North Dallas Bank & Trust Co. Announces First Quarter Earnings

Rhea-AI Summary

NDBT (OTC: NODB) reported net earnings of $2,134,090 or $0.83 per share for Q1 2022, an increase from $1,769,615 or $0.69 per share in the same quarter last year. This growth is attributed to loan growth in Q4 2021. The bank, established in 1961, provides community banking services across five locations in Texas.

Positive

• Net earnings increased by 21.1% from Q1 2021 to Q1 2022.
• Earnings per share rose to $0.83 from $0.69 year-over-year.
• Growth in loans contributed to improved financial performance.

Negative

• None.

DALLAS, April 08, 2022 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.) (OTC: NODB), an independent community bank established in 1961, today announced net earnings of $2,134,090 or $0.83 per share for the three months ending March 31, 2022, compared to $1,769,615 or $0.69 per share for the same period in 2021. The increase in earnings is primarily due to loan growth experienced in the fourth quarter of 2021.

Earnings were prepared internally without review by the company’s independent accountants. Financial results are the results of past performance, events and market conditions, and are not a guarantee for future results. Any forward-looking implications derived from this information may differ materially from actual results.

Further information about the dividend declaration is available from Glenn Henry, Chief Financial Officer, by contacting NDBT.

ABOUT NDBT
Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com.

NORTH DALLAS BANK & TRUST CO.
12900 PRESTON ROAD
DALLAS, TEXAS
FINANCIAL HIGHLIGHTS
				Three Months Ended
Income Statement				March 31
				2022			2021
Net Interest Income				10,003,740			8,563,716
Provision for Loan Losses				(750,000	)		(450,000	)
Noninterest Income				1,522,047			1,210,981
Noninterest Expenses				(8,103,819	)		(7,113,392	)
Income Before Taxes & Extraordinary				2,671,968			2,211,305
Income Tax				(537,878	)		(441,690	)
Income Before Extraordinary				2,134,090			1,769,615
Extraordinary				0			0
Net Income				2,134,090			1,769,615
Earnings per share				0.83			0.69
							Three Month Average
Balance Sheet		As of March 31					Ended March 31
		2022		2021			2022			2021
Total Assets		1,721,552,043		1,534,391,870			1,694,253,652			1,483,858,828
Total Loans		897,738,044		689,262,541			879,536,104			680,348,843
Deposits		1,548,932,318		1,356,846,084			1,519,559,087			1,307,361,758
Stockholders' Equity		163,872,540		169,583,108			167,674,318			170,326,221
(Prepared internally without review by
our independent accountants)

Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com

FAQ

What were NDBT's earnings for Q1 2022?

NDBT reported earnings of $2,134,090 or $0.83 per share for Q1 2022.

How does NDBT's Q1 2022 earnings compare to Q1 2021?

Earnings increased from $1,769,615 or $0.69 per share in Q1 2021 to $2,134,090 or $0.83 per share in Q1 2022.

What factors contributed to NDBT's earnings growth in Q1 2022?

The increase in earnings is primarily due to loan growth experienced in Q4 2021.

What is the stock symbol for North Dallas Bank & Trust Co.?

The stock symbol for North Dallas Bank & Trust Co. is NODB.