NexBank Capital, Inc., which is a financial institution headquartered in Dallas, released its consolidated financial outcomes for its fourth quarter as well as the whole of 2015. For another year, the financial company attained outstanding accomplishments of deposits, loans, assets as well as earnings.
The net income was reported to have risen each year to a $53.2 million mark, which was accompanied by a Return on Average Equity of 35%.This was contrary to the previous year (2014) whereby the net income stood at $25.6 million while its Return on Average Equity was 23%.
The fourth quarterly net income results for 2015 were $16.2 million with a Return on Average Equity of 37%. In 2014, the last quarter posted a net income of $10.2 million and a Return on Average Equity of 33%.
The company also reported an increment in total loans by 42% to stand at $1.97 billion. The total assets stood at $2.72 billion at the close of 2015, which was a 48% increment compared to 2014.The total deposits rose to $1.88 billion after growing by 32% year-over-year.
NexBank Capital, Inc. is a financial service provider that provides its services to clients three its main divisions such as Investment, Mortgage, and Commercial Banking. It also offers advisory services to various clients such as institutional clients, real estate investors, and large corporations. The company utilizes a committed executive team that comprises of industry specialists such as James Dondero, the Chairman of the board.
It provides its clients with access to unmatched personalized and sophisticated services, which are delivered by specialists with an accomplished record. The firm offers a broad range of funding solutions that complements the requirements of modern mortgage experts. Customers are required to submit their contact details to allow the representatives to access them for the application process. The information was obtained from https://www.nexbank.com/