Quarterly ResultMay 1, 2026, 04:47 PM
Dime Community Bancshares Q1 EPS $0.75, Net Income +66.8%
AI Summary
Dime Community Bancshares reported strong first-quarter 2026 results, with net income available to common stockholders increasing by 66.8% to $32.76 million and basic EPS rising to $0.75. The company saw a significant 19.1% increase in net interest income and a 4.2% reduction in total non-interest expense. Additionally, Dime Community Bancshares recorded a net gain on debt extinguishment and reduced its FHLBNY advances and subordinated debt, despite a slight decrease in total assets and deposits quarter-over-quarter.
Key Highlights
- Net income available to common stockholders increased 66.8% to $32.76 million for Q1 2026.
- Basic earnings per common share rose 66.7% to $0.75 for the quarter.
- Net interest income grew 19.1% to $112.25 million compared to Q1 2025.
- Total non-interest expense decreased 4.2% to $62.76 million year-over-year.
- The company reported a net gain on extinguishment of debt of $0.97 million.
- Total assets decreased to $14.99 billion at March 31, 2026, from $15.34 billion at December 31, 2025.
- Total deposits decreased to $12.59 billion at March 31, 2026, from $12.84 billion at December 31, 2025.
- Repayments of FHLBNY advances and subordinated debt totaled $88 million in Q1 2026.
Price Impact
More from DCOM