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Jun 30, 2022
Dime Q2 2022 Earnings Report
Reported strong results with net income available to common stockholders increasing by 12% versus the prior quarter.
Key Takeaways
Dime Community Bancshares reported net income available to common stockholders of $36.7 million, or $0.94 per diluted common share, for the quarter ended June 30, 2022. The company experienced record core loan growth and net interest margin expansion.
Total loans held for investment, net, excluding PPP loans, increased by 18% on an annualized basis versus the linked quarter.
The net interest margin expanded by 10 basis points versus the linked quarter.
The cost of deposits remained well-controlled, increasing by only 5 basis points versus the linked quarter.
Credit quality continues to be strong with non-performing assets and loans 90 days past due and accruing remaining stable and representing only 0.30% of total assets as of June 30, 2022.
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
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income