North Dallas Bank & Trust Co. Announces Third Quarter Earnings

NDBT posts higher profit and EPS, but results remain unaudited and assets shrink.

What the company is saying

North Dallas Bank & Trust Co. is reporting net earnings of $2,599,934 for the third quarter of 2026, or $1.01 per share, and $7,120,282 for the first nine months, or $2.77 per share. The announcement emphasizes year-over-year improvement in profitability, with higher net interest income and noninterest income, and lower interest expense and provision for credit losses. The company discloses that these results are internally prepared and have not been reviewed by independent accountants, directly addressing the reliability of the figures. Glenn Henry, Chief Financial Officer, is named as the contact for further information, reinforcing transparency. The tone is factual, with no forward-looking statements or promotional language. The release provides detailed income statement and balance sheet figures, but does not discuss drivers of expense increases or asset declines.

What the data suggests

Net income rose to $2,599,934 for the quarter and $7,120,282 for the nine months, up from $2,153,174 and $5,563,832 in the prior-year periods. Earnings per share increased to $1.01 for the quarter and $2.77 for the nine months, compared to $0.84 and $2.17. Net interest income climbed to $12,045,906 for the quarter and $34,730,525 for the nine months, while interest expense dropped to $9,163,713 and $28,302,570, respectively. Noninterest income increased to $1,887,639 for the quarter and $5,569,847 for the nine months. Noninterest expenses also rose, reaching $10,716,147 for the quarter and $31,303,064 for the nine months. Total assets declined to $1,816,454,626 from $1,866,276,212 year-over-year, and deposits fell slightly to $1,579,126,078 from $1,586,843,853. Stockholders' equity increased to $190,103,690 from $179,838,525, indicating improved capital strength. The figures are comprehensive, but unaudited, and the release does not attribute changes to specific operational or market factors.

Analysis

The announcement is a straightforward disclosure of quarterly and year-to-date financial results, with all key claims supported by detailed numerical data. There are no forward-looking statements, projections, or promotional language present. The release provides realised figures for net income, earnings per share, interest income and expense, noninterest income and expense, and balance sheet items, all with period-over-period comparisons. The absence of narrative inflation or exaggerated claims is notable; the tone is factual and restrained. The only caveat is that the results are unaudited, but this is clearly disclosed and does not affect the proportionality of the language. There is no mention of large capital outlays or long-dated benefits.

Risk flags

• ●The financial results are unaudited and prepared internally, increasing the risk that figures could be revised or adjusted once reviewed by independent accountants. This limits the reliability of the reported earnings and balance sheet metrics.
• ●Total assets and deposits both declined year-over-year, which may indicate underlying challenges in loan growth or deposit retention. If these trends persist, they could pressure future earnings and balance sheet strength.
• ●Noninterest expenses increased meaningfully for both the quarter and nine months, which could impact future profitability if not managed. The release does not explain the drivers behind higher expenses, leaving uncertainty about cost control.

Bottom line

NDBT delivered higher net income and earnings per share for both the quarter and year-to-date, supported by increased net interest and noninterest income and lower interest expense. Stockholders' equity improved, but total assets and deposits declined, which could signal growth challenges. The results are internally prepared and unaudited, so investors should treat these numbers as provisional until audited statements are released. Rising noninterest expenses and the lack of explanation for asset and deposit declines warrant attention. The most important takeaway is that while profitability is up, the quality and sustainability of these gains will be clearer only after audited results and more detail on underlying business trends.

Announcement summary

(OTC:NODB) North Dallas Bank & Trust Co. announced net earnings for the three months ended September 30, 2026 of $2,599,934, or $1.01 per share. Net earnings for the nine months ended September 30, 2026 were $7,120,282, or $2.77 per share. Interest income for the three months ended September 30, 2026 was $21,209,619, compared to $21,679,467 for the same period in 2025. Interest income for the nine months ended September 30, 2026 was $63,033,095, compared to $62,497,724 for the same period in 2025. Interest expense for the three months ended September 30, 2026 was $9,163,713, compared to $10,511,837 in 2025. Interest expense for the nine months ended September 30, 2026 was $28,302,570, compared to $31,538,242 in 2025. Net interest income for the three months ended September 30, 2026 was $12,045,906, compared to $11,167,630 in 2025. Net interest income for the nine months ended September 30, 2026 was $34,730,525, compared to $30,959,482 in 2025. Provision for credit losses for the three months ended September 30, 2026 was ($80,000), compared to ($334,000) in 2025. Provision for credit losses for the nine months ended September 30, 2026 was ($430,000), compared to ($440,000) in 2025. Noninterest income for the three months ended September 30, 2026 was $1,887,639, compared to $1,415,333 in 2025. Noninterest income for the nine months ended September 30, 2026 was $5,569,847, compared to $4,555,246 in 2025. Noninterest expenses for the three months ended September 30, 2026 were ($10,716,147), compared to ($9,671,275) in 2025. Noninterest expenses for the nine months ended September 30, 2026 were ($31,303,064), compared to ($28,447,278) in 2025. Income before taxes and extraordinary items for the three months ended September 30, 2026 was $3,137,398, compared to $2,577,688 in 2025. Income before taxes and extraordinary items for the nine months ended September 30, 2026 was $8,567,308, compared to $6,627,450 in 2025. Income tax for the three months ended September 30, 2026 was ($537,464), compared to ($424,514) in 2025. Income tax for the nine months ended September 30, 2026 was ($1,447,026), compared to ($1,063,618) in 2025. Net income for the three months ended September 30, 2026 was $2,599,934, compared to $2,153,174 in 2025. Net income for the nine months ended September 30, 2026 was $7,120,282, compared to $5,563,832 in 2025. Earnings per share for the three months ended September 30, 2026 were $1.01, compared to $0.84 in 2025. Earnings per share for the nine months ended September 30, 2026 were $2.77, compared to $2.17 in 2025. As of September 30, 2026, total assets were $1,816,454,626, compared to $1,866,276,212 as of September 30, 2025. For the nine months ended September 30, 2026, average total assets were $1,850,681,100, compared to $1,879,073,770 in 2025. As of September 30, 2026, total loans were $1,249,439,665, compared to $1,281,642,359 as of September 30, 2025. For the nine months ended September 30, 2026, average total loans were $1,274,799,417, compared to $1,261,606,605 in 2025. As of September 30, 2026, deposits were $1,579,126,078, compared to $1,586,843,853 as of September 30, 2025. For the nine months ended September 30, 2026, average deposits were $1,595,851,677, compared to $1,595,084,591 in 2025. As of September 30, 2026, stockholders' equity was $190,103,690, compared to $179,838,525 as of September 30, 2025. For the nine months ended September 30, 2026, average stockholders' equity was $187,170,786, compared to $175,639,405 in 2025. The financial results were prepared internally without review by the company’s independent accountants. Glenn Henry is the Chief Financial Officer and is available for further information.

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