DALLAS, March 14, 2016 /PRNewswire/ -- NexBank Capital, Inc., a Dallas-based financial services company, reported strong consolidated financial results for the fourth quarter and full year of 2015. For a fourth consecutive year, NexBank reached record levels of earnings, assets, loans and deposits.
Net income increased year-over-year and reached $53.2 million and Return on Average Equity (ROAE) grew to 35% for 2015, as compared to net income of $25.6 million and ROAE of 23% for 2014. For the fourth quarter, net income was $16.2 million and ROAE was 37% compared to $10.2 million and 33%, respectively, for the same period in 2014.
The Company reported total assets of $2.72 billion at year-end, a 48% growth over the prior year. Total loans increased 42% in 2015 to $1.97 billion, and total deposits grew 32% year-over-year and reached $1.88 billion.
NexBank SSB, a leading regional bank, significantly contributed to the Company's growth while maintaining its well-capitalized status. The Bank's Tier 1 leverage ratio and total risk-based capital ratio stood at 9.34% and 13.52%, respectively, at December 31, 2015.
"These results reflect NexBank's efficient and profitable platform. We have significantly increased earnings year-over-year and improved our asset and deposit channels, while prudently managing our risk and expenses," said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.
"For 2016, NexBank remains focused on our institutional client base and the development of our businesses in the U.S. We continue to be well positioned to capture opportunities that expand and strengthen our product offering," said Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc.
As part of its long-term funding strategy, NexBank SSB acquired College Savings Bank on November 30, 2015. The acquisition diversified the balance sheet of the Bank through an additional source of deposits.
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 leading financial institutions, institutional clients, corporations and individuals nationwide. www.NexBank.com
NexBank SSB is a member of the FDIC.