Dime Comm Bancshare Pref Share DCOMP 5.5 Perp 02/15/25 | 10-Q: FY2025 Q2 EPS: USD 0.64

EPS: As of FY2025 Q2, the actual value is USD 0.64.

Segment Revenue

• Interest Income: $167,550 thousand for the three months ended June 30, 2025, compared to $159,418 thousand for the same period in 2024. For the six months ended June 30, 2025, interest income was $329,415 thousand compared to $320,427 thousand in 2024.
• Non-Interest Income: $11,595 thousand for the three months ended June 30, 2025, compared to $11,808 thousand for the same period in 2024. For the six months ended June 30, 2025, non-interest income was $21,228 thousand compared to $22,275 thousand in 2024.

Operational Metrics

• Net Interest Income: $98,097 thousand for the three months ended June 30, 2025, compared to $75,502 thousand for the same period in 2024. For the six months ended June 30, 2025, net interest income was $192,310 thousand compared to $147,032 thousand in 2024.
• Provision for Credit Losses: $9,221 thousand for the three months ended June 30, 2025, compared to $5,585 thousand for the same period in 2024. For the six months ended June 30, 2025, provision for credit losses was $18,847 thousand compared to $10,795 thousand in 2024.
• Net Income: $29,697 thousand for the three months ended June 30, 2025, compared to $18,479 thousand for the same period in 2024. For the six months ended June 30, 2025, net income was $51,155 thousand compared to $36,170 thousand in 2024.
• Non-Interest Expense: $60,299 thousand for the three months ended June 30, 2025, compared to $55,694 thousand for the same period in 2024. For the six months ended June 30, 2025, non-interest expense was $125,810 thousand compared to $108,205 thousand in 2024.

Cash Flow

• Operating Cash Flow: $88,483 thousand for the six months ended June 30, 2025, compared to $43,358 thousand for the same period in 2024.
• Investing Cash Flow: -$92,224 thousand for the six months ended June 30, 2025, compared to $55,718 thousand for the same period in 2024.
• Financing Cash Flow: -$123,076 thousand for the six months ended June 30, 2025, compared to -$142,640 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: $93,189 thousand as of June 30, 2025, compared to $88,751 thousand as of December 31, 2024.
• Non-Performing Loans: $53,214 thousand as of June 30, 2025, compared to $24,843 thousand as of June 30, 2024.
• Net Charge-Offs: $5,405 thousand for the three months ended June 30, 2025, compared to $3,640 thousand for the same period in 2024. For the six months ended June 30, 2025, net charge-offs were $12,463 thousand compared to $4,379 thousand in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on its core business areas, including commercial and consumer lending, personal and business banking, treasury management, and merchant services. The company aims to maintain a strong net interest margin and manage its exposure to interest rate movements through the use of interest rate derivatives.
• Non-Core Business: The company will continue to monitor and manage its non-core business activities, including its title insurance subsidiary and investment services. The company will also explore opportunities to sell or securitize selected multifamily residential, mixed-use, or one-to-four family residential real estate loans to private sector secondary market purchasers.
• Priority: The company emphasizes maintaining a strong capital position and liquidity to support its lending and investment activities. The company will continue to monitor its deposit flows and manage its borrowing capacity through the FHLBNY and other sources.