DALLAS, May 14, 2015 /PRNewswire/ -- NexBank Capital, Inc. a fully-integrated financial services company, has announced financial results for the first quarter of 2015. NexBank reported another record quarter of total assets, deposits and loans as well as net income. The bank's capital ratios continue to be in excess of well-capitalized requirements.
"We've started another year with strong balance sheet growth, increased earnings and continued strength in asset quality. NexBank has consistently set deposit, asset and loan growth records, while maintaining excellent capital ratios. This reflects the prudent and steady growth of our business and our ability to develop high-quality results for our clients," said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.
NexBank SSB increased its total assets by 53% to $2.07 billion during the twelve months ending March 31, 2015. Total deposits grew to $1.62 billion, a year-over-year increase of 43%. Loan portfolio investments expanded to $1.60 billion, an increase of 49% from the first quarter of 2014.
"These results demonstrate the continued improvement in the financial strength of NexBank. With stronger capital and liquidity, we remain focused on building relationships and supporting our clients with their ongoing growth efforts," said Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc.
At March 31, 2015, the Tier 1 leverage ratio stood at 9.69% and the total risk-based capital ratio stood at 13.07%. The bank continues to maintain excellent asset quality and had a ratio of nonperforming assets (NPAs) to total assets of 0.12% at March 31, 2015. Return on equity (ROE) and return on assets (ROA) increased to 36.8% and 3.4%, respectively, for the first quarter. The bank reported net income of $16.25 million for the quarter ended March 31, 2015, as compared to $4.41 million over the same period in 2014.
NexBank Capital, Inc. also reported continued growth. Total assets grew to $2.10 billion, a year-over-year increase of 52%, and return on average equity (ROAE) and return on average assets (ROAA) increased to 43.0% and 3.0%, respectively, year-to-date for 2015. Return on equity (ROE) and return on assets (ROA) increased to 41.0% and 2.8%, respectively, for the first quarter. NexBank Capital, Inc. reported net income of $14.54 million for the first quarter, compared to $3.86 million over the same period in 2014.
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)