North Dallas Bank & Trust Co. Announces First Quarter Earnings

Core Insights - NDBT reported net earnings of $1,307,716 or $0.51 per share for the three months ending March 31, 2025, showing a significant increase compared to the previous year [1][5]. Financial Performance - Interest income increased to $19,978,180 in 2025 from $18,722,387 in 2024, reflecting a growth of approximately 6.7% [5]. - Interest expense rose slightly to $10,515,928 in 2025 from $10,455,963 in 2024, indicating a marginal increase [5]. - Net interest income improved to $9,462,252 in 2025, up from $8,266,424 in 2024, marking an increase of about 14.5% [5]. - Noninterest income also saw an increase, reaching $1,531,050 in 2025 compared to $1,428,713 in 2024 [5]. - Noninterest expenses rose to $9,466,604 in 2025 from $8,453,319 in 2024, reflecting an increase of approximately 12% [5]. - Income before taxes and extraordinary items increased significantly to $1,526,698 in 2025 from $801,818 in 2024 [5]. - Net income for the period was $1,307,716, up from $714,685 in the previous year, representing an increase of about 82.7% [5]. - Earnings per share rose to $0.51 in 2025 from $0.28 in 2024, indicating a substantial growth [5]. Balance Sheet Highlights - Total assets increased to $1,877,362,025 in 2025 from $1,832,966,265 in 2024, showing a growth of approximately 2.4% [5]. - Total loans rose to $1,243,202,542 in 2025 from $1,199,991,678 in 2024, reflecting an increase of about 3.6% [5]. - Deposits increased to $1,594,703,504 in 2025 from $1,517,726,655 in 2024, marking a growth of approximately 5.1% [5]. - Stockholders' equity grew to $173,736,749 in 2025 from $164,835,517 in 2024, indicating an increase of about 5.4% [5].