North Dallas Bank & Trust Co. Announces First Quarter Earnings
April 07, 2023 at 11:00 am EDT
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DALLAS, April 07, 2023 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings of $1,393,780 or $0.54 per share for the three months ending March 31, 2023, compared to $2,134,090 or $0.83 per share for the same period in 2022. The decrease in earnings is primarily due to increasing interest paid on deposits.
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 dividend declaration 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
Income Statement
March 31
2023
2022
Net Interest Income
9,183,394
10,003,740
Provision for Credit Losses
(300,000
)
(750,000
)
Noninterest Income
1,378,092
1,522,047
Noninterest Expenses
(8,572,086
)
(8,103,819
)
Income Before Taxes & Extraordinary
1,689,400
2,671,968
Income Tax
(295,620
)
(537,878
)
Income Before Extraordinary
1,393,780
2,134,090
Extraordinary
0
0
Net Income
1,393,780
2,134,090
Earnings per share
0.54
0.83
Three Month Average
Balance Sheet
As of March 31
Ended March 31
2023
2022
2023
2022
Total Assets
1,734,530,899
1,721,552,043
1,680,067,275
1,694,253,652
Total Loans
1,038,329,832
897,738,044
1,032,637,321
879,536,104
Deposits
1,512,380,442
1,548,932,318
1,505,226,698
1,519,559,087
Stockholders' Equity
160,345,483
163,872,540
158,788,784
167,674,318
(Prepared internally without review by
our independent accountants)
Media Contact: Brian C. Jensen 972-716-7124 brian.jensen@ndbt.com