Stock Analysis
- United States
- /
- Banks
- /
- NasdaqGS:DCOM
Dime Community Bancshares Second Quarter 2024 Earnings: Beats Expectations
Dime Community Bancshares (NASDAQ:DCOM) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$81.7m (down 8.9% from 2Q 2023).
- Net income: US$16.7m (down 34% from 2Q 2023).
- Profit margin: 20% (down from 28% in 2Q 2023).
- EPS: US$0.43 (down from US$0.66 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dime Community Bancshares Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 2.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Dime Community Bancshares you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:DCOM
Dime Community Bancshares
Operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services.
Flawless balance sheet, good value and pays a dividend.