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Jun 30, 2021
Dime Q2 2021 Earnings Report
Net income increased significantly due to PPP loan sales and strong earnings.
Key Takeaways
Dime Community Bancshares reported a strong second quarter with a 295% increase in net income year-over-year. The company focused on enhancing its deposit franchise and successfully executed cost savings outlined in the merger transaction.
Non-interest-bearing deposits increased to 33.3% of total deposits.
Cost of deposits declined to 0.17%.
Tangible equity ratio increased to 8.29% due to PPP sale and strong earnings.
Non-performing assets declined by approximately 20%.
Dime
Dime
Dime Revenue by Segment
Revenue by Segment
Other Loans Revenue
CapyFin.comOther Short-Term Investments Revenue
CapyFin.com Forward Guidance
The effective tax rate for the remainder of 2021 is expected to be approximately 27.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income