Dime Community Bancshares' Q2 net income rises to $27.9 mln

Dime Commercial Bancshares

24/07/2025 12:11

Overview

Dime Community Bancshares Q2 net income rises to $27.9 mln, EPS $0.64

Core deposits grow $1.21 bln yr/yr, supporting strategic growth plan

Net interest margin improves to 2.98% in Q2, driven by loan repricing

Outlook

Dime expects NIM growth from loan repricing starting H2 2025

Company anticipates reduced deposit costs if Fed cuts rates

Dime sees core deposit growth benefiting NIM over time

Company expects business loan growth to support NIM expansion

Result Drivers

CORE DEPOSIT GROWTH - Core deposits increased by $1.21 bln yr/yr, supporting strategic growth plan

BUSINESS LOAN EXPANSION - Business loans grew $113.3 mln on a linked qtr basis, contributing to net interest margin improvement

LOAN REPRICING - Net interest margin improved to 2.98% due to loan repricing opportunities, per CEO Stuart Lubow

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.64
Q2 Net Income
$27.90 mln
Q2 Net Interest Income
$98.10 mln
Q2 Adjusted Net Interest Income
$97.87 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Dime Community Bancshares Inc is $36.00, about 20.7% above its July 23 closing price of $28.53

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX6twwjq

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)