Business
North Dallas Bank & Trust Co. Announces Second Quarter Earnings
North Dallas Bank & Trust Co. Announces Second Quarter Earnings.
About this update from North Dallas Bank & Trust Co. (tx)
[{"type":"text","content":"\n 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 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 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&#...