173 0 Kommentare North Dallas Bank & Trust Co. Announces Third Quarter Earnings

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)