NexBank Capital, Inc., has recently dominated the headlines by publicizing a cool $24 million in its final round of venture capital raising conducted in June 2016. The Dallas-based financial service entity has pulled all the stops to ensure such an activity was a resounding success. Through its completion, the capital raised will be channeled for corporate purposes. While addressing a congregation of journalists and stakeholders, NexBank’s CEO, John Holt, reiterated the company’s commitment to promoting development opportunities and continued growth.
Based on verified reports, NexBank has been doing well financially in recent months. In fact, the company earned a net income of $38.1 million within the first six months of 2016, which undeniably translates to a 37.6% increment. On a net worth scale, NexBank Capital has exceeded $3.5 billion while total deposits reached a staggering $2.6 billion as at June 30, 2016. Such figures translate to an annual increment of 61 and 49 percent respectively.
On the other hand, current loans were estimated at $2.5 billion according to NexBank SSB, an affiliate bank, while also valuing the loan at 72 percent of the entity’s total assets. Despite such high numbers, NexBank reiterates that it’s well on course to meet set targets courtesy of its financially stable status tied at 9.44 percent.
Consequently, Matt Siekielski, the company’s Chief Operating Officer and Executive Vice President, has assured stakeholders that the company is in a prime position to enhance accessible businesses across NexBank. As a testament to this statement, NexBank’s strong earnings and liquidity profile have inadvertently contributed to upgraded ratings from the Kroll Bond Rating Agency.
NexBank Capital in Brief
NexBank’s reputation as a leading financial service provider remains unchallenged courtesy of its highly effective Investment banking, Commercial and Mortgage banking systems. The company specializes in providing banking services to corporations, individuals and financial entities worldwide.