NYSE$DCOM

Dime Community Bancshares Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Dime Community Bancshares reported strong Q4 2022 results, with earnings per share increasing by 19% year-over-year.

Dime Community Bancshares reported a net income available to common stockholders of $38.2 million, or $0.99 per diluted common share, for the quarter ended December 31, 2022. Loan growth and strong non-interest income drove the positive results, while the company maintained prudent expense management and improved credit quality.

  • Total loans held for investment, net, increased by $450 million or 18% on an annualized basis versus the linked quarter.
  • Total business loan balances increased by $215 million or 43% on an annualized basis versus the linked quarter.
  • Non-interest income increased to $9.5 million during the fourth quarter of 2022, driven by customer-related loan swap revenue and SBA gain on sale revenue.
  • Credit quality continues to be strong with non-performing assets and loans 90 days past due and accruing declining by 22% versus the linked quarter and representing only 0.26% of total assets as of December 31, 2022.

Headline financials

Total Revenue

$106M

Previous: $102M+4.3%
EPS (adj)

$0.99

Previous: $0.84+17.9%
Net Interest Margin

3.1%

No prior period
Net Income

$40.1M

Previous: $35.4M+13.3%
Operating Income

$55.2M

Previous: $51.2M+7.9%
Gross Profit

$106M

Previous: $57M+86.3%
Cash & Equivalents

$169M

Previous: $394M-57.0%
Total Assets

$13.2B

Previous: $12.1B+9.3%
Stock-Based Comp

$1.05M

Previous: $1.52M-31.0%

Revenue & EPS history

Dime · Revenue · Quarterly

$106M

Q4 2022+4.3%vs Q4 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Dime · $8.35B total across 5 segments · Q4 2022

  • Multifamily Residential
    $4.03B
  • Commercial RE (Non-Owner)
    $3.32B
  • 1-4 Family Residential
    $773M
  • Acquisition & Construction
    $230M
  • Other Loans
    $7.68M

Forward guidance

The Company did not provide specific forward guidance in this earnings report.

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 Q4 2022

Historical avgQ4 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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