117 0 Kommentare North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings

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)