secwatch.observer — SEC 8-K summary
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Issuer:     Dime Community Bancshares, Inc. /NY/ (DCOM)
CIK:        0000846617
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000846617-24-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dime Community Q3 net income $11.5M ($0.29/share), NIM expands to 2.50%, deposits up $389M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846617/000084661724000059/0000846617-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846617/000084661724000059/dcom-20241022x8k.htm
  HTML page:      https://secwatch.observer/filing/0000846617-24-000059

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