Dime Community Q3 profit falls to $0.29 a share as net interest margin rises to 2.50%
Dime Community Bancshares reported third-quarter 2024 net income available to common stockholders of $11.5 million, or $0.29 per diluted share, down from $16.7 million, or $0.43, in the second quarter and $13.2 million, or $0.34, a year earlier. Net interest income and the net interest margin rose, but higher credit loss provisions and non-performing loans weighed on earnings, and management expects margin expansion and a relatively flat expense base in the fourth quarter.
Key points
- Net income available to common stockholders was $11.5 million, or $0.29 per diluted share, versus $0.43 in Q2 2024 and $0.34 in Q3 2023.
- Net interest income rose to $79.9 million from $75.5 million in Q2 2024, and net interest margin rose to 2.50% from 2.41%.
- Credit loss provision was $11.6 million versus $5.6 million in Q2 2024; non-performing loans were $49.5 million versus $24.8 million.
- Management expects continued net interest margin expansion in Q4 2024 and says it expects to keep the expense base relatively flat.
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 October 22, 2024.
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