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]

Core Insights - Dime Community Bancshares, Inc. has appointed Thomas X. Geisel as Senior Executive Vice President of Commercial Lending to enhance its commercial lending business [1][2] - The company has experienced significant growth in core deposits and business loans over the past two years, leveraging market disruptions and talent acquisition [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 Strategy - The recruitment of Mr. Geisel is seen as a strategic move to execute the company's business plan and further its mission of becoming the best business bank in New York [2] - Mr. Geisel brings over twenty years of leadership experience in growing regional banks, including a successful tenure at Sterling National Bank, which grew into a $30 billion institution [2] Market Position - Dime Community Bank is recognized as a New York State-chartered trust company with a strong balance sheet and capital strength, providing a solid foundation for commercial banking [2][3] - The company has a significant presence in the New York Metropolitan market, which is expected to benefit from Mr. Geisel's expertise and reputation [2]

Group 1 - Dime Community Bancshares, Inc. announced the appointment of Thomas X. Geisel as Senior Executive Vice President of Commercial Lending to enhance its commercial lending business [1][2] - The company has successfully grown core deposits and business loans over the past two years, leveraging market disruptions and talent acquisition [2] - Geisel has a strong background in financial services, having previously led the growth of Sterling National Bank into a $30 billion institution and held leadership roles at Webster Bank and Sun Bancorp [2] Group 2 - Dime Community Bancshares, Inc. operates Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [3] - The bank's aggregate deposit market share includes Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets [3]

Financial Performance - Net income for 2024 was $29.1 million, a significant decrease from $96.1 million in 2023 and $152.6 million in 2022[160]. - Non-interest income decreased by $40.2 million in 2024, while provision for credit losses increased by $33.3 million and non-interest expense rose by $13.4 million[160]. - Net interest income increased by $1.5 million in 2024, contrasting with a decrease of $63.3 million in 2023[160]. - Non-interest income recorded a loss of $4.0 million in 2024, a decrease of $40.2 million from 2023, mainly due to a $41.4 million net loss on the sale of securities[172]. - Net income for 2023 was $96,094,000, a significant decrease of 37% compared to $152,556,000 in 2022[280]. - Total comprehensive income for 2023 was $75,645,000, compared to $98,894,000 in 2022, indicating a decrease of 24%[280]. - Net income for 2024 was $29,084 thousand, a decrease of 69.8% compared to $96,094 thousand in 2023 and a decrease of 81.0% from $152,556 thousand in 2022[286]. Credit Losses and Risk Management - The allowance for credit losses is established through a provision based on expected losses inherent in the loan portfolio, with management evaluating its adequacy quarterly[151]. - If the four-quarter national unemployment rate forecast had increased by 100 basis points, the quantitative allowance for credit losses (ACL) reserve would have increased by 11.8%[154]. - Management's estimates regarding credit losses are subject to significant judgment and may result in material changes to the allowance based on economic conditions[155]. - Regulatory agencies periodically review the allowance for credit losses and may require adjustments based on their assessments[159]. - Provision for credit losses was $36.1 million in 2024, significantly higher than $2.8 million in 2023, reflecting additional provisioning for multifamily, C&I, and criticized loan portfolios[171]. - The provision for credit losses increased to $36,113,000 in 2023 from $2,770,000 in 2022, marking a significant rise[278]. - The allowance for credit losses to total loans ratio rose to 0.82% at December 31, 2024, from 0.67% at December 31, 2023, indicating a more conservative approach to credit risk management[228]. - Non-accrual loans totaled $49.5 million at December 31, 2024, up from $29.1 million at December 31, 2023, indicating a significant increase in loan delinquencies[215]. - Loans delinquent between 60 to 89 days surged to $31.3 million at December 31, 2024, compared to only $1.3 million at December 31, 2023, reflecting a concerning trend in credit quality[222]. Interest Income and Expenses - Net interest income for 2024 was $318.1 million, slightly up from $316.6 million in 2023, but down from $379.9 million in 2022[167]. - Interest income increased to $650.1 million in 2024, up $40.7 million from 2023, driven by a $254.5 million increase in average business loan balances and a 45-basis point increase in yield[168]. - Interest expense rose to $332.1 million in 2024, an increase of $39.3 million from 2023, primarily due to a $767.4 million increase in average balances of money market accounts and a 77-basis point increase in rates[170]. - The weighted average yield of securities available-for-sale was 3.99% as of December 31, 2024, reflecting the company's investment strategy in a changing interest rate environment[230]. Assets and Liabilities - Total assets were $13.62 billion in 2024, slightly down from $13.63 billion in 2023[1]. - Total assets reached $14.35 billion at December 31, 2024, an increase of $717.3 million from the previous year, driven by a $826.0 million increase in cash and due from banks[177]. - Total liabilities increased to $12.96 billion at December 31, 2024, up $547.0 million, mainly due to a $1.16 billion increase in deposits[182]. - Total loans outstanding at the end of the period were $10.87 billion as of December 31, 2024, compared to $10.77 billion at December 31, 2023[228]. Deposits and Funding - Total deposits increased by $1.16 billion during the year ended December 31, 2024, compared to an increase of $276.2 million during the year ended December 31, 2023[245]. - Core deposits increased by $1.74 billion during the year ended December 31, 2024, while they decreased by $216.1 million during the year ended December 31, 2023[245]. - Brokered deposits decreased to $422.8 million at December 31, 2024, from $898.7 million at December 31, 2023[237]. - The weighted average interest rate on total deposits decreased to 2.09% at December 31, 2024, from 2.56% at December 31, 2023[234]. Equity and Stockholder Information - Stockholders' equity increased to $1.28 billion in 2024 from $1.22 billion in 2023[1]. - The ending balance of stockholders' equity as of December 31, 2024, was $1,396,517 thousand, an increase from $1,226,225 thousand in 2023[284]. - Cash dividends paid to common stockholders in 2024 totaled $38,036 thousand, compared to $37,302 thousand in 2023 and $36,791 thousand in 2022, reflecting a consistent dividend policy[286]. Loan Portfolio and Underwriting Standards - The loan portfolio composition showed business loans at $2.73 billion (25.1% of total loans) as of December 31, 2024, up from $2.31 billion (21.4%) in 2023[186]. - The Bank's underwriting standards for multifamily residential loans require a maximum loan-to-value ratio of 75% and a minimum debt service ratio of 1.20x[315]. - Non-owner-occupied commercial real estate loans also have a maximum loan-to-value ratio of 75% and require a minimum debt service ratio of 1.25x[316]. - The maximum loan-to-value ratio for land acquisition loans is set at 50% of the appraised value of the property[317]. Operational and Compliance Information - The company’s consolidated financial statements are prepared in accordance with U.S. GAAP, ensuring compliance and accuracy in financial reporting[293]. - The Company has established a Credit Risk Management Committee that meets quarterly to review lending exposures and emerging trends[196]. - The Company employs heightened risk management practices, including strategic planning and portfolio management, to address risks associated with its lending activities[194].

Dime Community (DCOM) closed the last trading session at $32.01, gaining 4.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $41 indicates a 28.1% upside potential.The average comprises five short-term price targets ranging from a low of $38 to a high of $44, with a standard deviation of $2.24. While the lowest estimate indicates an increase of 18.7% from the current price level, ...

Dime Community (DCOM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often f ...