Dime Community Bancshares, Inc. Reports First Quarter 2025 EPS of $0.45; Adjusted EPS of $0.57
Dime Community Bancshares (NASDAQ: DCOM) reported Q1 2025 net income of $19.6 million, or $0.45 per diluted share, compared to a net loss of $22.2 million in Q4 2024. Adjusted EPS reached $0.57, showing a 36% increase quarter-over-quarter and 50% year-over-year.
Key highlights include:
- Net interest margin expanded to 2.95%, up 16 basis points from previous quarter
- Total deposits increased by $717.0 million year-over-year
- Core deposits grew by $1.35 billion compared to previous year
- Common Equity Tier 1 Ratio improved to 11.12%
The quarter included $7.2 million in pre-tax expenses related to legacy pension plan termination. The company's loan portfolio maintained a weighted average rate of 5.25%, with total loans held for investment at $10.87 billion. Non-performing loans increased to $58.0 million, and the company recorded a credit loss provision of $9.6 million.
Dime Community Bancshares (NASDAQ: DCOM) ha riportato un utile netto di 19,6 milioni di dollari nel primo trimestre 2025, pari a 0,45 dollari per azione diluita, rispetto a una perdita netta di 22,2 milioni di dollari nel quarto trimestre 2024. L'EPS rettificato ha raggiunto 0,57 dollari, con un incremento del 36% rispetto al trimestre precedente e del 50% su base annua.
Punti salienti:
- Il margine di interesse netto è salito al 2,95%, in aumento di 16 punti base rispetto al trimestre precedente
- I depositi totali sono aumentati di 717,0 milioni di dollari su base annua
- I depositi core sono cresciuti di 1,35 miliardi di dollari rispetto all’anno precedente
- Il Common Equity Tier 1 Ratio è migliorato al 11,12%
Il trimestre ha incluso spese ante imposte per 7,2 milioni di dollari relative alla cessazione del piano pensionistico storico. Il portafoglio prestiti della società ha mantenuto un tasso medio ponderato del 5,25%, con prestiti totali detenuti per investimento pari a 10,87 miliardi di dollari. I prestiti non performanti sono aumentati a 58,0 milioni di dollari e la società ha registrato una svalutazione per perdite su crediti di 9,6 milioni di dollari.
Dime Community Bancshares (NASDAQ: DCOM) reportó un ingreso neto de 19,6 millones de dólares en el primer trimestre de 2025, o 0,45 dólares por acción diluida, en comparación con una pérdida neta de 22,2 millones en el cuarto trimestre de 2024. El EPS ajustado alcanzó 0,57 dólares, mostrando un aumento del 36% trimestre a trimestre y del 50% interanual.
Aspectos destacados:
- El margen de interés neto se amplió a 2,95%, aumentando 16 puntos básicos respecto al trimestre anterior
- Los depósitos totales aumentaron 717,0 millones de dólares interanual
- Los depósitos básicos crecieron 1,35 mil millones de dólares en comparación con el año anterior
- El índice de Capital Común Tier 1 mejoró a 11,12%
El trimestre incluyó gastos antes de impuestos por 7,2 millones relacionados con la terminación del plan de pensiones heredado. La cartera de préstamos de la empresa mantuvo una tasa promedio ponderada del 5,25%, con préstamos totales para inversión de 10,87 mil millones de dólares. Los préstamos en mora aumentaron a 58,0 millones y la compañía registró una provisión para pérdidas crediticias de 9,6 millones de dólares.
Dime Community Bancshares (NASDAQ: DCOM)는 2025년 1분기 순이익으로 1,960만 달러, 희석 주당순이익 0.45달러를 보고했습니다. 이는 2024년 4분기 순손실 2,220만 달러와 비교됩니다. 조정 주당순이익(EPS)은 0.57달러로 전분기 대비 36%, 전년 동기 대비 50% 증가했습니다.
주요 내용은 다음과 같습니다:
- 순이자마진이 2.95%로 전분기 대비 16bp 상승
- 총 예금이 전년 대비 7억 1,700만 달러 증가
- 핵심 예금이 전년 대비 13억 5,000만 달러 증가
- 기본 자기자본비율(Common Equity Tier 1 Ratio)이 11.12%로 개선
이번 분기에는 기존 연금 계획 종료와 관련된 세전 비용 720만 달러가 포함되었습니다. 회사의 대출 포트폴리오는 가중 평균 금리 5.25%를 유지했으며, 투자용 총 대출은 108억 7천만 달러였습니다. 부실 대출은 5,800만 달러로 증가했고, 회사는 960만 달러의 신용 손실 충당금을 기록했습니다.
Dime Community Bancshares (NASDAQ: DCOM) a annoncé un bénéfice net de 19,6 millions de dollars au premier trimestre 2025, soit 0,45 dollar par action diluée, contre une perte nette de 22,2 millions au quatrième trimestre 2024. Le BPA ajusté a atteint 0,57 dollar, affichant une hausse de 36 % d’un trimestre à l’autre et de 50 % sur un an.
Points clés :
- La marge d’intérêt nette s’est élargie à 2,95 %, en hausse de 16 points de base par rapport au trimestre précédent
- Les dépôts totaux ont augmenté de 717,0 millions de dollars sur un an
- Les dépôts de base ont crû de 1,35 milliard de dollars par rapport à l’année précédente
- Le ratio Common Equity Tier 1 s’est amélioré à 11,12 %
Le trimestre a inclus des charges avant impôts de 7,2 millions liées à la cessation d’un régime de retraite ancien. Le portefeuille de prêts de la société a maintenu un taux moyen pondéré de 5,25 %, avec un total de prêts détenus pour investissement s’élevant à 10,87 milliards de dollars. Les prêts non performants ont augmenté à 58,0 millions, et l’entreprise a enregistré une provision pour pertes sur crédits de 9,6 millions de dollars.
Dime Community Bancshares (NASDAQ: DCOM) meldete für das erste Quartal 2025 einen Nettogewinn von 19,6 Millionen US-Dollar bzw. 0,45 US-Dollar je verwässerter Aktie, verglichen mit einem Nettoverlust von 22,2 Millionen US-Dollar im vierten Quartal 2024. Das bereinigte Ergebnis je Aktie (EPS) erreichte 0,57 US-Dollar, was einer Steigerung von 36 % gegenüber dem Vorquartal und 50 % gegenüber dem Vorjahr entspricht.
Wichtige Highlights:
- Die Nettozinsmarge stieg auf 2,95%, ein Anstieg um 16 Basispunkte gegenüber dem Vorquartal
- Die Gesamteinlagen erhöhten sich im Jahresvergleich um 717,0 Millionen US-Dollar
- Die Kern-Einlagen wuchsen im Vergleich zum Vorjahr um 1,35 Milliarden US-Dollar
- Die Common Equity Tier 1 Ratio verbesserte sich auf 11,12%
Im Quartal wurden Vorsteueraufwendungen in Höhe von 7,2 Millionen US-Dollar im Zusammenhang mit der Beendigung eines Altpensionsplans verbucht. Das Kreditportfolio des Unternehmens hielt eine gewichtete Durchschnittsrate von 5,25 %, mit Gesamtinvestitionskrediten von 10,87 Milliarden US-Dollar. Die notleidenden Kredite stiegen auf 58,0 Millionen US-Dollar, und das Unternehmen bildete eine Kreditverlustreserve von 9,6 Millionen US-Dollar.
- Net income improved to $19.6M from previous quarter's loss of $22.2M
- Adjusted EPS increased 36% quarter-over-quarter and 50% year-over-year
- Net interest margin expanded by 16 basis points to 2.95%
- Core deposits grew by $1.35B year-over-year
- Cost of total deposits declined by 19 basis points
- Non-performing loans increased to $58.0M from $49.5M in previous quarter
- Credit loss provision increased to $9.6M
- Incurred $7.2M in pre-tax expenses for pension plan termination
- Loan originations decreased to $71.5M from $187.5M in previous quarter
Insights
DCOM delivers strong Q1 with 50% YoY adjusted EPS growth, expanding NIM, and improved deposit mix despite rising non-performing loans.
Dime Community Bancshares reported substantial earnings improvement with Q1 2025 adjusted EPS of
The bank's funding profile strengthened considerably, with core deposits increasing by
DCOM's balance sheet repositioning has reduced reliance on wholesale funding, with FHLB advances decreasing to
The bank announced strategic hiring initiatives, including executives with experience at larger institutions like Sterling National Bank and M&T. These additions target growth in key markets including Manhattan, Long Island, and Queens.
Credit quality metrics warrant attention, with non-performing loans increasing to
Efficiency improved markedly, with the adjusted efficiency ratio at
Management highlighted future earnings catalysts including loan repricing opportunities beginning in the second half of 2025, potential benefits from anticipated Fed rate cuts, and continued business banking growth fueled by recent hiring.
Continued Growth in Core Deposits and Business Loans On a Year-over-Year Basis
Net Interest Margin Expands by 16 basis points on a Linked Quarter Basis to
HAUPPAUGE, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of
First quarter 2025 results included
Adjusted net income available to common stockholders (non-GAAP) totaled
Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Our first quarter results were marked by strong Net Interest Margin (“NIM”) expansion and continued progress in diversifying our balance sheet. Our enhanced earnings power and robust capital ratios position us well for future growth. As outlined below we have made a strong start to the year from a recruiting standpoint, and are poised to continue to add talented individuals and gain market share in the quarters ahead.”
Year-to-date Recruiting Update
- Hired Tom Geisel to Senior Executive Leadership Team. Mr. Geisel was instrumental in the growth and transformation of Sterling National Bank into a highly profitable
$30 billion institution; - Hired Robert Rowe as incoming Chief Credit Officer (experience includes Chief Credit Officer at Sterling National Bank and Chief Risk Officer at CIT); incumbent Chief Credit Officer Brian Teplitz to retire at the end of May 2025;
- Hired Jim LoGatto as an Executive Vice President to build Dime’s presence in Manhattan; Mr. LoGatto was previously the Director of US Private Banking at Israel Discount Bank of New York;
- Hired Toni Badolato as Group Leader to grow lending presence on Long Island; Ms. Badolato was previously with M&T;
- Hired George Taitt as Group Director and Amy Grandy as Associate Group Director to strengthen deposit presence in Queens; the Group was previously with the former Signature Bank and its successor, Flagstar Bank.
Highlights for the First Quarter of 2025 included:
- Total deposits increased
$717.0 million on a year-over-year basis; - Core deposits (excluding brokered and time deposits) increased
$1.35 billion on a year-over-year basis; - The ratio of average non-interest-bearing deposits to average total deposits for the first quarter was
29.5% ; - The cost of total deposits declined by 19 basis points versus the prior quarter;
- The net interest margin increased to
2.95% for the first quarter of 2025 compared to2.79% for the prior quarter; - The Company’s Common Equity Tier 1 Ratio increased to
11.12% at the end of the first quarter.
Management’s Discussion of Quarterly Operating Results
Net Interest Income
Net interest income for the first quarter of 2025 was
The table below provides a reconciliation of the reported net interest margin (“NIM”) and adjusted NIM excluding the impact of purchase accounting accretion on the loan portfolio.
| (Dollars in thousands) | Q1 2025 | Q4 2024 | Q1 2024 | ||||||||||
| Net interest income | $ | 94,213 | $ | 91,098 | $ | 71,530 | |||||||
| Purchase accounting amortization (accretion) on loans ("PAA") | (124 | ) | (1,268 | ) | (82 | ) | |||||||
| Adjusted net interest income excluding PAA on loans (non-GAAP) | $ | 94,089 | $ | 89,830 | $ | 71,448 | |||||||
| Average interest-earning assets | $ | 12,963,320 | $ | 12,974,958 | $ | 13,015,755 | |||||||
| NIM(1) | 2.95 | % | 2.79 | % | 2.21 | % | |||||||
| Adjusted NIM excluding PAA on loans (non-GAAP)(2) | 2.94 | % | 2.75 | % | 2.21 | % | |||||||
(1) NIM represents net interest income divided by average interest-earning assets.
(2) Adjusted NIM excluding PAA on loans represents adjusted net interest income, which excludes PAA amortization on acquired loans divided by average interest-earning assets.
Mr. Lubow commented, “While there has been a fair bit of volatility in the macroeconomic environment in recent weeks, Dime has multiple levers to grow our NIM over time.
- First, we have a significant loan repricing opportunity starting in the second half of 2025 that will continue through 2027, assuming current forecasted interest rate levels remain accurate.
- Second, and as demonstrated in the most recent rate cutting cycle, should the Federal Reserve cut short term rates in 2025 we anticipate a reduction in deposit costs, which will drive further NIM expansion.
- Finally, core deposit growth and a continued focus on business loan growth will benefit our NIM over time as we continue to grow customers and hire productive teams.”
Loan Portfolio
The ending weighted average rate (“WAR”) on the total loan portfolio was
Outlined below are loan balances and WARs for the quarter ended as indicated.
| March 31, 2025 | December 31, 2024 | March 31, 2024 | ||||||||||||||
| (Dollars in thousands) | Balance | WAR(1) | Balance | WAR(1) | Balance | WAR(1) | ||||||||||
| Loans held for investment balances at period end: | ||||||||||||||||
| Business loans(2) | $ | 2,788,848 | 6.55 | % | $ | 2,726,602 | 6.56 | % | $ | 2,327,403 | 6.90 | % | ||||
| One-to-four family residential, including condominium and cooperative apartment | 961,562 | 4.77 | 952,195 | 4.72 | 873,671 | 4.48 | ||||||||||
| Multifamily residential and residential mixed-use(3)(4) | 3,780,078 | 4.46 | 3,820,492 | 4.49 | 3,996,654 | 4.57 | ||||||||||
| Non-owner-occupied commercial real estate | 3,191,536 | 5.07 | 3,231,398 | 5.13 | 3,386,333 | 5.24 | ||||||||||
| Acquisition, development, and construction | 140,309 | 7.96 | 136,172 | 7.95 | 175,352 | 8.40 | ||||||||||
| Other loans | 6,402 | 10.39 | 5,084 | 10.51 | 5,170 | 7.10 | ||||||||||
| Loans held for investment | $ | 10,868,735 | 5.25 | % | $ | 10,871,943 | 5.26 | % | $ | 10,764,583 | 5.34 | % | ||||
(1) WAR is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total balance of loans in the category.
(2) Business loans include commercial and industrial loans and owner-occupied commercial real estate loans.
(3) Includes loans underlying multifamily cooperatives.
(4) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.
Outlined below are the loan originations, for the quarter ended as indicated.
| (Dollars in millions) | Q1 2025 | Q4 2024 | Q1 2024 | ||||||
| Loan originations | $ | 71.5 | $ | 187.5 | $ | 98.3 | |||
Deposits and Borrowed Funds
Period end total deposits (including mortgage escrow deposits) at March 31, 2025 were
Total Federal Home Loan Bank advances were
Non-Interest Income
Non-interest income was
Non-Interest Expense
Total non-interest expense was
Mr. Lubow commented, “Excluding the impact of the legacy Bridgehampton National Bank pension plan termination, first quarter expenses were well-controlled and in-line with our previous expectations.”
The ratio of non-interest expense to average assets was
The efficiency ratio was
Income Tax Expense
Income tax expense was
Credit Quality
Non-performing loans were
A credit loss provision of
Capital Management
Stockholders’ equity increased
The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of December 31, 2024. All risk-based regulatory capital ratios increased in the first quarter of 2025.
Dividends per common share were
Book value per common share was
Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was
Earnings Call Information
The Company will conduct a conference call at 8:30 a.m. (ET) on Tuesday, April 22, 2025, during which CEO Lubow will discuss the Company’s first quarter 2025 financial performance, with a question-and-answer session to follow.
Participants may access the conference call via webcast using this link: https://edge.media-server.com/mmc/p/cbadbvnq. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BIafdc630ea47c427ea6661eb613e46913. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.
A replay of the conference call and webcast will be available on-demand for 12 months at https://edge.media-server.com/mmc/p/cbadbvnq.
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over
(1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as “annualized," “anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions.
Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may affect demand for our products and reduce interest margins and the value of our investments; changes in government monetary or fiscal policies and actions may adversely affect our customers, cost of credit and overall result of operations; changes in deposit flows, the cost of funds, loan demand or real estate values may adversely affect the business of the Company; changes in the quality and composition of the Company’s loan or investment portfolios or unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general socio-economic conditions, public health emergencies, international conflict, inflation, and recessionary pressures, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates and may adversely affect our customers, our financial results and our operations; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; there may be difficulties or unanticipated expense incurred in the consummation of new business initiatives or the integration of any acquired entities; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and updates set forth in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
| Contact: Avinash Reddy | |
| Senior Executive Vice President – Chief Financial Officer | |
| 718-782-6200 extension 5909 |
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In thousands) | ||||||||||||
| March 31, | December 31, | March 31, | ||||||||||
| 2025 | 2024 | 2024 | ||||||||||
| Assets: | ||||||||||||
| Cash and due from banks | $ | 1,030,702 | $ | 1,283,571 | $ | 370,852 | ||||||
| Securities available-for-sale, at fair value | 710,579 | 690,693 | 859,216 | |||||||||
| Securities held-to-maturity | 631,334 | 637,339 | 589,331 | |||||||||
| Loans held for sale | 2,527 | 22,625 | 8,973 | |||||||||
| Loans held for investment, net: | ||||||||||||
| Business loans(1) | 2,788,848 | 2,726,602 | 2,327,403 | |||||||||
| One-to-four family and cooperative/condominium apartment | 961,562 | 952,195 | 873,671 | |||||||||
| Multifamily residential and residential mixed-use(2)(3) | 3,780,078 | 3,820,492 | 3,996,654 | |||||||||
| Non-owner-occupied commercial real estate | 3,191,536 | 3,231,398 | 3,386,333 | |||||||||
| Acquisition, development and construction | 140,309 | 136,172 | 175,352 | |||||||||
| Other loans | 6,402 | 5,084 | 5,170 | |||||||||
| Allowance for credit losses | (90,455 | ) | (88,751 | ) | (76,068 | ) | ||||||
| Total loans held for investment, net | 10,778,280 | 10,783,192 | 10,688,515 | |||||||||
| Premises and fixed assets, net | 33,650 | 34,858 | 44,501 | |||||||||
| Restricted stock | 66,987 | 69,106 | 74,346 | |||||||||
| BOLI | 389,167 | 290,665 | 352,277 | |||||||||
| Goodwill | 155,797 | 155,797 | 155,797 | |||||||||
| Other intangible assets | 3,644 | 3,896 | 4,753 | |||||||||
| Operating lease assets | 45,657 | 46,193 | 51,988 | |||||||||
| Derivative assets | 98,740 | 116,496 | 135,162 | |||||||||
| Accrued interest receivable | 56,044 | 55,970 | 55,369 | |||||||||
| Other assets | 94,574 | 162,857 | 110,012 | |||||||||
| Total assets | $ | 14,097,682 | $ | 14,353,258 | $ | 13,501,092 | ||||||
| Liabilities: | ||||||||||||
| Non-interest-bearing checking (excluding mortgage escrow deposits) | $ | 3,245,409 | $ | 3,355,829 | $ | 2,819,481 | ||||||
| Interest-bearing checking | 950,090 | 1,079,823 | 635,640 | |||||||||
| Savings (excluding mortgage escrow deposits) | 1,939,852 | 1,927,903 | 2,347,114 | |||||||||
| Money market | 4,271,363 | 4,198,784 | 3,440,083 | |||||||||
| Certificates of deposit | 1,121,068 | 1,069,081 | 1,555,157 | |||||||||
| Deposits (excluding mortgage escrow deposits) | 11,527,782 | 11,631,420 | 10,797,475 | |||||||||
| Non-interest-bearing mortgage escrow deposits | 88,138 | 54,715 | 101,229 | |||||||||
| Interest-bearing mortgage escrow deposits | 4 | 6 | 173 | |||||||||
| Total mortgage escrow deposits | 88,142 | 54,721 | 101,402 | |||||||||
| FHLBNY advances | 508,000 | 608,000 | 773,000 | |||||||||
| Other short-term borrowings | — | 50,000 | — | |||||||||
| Subordinated debt, net | 272,370 | 272,325 | 200,174 | |||||||||
| Derivative cash collateral | 85,230 | 112,420 | 132,900 | |||||||||
| Operating lease liabilities | 48,432 | 48,993 | 54,727 | |||||||||
| Derivative liabilities | 92,516 | 108,347 | 122,112 | |||||||||
| Other liabilities | 63,197 | 70,515 | 79,931 | |||||||||
| Total liabilities | 12,685,669 | 12,956,741 | 12,261,721 | |||||||||
| Stockholders' equity: | ||||||||||||
| Preferred stock, Series A | 116,569 | 116,569 | 116,569 | |||||||||
| Common stock | 461 | 461 | 416 | |||||||||
| Additional paid-in capital | 623,305 | 624,822 | 492,834 | |||||||||
| Retained earnings | 803,202 | 794,526 | 819,130 | |||||||||
| Accumulated other comprehensive loss ("AOCI"), net of deferred taxes | (39,045 | ) | (45,018 | ) | (85,466 | ) | ||||||
| Unearned equity awards | (12,909 | ) | (7,640 | ) | (10,191 | ) | ||||||
| Treasury stock, at cost | (79,570 | ) | (87,203 | ) | (93,921 | ) | ||||||
| Total stockholders' equity | 1,412,013 | 1,396,517 | 1,239,371 | |||||||||
| Total liabilities and stockholders' equity | $ | 14,097,682 | $ | 14,353,258 | $ | 13,501,092 | ||||||
(1) Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and Paycheck Protection Program (“PPP”) loans.
(2) Includes loans underlying multifamily cooperatives.
(3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands except share and per share amounts) | |||||||||||
| Three Months Ended | |||||||||||
| March 31, | December 31, | March 31, | |||||||||
| 2025 | 2024 | 2024 | |||||||||
| Interest income: | |||||||||||
| Loans | $ | 142,705 | $ | 148,000 | $ | 143,565 | |||||
| Securities | 11,323 | 10,010 | 7,880 | ||||||||
| Other short-term investments | 7,837 | 7,473 | 9,564 | ||||||||
| Total interest income | 161,865 | 165,483 | 161,009 | ||||||||
| Interest expense: | |||||||||||
| Deposits and escrow | 58,074 | 64,773 | 73,069 | ||||||||
| Borrowed funds | 8,381 | 8,542 | 14,697 | ||||||||
| Derivative cash collateral | 1,197 | 1,070 | 1,713 | ||||||||
| Total interest expense | 67,652 | 74,385 | 89,479 | ||||||||
| Net interest income | 94,213 | 91,098 | 71,530 | ||||||||
| Provision for credit losses | 9,626 | 13,715 | 5,210 | ||||||||
| Net interest income after provision | 84,587 | 77,383 | 66,320 | ||||||||
| Non-interest income: | |||||||||||
| Service charges and other fees | 4,643 | 3,942 | 4,544 | ||||||||
| Title fees | 98 | 226 | 133 | ||||||||
| Loan level derivative income | 61 | 491 | 406 | ||||||||
| BOLI income | 3,993 | 2,825 | 2,461 | ||||||||
| Gain on sale of Small Business Administration ("SBA") loans | 82 | 22 | 253 | ||||||||
| Gain on sale of residential loans | 32 | 83 | 77 | ||||||||
| Fair value change in equity securities and loans held for sale | 18 | 15 | (842 | ) | |||||||
| Net loss on sale of securities | — | (42,810 | ) | — | |||||||
| Gain on sale of other assets | — | 554 | 2,968 | ||||||||
| Other | 706 | 791 | 467 | ||||||||
| Total non-interest income (loss) | 9,633 | (33,861 | ) | 10,467 | |||||||
| Non-interest expense: | |||||||||||
| Salaries and employee benefits | 35,651 | 35,761 | 32,037 | ||||||||
| Severance | 76 | 1,254 | 42 | ||||||||
| Occupancy and equipment | 8,002 | 7,569 | 7,368 | ||||||||
| Data processing costs | 4,794 | 4,483 | 4,313 | ||||||||
| Marketing | 1,666 | 1,897 | 1,497 | ||||||||
| Professional services | 2,116 | 2,345 | 1,467 | ||||||||
| Federal deposit insurance premiums(1) | 2,047 | 2,116 | 2,239 | ||||||||
| Loss on extinguishment of debt | — | — | 453 | ||||||||
| Loss due to pension settlement | 7,231 | 1,215 | — | ||||||||
| Amortization of other intangible assets | 252 | 285 | 307 | ||||||||
| Other | 3,676 | 3,688 | 2,788 | ||||||||
| Total non-interest expense | 65,511 | 60,613 | 52,511 | ||||||||
| Income (loss) before taxes | 28,709 | (17,091 | ) | 24,276 | |||||||
| Income tax expense(2) | 7,251 | 3,322 | 6,585 | ||||||||
| Net income (loss) | 21,458 | (20,413 | ) | 17,691 | |||||||
| Preferred stock dividends | 1,822 | 1,821 | 1,821 | ||||||||
| Net income (loss) available to common stockholders | $ | 19,636 | $ | (22,234 | ) | $ | 15,870 | ||||
| Earnings (loss) per common share ("EPS"): | |||||||||||
| Basic | $ | 0.45 | $ | (0.54 | ) | $ | 0.41 | ||||
| Diluted | $ | 0.45 | $ | (0.54 | ) | $ | 0.41 | ||||
| Average common shares outstanding for diluted EPS | 42,948,690 | 40,767,161 | 38,255,559 | ||||||||
(1) Fourth quarter of 2024 included
(2) Fourth quarter of 2024 includes
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED SELECTED FINANCIAL HIGHLIGHTS (Dollars in thousands except per share amounts) | |||||||||||
| At or For the Three Months Ended | |||||||||||
| March 31, | December 31, | March 31, | |||||||||
| 2025 | 2024 | 2024 | |||||||||
| Per Share Data: | |||||||||||
| Reported EPS (Diluted) | $ | 0.45 | $ | (0.54 | ) | $ | 0.41 | ||||
| Cash dividends paid per common share | 0.25 | 0.25 | 0.25 | ||||||||
| Book value per common share | 29.58 | 29.34 | 28.84 | ||||||||
| Tangible common book value per share(1) | 25.94 | 25.68 | 24.72 | ||||||||
| Common shares outstanding | 43,799 | 43,622 | 38,932 | ||||||||
| Dividend payout ratio | 55.56 | % | (46.30 | ) | % | 60.98 | % | ||||
| Performance Ratios (Based upon Reported Net Income): | |||||||||||
| Return on average assets | 0.62 | % | (0.59 | ) | % | 0.51 | % | ||||
| Return on average equity | 6.04 | (6.02 | ) | 5.68 | |||||||
| Return on average tangible common equity(1) | 6.92 | (8.16 | ) | 6.64 | |||||||
| Net interest margin | 2.95 | 2.79 | 2.21 | ||||||||
| Non-interest expense to average assets | 1.90 | 1.76 | 1.52 | ||||||||
| Efficiency ratio | 63.1 | 105.9 | 64.0 | ||||||||
| Effective tax rate | 25.26 | (19.44 | ) | 27.13 | |||||||
| Balance Sheet Data: | |||||||||||
| Average assets | $ | 13,777,665 | $ | 13,759,002 | $ | 13,794,924 | |||||
| Average interest-earning assets | 12,963,320 | 12,974,958 | 13,015,755 | ||||||||
| Average tangible common equity(1) | 1,145,915 | 1,080,177 | 968,719 | ||||||||
| Loan-to-deposit ratio at end of period(2) | 93.6 | 93.0 | 98.8 | ||||||||
| Capital Ratios and Reserves - Consolidated:(3) | |||||||||||
| Tangible common equity to tangible assets(1) | 8.15 | % | 7.89 | % | 7.21 | % | |||||
| Tangible equity to tangible assets(1) | 8.99 | 8.71 | 8.09 | ||||||||
| Tier 1 common equity ratio | 11.12 | 11.06 | 10.00 | ||||||||
| Tier 1 risk-based capital ratio | 12.23 | 12.17 | 11.11 | ||||||||
| Total risk-based capital ratio | 15.71 | 15.65 | 13.78 | ||||||||
| Tier 1 leverage ratio | 9.46 | 9.38 | 8.48 | ||||||||
| Consolidated CRE concentration ratio(4) | 442 | 447 | 534 | ||||||||
| Allowance for credit losses/ Total loans | 0.83 | 0.82 | 0.71 | ||||||||
| Allowance for credit losses/ Non-performing loans | 155.85 | 179.37 | 218.42 | ||||||||
(1) See "Non-GAAP Reconciliation" tables for reconciliation of tangible equity, tangible common equity, and tangible assets.
(2) Total deposits include mortgage escrow deposits, which fluctuate seasonally.
(3) March 31, 2025 ratios are preliminary pending completion and filing of the Company’s regulatory reports.
(4) The Consolidated CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner-occupied commercial real estate, multifamily, and acquisition, development, and construction, divided by consolidated capital. The March 31, 2025 ratio is preliminary pending completion and filing of the Company’s regulatory reports.
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME (Dollars in thousands) | |||||||||||||||||||||||||
| Three Months Ended | |||||||||||||||||||||||||
| March 31, 2025 | December 31, 2024 | March 31, 2024 | |||||||||||||||||||||||
| Average | Average | Average | |||||||||||||||||||||||
| Average | Yield/ | Average | Yield/ | Average | Yield/ | ||||||||||||||||||||
| Balance | Interest | Cost | Balance | Interest | Cost | Balance | Interest | Cost | |||||||||||||||||
| Assets: | |||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||
| Business loans(1) | $ | 2,748,142 | $ | 45,047 | 6.65 | % | $ | 2,681,953 | $ | 46,791 | 6.94 | % | $ | 2,308,319 | $ | 39,224 | 6.83 | % | |||||||
| One-to-four family residential, including condo and coop | 962,046 | 11,069 | 4.67 | 943,319 | 11,061 | 4.66 | 886,588 | 9,770 | 4.43 | ||||||||||||||||
| Multifamily residential and residential mixed-use | 3,796,754 | 42,329 | 4.52 | 3,848,579 | 44,152 | 4.56 | 4,000,510 | 46,019 | 4.63 | ||||||||||||||||
| Non-owner-occupied commercial real estate | 3,214,758 | 41,326 | 5.21 | 3,265,906 | 42,865 | 5.22 | 3,371,438 | 44,776 | 5.34 | ||||||||||||||||
| Acquisition, development, and construction | 138,428 | 2,906 | 8.51 | 139,440 | 3,101 | 8.85 | 169,775 | 3,692 | 8.75 | ||||||||||||||||
| Other loans | 5,740 | 28 | 1.98 | 4,781 | 30 | 2.50 | 5,420 | 84 | 6.23 | ||||||||||||||||
| Securities | 1,372,563 | 11,323 | 3.35 | 1,455,449 | 10,010 | 2.74 | 1,578,330 | 7,880 | 2.01 | ||||||||||||||||
| Other short-term investments | 724,889 | 7,837 | 4.38 | 635,531 | 7,473 | 4.68 | 695,375 | 9,564 | 5.53 | ||||||||||||||||
| Total interest-earning assets | 12,963,320 | 161,865 | 5.06 | % | 12,974,958 | 165,483 | 5.07 | % | 13,015,755 | 161,009 | 4.98 | % | |||||||||||||
| Non-interest-earning assets | 814,345 | 784,044 | 779,169 | ||||||||||||||||||||||
| Total assets | $ | 13,777,665 | $ | 13,759,002 | $ | 13,794,924 | |||||||||||||||||||
| Liabilities and Stockholders' Equity: | |||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||
| Interest-bearing checking(2) | $ | 912,852 | $ | 4,164 | 1.85 | % | $ | 912,645 | $ | 5,115 | 2.23 | % | $ | 582,047 | $ | 1,223 | 0.85 | % | |||||||
| Money market | 4,076,612 | 31,294 | 3.11 | 3,968,793 | 33,695 | 3.38 | 3,359,884 | 30,638 | 3.67 | ||||||||||||||||
| Savings(2) | 1,970,338 | 14,185 | 2.92 | 1,905,866 | 14,828 | 3.10 | 2,368,946 | 22,810 | 3.87 | ||||||||||||||||
| Certificates of deposit | 973,108 | 8,431 | 3.51 | 1,126,859 | 11,135 | 3.93 | 1,655,882 | 18,398 | 4.47 | ||||||||||||||||
| Total interest-bearing deposits | 7,932,910 | 58,074 | 2.97 | 7,914,163 | 64,773 | 3.26 | 7,966,759 | 73,069 | 3.69 | ||||||||||||||||
| FHLBNY advances | 509,111 | 4,066 | 3.24 | 509,630 | 4,241 | 3.31 | 1,094,209 | 12,143 | 4.46 | ||||||||||||||||
| Subordinated debt, net | 272,341 | 4,302 | 6.41 | 272,311 | 4,301 | 6.28 | 200,188 | 2,553 | 5.13 | ||||||||||||||||
| Other short-term borrowings | 633 | 13 | 8.33 | 543 | — | — | 77 | 1 | 5.22 | ||||||||||||||||
| Total borrowings | 782,085 | 8,381 | 4.35 | 782,484 | 8,542 | 4.34 | 1,294,474 | 14,697 | 4.57 | ||||||||||||||||
| Derivative cash collateral | 104,126 | 1,197 | 4.66 | 99,560 | 1,070 | 4.28 | 130,166 | 1,713 | 5.29 | ||||||||||||||||
| Total interest-bearing liabilities | 8,819,121 | 67,652 | 3.11 | % | 8,796,207 | 74,385 | 3.36 | % | 9,391,399 | 89,479 | 3.83 | % | |||||||||||||
| Non-interest-bearing checking(2) | 3,322,583 | 3,396,457 | 2,909,776 | ||||||||||||||||||||||
| Other non-interest-bearing liabilities | 213,876 | 209,712 | 247,717 | ||||||||||||||||||||||
| Total liabilities | 12,355,580 | 12,402,376 | 12,548,892 | ||||||||||||||||||||||
| Stockholders' equity | 1,422,085 | 1,356,626 | 1,246,032 | ||||||||||||||||||||||
| Total liabilities and stockholders' equity | $ | 13,777,665 | $ | 13,759,002 | $ | 13,794,924 | |||||||||||||||||||
| Net interest income | $ | 94,213 | $ | 91,098 | $ | 71,530 | |||||||||||||||||||
| Net interest rate spread | 1.95 | % | 1.71 | % | 1.15 | % | |||||||||||||||||||
| Net interest margin | 2.95 | % | 2.79 | % | 2.21 | % | |||||||||||||||||||
| Deposits (including non-interest-bearing checking accounts)(2) | $ | 11,255,493 | $ | 58,074 | 2.09 | % | $ | 11,310,620 | $ | 64,773 | 2.28 | % | $ | 10,876,535 | $ | 73,069 | 2.70 | % | |||||||
(1) Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans.
(2) Includes mortgage escrow deposits.
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS (Dollars in thousands) | ||||||||||||
| At or For the Three Months Ended | ||||||||||||
| March 31, | December 31, | March 31, | ||||||||||
| Asset Quality Detail | 2025 | 2024 | 2024 | |||||||||
| Non-performing loans ("NPLs") | ||||||||||||
| Business loans(1) | $ | 21,944 | $ | 22,624 | $ | 18,213 | ||||||
| One-to-four family residential, including condominium and cooperative apartment | 3,763 | 3,213 | 3,689 | |||||||||
| Multifamily residential and residential mixed-use | — | — | — | |||||||||
| Non-owner-occupied commercial real estate | 31,677 | 22,960 | 15 | |||||||||
| Acquisition, development, and construction | 657 | 657 | 12,910 | |||||||||
| Other loans | — | 25 | — | |||||||||
| Total Non-accrual loans | $ | 58,041 | $ | 49,479 | $ | 34,827 | ||||||
| Total Non-performing assets ("NPAs") | $ | 58,041 | $ | 49,479 | $ | 34,827 | ||||||
| Total loans 90 days delinquent and accruing ("90+ Delinquent") | $ | — | $ | — | $ | — | ||||||
| NPAs and 90+ Delinquent | $ | 58,041 | $ | 49,479 | $ | 34,827 | ||||||
| NPAs and 90+ Delinquent / Total assets | 0.41 | % | 0.34 | % | 0.26 | % | ||||||
| Net charge-offs ("NCOs") | $ | 7,058 | $ | 10,611 | $ | 739 | ||||||
| NCOs / Average loans(2) | 0.26 | % | 0.39 | % | 0.03 | % | ||||||
(1) Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans.
(2) Calculated based on annualized NCOs to average loans, excluding loans held for sale.
DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION
(Dollars in thousands except per share amounts)
The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provides investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.
The following non-GAAP financial measures exclude pre-tax income and expenses associated with the fair value change in equity securities and loans held for sale, net loss (gain) on sale of securities and other assets, severance, the FDIC special assessment, loss on extinguishment of debt and loss due to pension settlement. The non-GAAP financial measures also include taxes related to the surrender of BOLI assets.
| Three Months Ended | |||||||||||||
| March 31, | December 31, | March 31, | |||||||||||
| 2025 | 2024 | 2024 | |||||||||||
| Reconciliation of Reported and Adjusted (non-GAAP) Net Income (Loss) Available to Common Stockholders | |||||||||||||
| Reported net income (loss) available to common stockholders | $ | 19,636 | $ | (22,234 | ) | $ | 15,870 | ||||||
| Adjustments to net income(1): | |||||||||||||
| Fair value change in equity securities and loans held for sale | (18 | ) | (15 | ) | 842 | ||||||||
| Net loss (gain) on sale of securities and other assets | — | 42,256 | (2,968 | ) | |||||||||
| Severance | 76 | 1,254 | 42 | ||||||||||
| FDIC special assessment | — | 126 | — | ||||||||||
| Loss on extinguishment of debt | — | — | 453 | ||||||||||
| Loss due to pension settlement | 7,231 | 1,215 | — | ||||||||||
| Income tax effect of adjustments noted above(1) | (2,237 | ) | (14,258 | ) | 518 | ||||||||
| BOLI tax adjustment(2): | — | 9,073 | — | ||||||||||
| Adjusted net income available to common stockholders (non-GAAP) | $ | 24,688 | $ | 17,417 | $ | 14,757 | |||||||
| Adjusted Ratios (Based upon Adjusted (non-GAAP) Net (Loss) Income as calculated above) | |||||||||||||
| Adjusted EPS (Diluted) | $ | 0.57 | $ | 0.42 | $ | 0.38 | |||||||
| Adjusted return on average assets | 0.77 | % | 0.56 | % | 0.48 | % | |||||||
| Adjusted return on average equity | 7.46 | 5.67 | 5.32 | ||||||||||
| Adjusted return on average tangible common equity | 8.68 | 6.52 | 6.18 | ||||||||||
| Adjusted non-interest expense to average assets | 1.68 | 1.68 | 1.50 | ||||||||||
| Adjusted efficiency ratio | 55.8 | 58.0 | 64.7 | ||||||||||
(1) Adjustments to net (loss) income are taxed at the Company's approximate statutory tax rate.
(2) Reflects income tax expense related to the taxable gain and MEC Tax on the surrender of legacy BOLI assets during the three months ended December 31, 2024.
The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):
| Three Months Ended | |||||||||||||
| March 31, | December 31, | March 31, | |||||||||||
| 2025 | 2024 | 2024 | |||||||||||
| Operating expense as a % of average assets - as reported | 1.90 | % | 1.76 | % | 1.52 | % | |||||||
| Severance | — | (0.04 | ) | — | |||||||||
| FDIC special assessment | — | — | — | ||||||||||
| Loss on extinguishment of debt | — | — | (0.01 | ) | |||||||||
| Loss due to pension settlement | (0.21 | ) | (0.04 | ) | — | ||||||||
| Amortization of other intangible assets | (0.01 | ) | — | (0.01 | ) | ||||||||
| Adjusted operating expense as a % of average assets (non-GAAP) | 1.68 | % | 1.68 | % | 1.50 | % | |||||||
The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):
| Three Months Ended | |||||||||||||
| March 31, | December 31, | March 31, | |||||||||||
| 2025 | 2024 | 2024 | |||||||||||
| Efficiency ratio - as reported (non-GAAP) (1) | 63.1 | % | 105.9 | % | 64.0 | % | |||||||
| Non-interest expense - as reported | $ | 65,511 | $ | 60,613 | $ | 52,511 | |||||||
| Severance | (76 | ) | (1,254 | ) | (42 | ) | |||||||
| FDIC special assessment | — | (126 | ) | — | |||||||||
| Loss on extinguishment of debt | — | — | (453 | ) | |||||||||
| Loss due to pension settlement | (7,231 | ) | (1,215 | ) | — | ||||||||
| Amortization of other intangible assets | (252 | ) | (285 | ) | (307 | ) | |||||||
| Adjusted non-interest expense (non-GAAP) | $ | 57,952 | $ | 57,733 | $ | 51,709 | |||||||
| Net interest income - as reported | $ | 94,213 | $ | 91,098 | $ | 71,530 | |||||||
| Non-interest income (loss) - as reported | $ | 9,633 | $ | (33,861 | ) | $ | 10,467 | ||||||
| Fair value change in equity securities and loans held for sale | (18 | ) | (15 | ) | 842 | ||||||||
| Net loss (gain) on sale of securities and other assets | — | 42,256 | (2,968 | ) | |||||||||
| Adjusted non-interest income (non-GAAP) | $ | 9,615 | $ | 8,380 | $ | 8,341 | |||||||
| Adjusted total revenues for adjusted efficiency ratio (non-GAAP) | $ | 103,828 | $ | 99,478 | $ | 79,871 | |||||||
| Adjusted efficiency ratio (non-GAAP) (2) | 55.8 | % | 58.0 | % | 64.7 | % | |||||||
(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.
(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income.
The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):
| March 31, | December 31, | March 31, | |||||||||||
| 2025 | 2024 | 2024 | |||||||||||
| Reconciliation of Tangible Assets: | |||||||||||||
| Total assets | $ | 14,097,682 | $ | 14,353,258 | $ | 13,501,092 | |||||||
| Goodwill | (155,797 | ) | (155,797 | ) | (155,797 | ) | |||||||
| Other intangible assets | (3,644 | ) | (3,896 | ) | (4,753 | ) | |||||||
| Tangible assets (non-GAAP) | $ | 13,938,241 | $ | 14,193,565 | $ | 13,340,542 | |||||||
| Reconciliation of Tangible Common Equity - Consolidated: | |||||||||||||
| Total stockholders' equity | $ | 1,412,013 | $ | 1,396,517 | $ | 1,239,371 | |||||||
| Goodwill | (155,797 | ) | (155,797 | ) | (155,797 | ) | |||||||
| Other intangible assets | (3,644 | ) | (3,896 | ) | (4,753 | ) | |||||||
| Tangible equity (non-GAAP) | 1,252,572 | 1,236,824 | 1,078,821 | ||||||||||
| Preferred stock, net | (116,569 | ) | (116,569 | ) | (116,569 | ) | |||||||
| Tangible common equity (non-GAAP) | $ | 1,136,003 | $ | 1,120,255 | $ | 962,252 | |||||||
| Common shares outstanding | 43,799 | 43,622 | 38,932 | ||||||||||
| Tangible common equity to tangible assets (non-GAAP) | 8.15 | % | 7.89 | % | 7.21 | % | |||||||
| Tangible equity to tangible assets (non-GAAP) | 8.99 | 8.71 | 8.09 | ||||||||||
| Book value per common share | $ | 29.58 | $ | 29.34 | $ | 28.84 | |||||||
| Tangible common book value per share (non-GAAP) | 25.94 | 25.68 | 24.72 | ||||||||||
FAQ
What was Dime Community Bancshares (DCOM) earnings per share in Q1 2025?
How much did DCOM's deposits grow year-over-year in Q1 2025?
What was DCOM's net interest margin in Q1 2025?
How did DCOM's loan portfolio perform in Q1 2025?
What was DCOM's Common Equity Tier 1 Ratio in Q1 2025?
