This year, the S&P Global Market Intelligence, a provider of multi-asset class and real-time data, research, and analytics, released its list of the Best-Performing US Community Banks. According to S&P Global Market Intelligence’s report, a bank in Dallas was able to top the three categories in this year’s list. The categories are in equity, efficiency, and asset quality.
The said company, NexBank Capital Inc, is a bank based in Dallas, Texas which offers commercial banking, mortgage banking, and institutional services to clients and financial institutions. The bank successfully ranked first all over the country with the most annual return on average tangible common equity or ROATCE. In addition, the company managed to clinch two number 3 spots. It earned the third spot for the best efficiency ration, as well as Texas ration, and outpaced all its competition within $3 billion to $10 billion in assets. To see more you can visit prnewswire.com.
S&P Global Market, which is a subsidiary of S&P Global Inc., ranked the companies based on six core financial performance from a 12 month period which started in January and ended in December last year. All banks evaluated are in the $3 billion to $10 billion range. The six core financial performance includes net charge-offs as a percentage of average loans, pretax return on average tangible common equity, net interest margin, and loan growth, and the three previously mentioned metrics above.
NexBank was founded by James Dondero, which is also the Co-founder and the President of Highland Capital Management. He is known for his management and leadership which helps in ushering growth to both of the firms. NexBank is focused on giving its clients the best services that they can give as a financial service provider. They serve leading financial services to individual, corporate, and institutional customers.
The executive team is led by John Holt, the current president, and chief executive officer of the firm. Matt Siekielski is the current chief operating officer while Stacy Hodges is both the chief financial officer and the chief risk officer. Rhett Miller is the current chief credit officer. NexBank’s core business lines are commercial banking, mortgage banking, institutional services, and personal banking. One of their mission is to deliver uncommon value at every opportunity. You can checkout depositaccounts.com