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Sep 30, 2023
Dime Q3 2023 Earnings Report
Dime's performance was characterized by deposit growth, stabilization of non-interest-bearing deposits, and a slower pace of net interest margin compression.
Key Takeaways
Dime Community Bancshares reported a net income available to common stockholders of $13.2 million, or $0.34 per diluted common share, for Q3 2023. Excluding pre-tax adjustments, adjusted net income was $21.9 million, or $0.56 per diluted share.
Average total deposits increased to $10.66 billion.
Non-insured deposits represented 29% of total deposits.
Total net loans held for investment remained stable at $10.78 billion.
The pace of Net Interest Margin compression continued to slow in the third 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
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income