DCOMP - Dime Community Bancshares Inc. (DCOM) Q1 2024 Earnings Call Transcript
2024-04-23 14:21:03 ET
Dime Community Bancshares, Inc. (DCOM)
Q1 2024 Earnings Conference Call
April 23, 2024, 09:00 AM ET
Company Participants
Stuart Lubow - President and CEO
Avinash Reddy - SVP and CFO
Conference Call Participants
Steve Moss - Raymond James
Gregory Zingone - Piper Sandler
Manuel Navas - D.A. Davidson & Co.
Christopher O'Connell - KBW
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Dime Community Bancshares First Quarter Earnings Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Stuart Lubow, President and CEO. Please go ahead.
Stuart Lubow
Thank you, Marvin. And thank you all for joining us this morning, for our first quarter earnings call.
With me today is Avi Reddy, our CFO. Dime has begun 2024, on solid footing and on a positive growth trajectory. In the first quarter, we grew core deposits by 19% on an annual basis, paid down our Federal Home Loan Bank borrowings by 41%, maintaining solid asset quality, increase our risk-based capital ratios, prudently managed expenses....
Dime Community Bancshares, Inc. (DCOM) Q1 2024 Earnings Call Transcript