| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 5.73 | 23.5% |
| Total Income | 5.73 | 23.5% |
| Expenditure | -42.80 | 77.8% |
| PBT | 48.53 | 69.0% |
| Net Profit | 34.58 | 61.1% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.75 | 66.7% |
Dime Reports Q1 2026 EPS Up 67% Y-o-Y
23 Apr 2026 · 23 Apr, 5:15 pm
Summary
Dime Community Bancshares, Inc. reported a net income available to common stockholders of $32.8 million, or $0.75 per diluted common share, for the quarter ended March 31, 2026. This represents an increase compared to $30.0 million, or $0.68 per diluted common share, for the quarter ended December 31, 2025, and $19.6 million, or $0.45 per diluted common share, for the quarter ended March 31, 2025. The company saw growth in total and core deposits, as well as business loans. The net interest margin increased to 3.21%, and the efficiency ratio decreased to 50.8%.
Key Highlights
- 1
Dime Community Bancshares reported net income available to common stockholders of $32.8 million for the quarter ended March 31, 2026.
- 2
Earnings per diluted common share were $0.75 for Q1 2026, compared to $0.45 for Q1 2025, representing a 67% year-over-year increase.
- 3
Total deposits increased by $983.1 million on a year-over-year basis.
- 4
Core deposits increased by $999.3 million year-over-year.
- 5
Business loans grew by $123.8 million on a linked quarter basis and $575.6 million year-over-year.
- 6
The net interest margin increased to 3.21% for the first quarter of 2026, compared to 3.11% for the prior quarter.
- 7
The efficiency ratio decreased to 50.8% for the first quarter of 2026, compared to 52.6% for the prior quarter.
Management Comments
Stuart H. Lubow
Dime continues to execute on our growth plan and take market share. First quarter results were marked by notable progress in diversifying our balance sheet and net interest margin expansion. We are capitalizing on the target-rich environment to hire talented individuals and as outlined below, we have had a very active start to the year from a recruiting standpoint. Finally, we are looking forward to our re-brand to “Dime Commercial Bank” in the second quarter.
Stuart H. Lubow
We continue to have a significant loan repricing opportunity that we anticipate will continue through 2027. Additionally, growth in core deposits and business loans will benefit us over time as we continue to grow our customer base and hire productive bankers. Our substantial liquidity position, which includes $2.1 billion of cash, provides us with the flexibility to take advantage of lending opportunities as they arise.
Informational and educational content only. Not investment advice.