Dime Commercial Bancshares (DCOM) shares rose about 6% on Tuesday, while the S&P 500 gained 0.3%, after the bank posted a solid third-quarter report and announced an acquisition. Total revenue climbed 19% year over year to over $135 million and deposits grew 7% to $12.8 billion, while loans edged down to under $10.8 billion. Non-GAAP attributable net income rose almost 50% to $39.1 million ($0.91 per share), and CEO Stuart Lubow pointed to $2.2 billion in cash and an 83% loan-to-deposit ratio as results of a deliberately liquid balance sheet. Dime agreed to buy ES Bancshares for about $58 million in cash and stock, strengthening its presence in Brooklyn and Staten Island, at roughly 1.1 times the target's tangible book value per share.
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- 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.
- Dime Community Bancshares, Inc. Q3 2026 Earnings Call Summary
- What Dime Community Bancshares ( DCOM ) Said on Its Q3 Earnings Call
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.
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