Nexbank Capital, Inc. is a financial services company. It is based in Dallas. The company announced its successful completion of a $24 million common equity capital raise through PRNewswire on the 15th of August. The company said that it was able to complete the project in June 2016. Nexbank also noted that it would use the proceeds from the capital raising effort for general corporate devotions. John Holt is the company’s chief executive officer and president. He noted that they are pleased with the success of the capital raise. John also stated that Nexbank appreciates the positive response they received from its shareholders. Holt said that Nexbank would use the capital raise to offer additional support to its continued growth as well as development opportunities.
Nexbank Capital recorded a net income of $38.1 million during the first six months of 2016. Additionally, it also reported a return on average equity (ROAE) of 37.6 percent. The company also recorded total assets exceeding $3.5 billion at June 30, 2016, and total deposits of $2.6 billion. That indicates an increase of 61 percent and 49 percent respectively, as compared to the figures reported in 2015.
Nexbank SSB is a regional bank. It had total gross loans of $2.5 billion in the second quarter. The figure constitutes 72 percent of the total assets of the bank. The company’s executive vice president and chief operating officer, Matt Siekielski noted that the capital raise would position Nexbank to continue the growth of its scalable business.
About Nexbank Capital
Nexbank Capital and Nexbank SSB received upgraded ratings as a result of its high capital levels, earnings, and liquidity profile. The ratings are from Kroll Bond Rating Agency, and they have a stable outlook. Nexbank Capital serves its clients through investment banking, commercial banking, and mortgage banking. It offers customized banking and financial services to corporations, institutional clients, and financial institutions.