DALLAS, Oct. 11, 2022 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.) (OTC: NODB), an impartial group financial institution established in 1961, immediately introduced internet earnings of $2,406,349 or $0.94 per share for the three months ending September 30, 2022, in comparison with $2,151,043 or $0.84 per share for a similar interval in 2021. The enhance in earnings is primarily attributable to mortgage development skilled in 2022.
Earnings have been ready internally with out evaluation by the corporate’s impartial accountants. Financial outcomes are the outcomes of previous efficiency, occasions and market situations, and are usually not a assure for future outcomes. Any forward-looking implications derived from this data might differ materially from precise outcomes.
Further details about the dividend declaration is obtainable from Glenn Henry, Chief Financial Officer, by contacting NDBT.
ABOUT NDBT
Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an impartial group financial institution with 5 banking facilities situated in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the nook of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is devoted to serving to folks make smarter decisions in business and life by providing genuine banking options, wealth administration, and revolutionary on-line banking instruments. NDBT is Member FDIC and an Equal Housing Lender. For extra data, name 972.716.7100, or go to on-line at www.ndbt.com.
Media Contact:
Brian C. Jensen
972-716-7124
[email protected]
| FINANCIAL HIGHLIGHTS | |||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||
| September 30 | September 30 | ||||||||||
| Income Statement | 2022 | 2021 | 2022 | 2021 | |||||||
| Net Interest Income | 11,254,829 | 8,584,331 | 32,213,032 | 25,397,876 | |||||||
| Provision for Loan Losses | (1,030,000 | ) | 0 | (2,880,000 | ) | (550,000 | ) | ||||
| Noninterest Income | 1,428,266 | 1,344,387 | 4,452,284 | 3,898,325 | |||||||
| Noninterest Expenses | (8,684,486 | ) | (7,230,691 | ) | (25,389,764 | ) | (21,478,865 | ) | |||
| Income Before Taxes & Extraordinary | 2,968,609 | 2,698,027 | 8,395,552 | 7,267,336 | |||||||
| Income Tax | (562,260 | ) | (546,984 | ) | (1,632,059 | ) | (1,466,300 | ) | |||
| Income Before Extraordinary | 2,406,349 | 2,151,043 | 6,763,493 | 5,801,036 | |||||||
| Extraordinary | 0 | 0 | 0 | 0 | |||||||
| Net Income | 2,406,349 | 2,151,043 | 6,763,493 | 5,801,036 | |||||||
| Earnings per Share | 0.94 | 0.84 | 2.63 | 2.26 | |||||||
| Nine Month Average | |||||||||||
| As of September 30 | Ended September 30 | ||||||||||
| Balance Sheet | 2022 | 2021 | 2022 | 2021 | |||||||
| Total Assets | 1,714,574,342 | 1,613,009,406 | 1,722,251,428 | 1,557,024,149 | |||||||
| Total Loans | 977,124,602 | 699,461,871 | 929,087,562 | 686,607,185 | |||||||
| Deposits | 1,549,447,060 | 1,432,490,642 | 1,551,142,503 | 1,378,994,890 | |||||||
| Stockholders’ Equity | 155,002,096 | 171,295,732 | 162,692,072 | 170,563,720 | |||||||
(Prepared internally with out evaluation by our impartial accountants)
