The city of Dallas is home to some of the most trusted financial institutions in the country. One of the best performing banks in the city is Nexbank, and they are providing a variety of services to their clients. The company received awards from an event that recognizes banks that are performing better.
The financial services company said that they topped three categories from the event. These categories are equity, efficiency, and the quality of their asset. Nexbank is happy knowing that they received the awards for these categories, and thanked the organizers for choosing them as the recipient of the recognition.
The event, which was sponsored by the S&P Global Marketing Intelligence, is held every year. They are choosing the best community banks in the country, and they will need to review the performance of each bank to determine if they deserve an award.
In the case of Nexbank, they had to study how the bank is doing transactions, and how they are hitting their financial goals. Based on the bank’s return on average tangible common equity (ROATCE) that is recorded yearly, they posted the highest score, giving them the top spot in the awards night.
The company’s efficiency ratio, as well as Texas ratio, also posted high scores, landing them on the third place. This category is for banks that has assets worth $3 billion to $10 billion.
S&P Global Market Intelligence feels happy knowing that the banks in Texas are among the best performing the country. They had six metrics to consider when choosing the banks that will receive the award, and the S&P Global Market Intelligence observed these banks for a year.
The six metrics that they considered are the following: pretax return on average tangible common equity, the efficiency ratio and the Texas ratio, loan growth, interest margin, and the net charge-offs for average loans. For more details you can visit prnewswire.com
Nexbank said that the awards they receive will be their inspiration to improve their services. They will be going major transformations because of the awards that they receive, and they promised that they will work hard to achieve more awards in the next recognition events hosted by the S&P Global Market Intelligence.