NexBank bags $20m in equity raise

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fintech insurtech wealthtech regtech ai cybertech esg news

Texas-based commercial banking, mortgage banking and institutional services provider NexBank Capital has scored a $20m common equity raise.

The bank is the fourth largest in Dallas and offers nationwide clients, financial institutions and corporations access to services including commercial lending, treasury management and investment banking, among others.

NexBank has a net income of $46m for the first six months of the year, with a return on average equity around 31 per cent and a return on average assets around 1.7 per cent, according to the company.

This capital injection will be used to continue the growth of the company.

NexBank president and CEO Capital, Inc John Holt said, “The support from our shareholders provides further validation of NexBank’s business plan and strong financial position. This additional capital will allow us to accelerate growth as we continue to strengthen and enhance NexBank’s performance.”

This latest funding brings the total capital and debt raised by the company since 2016 to $220m.

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