North Dallas Bank & Trust Co. Announces Third Quarter Earnings

Rhea-AI Summary

NDBT (North Dallas Bank & Trust Co.) reported net earnings of $667,926 or $0.26 per share for the past three months and $3,402,185 or $1.32 per share for the past nine months, ending September 30, 2023.

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DALLAS, Oct. 25, 2023 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $667,926 or $0.26 per share, and net earnings for nine months of $3,402,185 or $1.32 per share, for the periods ending September 30, 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 earning 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						Nine Months Ended
	September 30						September 30
Income Statement	2023			2022			2023			2022
Interest Income	16,080,200			12,450,461			45,415,030			34,854,485
Interest Expense	8,497,071			1,195,632			19,553,246			2,641,453
Net Interest Income	7,583,129			11,254,829			25,861,784			32,213,032
Provision for Loan Losses	0			(1,030,000	)		(450,000	)		(2,885,600	)
Noninterest Income	1,947,351			1,428,266			4,659,259			4,452,284
Noninterest Expenses	(8,767,533	)		(8,684,486	)		(25,989,503	)		(25,384,164	)
Income Before Taxes & Extraordinary	762,947			2,968,609			4,081,540			8,395,552
Income Tax	(95,021	)		(562,260	)		(679,355	)		(1,632,059	)
Net Income	667,926			2,406,349			3,402,185			6,763,493
Earnings per Share	0.26			0.94			1.32			2.63
							Nine Month Average
	As of September 30						Ended September 30
Balance Sheet	2023			2022			2023			2022
Total Assets	1,728,752,439			1,714,574,342			1,697,914,626			1,722,251,428
Total Loans	1,133,317,827			977,124,602			1,057,729,435			929,087,562
Deposits	1,468,335,323			1,549,447,060			1,472,027,210			1,551,142,503
Stockholders' Equity	160,495,368			155,002,096			160,534,861			162,692,072
(Prepared internally without review by
our independent accountants)

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

FAQ

What are the net earnings of NDBT for the past three months?

NDBT reported net earnings of $667,926 or $0.26 per share for the past three months.

What are the net earnings of NDBT for the past nine months?

NDBT reported net earnings of $3,402,185 or $1.32 per share for the past nine months.

Who can provide further information about the earning and financial performance of NDBT?

Glenn Henry, Chief Financial Officer, can provide further information about the earning and financial performance of NDBT.