secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dime Community Bancshares, Inc. /NY/ (DCOM)
CIK:        0000846617
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000846617-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dime Community Bancshares Q2 EPS $0.43, up 5% QoQ; NIM expands to 2.41%
-----------------------------------------------------------------------

- Net income available to common of $16.7M ($0.43 diluted) vs $0.41 in Q1 and $0.66 year ago.
- Net interest margin (NIM) expanded 20 bps to 2.41% QoQ, aided by $1.3M interest recovery from non-accrual loan.
- Core deposits (ex-brokered/time) grew $302M; business loans increased over $200M in the quarter.
- Completed subordinated debt offering raising $65M (gross), increasing Total Risk-Based Capital Ratio to 14.5%.
- Non-performing assets and loans 90+ days past due declined 29% vs prior quarter, representing 0.18% of total assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846617/000084661724000048/0000846617-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846617/000084661724000048/dcom-20240723x8k.htm
  HTML page:      https://secwatch.observer/filing/0000846617-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer