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- **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

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

DCOMP

DCOMP fundamentals

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