Dime Community Q3 net income drops 49% linked quarter to $13.2M; adjusted EPS $0.56

Dime Community Bancshares, Inc. /NY/

2023-Q3 EPS reported $1.92 revenue$12,633,000

GAAP diluted EPS $0.34 vs. $0.66 in Q2 2023 and $0.98 in Q3 2022; adjusted EPS $0.56 excluding $8.9M pre-tax severance/equity losses.
Net interest income $76.5M, down 5% linked quarter; NIM compressed 16 bps to 2.34%.
Average total deposits grew $128M to $10.66B linked quarter; non-insured deposits 29% of total.
Non-performing assets declined 16% linked quarter to 0.17% of total assets; provision for credit losses $1.8M.
Tier 1 risk-based capital ratio improved 26 bps to 10.76%; quarterly dividend unchanged at $0.25 per share.

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, 2023 results: net income $13.2 million, EPS $0.34 per diluted common share.

Period: the quarter ended September 30, 2023
Net income: $13.2 million
EPS: $0.34 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 $13.2 million for the quarter ended September 30, 2023, or $0.34 per diluted common share

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Source: SEC EDGAR

accession 0000846617-23-000075

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