North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings

Rhea-AI Summary

NDBT (North Dallas Bank & Trust Co.) reported net earnings of $375,157 or $0.15 per share for the three months ending December 31, 2023, and net earnings of $3,777,342 or $1.47 per share for the full year. The financial results were prepared internally without review by independent accountants. It is important to note that past performance, events, and market conditions do not guarantee future results.

DALLAS, Jan. 19, 2024 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $375,157 or $0.15 per share, and net earnings for twelve months of $3,777,342 or $1.47 per share, for the year ending December 31, 2023.

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 earnings and financial performance 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						Twelve Months Ended
			December 31						December 31
Income Statement			2023			2022			2023			2022
Interest Income			17,379,498			13,964,988			62,794,529			48,816,473
Interest Expense			9,488,902			2,646,470			29,042,148			5,284,922
Net Interest Income			7,890,596			11,318,518			33,752,381			43,531,551
Provision for Loan Losses			0			(600,000	)		(450,000	)		(3,485,600	)
Noninterest Income			1,315,404			894,272			5,974,664			5,346,556
Noninterest Expenses			(8,833,769	)		(8,791,918	)		(34,823,274	)		(34,176,083	)
Income Before Taxes & Extraordinary			372,231			2,820,872			4,453,771			11,216,424
Income Tax			2,926			(538,052	)		(676,429	)		(2,170,111	)
Net Income			375,157			2,282,820			3,777,342			9,046,313
Earnings per Share			0.15			0.89			1.47			3.52
									Twelve Month Average
			As of December 31						Ended December 31
Balance Sheet			2023			2022			2023			2022
Total Assets			1,771,144,330			1,680,874,912			1,710,498,702			1,715,642,031
Total Loans			1,190,277,991			1,035,607,831			1,081,065,097			949,537,258
Deposits			1,480,179,142			1,517,778,940			1,475,393,497			1,546,082,734
Stockholders' Equity			163,995,395			157,265,893			160,824,549			160,950,279
(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 net earnings for the three months ending December 31, 2023?

NDBT reported net earnings of $375,157 or $0.15 per share for the three months ending December 31, 2023.

What were NDBT's net earnings for the full year ending December 31, 2023?

NDBT reported net earnings of $3,777,342 or $1.47 per share for the full year ending December 31, 2023.

How were NDBT's financial results prepared?

The financial results were prepared internally without review by the company’s independent accountants.

Do past performance, events, and market conditions guarantee future results for NDBT?

No, past performance, events, and market conditions are not a guarantee for future results for NDBT.