CORRECTION -- North Dallas Bank & Trust Co. Announces Third Quarter Earnings
North Dallas Bank & Trust Co. (OTC: NODB) reported its financial results for Q3 2024.
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Rhea-AI Summary
North Dallas Bank & Trust Co. (OTC: NODB) reported its financial results for Q3 2024. The bank achieved net earnings of $502,493, or $0.20 per share, for the three-month period ending September 30, 2024. For the nine-month period, the bank recorded net earnings of $2,186,955, or $0.85 per share. The earnings figures were prepared internally and have not been reviewed by independent accountants.
Positive
- Q3 2024 net earnings of $502,493
- Nine-month net earnings of $2,186,955
- Positive EPS of $0.20 for Q3 2024
- Nine-month EPS of $0.85
Negative
- None.
Details
News Market Reaction – NODB
The recorded move for NODB in the trading session of this news was -0.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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) | |||||||||||
Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com
FAQ
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