North Dallas Bank & Trust Co. Announces Q3 Earnings
In a recent announcement by North Dallas Bank & Trust Co. (OTC: NODB), it was clarified that the word "Second" in a prior headline should read "Third". Let's delve into the details of their financial performance.
Overview of Earnings
NDBT, established as an independent community bank, proudly reports impressive net earnings for the third quarter. For the three-month period ending September 30, they achieved net earnings of $502,493, equating to $0.20 per share. Over the first nine months of the fiscal year, the bank's net income tallied up to $2,186,955, accomplishing an earnings per share of $0.85.
Details on Financial Results
The bank's financial results were internally prepared, reflecting the noteworthy past performance, events, and market conditions. It's important to note that these results are not a guarantee of future outcomes. With fluctuations in the financial landscape, outcomes may diverge significantly from past performances.
Insights into Earnings Performance
Glenn Henry, Chief Financial Officer of NDBT, is available for further inquiries regarding the bank's earnings and overall financial health. The bank remains committed to transparency in sharing their financial results with stakeholders.
About North Dallas Bank & Trust Co.
Founded in 1961, North Dallas Bank & Trust Co. has established itself as a prominent independent community bank. The bank operates five banking centers in various locations, providing a foundation for growth and community service. The headquarters, conveniently located at Preston Road and LBJ, offers both traditional banking and advanced online banking tools to enhance customer experiences. NDBT is a Member FDIC and equal housing lender.
Financial Highlights of Recent Quarter
In terms of the latest earnings report, North Dallas Bank's figures tell a robust financial story:
- Total Assets: $1,867,355,555
- Total Loans: $1,211,656,001
- Total Deposits: $1,543,618,454
- Stockholders' Equity: $170,479,567
Analysis of Income and Expenses
When evaluating the earnings performance:
- Interest Income: Reached as high as $19,690,721 for the quarter, with a total of $57,809,406 for the nine-months period.
- Interest Expense: Amounted to $11,417,563 in Q3, impacting the net interest income positively.
- Net Income: The bank realized $502,493 for Q3 and $2,186,955 year-to-date, affirming its profitability.
Future Outlook
As North Dallas Bank & Trust Co. progresses through the fiscal year, it remains focused on not only maintaining its financial health but also expanding its reach within the community. The bank is continually looking for innovative ways to enhance customer satisfaction while ensuring compliance with financial regulations. Stakeholders can anticipate continuous growth and strategic initiatives aimed at improving service delivery.
Frequently Asked Questions
What are the latest earnings of North Dallas Bank?
The latest net earnings reported were $502,493 for the third quarter, equating to $0.20 per share.
When does North Dallas Bank & Trust Co. publish its earnings?
NDBT publishes its earnings reports quarterly, sharing insights into its financial performance.
Who can I contact for more information regarding NDBT financials?
You can reach out to Glenn Henry, Chief Financial Officer, for inquiries about NDBT's earnings.
How long has North Dallas Bank been operating?
NDBT has been serving the community since its establishment in 1961.
Where is the headquarters of North Dallas Bank & Trust Co. located?
The headquarters is located at 12900 Preston Road, Dallas, Texas, providing core banking services to the community.
