Dallas Financial Institution Garners Record Earnings in 2015

NexBank Capital, Inc. has been a successful member of the Dallas business community for many years. If the company’s recent performance is any indication, NexBank will be around for a long time to come.

For the last quarter of 2015, and for the entire year, NexBank Capital reported record profits. What’s more, this is the fourth consecutive year NexBank has set an annual earnings record. Net income for the final quarter of 2015 was $16.2 million, up from $10.2 million in the same period in 2014. For the year, earnings were up 35 percent over 2014 at $57.2 million. And that’s not all. NexBank also reported record assets, deposits and loans. As of the end of 2015, assets totaled $2.72 billion, up 48 percent from 2014. Deposits rose to $1.88 billion, up 32 percent. Loans reached $1.94 billion, up 42 percent. NexBank president and chief executive officer John Holt attributed the firm’s excellent performance to careful risk management and improvements in operating efficiency.

NexBank Capital is a financial services company. The firm offers customized services to institutional and individual clients. Other financial institutions are also among NexBank’s customers. The services provided focus on commercial, investment and mortgage banking. NexBank SSB is a branch of NexBank Capitol. NexBank SSB is a leading bank in the Dallas region. It acquired the College Savings Bank in 2015.

NexBank received its original charter almost a century ago in 1922. Although NexBank has clients throughout the United States, it remains committed to supporting Dallas and surrounding communities. For example, NexBank is a sponsor of the AT&T Byron Nelson Golf Tournament held each May in nearby Irving, Texas.

Source:
http://www.prnewswire.com/news-releases/nexbank-reports-strong-fourth-quarter-and-full-year-2015-results-300235572.html

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