Although the revenue and EPS for Dime Community (DCOM) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dime Community (DCOM) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.37 per share a year ago.
Dime Community Bancshares has improved margins due to lower borrowing costs and a better loan-to-deposit ratio, despite tepid loan growth. Loan performance risks remain, with rising nonperforming assets and a low allowance for credit losses, making common shares less attractive. The baby bond DCOMG trades above par and faces call risk, reducing its yield to call to 6.68%, less appealing than headline yield.
I downgraded Dime Community Bancshares to a 'Hold' last year, but the stock has since surged 42.7%, outperforming the S&P 500. Despite improvements in net interest income and profitability, the stock remains expensive relative to earnings, justifying my 'Hold' rating. Asset quality remains a concern, with DCOM lagging behind peers in return on assets and equity.
Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q1 2025 Earnings Conference Call April 22, 2025 8:30 AM ET Company Participants Stuart Lubow - President & Chief Executive Officer Avi Reddy - Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Manuel Navas - D.A. Davidson Matthew Breese - Stephens Inc. Operator Good day and thank you for standing by.
The headline numbers for Dime Community (DCOM) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Dime Community (DCOM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.38 per share a year ago.
Dime Community (DCOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.1% in Dime Community (DCOM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Dime Community (DCOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Dime Community Bancshares' baby bonds are now a better income option than preferred shares due to recent market movements and stable performance. The bank's net interest margin and net interest spread have significantly improved, driven by a drop in borrowing yields and stable asset yields. Impressive deposit growth outpaced loan growth, reducing the loan-to-deposit ratio and external borrowing, which should enhance future earnings.
Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q4 2024 Earnings Conference Call January 23, 2025 8:30 AM ET Company Participants Stuart Lubow - President & Chief Executive Officer Avi Reddy - Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Chris O'Connell - KBW Manuel Navas - D.A. Davidson Matthew Breese - Stephens Inc. Operator Good day.