CORRECTION — North Dallas Bank & Trust Co. Announces Third Quarter Earnings

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

In a release issued earlier today under the same headline by North Dallas Bank & Trust Co., (OTC: NODB) please note that the word “Second” in the headline should instead read “Third”. The release follows:

DALLAS, Oct. 25, 2024 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $502,493 or $0.20 per share, and net earnings for nine months of $2,186,955 or $0.85 per share, for the periods ending September 30, 2024.

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 2024   2023   2024   2023
               
Interest Income 19,690,721     16,080,200     57,809,406     45,415,030  
Interest Expense 11,417,563     8,497,071     32,759,175     19,553,246  
Net Interest Income 8,273,158     7,583,129     25,050,231     25,861,784  
               
Provision for Loan Losses 0     0     (440,000 )   (450,000 )
Noninterest Income 1,546,280     1,947,351     4,384,215     4,659,259  
Noninterest Expenses (9,302,724 )   (8,767,533 )   (26,524,077 )   (25,989,503 )
Income Before Taxes & Extraordinary 516,714     762,947     2,470,369     4,081,540  
               
Income Tax (14,221 )   (95,021 )   (258,414 )   (679,355 )
Income Tax Prior Period (25,000 )   0     (25,000 )   0  
Net Income 502,493     667,926     2,186,955     3,402,185  
               
Earnings per Share 0.20     0.26     0.85     1.32  
               
          Nine Month Average
  As of September 30   Ended September 30
Balance Sheet 2024   2023   2024   2023
               
Total Assets 1,867,355,555     1,728,752,439     1,819,265,389     1,697,914,626  
Total Loans 1,211,656,001     1,133,317,827     1,206,729,021     1,057,729,435  
Deposits 1,543,618,454     1,468,335,323     1,503,472,762     1,472,027,210  
Stockholders’ Equity 170,479,567     160,495,368     166,294,611     160,534,861  
               
(Prepared internally without review by
our independent accountants)
               

Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.