Net income for the fourth-quarter reached $16 million and the company’s net income for 2015 was $53 million, which easily topped 2014’s net income of $$25.6 million.
The bank’s return on equity was up 36 percent for 2015 and the company saw its ROE for the fourth quarter of 2105 rise to 37 percent as opposed to 33 percent in the fourth quarter of 2014. Total assets for the bank hit an astonishing $2.72 billion, which is 47 percent higher than 2014. The bank’s total loans reached a whopping $1.97 billion in 2015, which is an increase of 42 percent compared to the same time in 2014.
Over the past four years, Nexbank increased its return on equity and net income by using a profitable and efficient platform. In November of 2015, Nexbank acquired College Savings Bank in an effort to develop a strategic, long-term funding strategy.
Nexbank is based out of Dallas, Texas that specializes in mortgage banking, investment banking and commercial services.
Nexbank also provides high-yield money market accounts, correspondent lending, credit services and mortgage banking services. The company also services distressed syndicated debt for investment grade and non-investment grade loans.