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Dime Community Bancshares (DCOM)
NASDAQ:DCOM
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.38Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 30, 2021
|% Change Since: -2.55%
|Next Earnings Date:Apr 30, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in deposit growth, capital strength, and net interest margin expansion. However, concerns around increased loan loss provisions and charge-offs presented challenges. Overall, the positive aspects outweighed the negative, demonstrating strong performance and potential for future growth.Company Guidance
During the earnings call for Dime Community Bancshares, guidance for 2025 highlighted several key metrics. The company expects its net interest margin (NIM) to increase, with a projected rise to approximately 2.90% in the first quarter, aiming for a 3% NIM over the year, due to factors such as core deposit growth and loan repricing. The bank plans to maintain its CRE concentration in the low 400s and grow period-end loan balances in the low single-digit range. Noninterest income is anticipated to be between $40 million and $42 million, while core cash noninterest expenses are projected at $234 million to $235 million. The bank also expects a tax rate between 27% and 28% and aims to achieve a charge-off range of 20 to 30 basis points. These projections underscore Dime's strategy to increase profitability while managing expenses and capital.Strong Deposit Growth
Raised approximately $1.8 billion in core deposits with 40% in noninterest-bearing deposits. Opened over 11,000 accounts and 7,000 individual customer relationships.
Reduction in Wholesale Borrowings
Reduced wholesale borrowings and brokered deposits by approximately $1.2 billion over the past year.
Loan Growth in Business Segments
Business loans increased by over $70 million in Q4 and $400 million for the year, driven by C&I and healthcare verticals.
Capital Ratios and Equity Offering
Raised approximately $136 million from a common equity offering, leading to a common equity Tier 1 ratio in excess of 11% and a total capital ratio over 15.5%.
Net Interest Margin Expansion
NIM increased to 2.79% in Q4 with a pathway to exceed 3% in future quarters.
Outstanding CRA Rating
Received second consecutive outstanding CRA rating, with perfect scores on lending, investment, and service tests.
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DCOM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DCOM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $31.75 | $31.00 | -2.36% |
| Oct 22, 2024 | $28.98 | $28.94 | -0.14% |
| Jul 23, 2024 | $23.48 | $24.35 | +3.71% |
| Apr 23, 2024 | $18.58 | $18.93 | +1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dime Community Bancshares (DCOM) report earnings?
Dime Community Bancshares (DCOM) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Dime Community Bancshares (DCOM) earnings time?
Dime Community Bancshares (DCOM) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DCOM EPS forecast?
DCOM EPS forecast for the fiscal quarter 2025 (Q1) is 0.56.
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