Quarterly reporting of numbers are a crucial indicator of the overall health of any company, and if a company is publicly traded, there are forecasts as to what their numbers should be, and if they miss, the results are normally a sell-off of their stock. That sell-off is normally temporary, but it is a reminder of how important these earnings numbers can be.
NexBank, a financial services firm in Dallas, Texas, has closed the books on another very successful quarter. They reported increases in deposits, loans as well as overall assets. Though not publicly traded yet, the most recent 5 years indicate such strength, an IPO might not be far-off. This regional outfit is involved with mortgages, investment banking and commercial banking. Their growth efforts are obviously paying off in a big way, and with a strong capital position and lots of liquidity, even more growth is likely the only result for a bank showing such promise.
Return-on-average equity increased to 43%, which is a staggeringly high number by any means. With total asset increase just over $2 billion, and with deposits increasing over $1.6 billion, the strength of this southern powerhouse cannot be over-stated. They are on a path to continued success, likely for the foreseeable future.
The leadership at NexBank is completely committed to delivering value in every transaction with its customers. In addition, part of their value-added mission includes offering access to varied solutions to their financial needs, as well as access to great minds to help them achieve their goals. They have a dedicated team of advisors available to help all customers. This team is composed of seasoned professionals who have been garnering successful results for clients with specialized needs. This is how NexBank separates itself from the competition, and keeps their customers satisfied, which of course is a key to the type of explosive growth as they are now experiencing.