Dime Community Bancshares Profit Drops 3% In Q2

(RTTNews) - Dime Community Bancshares (DCOM) announced earnings for second quarter that retreated compared to the same period last year.

The company said its profit declined to $11.21 million, or $0.30 per share. This was lower than $11.53 million, or $0.32 per share, in last year's second quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Dime Community Bancshares earnings at a glance:

-Earnings (Q2): $11.21 Mln. vs. $11.53 Mln. last year. -Earnings Decline (Y-o-Y): -2.8% -EPS (Q2): $0.30 vs. $0.32 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.32