Apr. 22 at 11:44 AM
$DCOM
Dime Community Bancshares reported Q1 2025 net income of
$19.6 million, or
$0.45 per diluted share, compared to a net loss of
$22.2 million in Q4 2024. Adjusted EPS reached
$0.57, showing a 36% increase quarter-over-quarter and 50% year-over-year.
Key highlights include:
Net interest margin expanded to 2.95%, up 16 basis points from previous quarter
Total deposits increased by
$717.0 million year-over-year
Core deposits grew by
$1.35 billion compared to previous year
Common Equity Tier 1 Ratio improved to 11.12%
The quarter included
$7.2 million in pre-tax expenses related to legacy pension plan termination. The company's loan portfolio maintained a weighted average rate of 5.25%, with total loans held for investment at
$10.87 billion. Non-performing loans increased to
$58.0 million, and the company recorded a credit loss provision of
$9.6 million.
