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- **EPS Growth Record**: Q4 core EPS up 88% YoY to $0.79, driven by $124M record revenue and 500M+ business loan growth.
- **NIM Expansion Catalyst**: $1.4B 2026 loan repricing pipeline could add 20 bps to NIM; 2027 pipeline of $1.7B could add 20-25 bps.
- **Deposit Strength**: 31% noninterest-bearing DDA mix, $1.2B year-over-year deposit growth, and sub-2% cost of funds.
- **CRE Risk Management**: CRE concentration below 400%, targeting mid-350% by end-2026 through transactional multifamily runoff.
- **Efficiency Target**: Sub-50% efficiency ratio in 2026, supported by $62.3M core expenses vs. $63M guidance.

**【CEO Summary Section】**
- Core EPS for Q4 2025 was $0.79, up 88% year-over-year, driven by record total revenues of $124 million.
- Business loans grew $175 million linked-quarter and $500 million year-over-year, with a $1.3 billion loan pipeline at 6.25%-6.5% rates.
- Deposit growth reached $1.2 billion year-over-year, with noninterest-bearing DDA at 31% of deposits.
- CRE concentration reduced to below 400%, targeting mid-350% by end-2026.
- Efficiency ratio expected to return to sub-50% in 2026.

**【CFO Financial Commentary】**
- NIM increased 1 bps to 3.11% (3.09% excluding prepayment fees), up 7 consecutive quarters.
- Core cash expenses $62.3 million (below $63 million guidance), with noninterest income $11.5 million vs. $10-10.5 million guidance.
- 2026 loan repricing opportunity: $1.4 billion at 4% WAM, potential 20 bps NIM expansion; 2027: $1.7 billion at 4.25% WAM, 20-25 bps expansion.
- 2026 core EPS guidance implied by Q4 NIM of 3.09%, with modest first-half expansion and accelerated second-half growth.

**【Q&A Highlights】**
- **Loan Growth by Industry**: Health care contributed ~50% of $500 million year-over-year business loan growth, with fund finance, lender finance, and sponsor finance teams driving specialty lending.
- **Deposit Mix**: Noninterest-bearing DDA at 31%, targeting 30%+ in 2026; new relationships require 20%-30% DDA mix.
- **Cash Deployment**: $400 million+ cash position used to hedge rate risk; 2026 loan growth expected to resume in second half, with floating-rate loans (35%-40% of portfolio) driving NIM expansion.
- **CRE Payoffs**: Transactional multifamily payoffs ~15%-20% annually; relationship CRE retention strong at competitive rates.
- **Municipal Deposits**: Q4 seasonal $225 million interest-bearing deposit outflow expected by end-February; core deposit growth ~$400 million linked-quarter excluding seasonality.

Dime Community Bancshares, Inc. (DCOM) Q4 2025 Earnings Call Transcript

- **Revenue Growth Acceleration**: Core pretax pre-provision net revenue up 10% QoQ to $54.4 million, driven by $160 million Q3 business loan growth and $1 billion YoY deposit expansion.
- **NIM Expansion Path**: NIM at 3.01% (Q3) with 20 bps potential from 2026 loan repricing, targeting 3.50% by end-2026.
- **Credit Stability**: NPAs at 50 bps of assets (industry-leading), with criticized loans down $30 million QoQ and 30-89 DPD loans down 33%.
- **Cost Efficiency**: Core expenses at $61.9 million (0.4% above guidance) due to hiring, with Q4 expenses expected at $63 million.
- **Capital Deployment**: $1.2 billion loan pipeline and new branches in Manhattan, NJ, and LI to drive organic growth.
- **Shareholder Returns**: Common equity Tier 1 at 11.5%, with potential buybacks as CRE concentration ratio improves below 400%.


**【CEO Opening Remarks】**
- **Revenue Growth**: Core pretax pre-provision net revenue increased to $54.4 million (Q3 2025) from $49.4 million (Q2 2025) and $29.8 million (Q3 2024), driven by business loan growth and deposit expansion.
- **Loan Performance**: Business loans grew by $160 million in Q3 (YoY growth of $400 million), with originations reaching $535 million at a weighted average rate of 6.95%. The loan pipeline stands at $1.2 billion with rates between 6.50% and 6.75%.
- **Deposit Strategy**: Core deposits increased by $1 billion YoY, with a cost of 2.09% in Q3. New branches opened in Manhattan, Lakewood (NJ), and planned for North Shore, Long Island.
- **NIM Expansion**: NIM reached 3.01% (excluding prepayment fees: 2.98%), up from 2.95% in Q2. Management expects further expansion to 3.25% by year-end and 3.50% in 2026.
- **Credit Quality**: Criticized loans declined by $30 million QoQ, and 30-89 DPD loans fell 33%. NPAs remain at 50 basis points of assets, well below peer levels.

**【CFO Financial Commentary】**
- **Earnings**: GAAP net income was $420 million, with Non-GAAP EPS of $1.08 (exceeding expectations). Core cash expenses were $61.9 million, up $0.4 million from guidance due to hiring.
- **Back Book Repricing**: $1.35 billion in adjustable/fixed-rate loans (weighted avg rate 4%) will reprice in 2026, potentially adding 20 bps to NIM. An additional $1.7 billion matures in 2027.
- **Liquidity & Capital**: Common equity Tier 1 ratio at 11.5%, total capital at 16.5%. Management prioritizes deploying excess liquidity into lending while maintaining strong capital ratios.
- **Expense Management**: Q4 core expenses expected at $63 million, with no major additions until 2026. Noninterest income projected at $10-10.5 million (excluding one-time fraud recovery).

**【Q&A Highlights】**
- **Credit Trends**: Charge-offs in Q3 related to owner-occupied (20%) and nonowner-occupied (80%) CRE, with no multifamily exposure. Management expects stable NPAs (~50 bps of assets) and resolution of legacy NPAs in Q4.
- **Deposit Beta**: Deposit cost reduced by 19 bps post-Fed cut, with ability to pass full rate cuts due to new deposit growth (low 2s cost). NIM expansion from rate cuts could add 5-10 bps per 25 bp cut.
- **Strategic Alternatives**: Focused on organic growth with pipeline utilization and new verticals (e.g., fund finance). No immediate M&A interest, but open to maximizing shareholder value through buybacks as capital ratios improve.
- **Multifamily Payoffs**: Q3 multifamily payoffs were elevated but expected to normalize. LTVs remain conservative, with 80-90% of maturing loans refinancing at higher rates.


Dime Community Bancshares (DCOM)-23 Oct 25-2025 Q3 Earnings call transcript

- **Core earnings surge**: Pretax pre-provision income up 75% YoY to $49M, ROA 85bps.
- **Deposit dominance**: $1.2B YoY growth, 30% noninterest-bearing deposits driving NIM to 2.98%.
- **Loan explosion**: Business loans +15% YoY ($370M), pipeline $1.2B at 6.85%.
- **NIM roadmap**: Target 3.50% by end of 2026 via $1.95B repricing loans and rate cuts (5bps per 25bp cut).
- **New verticals**: $300-500M per vertical in 2-3 years, 225-300bps over SOFR.
- **Expense guidance**: Q3 $61.5M, flattish Q4, with efficiency gains as verticals scale.
- **Capital strength**: CET1 11.25%, no buybacks planned; focused on organic growth.

**【CEO Summary Section】**
- Core pretax pre-provision income reached $49 million (up from $28 million YoY), with core ROA of 85 basis points.
- Deposit growth: $1.2 billion YoY, with new teams contributing $2.2 billion in deposits. Broker deposits reduced to minimal levels.
- NIM increased for 5 consecutive quarters, approaching 3%, driven by loan repricing and cost control.
- Business loans grew $110 million QoQ and 15% YoY ($370 million), with originations at $450 million and pipeline of $1.2 billion at 6.85%.
- New lending verticals (corporate/specialty finance, fund finance) expected to contribute $300-500 million in loans over 2-3 years.
- Regulatory approvals for new branches in Lakewood, NJ and Manhattan.

**【CFO Financial Commentary】**
- Core EPS: $0.64 (12% QoQ, 49% YoY). NIM: 2.98% (2.95% excluding prepayment fees).
- Non-brokered deposits grew $210 million QoQ; municipal relationship reduced by $125 million to optimize costs.
- Core expenses: $59.9 million (up $1.4 million QoQ due to hiring). Noninterest income: $11.6 million (loan swap income up).
- Loan loss provision: $9.2 million; allowance ratio 86 basis points.
- Capital: CET1 11.25%, total capital 15.8%.
- Guidance: Q3 core expenses $61.5 million, NIM expansion to 3.25%-3.50% over time.
- Back book repricing: $1.95 billion loans at 4.1% in H2 2025, potential 30bp NIM boost.

**【Q&A Key Highlights】**
- **Deposit trends**: 1,500 new private banking accounts QoQ, $350-400 million growth. No one-time factors; sustained retail and private banking momentum.
- **Loan pipeline rates**: New origination rate 7.10%, pipeline 6.85% (mix of fixed and floating rate loans).
- **Expense growth**: Q3 guidance $61.5 million; flattish Q4, with potential for gradual decline as verticals scale.
- **M&A**: Open to opportunities, but focused on organic growth (CRE reduction offset by C&I expansion).
- **Multifamily risk**: Granular portfolio ($2.8M avg loan), no nonperforming loans. Monitoring political risks but confident in portfolio strength.
- **Cost of deposits**: Flat at 2.09%; CD repricing to save 1-2bp, offset by new deposit inflows.
- **Verticals pricing**: 225-300bp over SOFR, floating rate assets. Health care vertical at $300-350 million, others on similar trajectory.
- **Reserves**: Target 90-100bp over time; current 86bp reflects risk profile shift to C&I.
- **Capital deployment**: Prioritize organic growth; buyback consideration in 2026 if capital ratios remain strong.


Dime Community Bancshares, Inc. (DCOM) Q2 2025 Earnings Call Transcript

- **Deposit Growth Dominance**: Core deposits up $1.3 billion Y/Y, with NIM at 2.9% driven by 2.09% deposit cost. Brokered deposits minimized, enhancing balance sheet efficiency.
- **Loan Pipeline Explosion**: $1.1 billion pipeline (7.22% yield) vs. $750 million at year-end, fueled by $400 million Y/Y business loan growth. New hires poised to accelerate 2026 growth.
- **NIM Expansion Roadmap**: 35-40 bps potential from $3.7 billion repricing loans in 2025-2026. Second-quarter NIM stable at 2.90%, with repricing acceleration in H2.
- **Strategic Expansion**: New Jersey entry and key hires (e.g., Tom Geisel) signal intent to dominate NYC commercial banking.
- **Financial Fortitude**: 11.1% CET1 ratio and $0.57 EPS highlight capital strength and profitability, despite cautious buyback stance.


**【CEO Summary Section】**
- **Core Deposit Growth**: Year-over-year increase of $1.3 billion, with non-brokered deposits reaching $1.9 billion. Brokered deposits reduced to minimal levels, improving balance sheet efficiency.
- **NIM Expansion**: Net Interest Margin (NIM) rose to 2.9% for the fourth consecutive quarter, driven by lower deposit costs (2.09%) and a $1.95 billion back-book loan repricing opportunity. Management expects NIM to expand further in the second half of 2025.
- **Loan Growth**: Business loans increased by $60 million Q/Q and $400 million Y/Y. Loan pipeline expanded to $1.1 billion (average yield 7.22%) from $750 million at year-end, supported by new hires.
- **Earnings Power**: Core pre-tax provision income grew to $46 million (vs. $28 million Y/Y), with a core ROA of 77 basis points.
- **Strategic Expansion**: Announced expansion into Lakewood, New Jersey, and hired key talent, including Tom Geisel from Sterling Bank, to drive commercial lending growth.

**【CFO Financial Commentary】**
- **EPS Performance**: Adjusted EPS of $0.57, up 36% Q/Q and 50% Y/Y. Non-GAAP metrics reflect strong cost control and operational efficiency.
- **NIM Breakdown**: Base NIM (excluding prepayment fees) at 2.90%, with potential for 35-40 basis points of expansion in 2025-2026 from loan repricing. Second-quarter NIM expected to remain range-bound at 2.90% ±3 bps.
- **Expense Management**: Core cash expenses for 2025 revised to $236.5-$237.5 million (up from $234-$235 million) due to new hires, but maintained as a percentage of assets.
- **Capital Strength**: Common equity Tier 1 ratio at 11.1%, total capital at 15.7%, enabling opportunistic growth.
- **Credit Quality**: Net charge-offs at 26 bps, allowance to loans at 83 bps, with a medium-term target of 90-100 bps.

**【Q&A Highlights】**
- **Loan Pipeline Mix**: $350 million C&I, $185 million owner-occupied CRE, $250 million healthcare. $200 million of approved loans waiting to close at 7.25% yield.
- **Deposit Strategy**: New teams bringing in deposits at 2.10% cost, with 35-40% DDA mix. Q1 core deposit growth of $250 million (excluding seasonal outflows).
- **Cash Management**: $1 billion cash balance viewed as strategic buffer, with plans to deploy into loans as pipeline closes.
- **Tariff Impact**: Monitoring CRE and construction exposure; no material spread changes yet. Line usage and service industry trends under close watch.
- **Buyback Policy**: Cautious due to macro uncertainty, but open to revisiting in 2026 as loan pipeline converts.
- **New Jersey Expansion**: First foray into NJ with a focus on Brooklyn-connected depositors, supported by local expertise.


Dime Community Bancshares (DCOM)-22 Apr 25-2025 Q1 Earnings call transcript

- **Deposit Growth Home Run**: $1.8B core deposits (40% noninterest-bearing), 11,000 new accounts, and 7,000 customer relationships.
- **Business Loan Expansion**: +$400M annual growth, pipeline of $750M at 7.15% WAM.
- **NIM Target 3%+**: 2025 guidance with 5-6bps improvement per 25bps rate cut, $1.9B adjustable loans repricing in 2025-2026.
- **Capital Strength**: >11% CET1, >15.5% total capital post-equity raise.
- **Credit Quality**: Loan loss reserves at 82bps, targeting 90-100bps. 2024 charge-offs 17-18bps.
- **CRA Compliance**: 'Outstanding' rating enhances M&A flexibility.


**【CEO Summary Section】**
- **Deposit Growth**: Achieved $1.8 billion in core deposits, 40% noninterest-bearing, with 11,000 new accounts and 7,000 customer relationships.
- **Loan Growth**: Business loans increased by $400 million annually, driven by C&amp;I and healthcare verticals. Loan pipeline of $750 million at 7.15% weighted average rate.
- **Financial Health**: Loan-to-deposit ratio below 95%, reduced wholesale borrowings by $1.2 billion. NIM expanded to 2.79% in Q4, targeting 3%+ in 2025.
- **Capital Strength**: Common equity Tier 1 ratio >11%, total capital >15.5% post-equity raise. Raised $136 million in equity, accretive to tangible book value.
- **Credit Quality**: Loan loss reserves increased to 82 basis points, targeting 90-100 basis points. 2024 charge-offs at 17-18 basis points.
- **CRA Compliance**: Received 'Outstanding' CRA rating, enhancing competitive positioning for acquisitions and organic growth.

**【CFO Financial Commentary】**
- **Q4 Financials**: Adjusted EPS up 45% vs. prior quarter. Core NIM (excluding purchase accounting) +26bps to 2.79%. Full impact of Nov rate cut and securities repositioning drove Dec NIM to 2.84%.
- **NIM Guidance**: 2025 target of 3%+ NIM, with 5-6bps improvement per 25bps rate cut. $1.9 billion of adjustable loans repricing in H2 2025 and 2026 at 3.95% WAM, potential 35-40bps NIM lift.
- **Expense Control**: Core cash expenses $57.7 million in Q4, flat YoY. Full-year 2025 guidance of $234-235 million, excluding potential hires post-bonus season.
- **Balance Sheet**: Period-end loan growth low single-digit in 2025, with CRE concentration reduction to low 400s. Attrition in CRE and multifamily may mask business loan growth in H1 2025.
- **Noninterest Income**: Guided to $40-42 million, driven by BOLI restructuring ($5-5.5 million) and loan swap income.

**【Q&A Highlights】**
- **Deposit Pricing**: 80% beta on interest-bearing deposits, 55% overall beta. Q4 deposit cost 2.05%, targeting gradual repricing with Fed cuts.
- **Loan Growth Challenges**: Higher payoff/refinance activity in Q4 ($150-175 million new loans offset by $100 million+ payoffs). CRE attrition expected to moderate in 2025.
- **Acquisition Strategy**: Open to strategic acquisitions in Tri-State area, prioritizing CRA-compliant opportunities.
- **Back Book Repricing**: $1.9 billion adjustable loans repricing in 2025-2026, targeting 3.5%+ NIM by 2027.
- **Credit Quality**: No material trends in classified assets. Charge-off guidance 20-30 basis points for 2025.


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