Shares of regional bank Dime Community Bancshares (NASDAQ:DCOM) jumped 3.2% in the morning session after the company reported strong second-quarter results that surpassed analyst expectations for both profit and revenue. The bank's net income increased significantly to approximately $27.9 million, or $0.64 per share, marking a 49% jump compared to the same period in the previous year. This performance edged out the consensus analyst estimate of $0.63 per share, while revenue also surpassed forecasts. Key factors contributing to the positive results included a substantial $1.21 billion year-over-year growth in core deposits and an improved net interest margin. Net interest margin is a key profitability metric for banks that measures the difference between interest earned on loans and interest paid on deposits.
Regional bank Dime Community Bancshares (NASDAQ:DCOM) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 25.5% year on year to $109.5 million. Its non-GAAP profit of $0.64 per share was 2.6% above analysts’ consensus estimates.
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Regional bank Dime Community Bancshares (NASDAQ:DCOM) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 26.6% year on year to $103.8 million. Its non-GAAP profit of $0.57 per share was in line with analysts’ consensus estimates.
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DCOM stock results show that Dime Community Bancshares missed analyst estimates for earnings per share but beat on revenue for the second quarter of 2024.
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DCOM stock results show that Dime Community Bancshares beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.
