Dime Community Bancshares, Inc. (NASDAQ:DCOM) Q4 2022 Earnings Conference Call January 27, 2022 8:30 AM ET
Company Participants
Kevin O’Connor - CEO
Stu Lubow - President & COO
Avi Reddy - CFO
Conference Call Participants
Mark Fitzgibbon - Piper Sandler
Steve Moss - Raymond James
Matthew Breese - Stephens Inc.
Manuel Navas - D.A. Davidson
Chris O'Connell – KBW
Operator
Good morning or good afternoon all and welcome to the Dime Community Bancshares, Inc. Fourth Quarter Earnings Call. My name is Adam, and I'll be your operator for today. [Operator Instructions]
Before we begin, the company would like to remind you that discussions during this call contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contained in any such statements including and set forth in today’s press release and the company filings with the U.S. Securities and Exchange Commission to which we’ll refer you.
During this call, references will be made to non-GAAP financial measures as supplemental measures to review and assess operating performance. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the U.S. GAAP. The information about these non-GAAP measures and for reconciliation to GAAP, please refer today’s earnings release.
I will now hand over to Kevin O’Connor to begin. Mr. Kevin, please go ahead when you are ready.
Kevin O’Connor
Good morning. Thank you, Adam, and thank you all for joining us this morning. With me today are Stu Lubow, President and Chief Operating Officer; and Avi Reddy, our CFO.
We are pleased to report another strong quarter for Dime. But before we get into the quarter results, I want to take a moment to comment on our full year performance. 2022 was a very successful year for Dime. And our strong and consistent performance throughout the year reflects the power of our commercially focused community bank model and our dominant market share on Greater Long Island. For the full year, we reported over $145 million in net income and EPS of $3.73 dollars per share. Our return on assets for the four quarters of 2022 were 1.13%, 1.27%, 1.26% and 1.23%. Stable results during this rapidly rising and unprecedented interest rate environment.