North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings

Rhea-AI Summary

NDBT (North Dallas Bank & Trust Co.) reported a significant increase in net earnings for Q4 2022, totaling $2,282,820 or $0.89 per share, up from $1,310,944 or $0.51 per share in Q4 2021. For the full year 2022, net earnings reached $9,046,313 or $3.52 per share, compared to $7,111,980 or $2.77 per share in 2021. These results indicate strong growth in profitability as the bank continues to serve the Dallas community. NDBT has five banking centers across the Dallas area and emphasizes innovative banking solutions.

Positive

• Q4 2022 net earnings increased to $2,282,820, up 74% year-over-year.
• Full year 2022 net earnings totaled $9,046,313, a 27% increase from 2021.
• Earnings per share for Q4 2022 rose to $0.89, compared to $0.51 in Q4 2021.
• Earnings per share for the full year increased to $3.52 from $2.77 in 2021.

Negative

• None.

DALLAS, Jan. 06, 2023 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.) (OTC: NODB), an independent community bank established in 1961, today announced net earnings of $2,282,820 or $0.89 per share for the three months ending December 31, 2022, compared to $1,310,944 or $0.51 per share for the same period in 2021. Net earnings for the year ending December 31, 2022, totaled $9,046,313 or $3.52 per share, compared to $7,111,980 or $2.77 per share in 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.

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

FAQ

What were NDBT's Q4 2022 earnings results?

NDBT reported net earnings of $2,282,820 or $0.89 per share for Q4 2022.

How did NDBT perform in 2022 compared to 2021?

NDBT's net earnings for 2022 totaled $9,046,313, up from $7,111,980 in 2021.

What was NDBT's earnings per share in 2022?

NDBT's earnings per share for the full year 2022 were $3.52, compared to $2.77 in 2021.

What factors influenced NDBT's earnings growth in 2022?

NDBT's growth was influenced by increased profitability and effective banking solutions.