Dime Community Bancshares Q1 adjusted earnings Beat Estimates

(RTTNews) - Dime Community Bancshares (DCOM) revealed a profit for first quarter that declined from the same period last year.

The company's earnings came in at $11.50 million, or $0.32 per share. This compares with $14.75 million, or $0.39 per share, in last year's first quarter.

Excluding items, Dime Community Bancshares reported adjusted earnings of $44.55 million or $0.32 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.1% to $35.32 million from $38.02 million last year.

Dime Community Bancshares earnings at a glance:

-Earnings (Q1): $44.55 Mln. vs. $12.22 Mln. last year. -EPS (Q1): $0.32 vs. $0.34 last year. -Analysts Estimate: $0.31 -Revenue (Q1): $35.32 Mln vs. $38.02 Mln last year.