| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.48 | 13.1% | 39.7% |
| Total Income | 6.48 | 13.1% | 39.7% |
| Expenditure | -41.39 | 3.3% | 16.5% |
| PBT | 47.88 | 1.3% | 19.2% |
| Net Profit | 34.81 | 0.7% | 17.2% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.75 | 0.0% | 17.2% |
Dime Commercial Bancshares Reports Record Quarterly Revenue of $126 Million and 17% EPS Increase
23 Jul 2026 · 23 Jul, 4:31 pm
Summary
Dime Commercial Bancshares announced record quarterly revenue of $126 million for the second quarter of 2026, driven by net interest margin expansion. Net income available to common stockholders was $33.0 million, or $0.75 per diluted share, with adjusted diluted EPS reaching $0.79. The company highlighted strong year-over-year growth in business loans and core deposits, alongside an improved net interest margin of 3.28% and a reduced efficiency ratio of 51.2%. Management expressed confidence in the growth plan and announced plans to resume share buybacks in the third quarter.
Key Highlights
- 1
Dime Commercial Bancshares reported record quarterly revenue of $126 million, driven by net interest margin expansion.
- 2
Net income available to common stockholders was $33.0 million, or $0.75 per diluted common share, for the quarter ended June 30, 2026.
- 3
Adjusted diluted EPS (non-GAAP) was $0.79 per share for Q2 2026, a significant increase compared to $0.64 per share in Q2 2025.
- 4
Business loans grew by $743.0 million on a year-over-year basis, reflecting strong commercial banking performance.
- 5
The net interest margin increased to 3.28% for Q2 2026, up from 2.98% in the prior year's second quarter.
- 6
The efficiency ratio improved to 51.2% for Q2 2026, down from 55.0% in Q2 2025, indicating improved operational efficiency.
- 7
The company announced plans to resume share buybacks in the third quarter, citing a strong capital position and improving profitability.
Management Comments
Stuart H. Lubow
Dime continues to execute on our growth plan and delivered record quarterly revenue. Second quarter results were marked by strong growth in business loans as our commercial banking teams are converting their robust pipelines. Recognizing the progress we have made in creating a high-quality balance sheet, Kroll Bond Rating Agency recently issued a “Positive” ratings outlook for Dime. Finally, and in recognition of our evolution into a commercial and private banking powerhouse, we recently completed our re-brand to “Dime Commercial Bank”. 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. Our substantial liquidity position, which includes $1.9 billion of cash, provides us with the flexibility to take advantage of lending opportunities as they arise. Dime’s asset liability management profile, which is underpinned by our cash position and a growing floating rate loan portfolio, positions us well for a variety of interest rate scenarios. Our organic growth strategy is paying dividends as evidenced by a decline in the core efficiency ratio to below 50% for the second quarter. Growth in revenues is anticipated to continue to drive the efficiency ratio lower in the years ahead.
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