Dime Community Bancshares (DCOM) reported record third-quarter revenue of $135 million and EPS up 53% year over year, as it expanded business lending, grew core deposits and improved its net interest margin (NIM). Business loans rose about $929 million (30%) from a year earlier, core deposits grew $1.1 billion, and roughly 70% to 75% of deposits now come from businesses. Reported NIM was 3.35%, and run-rate NIM excluding one-time items was 3.32%, up from 3.22% last quarter; management now expects NIM above 3.60% by the end of 2027. Dime also agreed to acquire Empire State Bank, a Staten Island lender with about $600 million in assets, using $30 million of cash and expecting pre-tax deal costs of $12 million to $13 million.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on dailypolitical.com ↗
Keywords
Dime Community Bancsharesearningsbanksmergers and acquisitions
Open a keyword to see other news on the same topic.
Related news
- Dime Community Bancshares, Inc. Q3 2026 Earnings Call Summary
- Dime Commercial ( DCOM ) Q3 2026 Earnings Call Transcript
Dime Commercial reported record quarterly revenue of $135 million and adjusted EPS of $0.91, up from $0.61 a year earlier, driven by higher net interest income. Its net interest margin reached 3.35%, extending expansion to 10 consecutive quarters, and management raised its target to over 3.60% by the end of 2027 from 3.50% previously. The company announced the acquisition of Empire State Bank, a bank with $600 million in assets, with a $30 million cash component, to establish a presence in Staten Island. Non-performing assets rose to $99.5 million from $69.0 million, reflecting a $6 million specific reserve on one commercial relationship and multifamily charge-offs, while the company held $2.2 billion in cash.
- Peoples Bancorp ( PEBO ) Q3 2026 Earnings Call Transcript
Peoples Bancorp (PEBO) reported third-quarter 2026 net income of $32.6 million, or $0.91 diluted EPS. Excluding a $4.5 million loss on investment securities and acquisition-related expenses, adjusted EPS was $1.04, above the $0.93 consensus. Net interest margin rose 8 basis points to 4.31%, while non-performing loans fell 11% to $36.6 million. The bank sold $58.5 million of securities at a $4.5 million loss to keep total assets below $10 billion. The Citizens merger is expected to add about $350 million in loans and $550 million in deposits in the fourth quarter, and the all-stock Capital Bancorp acquisition is valued at about $728.1 million. Management expects criticized and classified loans to rise in the fourth quarter as Citizens loans are onboarded, and noted slight delinquency increases in the indirect portfolio.
- PEOPLES BANCORP INC . ANNOUNCES RESULTS FOR THE THIRD QUARTER 2026
Peoples Bancorp (NASDAQ: PEBO) reported net income of $32.6 million, or $0.91 per diluted share, for the quarter ended September 30, 2026, up from $28.0 million, or $0.78 per share, in the prior quarter and $29.5 million, or $0.83 per share, a year earlier. Non-core items reduced earnings by $0.13 per share. Net interest margin rose to 4.31% from 4.23%, and net interest income increased $1.1 million to $93.8 million, while the provision for credit losses fell $1.1 million. Loans grew $19.2 million, about 1% annualized. The release also covers pending acquisitions of Citizens National Corporation (about $76.6 million, cash and stock) and Capital Bancorp, Inc. (about $728.1 million, all stock), with $0.9 million and $1.0 million in related expenses recognized.
- Fifth Third ( FITB ) Q3 2026 Earnings Call Transcript
Fifth Third Bancorp (FITB) reported adjusted diluted EPS of $1.13 for the third quarter, excluding $0.23 per share in merger-related charges, technology impairments, and litigation matters. Net interest income rose 3% sequentially to $2.28 billion, helped by fixed-rate asset repricing and commercial loan growth, while average core deposits reached $236 billion. The bank finished the Comerica technical integration, with the adjusted efficiency ratio improving to 54.6% and adjusted ROTCE at 20.6%, above its 19% 2027 target. However, a sharp rise in long-term rates caused a $1.6 billion negative AOCI move in the quarter. For Q4, management guided net interest income growth of 2.5% to 3.5% sequentially, assuming a 25-basis-point rate hike in December 2026.
- WaFd ( WAFD ) Q4 2026 Earnings Call Transcript
WaFd reported net income of $241.2 million for the fiscal year ended September 30, 2026, its second-highest annual result. In the fourth quarter it sold $543 million of single-family loans and reclassified $429 million of multifamily loans as held for sale, with non-interest income of $38.1 million including a $16.4 million gain on the single-family sale. Net interest margin was 2.81% and the CET1 ratio stood at 11.4%, while deposits rose $389 million. Non-performing assets fell to $86 million, or 0.32% of total assets. Management expects the EverBank merger to close in the first calendar quarter of 2027, pending regulatory and shareholder approvals.
Related markets
Latest news
- Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s and Western Digital have objected to their shares trading on OKXICE TSV, according to an Oct. 19 notice. The total number of objecting issuers rose to 16 from nine in the venue’s Oct. 15 notice, though neither notice gives reasons. The updated notice also says the venue may offer stocks tokenized by the issuers themselves, not only by third parties. OKXICE TSV is a planned 24/7 tokenized stock venue from OKX and ICE, running on Uniswap v4 pools on XLayer with stablecoin settlement under the SEC's innovation exemption. Nasdaq, which has its own tokenized securities pilot, said it will opt its shares out of the exemption.
- Visa partners with Mesh for seamless stablecoin payments at stores
According to a speaker in the discussion, the main obstacle for crypto payments is user experience, as paying with crypto at the final step is nearly impossible for most people. The partnership with Visa is said to bring 774 million crypto owners to shop at 175 million merchants worldwide that accept Visa cards. Users can tap their phones to pay from wallets such as Coinbase, MetaMask or Koshi, instead of copying alphanumeric addresses or waiting for settlement. The speaker argues that tap-to-pay and QR code payments are becoming the new norm as consumers increasingly avoid cash.
- 3M: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call on Oct. 20, 2026, 3M reported expanding profit margins and raised full-year earnings guidance as orders accelerated. The company issued Amazon warrants for up to 3.2 million shares, tied to $6 billion in cumulative sales of optical connectivity and data center products over seven years. Five-year new product sales are up 34% year to date to nearly $3 billion, and new product vitality has risen to the mid-teens from 11% in 2024. 3M increased prices to fully offset rising raw material and oil costs, and it remains confident in organic growth above 3.5% this year.
- Microsoft (MSFT) Withdraws From UK AI Data Center Project
Microsoft has withdrawn as anchor tenant from Nscale's planned AI data center in Loughton, Essex, citing power supply delays. The article says the site is not expected to receive sufficient grid power until the 2030s, far beyond Microsoft's planning horizon, so the company judged the power-access risk too high for its Azure plans. Nscale must now search for new hyperscale tenants for the site. The article notes Microsoft is already committing around US$175b to US$190b to 2026 infrastructure and has locked in a 1,100 MW power agreement with NiSource.
- BlackRock Is Building a Bitcoin ETF for Investors Who Can't Stomach the Swings
On Oct. 19, BlackRock filed a preliminary prospectus with the SEC for the iShares Bitcoin Managed Protection ETF, ticker PBIT, which aims to deliver Bitcoin-linked gains up to a cap while cushioning some losses. Instead of holding Bitcoin directly, the fund would use options on IBIT across three overlapping, roughly three-month tranches, buying a call struck near 90% of IBIT's starting price for the floor and selling a higher-strike call to cap upside, with Treasury bills held alongside. Each tranche's loss is capped at roughly 10% before fees, but BlackRock retains broad discretion to change terms, and the fee field is still blank. The filing could take effect as early as January 2027.
- Amazon Stock Costs More Than the Market. I'd Still Buy It for the Next 5 Years.
Amazon shares rose about 5% on Monday but trade near $262, roughly 8% below their August 3 record close of $284.02. The author argues the right benchmark for today's buyers is an S&P 500 index fund, which compounded about 10% a year with dividends reinvested from 1928 through 2025, and expects Amazon to beat it over five years because profits are growing faster than sales. Operating income rose from $22.9 billion in 2020 to $93.7 billion in the 12 months through June, up 23%, with AWS contributing $54.7 billion, about 58% of the total. Net purchases of property and equipment rose $66.1 billion over the trailing 12 months, mainly for AI, and free cash flow over the same span was a $7.6 billion outflow. The author expects earnings to grow about 15% a year through 2031 and sees the stock beating the index by a couple of percentage points a year, despite trading at about 25 times expected 2027 earnings.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.