Dime Community Bancshares Q4 Profit Rises - Quick Facts

(RTTNews) - Dime Community Bancshares Inc. (DCOM) reported fourth-quarter net income of $10.3 million or $0.29 per share, compared to $6.7 million or $0.19 per share last year.

Excluding items, net income would have been $0.29 per share for the quarter ended December 31, 2013, compared to $0.37 per share last year.

On average, 8 analysts polled by Thomson Reuters expected the company to report profit of $0.29 for the quarter. Analysts' estimates typically exclude special items.

Net interest income rose to $30.8 million from $8.6 million last year. Non-interest income declined to $1.8 million from $16.5 million in the previous quarter, due primarily to lower fees collected on portfolio loans.