Dime Community Q1 EPS up 12.2% YoY to $0.92; deposits grow $316M, dividend raised to $0.25

Dime Community Bancshares, Inc. /NY/

2023-Q1 EPS reported $0.92 revenue$3,814,000

Net income available to common of $35.5M, diluted EPS $0.92 vs $0.82 in Q1 2022 (12.2% increase).
Total deposits rose $316M to $10.57B; non-insured deposits ex pass-through/collateralized at 30% of total.
Net interest margin compressed to 2.74% from 3.19% YoY; adjusted NIM 2.76% excluding purchase accounting.
Quarterly cash dividend increased to $0.25/share from $0.24, payable April 24 to holders of record April 17.
Hired four deposit-focused groups from Signature Bank; Tier 1 risk-based capital ratio 10.39%, up 16 bps.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Dime Community Bancshares, Inc. /NY/ reported the quarter ended March 31, 2023 results: net income $35.5 million, EPS $0.92 per diluted common share.

Period: the quarter ended March 31, 2023
Net income: $35.5 million
EPS: $0.92 per diluted common share
Result: reported results

Exact text from the filing

today reported net income available to common stockholders of $35.5 million for the quarter ended March 31, 2023, or $0.92 per diluted common share

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Source: SEC EDGAR

accession 0000846617-23-000033

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