NexBank Achieves Strong Earnings for the Second Quarter

Aug 26, 2015, 14:54 ET from NexBank Capital, Inc.

DALLAS, Aug. 26, 2015 /PRNewswire/ -- NexBank Capital, Inc., a fully-integrated financial services company, has announced results for the three months ended June 30, 2015. Net income for the second quarter of 2015 was $11.1 million, compared to $4.6 million for the same period last year. Net income for the six months ended June 30, 2015 reached $25.6 million, compared to $8.4 million for the second half of 2014.

NexBank Capital, Inc. posted record levels of assets, deposits and loans, supported by continued growth in its core businesses. Return on average equity (ROAE) and return on average assets (ROAA) were 36.4 percent and 2.5 percent, respectively, year-to-date for 2015. Total assets reached $2.18 billion at June 30, 2015, a year-over-year increase of 47 percent. 

"We have delivered exceptionally strong financial results for the first half of the year, while maintaining a disciplined approach to risk and capital management. Solid asset, deposit and loan growth and low expenses contributed to strong earnings," said John Holt, President and CEO of NexBank Capital, Inc.

"We continue to execute well across our core businesses and build broader relationships with our clients," Holt said. "With strong capital and liquidity levels and a solid balance sheet, we are well positioned to serve the growing financial needs of our clients."

Total assets for NexBank SSB grew to $2.16 billion at the end of the second quarter, a year-over-year increase of 48 percent.Total loans reached $1.66 billion and total deposits grew to $1.76 billion, an increase of 45 percent and 64 percent, respectively, from the same period last year. NexBank SSB reported a Tier 1 leverage ratio of 9.27 percent and a total risk-based capital ratio of 13.71 percent and remains well-positioned for new opportunities or regulatory changes.

NexBank was recognized for its strong capital levels, liquidity profile and earnings metrics, and received investment-grade ratings for a second year in a row. Kroll Bond Rating Agency (KBRA) reaffirmed its ratings and raised its outlook from stable to positive for NexBank Capital, Inc. and NexBank SSB. NexBank Capital, Inc. received a senior unsecured debt rating of BBB- and a short-term rating of K3. NexBank SSB was assigned a senior unsecured debt/deposit rating of BBB and a short-term rating of K2.

NexBank received identical debt and deposit ratings last year, and expectations for favorable performance, double-leverage improvement, ongoing strong asset quality and sound financial metrics led KBRA to raise NexBank's outlook from stable to positive this year.

About NexBank Capital, Inc.

NexBank Capital, Inc. is a fully-integrated financial services organization that includes a commercial and investment bank. As a leading regional financial services provider, the group delivers commercial banking, mortgage banking, investment banking and corporate advisory services to large corporations, real estate investors, middle-market companies, small businesses and banks, as well as some of the largest institutional clients in the capital markets. (www.NexBank.com)

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SOURCE NexBank Capital, Inc.



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