Financial Data and Key Metrics Changes - Core deposits increased by $1.3 billion year-over-year [5] - Cost of deposits reduced to 2.09% in the first quarter [6] - Net Interest Margin (NIM) increased to 2.9%, marking the fourth consecutive quarter of growth [6][13] - Adjusted EPS was $0.57, representing a 36% linked quarter increase and a 50% year-over-year increase [13] Business Line Data and Key Metrics Changes - Business loans grew by over $60 million in the first quarter and over $400 million year-over-year [7] - Loan pipeline currently stands at approximately $1.1 billion with an average yield of 7.22% [8] - Core pre-tax provision income was $46 million in the first quarter compared to $28 million a year ago [9] Market Data and Key Metrics Changes - Non-brokered deposits increased by approximately $65 million at March 31 versus year-end levels [14] - Excluding title company deposits, non-brokered deposits grew by approximately $250 million this quarter [14] Company Strategy and Development Direction - The company plans to expand into the Lakewood, New Jersey marketplace [11] - Focus on growing business loans while reducing commercial real estate (CRE) concentration [7] - Hiring efforts are aimed at enhancing both sides of the balance sheet [10] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on continued NIM improvement despite uncertain rate environment [6] - Expectation of margin expansion in the second half of 2025 due to significant back book loan repricing opportunities [17][18] - Anticipated loan growth to pick up in the latter half of 2025 [19] Other Important Information - Core cash operating expenses for the first quarter were $57.9 million, excluding intangible amortization [15] - Common equity Tier one ratio increased to 11.1% and total capital ratio grew to 15.7% [16] Q&A Session Summary Question: Inquiry about loan pipeline mix - The loan pipeline consists of approximately $350 million in commercial and industrial (C&I), $185 million in owner-occupied CRE, and $250 million in healthcare [25] Question: Update on deposit growth and costs - The cost of deposits is around $2.10, with a healthy mix of demand deposits [26] Question: Credit reserve build guidance - The medium to long-term target for reserves is between 90 basis points to 1% [32] Question: Cash balance and margin opportunities - The company is managing its balance sheet for the medium to long term, with plans to utilize cash as loan growth picks up [35] Question: Non-owner occupied commercial real estate uptick - The uptick was due to one specific credit exit, with no systemic issues expected [41] Question: Competition and pricing in the region - The pricing environment is rational, with some competitors moderating their deposit pricing [68] Question: Fee income guidance for the year - The fee income guidance remains at $40 million to $42 million for the full year [83]

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.64%. A quarter ago, it was expected that this bank holding company would post earnings of $0.43 per share when it actually produced earnings of $0.42, delivering a surprise of -2.33%. Over the last four quarters, ...

Financial Performance - First quarter 2025 net income available to common stockholders was $19.6 million, or $0.45 per diluted common share, compared to a net loss of $22.2 million, or $(0.54) per diluted common share in the previous quarter[1]. - Adjusted net income available to common stockholders for Q1 2025 was $24.7 million, a 42% increase from the prior quarter and a 67% increase from Q1 2024[3]. - Non-interest income for Q1 2025 was $9.6 million, a significant recovery from a loss of $33.9 million in the previous quarter[20]. - Reported net income available to common stockholders for Q1 2025 was $19,636 thousand, a significant recovery from a loss of $22,234 thousand in Q4 2024[56]. - Adjusted net income available to common stockholders (non-GAAP) rose to $24,688 thousand for Q1 2025, up from $17,417 thousand in Q4 2024, representing a 42.0% increase[56]. Asset and Liability Management - Total assets as of March 31, 2025, were $14,097,682, a decrease of 1.77% from $14,353,258 on December 31, 2024[38]. - Total liabilities decreased to $12,685,669 as of March 31, 2025, down from $12,956,741 on December 31, 2024, a decline of 2.09%[38]. - Total stockholders' equity increased to $1,412,013 as of March 31, 2025, compared to $1,396,517 on December 31, 2024, reflecting a growth of 1.11%[38]. - The company reported a total asset value of $13,759,002[49]. Loan and Deposit Trends - Total deposits increased by $717.0 million year-over-year, with core deposits rising by $1.35 billion[7]. - Non-interest-bearing checking deposits decreased to $3,245,409 as of March 31, 2025, down from $3,355,829 on December 31, 2024, representing a decline of 3.27%[38]. - Business loans reached $2,788,848 as of March 31, 2025, up from $2,726,602 on December 31, 2024, marking a growth of 2.29%[38]. - The loan-to-deposit ratio at the end of Q1 2025 was 93.6%, up from 93.0% in Q4 2024[45]. Efficiency and Profitability Metrics - The efficiency ratio improved to 63.1% in Q1 2025, compared to 105.9% in the previous quarter[23]. - The adjusted return on average assets improved to 0.77% in Q1 2025, compared to 0.56% in Q4 2024[56]. - The efficiency ratio (non-GAAP) improved to 55.8% in Q1 2025 from 58.0% in Q4 2024, indicating enhanced operational efficiency[58]. - Cash dividends paid per common share remained stable at $0.25 for Q1 2025, consistent with Q4 2024[45]. Credit Quality and Risk Management - Non-performing loans increased to $58.0 million at March 31, 2025, compared to $49.5 million at December 31, 2024[25]. - The allowance for credit losses stood at $90,455 as of March 31, 2025, compared to $88,751 on December 31, 2024, indicating a slight increase in provisions[38]. - Net charge-offs (NCOs) for Q1 2025 were $7,058 thousand, down from $10,611 thousand in Q4 2024, reflecting a decrease of 33.5%[52]. - The company anticipates potential risks including changes in interest rates and competitive pressures that may affect future performance[36]. Market Position and Leadership - Dime Community Bancshares, Inc. has over $14 billion in assets and holds the number one deposit market share among community banks on Greater Long Island[34]. - The company hired several key executives to strengthen its leadership team and market presence, including Tom Geisel and Robert Rowe[7].

Core Financial Performance - The company reported net income available to common stockholders of $19.6 million for Q1 2025, a significant recovery from a net loss of $22.2 million in Q4 2024 and an increase from $15.9 million in Q1 2024 [1][3] - Adjusted net income available to common stockholders (non-GAAP) was $24.7 million for Q1 2025, reflecting a 42% increase from the previous quarter and a 67% increase year-over-year [3] - The net interest margin (NIM) expanded by 16 basis points to 2.95% in Q1 2025 compared to 2.79% in Q4 2024 [1][9] Revenue and Expenses - Net interest income for Q1 2025 was $94.2 million, up from $91.1 million in Q4 2024 and $71.5 million in Q1 2024 [6] - Non-interest income was $9.6 million in Q1 2025, a recovery from a loss of $33.9 million in Q4 2024 [20] - Total non-interest expense increased to $65.5 million in Q1 2025 from $60.6 million in Q4 2024, with adjusted non-interest expense at $58.0 million [21][22] Loan and Deposit Growth - Total deposits increased by $717.0 million year-over-year, with core deposits rising by $1.35 billion [8] - The company’s loan portfolio stood at $10.87 billion, with business loans at $2.79 billion and a weighted average rate of 6.55% [11][12] - Loan originations for Q1 2025 were $71.5 million, a decrease from $187.5 million in Q4 2024 [15] Capital and Credit Quality - Stockholders' equity increased to $1.41 billion at the end of Q1 2025, with a Common Equity Tier 1 Ratio of 11.12% [26][44] - Non-performing loans rose to $58.0 million, up from $49.5 million in Q4 2024, with a credit loss provision of $9.6 million recorded in Q1 2025 [25] Management and Strategic Initiatives - The company has made significant hires to strengthen its executive leadership team, including Tom Geisel and Robert Rowe [8] - The CEO highlighted the company's strong start to the year in recruiting and plans to continue adding talent to gain market share [4][8]

Core Points - Dime Community Bancshares, Inc. has announced plans to expand into Lakewood, New Jersey, with the Board of Directors approving this initiative [1] - A full-service, free-standing branch location has been identified, with construction expected in the second half of 2025 and a planned opening in early 2026 [2] - The expansion aims to strengthen Dime's commitment to the Orthodox Jewish community and support the growth of its Private and Commercial Bank services [3] - Dime Community Bancshares, Inc. holds over $14 billion in assets and has the highest deposit market share among community banks in Greater Long Island [3][4]

Core Viewpoint - The market anticipates Dime Community (DCOM) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Dime Community is expected to report quarterly earnings of $0.55 per share, reflecting a year-over-year increase of +44.7% [3]. - Revenues are projected to reach $99.99 million, which is a 21.9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - A positive Earnings ESP of +10.24% suggests analysts have recently become more optimistic about the company's earnings prospects [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - Dime Community currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Dime Community was expected to post earnings of $0.43 per share but delivered $0.42, resulting in a surprise of -2.33% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Conclusion - While Dime Community does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Core Points - Dime Community Bancshares, Inc. has hired a deposit-focused group to cover the Queens market, led by George Taitt and Amy Grandy, both previously from Signature Bank and Flagstar Bank [1][2] - The company aims to capitalize on market disruptions and execute its growth plan in a targeted manner, emphasizing teamwork and client experience [2] - Dime Community Bancshares, Inc. holds over $14 billion in assets and has the highest deposit market share among community banks in Greater Long Island [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, a New York State-chartered trust company [3] - The bank has a strong track record of integrating new teams and maintaining a robust culture focused on teamwork and client satisfaction [2][3] - The aggregate deposit market share for community banks with less than $20 billion in assets in Kings, Queens, Nassau, and Suffolk counties is highlighted [4]

Core Viewpoint - Dime Community Bancshares, Inc. is set to release its earnings for the first quarter of 2025 on April 22, 2025, before the U.S. equity markets open, with a conference call scheduled for the same day to discuss financial performance [1]. Group 1: Earnings Release - The earnings announcement will occur before the market opens on April 22, 2025 [1]. - A conference call will be held at 8:30 a.m. (ET) on the same day, featuring remarks from the President and CEO, Stuart Lubow [1]. - There will be a question-and-answer session following the CEO's remarks [1]. Group 2: Conference Call Access - Participants can access the conference call via a provided webcast link or by registering in advance for telephone participation [2]. - Registered telephone participants will receive a confirmation email with dial-in details and a unique PIN [2]. - It is recommended that participants dial in 10 minutes prior to the start time [2]. Group 3: Replay Availability - A replay of the conference call and webcast will be available on-demand for 12 months [3]. Group 4: Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $14 billion in assets [4]. - The bank holds the number one deposit market share among community banks in Greater Long Island [4][5].

Core Insights - Dime Community Bancshares, Inc. has appointed Antonia (Toni) Badolato as Senior Vice President and Group Leader, who previously held a similar position at M&T Bank [1][2] - Toni Badolato emphasized Dime's commitment to expanding its business lending presence and highlighted the company's quick response to customer needs and flat organizational structure as key differentiators for success [2] - Stuart H. Lubow, President and CEO of Dime, stated that hiring Toni is a strategic move to enhance growth in business lending and reflects the company's goal of diversifying its balance sheet and increasing market share [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [3] - The bank holds the number one deposit market share among community banks in Greater Long Island, specifically in Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets [3][4]

Core Insights - Dime Community Bancshares, Inc. has appointed Jim LoGatto as Executive Vice President to enhance its commercial banking operations in Manhattan [1][3] - LoGatto brings extensive experience from his previous roles at Israel Discount Bank of New York, Wells Fargo Bank, and Independence Community Bank [2] - The company aims to expand its deposit and lending presence in Manhattan, aligning with its strategic growth objectives [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $14 billion in assets [3] - The bank holds the number one deposit market share among community banks in Greater Long Island [3][4]