NexBank is a Dallas-based financial services institution and has recently announced that it completed raising a $20 million equity capital on June 30, 2017. The firm intends to use the proceeds from the initiative raised for its general corporate purposes. At the end of this campaign, NexBank Capital generated more than $220 million worth of equity and debt. This capital raise provides further validation of the institution’s strong financial position and business plan. The addition of capital will allow NexBank to accelerate as it looks forward to enhancing and strengthen its performance.
NexBank Capital has recently released a report on its record levels of consolidated deposits, loans, and assets. Its total assets as of June 30, 2017, was approximately $6.4 billion, which is a significant increase compared to the same period last year. Its total loans and deposits reached $3.9 billion and $5.8 billion respectively compared to $2.5 billion and $2.6 billion respectively for the same period last year. In the first six months of 2017, NexBank Capital recorded an impressive net income growth of $46 million. Its return on average assets and return on average equity were 1.7 percent and 31 percent respectively at the fall of 2017.
About NexBank Capital
Nexbank SSB is a top regional bank, which has been instrumental in the growth of NexBank Capital and has helped it maintain its well-capitalized status. Its risk-based capital ratio and leverage ratio stood at 13.23 percent and 8.20 percent respectively as of June 30th, 2017. Kroll Bond Rating Agency (KBRA) recently affirmed NexBank’s investment grade rating as a reflection of its consolidated capital levels. KBRA went ahead to affirm the NexBank’s senior unsecured debt rating of BBB and the unsecured debt ratings and the deposit of NexBank SSB as BBB+, which is a stable outlook. NexBank is an established financial services company that uses three core business approaches, institutional service, mortgage banking, and commercial banking to serve its clients around the world. NexBank Capital specializes in banking and financial services, and its target audiences include corporations, financial institutions, and institutional clients across the nation.