North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings

Rhea-AI Summary

NDBT (North Dallas Bank & Trust Co.) reported net earnings of $1,310,944 or $0.51 per share for Q4 2021, a decrease from $2,319,733 or $0.90 per share in Q4 2020. For the full year 2021, net earnings totaled $7,111,980 or $2.77 per share, down from $8,577,621 or $3.34 per share in 2020. These earnings were internally prepared without independent accountant review. NDBT is dedicated to providing banking solutions through its five locations in the Dallas area.

Positive

• Continued operation as an independent community bank since 1961.
• Dedicated efforts in providing authentic banking solutions and innovative online tools.

Negative

• Q4 2021 earnings decreased by 43.7% compared to Q4 2020.
• Full year 2021 earnings decreased by 17.1% from 2020.

DALLAS, Jan. 10, 2022 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings of $1,310,944 or $0.51 per share for the three months ending December 31, 2021, compared to $2,319,733 or $0.90 per share for the same period in 2020. Net earnings for the year ending December 31, 2021 totaled $7,111,980 or $2.77 per share, compared to $8,577,621 or $3.34 per share in 2020.

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 earnings for Q4 2021?

NDBT reported net earnings of $1,310,944 or $0.51 per share for Q4 2021.

How did NDBT perform in 2021 compared to 2020?

NDBT's net earnings for 2021 were $7,111,980 or $2.77 per share, down from $8,577,621 or $3.34 per share in 2020.

When was NDBT established?

NDBT was founded in 1961.

Where are NDBT's banking centers located?

NDBT has banking centers in Dallas, Addison, Frisco, Las Colinas, and Plano.