Quarterly ResultJul 23, 2026, 07:02 AM
Dime Commercial Bancshares Q2 EPS $0.75, up 17%; to resume buybacks
AI Summary
Dime Commercial Bancshares, Inc. reported strong second-quarter 2026 results, with diluted EPS increasing 17% year-over-year to $0.75. The company achieved record quarterly revenue of $126 million, driven by net interest margin expansion to 3.28%. Significant growth was noted in core deposits and business loans, alongside an improved adjusted efficiency ratio of 49.9%. Additionally, the company announced its intention to resume share buybacks in the third quarter, citing a strong capital position and improving profitability.
Key Highlights
- Diluted EPS for Q2 2026 was $0.75, a 17% increase year-over-year.
- Adjusted diluted EPS (non-GAAP) was $0.79 for Q2 2026.
- Announced plans to resume share buybacks in the third quarter.
- Record quarterly revenue reached $126 million.
- Net interest margin increased to 3.28% in Q2 2026 from 2.98% in Q2 2025.
- Total deposits grew by $937.0 million year-over-year to $12.68 billion.
- Business loans increased by $743.0 million year-over-year.
- Adjusted efficiency ratio decreased to 49.9% in Q2 2026 from 54.7% in Q2 2025.
Price Impact
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