secwatch.observer — SEC 8-K summary
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Issuer:     Dime Community Bancshares, Inc. /NY/ (DCOM)
CIK:        0000846617
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000846617-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846617/000084661723000075/0000846617-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846617/000084661723000075/dcom-20231019x8k.htm
  HTML page:      https://secwatch.observer/filing/0000846617-23-000075

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