Dallas, Texas based financial institution Nexbank is reporting that it is seeing tremendous growth for over 4 straight years. This growth is shattering company records in terms of profits and assets under the bank’s management. The fourth quarter of 2015, was especially strong. Below are some statistics which show just how fast and strong the growth of Nexbank has been in the past couple of years.
Nextbank has seen an increase in its net income, also known as profits for over 4 straight years. In 2015 the bank’s net income was $53.2 million. In 2014, total profits were $25.6 million. That is more than a doubling of the profits the bank has seen in just over a year. The return on average equity at the bank is also rising. In 2014, it was around 23%. In 2015, it was around 35%. The positive growth on the return on average equity shows that Nexbank is investing in more and more profitable ventures while reducing losses and waste.
Further stats include an increase by almost 50% in the total number of assets under the control of the bank. Loans and deposits at the bank grew by about 40% and 30% respectively. All of these numbers are showing that Nexbank is becoming more profitable and expanding its portfolio. Nexbank also bought a fellow bank called the College Savings Bank at the end of 2015, acquiring new customers and new deposits.
At Nexbank, you will find banking services for all types of clients. This includes banking for individuals in the form of personal loans, checking accounts, saving accounts and retirement accounts. It also includes investment banking which deals primarily with corporate clients who are looking to raise money or sell shares of company stock through a trusted medium. Finally, Nexbank is also a major mortgage lender who helps people obtain the home of their dreams through home loans.