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HAUPPAUGE, N.Y. - On Thursday, Dime Community Bancshares, Inc. (NASDAQ:DCOM) reported third-quarter earnings that fell short of analyst expectations despite posting revenue that exceeded forecasts.
The parent company of Dime Community Bank reported adjusted earnings per share of $0.61, missing the analyst estimate of $0.69, while revenue came in at $115.61 million, above the consensus estimate of $112.91 million.
The bank reported net income available to common stockholders of $25.8 million for the quarter ended September 30, 2025, or $0.59 per diluted share, compared to $11.5 million, or $0.29 per diluted share, for the same period last year, representing a 103% YoY increase in earnings per share.
The company’s net interest margin improved to 3.01% in the third quarter, up from 2.98% in the previous quarter and 2.50% in the third quarter of 2024. Total deposits increased by $644.3 million YoY, with core deposits (excluding brokered and time deposits) growing by $971.9 million compared to the same period last year.
"Third quarter results were marked by strong growth in core deposits and business loans, good progress in diversifying our balance sheet, and continued net interest margin expansion," said Stuart H. Lubow, President and CEO. "Our earnings power continues to increase as demonstrated by third quarter pre-tax pre-provision net revenue of $53.4 million, an increase of 8% versus the prior quarter and an increase of 79% versus the quarter ended September 30, 2024."
Business loans grew by $160.5 million on a linked quarter basis and $409.1 million YoY, while the loan-to-deposit ratio declined to 88.9% from 92.6% in the previous quarter. The efficiency ratio improved to 53.8% from 55.0% in the prior quarter.
The company recorded a credit loss provision of $13.3 million during the third quarter, compared to $9.2 million in the second quarter and $11.6 million in the third quarter of 2024. Non-performing loans increased to $72.1 million at September 30, 2025, compared to $53.2 million at June 30, 2025.
Dime Community Bancshares maintained its quarterly dividend at $0.25 per common share.
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