$NODB North Dallas Bank & Trust Co. Announces First Quarter EarningsPress Release | 04/08/2022
DALLAS, April 08, 2022 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.) (OTC: NODB), an independent community bank established in 1961, today announced net earnings of $2,134,090 or $0.83 per share for the three months ending March 31, 2022, compared to $1,769,615 or $0.69 per share for the same period in 2021. The increase in earnings is primarily due to loan growth experienced in the fourth quarter of 2021.
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
2022 2021
Net Interest Income 10,003,740 8,563,716
Provision for Loan Losses (750,000 ) (450,000 )
Noninterest Income 1,522,047 1,210,981
Noninterest Expenses (8,103,819 ) (7,113,392 )
Income Before Taxes & Extraordinary 2,671,968 2,211,305
Income Tax (537,878 ) (441,690 )
Income Before Extraordinary 2,134,090 1,769,615
Extraordinary 0 0
Net Income 2,134,090 1,769,615
Earnings per share 0.83 0.69
Three Month Average
Balance Sheet As of March 31 Ended March 31
2022 2021 2022 2021
Total Assets 1,721,552,043 1,534,391,870 1,694,253,652 1,483,858,828
Total Loans 897,738,044 689,262,541 879,536,104 680,348,843
Deposits 1,548,932,318 1,356,846,084 1,519,559,087 1,307,361,758
Stockholders' Equity 163,872,540 169,583,108 167,674,318 170,326,221
(Prepared internally without review by
our independent accountants)
Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com
