Dime Commercial Bancshares (DCOM) Q2 2026 earnings summary

Executive summary

• Achieved record quarterly revenue of $126 million, with core EPS up 23% year-over-year and net income for Q2 2026 at $34.8 million, up from $29.7 million in Q2 2025.

• Significant progress in organic growth, talent acquisition, deposit quality, and balance sheet diversification.

• Completed rebranding to Dime Commercial Bank in Q2 2026, reflecting a shift to commercial and municipal focus.

• Announced plans to resume share repurchases in Q3 2026, supported by improved capital ratios and profitability.

• Total assets decreased to $15.04 billion from $15.34 billion at year-end 2025, mainly due to lower cash and loans, partially offset by higher securities.

Financial highlights

• Core EPS for Q2 was $0.79 per share; adjusted net income (non-GAAP) was $34.7 million.

• Net interest income rose to $115.2 million for Q2 2026, up $17.1 million year-over-year; net interest margin increased to 3.28% from 2.98%.

• Business loans grew $743 million year-over-year, a 26% increase, reaching $3.65 billion.

• Loan loss provision was $14 million for Q2; allowance for credit losses to total loans at 0.98%.

• Book value per common share increased to $31.79 at June 30, 2026.

Outlook and guidance

• Management expects continued loan repricing opportunities through 2027, modest NIM expansion in Q3, and more pronounced expansion in Q4 and 2027.

• $2.5 billion in loans at 4.25% to reprice or mature over next 18 months, supporting NIM growth.

• Business loan portfolio expected to grow $200–$250 million per quarter.

• Core cash operating expenses for the remainder of the year guided to $130–$131 million.

• Share repurchases are set to resume in Q3 2026, with 1.57 million shares remaining authorized.