HAUPPAUGE, N.Y. (AP) — HAUPPAUGE, N.Y. (AP) — Dime Community Bancshares, Inc. (DCOM) on Friday reported fourth-quarter earnings of $16.3 million.
The Hauppauge, New York-based bank said it had earnings of 37 cents per share. Earnings, adjusted for non-recurring costs, came to 39 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The bank holding company posted revenue of $167.6 million in the period. Its revenue net of interest expense was $83 million, exceeding Street forecasts.
For the year, the company reported profit of $96.1 million, or $2.29 per share. Revenue was reported as $352.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCOM at https://www.zacks.com/ap/DCOM