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Mar 31, 2023
Dime Q1 2023 Earnings Report
Dime Community Bancshares' first quarter 2023 results were reported, with earnings per share increasing by 12.2% year-over-year and total deposits increasing by $316 million versus year-end 2022.
Key Takeaways
Dime Community Bancshares reported a strong first quarter in 2023, marked by a 12.2% increase in earnings per share compared to the previous year. The company also saw growth in deposits and increased liquidity and regulatory capital ratios.
Earnings per share increased by 12.2% year-over-year.
Total deposits increased by $316 million versus year-end 2022.
Cash and due from banks was $663 million, a $494 million increase versus year-end.
Non-interest expense to average assets improved to 1.41%.
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Visualization of income flow from segment revenue to net income