Dime Community Bancshares Q1 Profit Retreats 11%

(RTTNews) - Dime Community Bancshares (DCOM) released earnings for first quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $11.16 million, or $0.30 per share. This was lower than $12.55 million, or $0.34 per share, in last year's first 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 (Q1): $11.16 Mln. vs. $12.55 Mln. last year. -Earnings Decline (Y-o-Y): -11.1% -EPS (Q1): $0.30 vs. $0.34 last year. -EPS Decline (Y-o-Y): -11.8% -Analysts Estimate: $0.32