Dime Community Bancshares Q2 EPS $0.43, up from $0.41 in Q1 but down from $0.66
Dime Community Bancshares reported second-quarter 2024 results on July 23, 2024, with net income available to common stockholders of $16.7 million, or $0.43 per diluted share, up from $0.41 in the first quarter but down from $0.66 a year earlier. Net interest margin rose to 2.41% from 2.21%, while non-interest expense increased to $55.7 million, and the company's $74.8 million subordinated notes offering helped lift its total risk-based capital ratio to 14.5%. For shareholders, the sequential earnings gain came alongside a steep year-over-year decline in profit.
Key points
- Net income available to common stockholders was $16.7 million, or $0.43 per diluted share, for the quarter ended June 30, 2024, versus $15.9 million, or $0.41, in Q1 2024 and $25.7 million, or $0.66, in Q2 2023.
- Net interest income was $75.5 million, up from $71.5 million in Q1 2024 but down from $80.2 million in Q2 2023; net interest margin was 2.41% versus 2.21% in Q1 2024 and 2.50% in Q2 2023.
- Total non-interest expense was $55.7 million, compared with $52.5 million in Q1 2024 and $52.2 million in Q2 2023; the efficiency ratio was 63.8%.
- Subordinated notes offering, including an overallotment option exercised July 9, 2024, generated total gross proceeds of $74.8 million, lifting the total risk-based capital ratio to 14.5%.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.