The majority of financial institutions pay a significant amount of attention to the annual S&P Global Market Intelligence awards, as it often highlights a variety of business practices that can help individual banks. Furthermore, receiving anywhere near top billing in the list of award recipients has often bestowed an extensive amount of recognition for the winners, as well as a notable increase in business. However, while many companies have achieved honors at the ceremony, few have done so in several categories in the same year. One of the more recent examples of this is NexBank Capital, which has received a significant amount of praise in three categories in the most recent event.
Perhaps the most notable of this praise was directed at the company’s annual return on average tangible common equity; NexBank was ranked first in the United States. Furthermore, the financial services provider also received praise for its efficiency ratio and Texas ratio, where it received third across the country for both. This was something that many observers have noted was quite a feat for the company. Furthermore, many in the company have highlighted the fact that it was quite an honor to receive the awards. On top of this, many have also suggested that it offered a glimpse at the work that many in the company do on a daily basis. As such, many analysts have suggested that the awards help highlight how NexBank Capital trains its staff to effectively and reliably meet their customers’ needs while aiming to exceed expectations.
These weren’t the only awards that were given out on the night, however. S&P Global Market Intelligence ranked the United States based institutions in several different categories; the most notable of these was the pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin, and loan growth. NexBank Capital also managed to rank highly in many of the other categories, despite not coming in the top three. Over the past few years, the company has focused on providing services to clients in three core areas; Commercial Banking, Mortgage Banking, and Institutional Services, growing significantly in the years since it was founded.