earnings
confidence high
sentiment positive
materiality 0.70
Dime Community Q1 2025 GAAP EPS $0.45; adjusted EPS $0.57; NIM 2.95%; core deposits up $1.35B YoY
Dime Community Bancshares, Inc. /NY/
2025-Q1 EPS reported
$0.45
revenue$4,643,000
- GAAP net income $19.6M ($0.45/diluted share) vs $15.9M ($0.41) a year ago; adjusted net income $24.7M ($0.57 adj. EPS), +67% YoY.
- Net interest margin expanded 16 bps QoQ to 2.95%; net interest income $94.2M vs $91.1M prior Q and $71.5M year ago.
- Core deposits (ex-brokered/time) rose $1.35B YoY; total deposits $11.61B; brokered deposits reduced to $285.6M from $897.1M year ago.
- Non-performing loans increased to $58.0M from $49.5M prior Q; credit provision was $9.6M vs $13.7M prior Q.
- Hired several senior execs including Tom Geisel and incoming CCO Robert Rowe; pension plan termination cost $7.2M pre-tax.