Dime Community Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 06:08 am
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Dime Community Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 80.22 million compared to USD 93.51 million a year ago. Net income was USD 27.5 million compared to USD 38.49 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.94 a year ago.
For the six months, net interest income was USD 165.97 million compared to USD 182.62 million a year ago. Net income was USD 64.8 million compared to USD 73.02 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 1.76 a year ago. Diluted earnings per share from continuing operations was USD 1.58 compared to USD 1.76 a year ago.
Dime Community Bancshares, Inc. is a bank holding company. The Company is engaged in providing commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank (the Bank). It is engaged in providing full-service commercial and consumer banking services, including accepting time, savings and demand deposits from the businesses, consumers, and local municipalities. It also offers the Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) programs. In addition, it offers merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts as well as investment services through Dime Financial Services LLC. Through its title insurance subsidiary, the Bank acts as a broker for title insurance services. It operates 60 branch locations throughout Long Island and the New York City.
DIME COMMUNITY BANCSHARES, INC. 
