Nexbank seeks to provide uncommon value in the financial industry. Founded in 1922, Nexbank is based out of Dallas Texas. It works efficiently to provides its customers and clients with outstanding financial solutions.
Nexbank’s three core businesses include commercial banking, investment banking, and mortgage banking. Nexbank has improved its earnings year over year and seen an increase to its assets. One of the major reasons for this is Nexbank’s quality control of risk. These factors contributed to the strong performance of Nexbank in 2015.
In fiscal year 2015, Nexbank reported year over year income of $53.2 million and return on average equity was 35%. This is a significant increase in efficiency and profitability from 2014 where Nexbank reported year over year income of $25.6 million and return on average equity of 23%.
Nexbank remains well leveraged and prepared to continue its profitability and success into 2016. Adding to the balance sheet and giving Nexbank additional resources to succeed, was the acquisition of College Savings Bank in November of 2015. Nexbank remains prepared to take advantage of additional growth opportunities into 2016.
In addition to serving consumers through their mortgage and commercial banking operations; Nexbank serves large corporations, real estate investors, middle market companies, small businesses, banks, and institutional clients through investment banking and corporate advisory services.
Nexbank is demonstrating that its commitment to serving the community and maintaining efficiency leads to increasing profits and expanded opportunity. Nexbank is well positioned for growth well into 2016 and continued growth in its three core lines of business.