North Dallas Bank & Trust Co. Announces Third Quarter Earnings

Core Insights - NDBT reported net earnings of $2,153,174 or $0.84 per share for the three months ending September 30, 2025, and net earnings of $5,563,832 or $2.17 per share for the nine months ending September 30, 2025 [1][4]. Financial Performance - Interest income for the three months ended September 30, 2025, was $21,679,467, an increase from $19,690,721 in the same period of 2024 [4]. - Interest expense decreased to $10,511,837 for the three months ended September 30, 2025, compared to $11,417,563 in 2024 [4]. - Net interest income rose to $11,167,630 for the three months ended September 30, 2025, from $8,273,158 in 2024, reflecting a significant increase [4]. - Noninterest income for the three months was $1,415,333, slightly down from $1,546,280 in 2024 [4]. - Noninterest expenses increased to $9,671,275 from $9,302,724 in the same period of 2024 [4]. - The provision for loan losses was recorded at $(334,000) for the three months, indicating a positive adjustment compared to $0 in 2024 [4]. Balance Sheet Highlights - Total assets as of September 30, 2025, were $1,866,276,212, a slight decrease from $1,867,355,555 in 2024 [4]. - Total loans increased to $1,281,642,359 from $1,211,656,001 in the previous year [4]. - Deposits rose to $1,586,843,853 from $1,543,618,454 in 2024 [4]. - Stockholders' equity increased to $179,838,525 from $170,479,567 in 2024 [4].