DCOM - Dime Community Bancshares GAAP EPS of $0.99 misses by $0.01 revenue of $106.27M misses by $4.57M

• Dime Community Bancshares press release ( NASDAQ: DCOM ): Q4 GAAP EPS of $0.99 misses by $0.01 .
• Revenue of $106.27M (+4.3% Y/Y) misses by $4.57M .
• Total average deposits for the fourth quarter of 2022 were $10.4B, compared to $10.6B for the third quarter of 2022.
• The efficiency ratio was 47.7% during the fourth quarter of 2022, compared to 44.0% during the linked quarter and 49.9% during the fourth quarter of 2021.
• The reported effective tax rate for the fourth quarter of 2022 was 27.5%, compared to 28.1% for the third quarter of 2022, and 30.9% for the fourth quarter of 2021.
• A credit loss provision of $0.3M was recorded during the fourth quarter of 2022, compared to a credit loss provision of $6.6M during the third quarter of 2022, and a credit loss recovery of $132K during the fourth quarter of 2021.
• The allowance for credit losses as a percentage of total loans was 0.79% at December 31, 2022 as compared to 0.81% at September 30, 2022 and 0.91% at December 31, 2021.

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