NexBank has posted its results for 2015 and has seen remarkable success throughout the course of the year. As compared to the previous year, NexBank has made 35% more on its Return on Average Equity and it reached a net income of a little more than $53 million. NexBank saw particular success in its fourth quarter, with a net income of roughly $16 million compared to $10 million around the same time last year.
This shouldn’t come as too much of a surprise though, as NexBank is one of the most popular leaders in regional banking in Texas. John Holt, the president of NexBank Capital, has pointed to the year-over-year successes of NexBank as proof of its consistently strong performance. As for next year, NexBank intends to capitalize on its existing strength in the market to pursue new business opportunities and continue building its network of institutional clients.
NexBank’s success primarily stems from its work in three channels: Commercial Banking, Mortgage Banking, and Investment Banking. By working with clients directly to provide new financial services, NexBank is able to develop a banking platform that serves a wide range of both individuals and companies. It is likely because of this versatility that they were able to become such a dominant figure of Dallas financial services. In fact, its parent company has reported 48% growth over the previous year, indicating a very healthy portfolio and a solid array of valuable services to customers.
NexBank’s latest expansion was on November 30, 2015, when they acquired College Savings Bank in an attempt to diversify their balance sheet. As a part of their expansion policies, NexBank seeks to find a balance between building up their portfolio and effectively managing their risks. NexBank is currently based in Dallas and is a member of the FDIC.