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Dec 31, 2023
Dime Q4 2023 Earnings Report
Dime Community Bancshares' Q4 2023 results reflected stabilization in the non-interest-bearing deposit base, a slowdown in net interest margin compression, growth in capital ratios, and stable asset quality.
Key Takeaways
Dime Community Bancshares reported a net income available to common stockholders of $14.5 million, or $0.37 per diluted common share, for the quarter ended December 31, 2023. The results included $1.0 million of pre-tax expense related to the FDIC special assessment.
Total deposits increased by $276 million year-over-year.
Average non-interest-bearing deposits to average total deposits was 29% for the fourth quarter.
The pace of NIM compression continued to slow.
Loan originations increased to $195.9 million for the fourth quarter of 2023.
Forward Guidance
Dime Community Bancshares has strategically positioned its balance sheet to benefit from projected Federal Reserve rate cuts in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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