Business
CORRECTION -- North Dallas Bank & Trust Co. Announces Third Quarter Earnings
CORRECTION -- North Dallas Bank & Trust Co. Announces Third Quarter Earnings.
About this update from North Dallas Bank & Trust Co. (tx)
[{"type":"text","content":"\n 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 NDBTFounded 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 ROADDALLAS, TEXAS        FINANCIAL HIGHLIGHTSThree Months Ended Nine Months Ended September 30 September 30Income Statement2024 2023 2024 2023        Interest Income19,690,721  16,080,200  57,809,406  45,415,030 Interest Expense11,417,563  8,497,071  32,759,175  19,553,246 Net Interest Income8,273,158  7,583,129  25,050,231  25,861,784         Provision for Loan Losses0  0  (440,000) (450,000)Noninterest Income1,546,280  1,947,351  4,384,...