DCOM FY 2023 Earnings Report — Dime Community Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Dime Community Bancshares, Inc.DCOM

FY 2023 Earnings

Reported February 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$646M	—	$477M	—	35.2%
Op. Income	$137M	—	$212M	—	-35.4%
Gross Margin	54.2%	—	86.4%	—	-32.2pp
Net Margin	14.9%	—	32.0%	—	-17.1pp
EPS (Diluted)	$2.29	—	$3.73	—	-38.6%
Free Cash Flow	$85M	—	$291M	—	-70.8%

Revenue Flow

Item	Amount
REVENUE	$646M
Cost of Revenue	$296M
GROSS PROFIT	$350M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$126M
SG&A Expenses	$133M
Other Expenses	$80M
Operating Expenses	$213M
Cost & Expenses	$509M
OPERATING INCOME	$137M
Interest Income	$609M
Interest Expense	$293M
Other Income/Expenses	$0
INCOME BEFORE TAX	$137M
Income Tax Expense	$41M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$7M
EBIT	$137M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$646M
Cost of Revenue	$296M
GROSS PROFIT	$350M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$126M
SG&A Expenses	$133M
Other Expenses	$80M
Operating Expenses	$213M
Cost & Expenses	$509M
OPERATING INCOME	$137M
Interest Income	$609M
Interest Expense	$293M
Other Income/Expenses	$0
INCOME BEFORE TAX	$137M
Income Tax Expense	$41M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$7M
EBIT	$137M
EBITDA	$144M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$7M
Stock-Based Compensation	$5M
Deferred Income Tax	$0
Other Non-Cash Items	$27M
Change in Working Capital	-$45M
OPERATING CASH FLOW	$91M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$114M
Sales/Maturities of Investments	$178M
Other Investing Activities	-$272M
NET CASH FROM INVESTING	-$214M
Net Debt Issuance	$181M
Common Stock Repurchased	-$947.0K
Common Dividends Paid	-$37M
Other Financing Activities	$276M
NET CASH FROM FINANCING	$411M
FREE CASH FLOW	$85M
Net Change in Cash	$288M

Balance Sheet

Item	Amount
Cash & Equivalents	$458M
Short-Term Investments	$886M
Net Receivables	$56M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$98M
Goodwill	$156M
Intangible Assets	$5M
Long-Term Investments	$11.5B
Tax Assets	$0
Other Non-Current Assets	$477M
TOTAL NON-CURRENT ASSETS	$12.2B
TOTAL ASSETS	$13.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.5B
TOTAL CURRENT LIABILITIES	$10.5B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$310M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$12.4B
Common Stock	$416.0K
Additional Paid-In Capital	$494M
Retained Earnings	$813M
Treasury Stock	-$98M
Accum. Other Comp. Income	-$92M
Other Equity	-$9M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$13.6B
Total Debt	$1.6B
Net Debt	$1.1B