Dime Community Bancshares Q1 2024 EPS $0.41, up 11% QoQ; core deposits up 19% annualized

Dime Community Bancshares, Inc. /NY/

2024-Q1 EPS reported $0.41 revenue$4,544,000

Net income available to common stockholders of $15.9M ($0.41 diluted EPS) vs $14.5M ($0.37) in Q4 2023.
Core deposits (ex brokered & time) grew $421M, annualized 19% from year-end; total deposits $10.90B.
FHLB advances reduced 41% to $773M; NIM stable at 2.21% (March NIM 2.23%).
Capital ratios improved: CET1 10.00%, Tier 1 RBC 11.11%; non-performing assets 0.26% of assets.
Recruited 34 bankers YTD; retained $0.25 dividend.

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 March 31, 2024 results: net income $15.9 million, EPS $0.41 per diluted common share.

Period: the quarter ended March 31, 2024
Net income: $15.9 million
EPS: $0.41 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 $15.9 million for the quarter ended March 31, 2024, or $0.41 per diluted common share, compared to $14.5 million, or $0.37 per diluted common share, for the quarter ended December 31, 2023, and $35.5 million, or $0.92 per diluted common share for the quarter ended March 31, 2023.

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Source: SEC EDGAR

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