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Dime Q1 2025 Earnings Report
Dime Community Bancshares, Inc. reported its first quarter 2025 earnings, with net income available to common stockholders of $19.6 million and diluted EPS of $0.45.
Key Takeaways
Dime Community Bancshares, Inc. reported net income available to common stockholders of $19.6 million for the first quarter of 2025, or $0.45 per diluted common share. Adjusted net income was $24.7 million, or $0.57 per share. The company saw continued growth in core deposits and business loans year-over-year, and net interest margin expanded to 2.95%.
Net income available to common stockholders for Q1 2025 was $19.6 million, a significant improvement from a net loss in the prior quarter.
Adjusted EPS for Q1 2025 was $0.57, showing a 36% increase quarter-over-quarter and a 50% increase year-over-year.
Total deposits increased by $717.0 million year-over-year, with core deposits (excluding brokered and time deposits) increasing by $1.35 billion.
Net interest margin expanded by 16 basis points on a linked quarter basis, reaching 2.95%.
Dime
Dime
Dime Revenue by Segment
Revenue by Segment
Business Loans Revenue
CapyFin.comOne-to-Four Family Residential Revenue
CapyFin.comMultifamily Residential Revenue
CapyFin.comNon-Owner-Occupied CRE Revenue
CapyFin.comAcquisition, Development, Construction Revenue
CapyFin.comOther Loans Revenue
CapyFin.comSecurities Revenue
CapyFin.comOther Short-Term Investments Revenue
CapyFin.com Forward Guidance
Dime Community Bancshares anticipates continued NIM expansion driven by loan repricing opportunities, potential reductions in deposit costs, and ongoing core deposit and business loan growth.
Positive Outlook
- Significant loan repricing opportunity starting in the second half of 2025 and continuing through 2027, assuming current forecasted interest rates.
- Anticipated reduction in deposit costs if the Federal Reserve cuts short-term rates in 2025, driving further NIM expansion.
- Continued focus on core deposit growth to benefit NIM over time.
- Continued focus on business loan growth to benefit NIM over time.
- Poised to continue adding talented individuals and gaining market share in the quarters ahead.
Challenges Ahead
- Macroeconomic environment volatility could impact performance.
- Accuracy of current forecasted interest rate levels is a key assumption for loan repricing opportunities.
- Potential for unforeseen challenges in recruiting and integrating new talent.
- Competitive pressures in the banking industry could impact growth.
- Regulatory changes or economic downturns could affect financial results.