DCOM's Mixed Q1: Strong Lending, Profit Growth Room

Dime Community Bancshares Q1 2022 earnings show mixed results: revenue surged 19% to $123.6M, beating estimates, but EPS missed by 3.6% at $0.74. Net interest income, 90% of revenue, jumped 19.1% to $112.3M, topping expectations. Despite top-line growth, EPS miss and slight dip in tangible book value left investors puzzled. Stock remained flat at $35.81. Over 5 years, revenue grew 14.4% compounded, accelerating to 18.2% annually. Tangible book value rose 5.3% yearly, projected to hit $30.56 in the next year, up 10.2%. DCOMs core lending strength is evident, but profit growth opportunities exist. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b7449b6b0c8c5f3e