Nexbank continued its growth in the year 2015. The Dallas-based financial services company reported an increase in year-over-year net income to $53.2 million and an increase in Return on Average Equity (ROAE) to 35% for 2015. That compares to net income of $25.6 million and ROAE of 23% for 2014. Nexbank enjoyed its fourth consecutive year of record earnings, assets, loans, and deposits. Total assets were $2.72 billion at the end of 2015, up 48% over 2014. Total loans increased 42% in 2015 to $1.97 billion, and total deposits increased 32% to $1.88 billion. Fourth quarter results were also strong in 2015, with net income of $16.2 million and ROAE of 37%, compared to $10.2 million and 33% for fourth quarter 2014.
Nexbank is a popular financial institution, based in Dallas Texas. Nearly 100 years old, Nexbank offers personal banking services, as well as extensive commercial banking services. Individuals can open a checking or savings account and apply for a mortgage with Nexbank. Certificates of deposit are also available. Private customers can take advantage of online banking for maximum convenience. Utilizing online banking, customers can make deposits and withdrawals twenty four hours per day, seven days per week, from wherever they have an Internet connection. The bank helps customers to cut down on paper in their lives with online bill pay. Mobile banking is available, too, with iPhone or Android.
For business customers, Nexbank offers commercial lending, commercial mortgage lending, credit services, and treasury services. Nexbank also offers investment banking, including mergers and acquisitions, corporate finance, recapitalization and restructuring, operations advisory, and real estate advisory. Nexbank also does business as Nexbank SSB, Nexbank Securities, Inc., Nexbank Title, Inc., and Nexwash, LLC. NexBank SSB acquired College Savings Bank on November 30, 2015. Commercial banking and advisory services are offered nationwide.
Founded in 1922, Nexbank serves many individual customers, as well some of the largest clients in the institutional markets. Led by Chairman James Dondero, the management team includes knowledgeable and experienced banking professionals.
“For 2016, Nexbank remains focused on our client base and the development of our businesses in the U.S. We continue to be well positioned to capture opportunities that expand and strengthen our product offering,” said Matt Siekielski, Chief Operating Officer of Nexbank Capital, Inc.