Dime Community Bancshares Q3 EPS $0.98, up 10% YoY; net interest income exceeds $100M

Dime Community Bancshares, Inc. /NY/

2022-Q3 EPS reported $2.74 revenue$12,261,000

Net income to common $37.7M ($0.98 diluted EPS) vs $0.94 in Q2 and $0.89 in Q3 2021.
Net interest income $100.4M, a record; NIM expanded 9 bps to 3.38%.
Loan originations $800.9M; loans held for investment (ex-PPP) grew 19% annualized linked quarter.
Cost of deposits increased only 23 bps despite 150 bps Fed hike; non-interest-bearing deposits ~37%.
Credit loss provision $6.6M (vs $44K in Q2) on macro forecast; NPAs stable at 0.34% of assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dime Community Bancshares, Inc. /NY/ reported the quarter ended September 30, 2022 results: net income $37.7 million, EPS $0.98 per diluted common share.

Period: the quarter ended September 30, 2022
Net income: $37.7 million
EPS: $0.98 per diluted common share
Result: reported results

Exact text from the filing

Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $37.7 million for the quarter ended September 30, 2022, or $0.98 per diluted common share

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Source: SEC EDGAR

accession 0000846617-22-000082

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