North Dallas Bank & Trust Co. Announces Second Quarter Earnings
July 08, 2022 at 03:57 pm
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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 brian.jensen@ndbt.com