North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings
January 19, 2024 at 11:28 am
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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