NYSE$DCOM
Dime Community Bancshares Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Dime Community Bancshares experienced a net loss due to loss-on-sale of securities, severance expense, and pension plan termination expenses, though adjusted net income increased.
Dime Community Bancshares reported a net loss of $22.2 million for Q4 2024, primarily due to a loss on the sale of securities and other expenses. However, adjusted net income totaled $17.4 million, reflecting an increase compared to the previous quarter and the year-ago quarter. The net interest margin expanded, and core deposits increased.
- Net loss of $22.2 million, or $(0.54) per diluted common share.
- Adjusted net income (non-GAAP) totaled $17.4 million, or $0.42 per share.
- Total deposits increased by $268.8 million compared to the third quarter of 2024.
- Net interest margin increased to 2.79% for the fourth quarter of 2024.
Headline financials
Revenue & EPS history
Dime · Revenue · Quarterly
$57.2M
Revenue by segment
Dime · $143M total across 6 segments · Q3 2023
- Multifamily Residential$46.1M—32.2%
- Commercial RE (Non-Owner)$44.2M—30.9%
- Business Loans$38.4M—26.8%
- 1-4 Family Residential$9.17M—6.4%
- Acquisition & Construction$5.08M—3.5%
- Other Loans$88K—0.1%
Forward guidance
Dime Community Bancshares anticipates that the full quarter impact of the securities repositioning completed in November will positively impact the NIM in 2025, and adjusted non-interest expense base was relatively flat in the fourth quarter of 2024 compared to the prior quarter.
Tailwinds
- Securities repositioning to positively benefit NIM in 2025
- Strong growth in core deposits
- Proactive management of deposit rates
- Capital ratios are now best-in-class
- Adjusted non-interest expense base was relatively flat in the fourth quarter of 2024 compared to the prior quarter.
Headwinds
- Net loss due to loss-on-sale of securities
- Severance expense impacted net income
- Pension plan termination expenses affected profitability
- Taxable gain and MEC Tax on surrender of legacy BOLI assets
- Non-performing loans increased compared to the previous year
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.1%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+8.5%
Q4 2025
Best reaction
-9.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | +0.9% | +2.7% | |
| Q4 2025 | +8.5% | +9.9% | +13.8% | |
| Q3 2025 | -0.7% | -3.9% | +4.7% | |
| Q2 2025 | -0.8% | -3.8% | +3.7% | |
| Q1 2025 | +2.8% | +2.0% | +0.4% | |
| Q4 2024 | -2.4% | -3.1% | -3.7% | |
| Q3 2024 | +3.2% | +1.1% | +19.8% | |
| Q2 2024 | +0.4% | +6.6% | -2.7% | |
| Q1 2024 | +1.7% | +0.1% | -1.1% | |
| Q4 2023 | -1.3% | -9.0% | -23.9% | |
| Q3 2023 | -8.3% | -9.4% | +5.0% | |
| Q2 2023 | +3.4% | +4.6% | -2.6% | |
| Q1 2023 | +1.7% | -7.0% | -12.3% | |
| Q4 2022 | -8.2% | -5.6% | -7.8% | |
| Q3 2022 | +4.3% | -0.8% | +5.1% | |
| Q2 2022 | +5.9% | +3.3% | -0.2% | |
| Q1 2022 | -9.5% | -4.7% | -8.7% | |
| Q4 2021 | -0.4% | -2.5% | -2.5% | |
| Q3 2021 | +7.6% | +9.9% | +1.6% | |
| Q2 2021 | -2.0% | -0.5% | +0.3% | |
| Q1 2021 | +0.4% | +2.0% | +4.4% | |
| Q4 2020 | -2.3% | -1.7% | -1.1% | |
| Q3 2020 | -7.6% | -3.0% | +20.5% | |
| Q2 2020 | +3.3% | +0.4% | +11.3% | |
| Q1 2020 | -0.7% | -4.5% | +2.2% | |
| Q4 2019 | +0.3% | -3.0% | -12.9% | |
| Q3 2019 | +6.5% | +8.5% | +8.7% | |
| Q2 2019 | +0.8% | +1.4% | -8.7% | |
| Q1 2019 | +0.6% | +1.5% | -5.6% | |
| Q4 2018 | +1.0% | +8.8% | +18.0% | |
| Q3 2018 | +3.1% | +2.0% | +1.8% | |
| Q2 2018 | +3.9% | +3.5% | +2.2% | |
| Q1 2018 | +0.0% | +0.0% | +10.1% | |
| Q4 2017 | +0.3% | -1.8% | -4.8% | |
| Q3 2017 | +5.6% | +1.7% | -1.1% | |
| Q2 2017 | -2.6% | -1.5% | -5.2% | |
| Q1 2017 | -2.7% | -2.7% | -8.5% | |
| Q4 2016 | -0.4% | -1.8% | -1.2% | |
| Q3 2016 | +1.8% | -0.7% | +21.1% | |
| Q2 2016 | +0.0% | -3.6% | -0.0% | |
| Q1 2016 | -1.7% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +3.7% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | -4.2% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | -1.0% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q1 2012 | +3.3% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q4 2010 | +2.7% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q1 2010 | +4.3% | — | — |
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