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Dime Community (DCOM) Reports Q3 Earnings: What Key Metrics Have to Say
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Dime Community (DCOM - Free Report) reported $84.41 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.1%. EPS of $0.56 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of -2.58% over the Zacks Consensus Estimate of $86.65 million. With the consensus EPS estimate being $0.55, the EPS surprise was +1.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 59.7% compared to the 60.5% average estimate based on two analysts.
Net Interest Margin: 2.3% versus the two-analyst average estimate of 2.4%.
Average Balance - Total interest-earning assets: $12.98 billion versus $12.98 billion estimated by two analysts on average.
Net Interest Income: $76.48 million versus the two-analyst average estimate of $77.22 million.
BOLI income: $2.32 million versus the two-analyst average estimate of $2.18 million.
Loan level derivative income: $0.78 million versus $1.35 million estimated by two analysts on average.
Non-interest income- Other: $0.54 million versus the two-analyst average estimate of $0.58 million.
Service charges and other fees: $3.96 million versus the two-analyst average estimate of $4.55 million.
Total Non-Interest Income: $7.93 million versus the two-analyst average estimate of $9.92 million.
Shares of Dime Community have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Dime Community (DCOM) Reports Q3 Earnings: What Key Metrics Have to Say
Dime Community (DCOM - Free Report) reported $84.41 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.1%. EPS of $0.56 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of -2.58% over the Zacks Consensus Estimate of $86.65 million. With the consensus EPS estimate being $0.55, the EPS surprise was +1.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 59.7% compared to the 60.5% average estimate based on two analysts.
- Net Interest Margin: 2.3% versus the two-analyst average estimate of 2.4%.
- Average Balance - Total interest-earning assets: $12.98 billion versus $12.98 billion estimated by two analysts on average.
- Net Interest Income: $76.48 million versus the two-analyst average estimate of $77.22 million.
- BOLI income: $2.32 million versus the two-analyst average estimate of $2.18 million.
- Loan level derivative income: $0.78 million versus $1.35 million estimated by two analysts on average.
- Non-interest income- Other: $0.54 million versus the two-analyst average estimate of $0.58 million.
- Service charges and other fees: $3.96 million versus the two-analyst average estimate of $4.55 million.
- Total Non-Interest Income: $7.93 million versus the two-analyst average estimate of $9.92 million.
View all Key Company Metrics for Dime Community here>>>Shares of Dime Community have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.