NYSE$DCOM

Dime Community Bancshares Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong Q3 2022 results with earnings per share increasing by 10% year-over-year.

Dime Community Bancshares reported a net income available to common stockholders of $37.7 million, or $0.98 per diluted common share, for the quarter ended September 30, 2022. The company experienced robust loan originations and net interest margin expansion, driving net interest income growth. Deposit costs were well-controlled.

  • Total loans held for investment, net, excluding PPP loans, increased by 19% on an annualized basis versus the linked quarter.
  • The net interest margin expanded by 9 basis points versus the linked quarter.
  • The cost of deposits remained well-controlled, increasing by only 23 basis points compared to the 150 basis points change in the Federal Funds rate between July and September.
  • Credit quality continues to be strong with non-performing assets and loans 90 days past due and accruing remaining stable and representing only 0.34% of total assets as of September 30, 2022.

Headline financials

Total Revenue

$110M

Previous: $105M+5.0%
EPS (adj)

$0.95

Previous: $1.01-5.9%
Net Interest Margin

3.4%

No prior period
Efficiency Ratio

44.0%

Previous: 54.3%-19.0%
Loan to Deposit Ratio

96.5%

No prior period
Free Cash Flow

$39.5M

Previous: $38.4M+2.8%
Net Income

$39.5M

Previous: $38.4M+2.8%
Operating Income

$73.9M

Previous: $64M+15.4%
Gross Profit

$105M

Previous: $91.4M+14.6%
Cash & Equivalents

$313M

Previous: $629M-50.2%
Total Assets

$12.9B

Previous: $12.4B+4.2%
Stock-Based Comp

$1.06M

Previous: $1.54M-30.7%

Revenue & EPS history

Dime · Revenue · Quarterly

$110M

Q3 2022+5%vs Q3 2021
Beat estimate in 11 of 14 quarters(79%)
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

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 Q3 2022

Historical avgQ3 2022

+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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