North Dallas Bank & Trust Co. Announces Third Quarter Earnings

Distributed by Globe Newswire
11th October 2022

DALLAS, Oct. 11, 2022 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.) (OTC: NODB), an independent community bank established in 1961, today announced net earnings of $2,406,349 or $0.94 per share for the three months ending September 30, 2022, compared to $2,151,043 or $0.84 per share for the same period in 2021. The increase in earnings is primarily due to loan growth experienced in 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.

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