Dime Community Bancshares Reports Q2 2026 Results: Full Earnings Call Transcript

Dime Community Bancshares (NASDAQ: DCOM ) reported second-quarter financial results on Thursday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary Dime Community Bancshares reported record revenues of $126 million for the second quarter, with a core EPS increase of 23% year-over-year.

The company saw a 26% year-over-year growth in business loans, and the loan pipeline is strong at approximately $1.4 billion.

Dime reduced its core efficiency ratio below 50% and announced plans to resume share repurchases in the third quarter.

The rebranding to Dime Commercial Bank reflects the company's transformation towards commercial banking, with over 70% of deposits from commercial and municipal customers.

Net interest margin (NIM) increased to 3.28%, and the company expects further NIM expansion in the latter half of the year.

The allowance for loan losses increased to 98 basis points, with a loan loss provision of $14 million.

Dime's tangible equity ratio crossed 9%, and the common equity Tier 1 ratio grew to 12%.

Management plans to grow the business loan portfolio by $200 to $250 million per quarter and expects low- to mid-single-digit loan growth for the year.

The company has seen significant deposit growth and maintained a cost of funds at approximately 1.64%.

Dime aims to maintain a CET1 ratio between 11.25% and 11.5%, allowing room for organic growth and buybacks.

Full Transcript Carmen, Operator Good day, everyone, and thank you for standing by.

Welcome to Dime Community Bancshares' second quarter earnings call.

At this time, all participants are in a listen-only mode.

After the speakers' presentations, there will be a question-and-answer session.

To ask a question, you will need to press star 1-1 on your telephone.

You will then hear a message advising your hand is raised.

To withdraw your question, please press star 1-1 again.

Please be advised that today's conference is being recorded.

Before we begin, the Company would like to remind you that discussions during this call contain forward-looking statements made under the safe harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995.

Such statements are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those contained in such statements, including as set forth in today's press release and the Company's filings with the U.S.

Securities and Exchange Commission, to which we refer you.

During this call, references will be made to non-GAAP financial measures as supplemental measures to review and assess operating performance.

These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S.

GAAP.

For information about these non-GAAP measures and for reconciliations to GAAP, please refer to today's earnings release.

Now it's my pleasure to hand the conference over to Stuart Lubow, President and CEO.

Please proceed.

Stuart Lubow, Chief Executive Officer Thank you, Carmen, and good morning, and thank you all for joining us this morning for our second quarter earnings call.

With me today, as usual, are Avi Reddy, our Chief Operating Officer and CFO, and Tom Geisel, our Chief Commercial Officer.

In my prepared remarks, I will touch upon the progress we've made in the second quarter.

Avi will then provide financial details for the second quarter.

Dime has differentiated our franchise from our local competitors as it relates to our organic growth trajectory, our ability to attract talented bankers, the quality of our deposit base, the progress we made in diversifying our balance sheet, and our improving NIM and profitability.