Dime Community Bancshares Reports 325% Increase In Q1 Earnings

(RTTNews) - Dime Community Bancshares (DCOM) reported earnings for its first quarter that climbed from last year.

The company said its bottom line totaled $50.04 million, or $1.36 per share. This was higher than $11.78 million, or $0.33 per share, in last year's first quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Dime Community Bancshares earnings at a glance:

-Earnings (Q1): $50.04 Mln. vs. $11.78 Mln. last year. -Earnings Growth (Y-o-Y): 324.8% -EPS (Q1): $1.36 vs. $0.33 last year. -EPS Growth (Y-o-Y): 312.1% -Analysts Estimate: $0.29