North Dallas Bank & Trust Co. Announces Third Quarter Earnings
October 25, 2023 at 01:06 pm EDT
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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