Dime Community Bancshares (DCOM) Tops Q2 EPS by 1c

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Dime Community Bancshares, Inc. Reports Record Quarterly Business Banking Originations of $200 Million, Representing a 1,325% Year-Over-Year Increase in Business Banking Originations

April 25, 2019 4:48 PM EDT

BROOKLYN, N.Y., April 25, 2019 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the Company or Dime or its), the parent company of Dime Community Bank (the Bank), today reported net income of $11.5 million for the quarter ended March 31, 2019, or $0.32 per diluted common share, compared with net income of $12.4 million for the quarter ended December 31, 2018, or $0.34 per diluted common share, and net income of $14.7 million for the quarter ended March 31, 2018, or $0.39 per diluted common share.

Kenneth J. Mahon, President and CEO of the Company, stated, The linked quarter decline in EPS was primarily... More