Dime Community Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 27, 2023 at 11:00 am
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Dime Community Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 96.8 million compared to USD 91.69 million a year ago. Net income was USD 40.06 million compared to USD 35.36 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.99 compared to USD 0.83 a year ago.
For the full year, net interest income was USD 379.86 million compared to USD 357.61 million a year ago. Net income was USD 152.56 million compared to USD 104 million a year ago. Basic earnings per share from continuing operations was USD 3.73 compared to USD 2.45 a year ago. Diluted earnings per share from continuing operations was USD 3.73 compared to USD 2.45 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. 
