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Jun 30, 2024
Dime Q2 2024 Earnings Report
Dime's performance was marked by strong core deposit growth, expansion of net interest margin, and increased business loans.
Key Takeaways
Dime Community Bancshares reported a net income available to common stockholders of $16.7 million, or $0.43 per diluted common share, for the quarter ended June 30, 2024. Core deposit growth and business loan increases drove positive results, with the total risk-based capital ratio reaching 14.5%.
Core deposits increased by $302.4 million compared to the first quarter of 2024.
Business loans increased by over $200 million versus the prior quarter.
Net interest margin increased to 2.41% for the second quarter of 2024.
Non-performing assets and loans 90 days past due declined by 29% versus the prior quarter.
Dime
Dime
Dime Revenue by Segment
Revenue by Segment
Business Loans Revenue
CapyFin.comOne-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.comSecurities Revenue
CapyFin.comOther Short-Term Investments Revenue
CapyFin.com Forward Guidance
The effective tax rate for the third quarter of 2024 is expected to be approximately 27%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income