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Mar 31, 2022
Dime Q1 2022 Earnings Report
Net income increased and non-interest-bearing deposits grew, positioning the company favorably for rising interest rates.
Key Takeaways
Dime Community Bancshares reported a strong first quarter with net income available to common stockholders of $32.7 million, or $0.82 per diluted common share. The company saw an increase in non-interest-bearing deposits and a net interest margin expansion.
Non-interest-bearing deposits to total deposits ratio increased to 37.9%.
Cost of deposits declined to 0.10%.
Net interest margin expanded by 5 basis points versus the linked quarter.
Non-performing assets and loans 90 days past due and accruing declined and represented 0.31% of total assets.
Dime
Dime
Dime Revenue by Segment
Revenue by Segment
One-to-Four Family Residential Revenue
CapyFin.comMultifamily Residential Revenue
CapyFin.comNon-Owner-Occupied CRE Revenue
CapyFin.comAcquisition, Development, Construction Revenue
CapyFin.comOther Loans Revenue
CapyFin.com Forward Guidance
Management expects loan growth and non-interest income to pick up as the year progresses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income