NYSE$DCOM

Dime Community Bancshares Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Bridge Bancorp, Inc. net income for the second quarter of 2020 was comparable with the second quarter of 2019.

Bridge Bancorp, Inc. reported a net income of $10.7 million, or $0.54 per diluted share, for the second quarter of 2020. Adjusted pre-tax pre-provision net revenue increased by $3.9 million compared to both the first quarter of 2020 and the second quarter of 2019. Net interest income increased by $4.9 million over the second quarter of 2019, reaching $40.4 million.

  • Net income for the 2020 second quarter of $10.7 million, or $0.54 per diluted share.
  • Adjusted pre-tax pre-provision net revenue was $20.9 million, an increase of $3.9 million over both the 2020 first quarter and 2019 second quarter.
  • Net interest income for the 2020 second quarter increased $4.9 million over the 2019 second quarter to $40.4 million, with a tax-equivalent net interest margin of 3.00%.
  • Total assets of $6.2 billion at June 30, 2020, 30% higher than June 30, 2019.

Headline financials

Total Revenue

$42.7M

Previous: $41M+4.1%
EPS (adj)

$0.39

Previous: $0.36+8.3%
Net Interest Margin

3.0%

No prior period
Efficiency Ratio

57.2%

No prior period
TCE to Tangible Assets

6.5%

No prior period
NPAs to Total Assets

0.1%

No prior period
ROA

0.7%

No prior period
ROE

8.6%

No prior period
Capital Expenditures

-$2.47M

Previous: -$1.08M-128.2%
Free Cash Flow

$8.19M

Previous: $9.57M-14.4%
Net Income

$10.7M

Previous: $10.7M+0.0%
Operating Income

$20M

Previous: $19.2M+3.9%
Gross Profit

$33.2M

Previous: $36.9M-10.1%
Cash & Equivalents

$490M

Previous: $159M+208.7%
Total Assets

$6.15B

Previous: $4.71B+30.5%
Stock-Based Comp

$1.33M

Previous: $894K+49.1%

Revenue & EPS history

Dime · Revenue · Quarterly

$42.7M

Q2 2020+4.1%vs Q2 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Dime · $143M total across 6 segments · Q3 2023

  • Multifamily Residential
    $46.1M
  • Commercial RE (Non-Owner)
    $44.2M
  • Business Loans
    $38.4M
  • 1-4 Family Residential
    $9.17M
  • Acquisition & Construction
    $5.08M
  • Other Loans
    $88K

Forward guidance

The Company estimates it will record income tax at an effective tax rate of approximately 22.7% for the remainder of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.1%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+8.5%

Q4 2025

Best reaction

-9.5%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+0.9%+2.7%
Q4 2025+8.5%+9.9%+13.8%
Q3 2025-0.7%-3.9%+4.7%
Q2 2025-0.8%-3.8%+3.7%
Q1 2025+2.8%+2.0%+0.4%
Q4 2024-2.4%-3.1%-3.7%
Q3 2024+3.2%+1.1%+19.8%
Q2 2024+0.4%+6.6%-2.7%
Q1 2024+1.7%+0.1%-1.1%
Q4 2023-1.3%-9.0%-23.9%
Q3 2023-8.3%-9.4%+5.0%
Q2 2023+3.4%+4.6%-2.6%
Q1 2023+1.7%-7.0%-12.3%
Q4 2022-8.2%-5.6%-7.8%
Q3 2022+4.3%-0.8%+5.1%
Q2 2022+5.9%+3.3%-0.2%
Q1 2022-9.5%-4.7%-8.7%
Q4 2021-0.4%-2.5%-2.5%
Q3 2021+7.6%+9.9%+1.6%
Q2 2021-2.0%-0.5%+0.3%
Q1 2021+0.4%+2.0%+4.4%
Q4 2020-2.3%-1.7%-1.1%
Q3 2020-7.6%-3.0%+20.5%
Q2 2020+3.3%+0.4%+11.3%
Q1 2020-0.7%-4.5%+2.2%
Q4 2019+0.3%-3.0%-12.9%
Q3 2019+6.5%+8.5%+8.7%
Q2 2019+0.8%+1.4%-8.7%
Q1 2019+0.6%+1.5%-5.6%
Q4 2018+1.0%+8.8%+18.0%
Q3 2018+3.1%+2.0%+1.8%
Q2 2018+3.9%+3.5%+2.2%
Q1 2018+0.0%+0.0%+10.1%
Q4 2017+0.3%-1.8%-4.8%
Q3 2017+5.6%+1.7%-1.1%
Q2 2017-2.6%-1.5%-5.2%
Q1 2017-2.7%-2.7%-8.5%
Q4 2016-0.4%-1.8%-1.2%
Q3 2016+1.8%-0.7%+21.1%
Q2 2016+0.0%-3.6%-0.0%
Q1 2016-1.7%
Q4 2015+2.7%
Q3 2015+3.7%
Q2 2015-3.0%
Q1 2015-1.1%
Q4 2014-2.3%
Q3 2014+1.5%
Q2 2014-2.1%
Q1 2014-1.2%
Q4 2013+0.2%
Q3 2013+0.8%
Q2 2013-4.2%
Q1 2013+1.1%
Q4 2012-1.0%
Q3 2012-0.6%
Q2 2012-0.5%
Q1 2011+0.5%
Q1 2012+3.3%
Q4 2009+2.7%
Q4 2011+2.7%
Q4 2010+2.7%
Q3 2010+0.6%
Q3 2011+0.6%
Q2 2011-1.7%
Q2 2010-1.7%
Q1 2010+4.3%

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