earnings
confidence high
sentiment negative
materiality 0.70
Dime Community Q3 net income $11.5M ($0.29/share), NIM expands to 2.50%, deposits up $389M
Dime Community Bancshares, Inc. /NY/
2024-Q3 EPS reported
$1.13
revenue$12,783,000
- Net income available to common stockholders $11.5M ($0.29 diluted EPS) vs $16.7M ($0.43) in Q2 2024 and $13.2M ($0.34) a year ago.
- Net interest margin improved to 2.50% from 2.41% linked quarter; net interest income $79.9M vs $75.5M in Q2.
- Total deposits increased $389M to $11.42B; core deposits (ex-brokered/time) rose $505M; loan-to-deposit ratio fell to 95.4%.
- Non-performing loans climbed to $49.5M from $24.8M prior quarter; credit loss provision $11.6M vs $5.6M in Q2.
- Tangible book value per share $25.22 (up from $24.87); dividend $0.25 per share maintained.