What factors drove the changes in Dime Community's revenue and profit?

What guidance did Dime Community's management provide for the next earnings period?

What does Dime Community do and what are its main business segments?

What were the key takeaways from Dime Community's earnings call?

What were the key takeaways from Dime Community’s earnings call?

Did Dime Community beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Dime Community year over year?

What is Dime Community's latest dividend and current dividend yield?

- **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.


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