Dime Community reports Q4 2023 EPS $0.37, net income $14.5M; deposits up $276M YoY

Dime Community Bancshares, Inc. /NY/

2023-FY EPS reported $2.29 revenue$16,437,000

Net income available to common stockholders $14.5M ($0.37 diluted EPS) vs $13.2M ($0.34) linked quarter, $38.2M ($0.99) Q4 2022.
Full-year 2023 net income $88.8M ($2.29 diluted EPS) vs $145.3M ($3.73) in 2022.
Total deposits grew $276M YoY to $10.53B; non-interest-bearing deposits averaged 29% of total deposits in Q4.
NIM narrowed to 2.29% from 2.34% linked quarter (5 bps decline) vs 16 bps decline in Q3; NIM compression slowed.
Credit quality remains stable: non-performing assets + loans 90+ days past due at 0.21% of total 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 0.95

Dime Community Bancshares, Inc. /NY/ reported the quarter ended December 31, 2023 results: net income $14.5 million, EPS $0.37 per diluted common share.

Period: the quarter ended December 31, 2023
Net income: $14.5 million
EPS: $0.37 per diluted common share
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2023, net income available to common stockholders was $14.5 million, or $0.37 per diluted common share, compared to $13.2 million, or $0.34 per diluted common share, for the quarter ended September 30, 2023, and $38.2 million, or $0.99 per diluted common share, for the quarter ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Dime Community Bancshares, Inc. /NY/ reported the year ended December 31, 2023 results: net income $88.8 million, EPS $2.29 per diluted common share.

Period: the year ended December 31, 2023
Net income: $88.8 million
EPS: $2.29 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 $88.8 million for the year ended December 31, 2023, or $2.29 per diluted common share, compared to net income available to common stockholders of $145.3 million for the year ended December 31, 2022, or $3.73 per diluted common share.

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Source: SEC EDGAR

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