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North Dallas Bank & Trust Co. Announces Fourth Quarter Earnings of $1.04 per Share

DALLAS, Jan. 16, 2019 (GLOBE NEWSWIRE) -- North Dallas Bank & Trust Co. (NODB) announces net earnings of $2,665,918 or $1.04 per share for the three months ending December 31, 2018, compared to $2,528,495 or $0.98 per share for the same period in 2017 before adjustments for the 2017 Tax Cut and Jobs Act (TCJA). Net earnings for the year ending December 31, 2018 totaled $12,233,774 or $4.76 per share compared to $8,855,260 or $3.47 per share in 2017 before TCJA adjustments.  2017 net income after TCJA adjustments for three and twelve months were $28,176 or $0.01 per share, and $6,354,941 or $2.47 per share respectively. The annual shareholders’ meeting is scheduled for February 5, 2019 in Dallas, Texas.

North Dallas Bank & Trust Co. is an independent bank established in 1961 with current locations in Dallas, Plano, Irving, Frisco and Addison, Texas.  The earnings were prepared internally without review by the company’s independent accountants.  Earnings are the result of past performance, events and market conditions and are not a guarantee of future results.  Any forward-looking implications derived from this information may differ materially from actual results.  Please direct any questions to Glenn Henry, Executive Vice President and Chief Financial Officer.

Glenn Henry, SVP and CFO.