{"id":839848,"date":"2025-04-22T07:18:03","date_gmt":"2025-04-22T11:18:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-community-bancshares-inc-reports-first-quarter-2025-eps-of-0-45-adjusted-eps-of-0-57\/"},"modified":"2025-04-22T07:18:03","modified_gmt":"2025-04-22T11:18:03","slug":"dime-community-bancshares-inc-reports-first-quarter-2025-eps-of-0-45-adjusted-eps-of-0-57","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-community-bancshares-inc-reports-first-quarter-2025-eps-of-0-45-adjusted-eps-of-0-57\/","title":{"rendered":"Dime Community Bancshares, Inc. Reports First Quarter 2025 EPS of $0.45; Adjusted EPS of $0.57"},"content":{"rendered":"
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\n Continued Growth in Core Deposits and Business Loans On a Year-over-Year Basis<\/strong>\n <\/p>\n

\n Net Interest Margin Expands by 16 basis points on a Linked Quarter Basis to 2.95%<\/strong>\n <\/p>\n

HAUPPAUGE, N.Y., April 22, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the \u201cCompany\u201d or \u201cDime\u201d), the parent company of Dime Community Bank (the \u201cBank\u201d), today reported net income available to common stockholders of $19.6 million for the quarter ended March 31, 2025, or $0.45 per diluted common share, compared to net loss available to common stockholders of $22.2 million, or $(0.54) per diluted common share, for the quarter ended December 31, 2024 and net income available to common stockholders of $15.9 million for the quarter ended March 31, 2024, or $0.41 per diluted common share.<\/p>\n

First quarter 2025 results included $7.2 million of pre-tax expenses related to the final settlements associated with the termination of the legacy Bridgehampton National Bank pension plan.<\/p>\n

Adjusted net income available to common stockholders (non-GAAP) totaled $24.7 million for the quarter ended March 31, 2025, an increase of 42% versus the prior quarter and an increase of 67% versus the quarter ended March 31, 2024 (see \u201cNon-GAAP Reconciliation\u201d tables at the end of this news release). Adjusted EPS (non-GAAP) totaled $0.57 per share for the quarter ended March 31, 2025, an increase of 36% versus the prior quarter and an increase of 50% versus the quarter ended March 31, 2024.<\/p>\n

Stuart H. Lubow, President and Chief Executive Officer (\u201cCEO\u201d) of the Company, stated, \u201cOur first quarter results were marked by strong Net Interest Margin (\u201cNIM\u201d) expansion and continued progress in diversifying our balance sheet. Our enhanced earnings power and robust capital ratios position us well for future growth. As outlined below we have made a strong start to the year from a recruiting standpoint, and are poised to continue to add talented individuals and gain market share in the quarters ahead.\u201d<\/p>\n

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\n Year-to-date Recruiting Update<\/u>
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