Dime Commercial Bancshares (DCOM) investor relations material

Executive summary

• Q3 revenue reached a record $135.3 million; net income available to common stockholders was $39.7 million and diluted EPS was $0.90, up from $25.8 million and $0.59 YoY.

• NIM rose to 3.35% from 3.01% YoY, marking a 10th consecutive quarterly increase; adjusted diluted EPS was $0.91 versus $0.61.

Financial highlights

• Q3 net interest income increased $17.8 million YoY to $121.2 million; interest expense fell $10.0 million to $62.2 million.

• Reported NIM was 3.35%; excluding purchase accounting and prepayment fees, run-rate NIM was 3.32% versus 3.22% in Q2.

• Non-interest income was $14.1 million; non-interest expense was $65.5 million and adjusted expense was $64.3 million.

• Total deposits were $13.14 billion, up $1.08 billion YoY; core deposits grew $1.18 billion, and cash and due from banks totaled $2.18 billion.

• Assets were $15.55 billion at Sept. 30, 2026, up $205.2 million from year-end; loans increased $148.8 million and securities rose $182.0 million.

Outlook and guidance

• Management expects continued NIM expansion and net interest income growth, supported by loan repricing through 2027; Q4 NIM is expected to expand.

• Existing-balance-sheet run-rate NIM outlook for end-2027 rose to above 360 bps; management targets ROA above 130 bps in 2H 2027.

• Loan growth is expected at a low- to mid-single-digit pace over the next 6–9 months; multifamily runoff is estimated at $500 million.

• Q4 core cash operating expenses, excluding intangible amortization, are expected near $66 million; the Q4 2026 tax rate is expected at 28.5%.

• Provision levels of $13–$15 million are expected to remain reasonable for the next couple of quarters, with potential credit-related variability.