North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings

DALLAS, Jan. 17, 2025 (GLOBE NEWSWIRE) -- NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $1,267,720 or $0.49 per share, and net earnings for twelve months of $3,454,675 or $1.34 per share, for the year ending December 31, 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				Twelve Months Ended
	December 31				December 31
Income Statement	2024		2023		2024		2023

Interest Income	20,704,579		17,379,498		78,513,985		62,794,529
Interest Expense	11,295,939		9,488,902		44,055,113		29,042,148
Net Interest Income	9,408,640		7,890,596		34,458,872		33,752,381

Provision for Loan Losses	0		0		(440,000	)	(450,000	)
Noninterest Income	1,547,692		1,315,404		5,931,907		5,974,664
Noninterest Expenses	(9,482,520	)	(8,833,769	)	(36,006,598	)	(34,823,274	)
Income Before Taxes & Extraordinary	1,473,812		372,231		3,944,181		4,453,771

Income Tax	(206,092	)	2,926		(464,506	)	(676,429	)
Income Tax Prior Period	0		0		(25,000	)	0
Net Income	1,267,720		375,157		3,454,675		3,777,342

Earnings per Share	0.49		0.15		1.34		1.47

					Twelve Month Average
	As of December 31				Ended December 31

Balance Sheet	2024		2023		2024		2023

Total Assets	1,909,713,245		1,771,144,330		1,838,701,293		1,710,498,702
Total Loans	1,257,077,790		1,190,277,991		1,215,248,095		1,081,065,097
Deposits	1,631,526,035		1,480,179,142		1,526,545,610		1,475,393,497
Stockholders' Equity	171,158,049		163,995,395		167,445,594		160,824,549

(Prepared internally without review by
our independent accountants)