Achieves Massive Capital Raise

NexBank Capital, Inc. is a financial services company. It is based in Dallas. In June 2016, NexBank announced completing a common equity capital raise of $24 million. This capital raise will be used for corporate purposes.

John Holt is the President and CEO of NexBank Capital, Inc. He has mentioned his happiness at this capital raise. He has also appreciated the support and motivation provided by his shareholders. He has said that the proceeds from this capital raise will be used for the growth and development of NexBank.

The first six months of 2016 have seen NexBank Capital, Inc. earning a net income of $38.1 million. The return on average equity was 37.6 percent. The total assets during this timer exceeded $3.5 billion. This is 61% more than last year. The total deposits during this time reached $2.6 billion. This is a year-over-year increase of 49 percent.

NexBank SSB is a regional bank. At the end of second quarter, it reported total gross loans that were in the range of $2.5 billion. These would constitute 72 percent of the total assets of the Bank. This way NexBank SSB is going to maintain its status of being a well-capitalized bank having a Tier 1 leverage ratio which is 9.44%. The capital ratio which is risk-based will stand at 12.98%.

This capital raise will help in growing the scalable businesses all across NexBank. Matt Siekielski is the Executive Vice President as well as Chief Operating Officer of NexBank Capital, Inc. and will be looking into this aspect of the business here.

These capital levels of NexBank along with its liquidity profile as well as earnings have made it receive upgraded ratings from the Kroll Bond Rating Agency. Its senior unsecured debt rating has been upgraded from BBB- to BBB, which is a major milestone.

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