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

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

Distributed by Globe Newswire
25th October 2024

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)