For the first six months of 2016, NexBank Capital, Inc. reported net income of $38.1 million and return on average equity (ROAE) of 37.6 percent. Total assets exceeded $3.5 billion and total deposits reached $2.6 billion at June 30, 2016, a year-over-year increase of 61 percent and 49 percent, respectively.
NexBank SSB, a regional bank, reported total gross loans of $2.5 billion at the end of the second quarter, which constitute 72 percent of the Bank's total assets. NexBank SSB maintained its well-capitalized status with a Tier 1 leverage ratio of 9.44 percent and a total risk-based capital ratio of 12.98 percent.
"With this capital raise we are well positioned to continue the growth of our scalable businesses across NexBank," said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.
As a reflection of its strong capital levels, liquidity profile and earnings, NexBank Capital, Inc. and NexBank SSB recently received upgraded ratings with a stable outlook from Kroll Bond Rating Agency. NexBank Capital, Inc. received an upgrade of its senior unsecured debt rating from BBB- to BBB and NexBank SSB received an upgrade of its deposit and senior unsecured debt rating from BBB to BBB+.
About NexBank Capital, Inc.
NexBank Capital, Inc. is a financial services company that serves its clients through three core businesses: Commercial Banking, Mortgage Banking and Investment Banking. NexBank provides customized financial and banking services primarily to institutional clients, financial institutions, and corporations nationwide. www.NexBank.com
NexBank SSB is a member of the FDIC.
Logo - http://photos.prnewswire.com/prnh/20130214/DA60748LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nexbank-announces-completion-of-24-million-capital-raise-300313696.html
SOURCE NexBank Capital, Inc.