---
schema_version: "secwatch.filing_event.v1"
accession: "0000846617-23-000053"
form_type: "8-K"
ticker: "DCOM"
cik: "0000846617"
company_name: "Dime Community Bancshares, Inc. /NY/"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:27:42.868470+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dime Community Bancshares Q2 EPS $0.66, down from $0.94 YoY; CEO O'Connor to step down, Lubow named successor

## Summary
- Net income $25.7M ($0.66 diluted EPS) vs $36.7M ($0.94) in Q2 2022; adjusted EPS $0.68.
- Net interest margin compressed to 2.50% from 3.29% YoY; net interest income $80.2M.
- Average deposits increased $150M linked quarter to $10.54B; non-insured deposits 28% of total.
- CEO Kevin O'Connor will step down Aug 31, 2023; President Stuart Lubow to become CEO.
- Credit quality strong: NPAs 0.20% of assets; Tier 1 risk-based capital ratio 10.50%.

## SEC filing metadata
- accession: 0000846617-23-000053
- form_type: 8-K
- ticker: DCOM
- cik: 0000846617
- company_name: Dime Community Bancshares, Inc. /NY/
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846617/000084661723000053/0000846617-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846617/000084661723000053/dcom-20230728x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000846617-23-000053
- JSON: https://secwatch.observer/filing/0000846617-23-000053.json
- Plain text: https://secwatch.observer/filing/0000846617-23-000053.txt

## Key facts
- Earnings Releases
  Dime Community Bancshares, Inc. /NY/ reported the quarter ended June 30, 2023 results: net income net income available to common stockholders of $25.7 million for the quarter ended June 30, 2023, EPS $0.66 per diluted common share.
  - Period: the quarter ended June 30, 2023
  - Net income: net income available to common stockholders of $25.7 million for the quarter ended June 30, 2023
  - EPS: $0.66 per diluted common share
  - Result: reported results
  source text: On July 28, 2023, Dime Community Bancshares, Inc. (the “Company”) issued a press release announcing its earnings for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/846617/000084661723000053/0000846617-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.