North Dallas Bank & Trust's Q3 profit rises on higher interest income
Overview
US community bank's Q3 net income and EPS rose year-over-year
Net interest income increased and interest expense declined in Q3
Total assets and loans declined, while stockholders' equity increased from a year ago
Outlook
Company did not provide specific guidance or outlook for future periods in its press release
Result Drivers
NET INTEREST INCOME - Q3 net interest income increased year-over-year
LOWER INTEREST EXPENSE - Q3 interest expense declined compared to a year earlier
NONINTEREST INCOME - Noninterest income rose in Q3 from the prior year
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $1.01 |
Reuters Recommended Reads
Oct 22 - Customers Bancorp Q3 net income rises on higher net interest income, deposit growth
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Oct 21 - Community Trust Bancorp's Q3 net interest income rises nearly 10%
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)