9.34% and 13.52%. According to Chief Operating Officer Matt Siekielski, the company is focused on their institutional client base and developing their business in the United States. They are constantly looking at different ways to not only expand but also strengthen the companies product offering. It’s easy to see how much success NexBank has had recently and the statistics prove just how well run and efficient NexBank really is.