North Dallas Bank & Trust Co. Announces Second Quarter Earnings
DALLAS, July 08, 2022 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings of $2,223,054 or $0.87 per share for the three months ending June 30, 2022, compared to $1,880,378 or $0.73 per share for the same period in 2021. The increase in earnings is primarily due to loan growth experienced in the first half of 2022.
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 | Six Months Ended | |||||||||||||
| June 30 | June 30 | |||||||||||||
| Income Statement | 2022 | 2021 | 2022 | 2021 | ||||||||||
| Net Interest Income | 10,954,462 | 8,249,829 | 20,958,203 | 16,813,545 | ||||||||||
| Provision for Loan Losses | (1,100,000 | ) | (100,000 | ) | (1,850,000 | ) | (550,000 | ) | ||||||
| Noninterest Income | 1,538,901 | 1,342,957 | 3,060,949 | 2,565,458 | ||||||||||
| Noninterest Expenses | (8,638,388 | ) | (7,134,782 | ) | (16,742,209 | ) | (14,259,694 | ) | ||||||
| Income Before Taxes & Extraordinary | 2,754,975 | 2,358,004 | 5,426,943 | 4,569,309 | ||||||||||
| Income Tax | (531,921 | ) | (477,626 | ) | (1,069,799 | ) | (919,316 | ) | ||||||
| Income Before Extraordinary | 2,223,054 | 1,880,378 | 4,357,144 | 3,649,993 | ||||||||||
| Extraordinary | 0 | 0 | 0 | 0 | ||||||||||
| Net Income | 2,223,054 | 1,880,378 | 4,357,144 | 3,649,993 | ||||||||||
| Earnings per Share | 0.87 | 0.73 | 1.70 | 1.42 | ||||||||||
| Six Month Average | ||||||||||||||
| As of June 30 | Ended June 30 | |||||||||||||
| Balance Sheet | 2022 | 2021 | 2022 | 2021 | ||||||||||
| Total Assets | 1,728,270,804 | 1,591,942,505 | 1,722,033,798 | 1,530,778,505 | ||||||||||
| Total Loans | 969,600,433 | 695,415,018 | 911,467,409 | 683,164,494 | ||||||||||
| Deposits | 1,561,360,658 | 1,413,714,432 | 1,549,887,908 | 1,353,569,077 | ||||||||||
| Stockholders’ Equity | 157,357,150 | 169,742,352 | 164,415,092 | 170,237,949 | ||||||||||
| (Prepared internally without review by | ||||||||||||||
| our independent accountants) | ||||||||||||||
Media Contact:
Brian C. Jensen
972-716-7124
[email protected]
