Dime Commercial Bancshares' Q3 revenue hits record on NIM growth

Dime Community Bancshares

20/10/2026 11:27

Overview
US regional bank's Q3 revenue reached record, driven by net interest margin expansion
Adjusted diluted EPS for Q3 rose to $0.91 from $0.61 a year earlier
Company repurchased 298,003 shares and announced ES Bancshares acquisition

Outlook
Dime expects continued expansion in net interest margin and net interest income in coming quarters
Company says significant loan repricing opportunity expected to continue through 2027

Result Drivers
NIM EXPANSION - Co said net interest margin increased to 3.35% in Q3 from 3.01% a year earlier, helping drive record revenue
DEPOSIT AND LOAN GROWTH - Co said deposits increased by 15% and loans by 8% on an annualized basis versus the linked quarter
BALANCE SHEET LIQUIDITY - Co said it has $2.2 bln cash position and growing floating rate loan portfolio position

Company press release: ID:nGNX3Lsgb7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$39.7 mln
 
Q3 Net Interest Income
 
$121.2 mln
 
Q3 Net Interest Margin (%)
 
3.35%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality
Oct 19 - ServisFirst Bancshares Q3 profit jumps on loan growth, wider interest margin 

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(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.)