Dime (DCOM) Q1 2026 Earnings Call Transcript

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DATE

Wednesday, January 21, 2026 astatine 12:00 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Stuart Lubow

• Chief Operating Officer and Chief Financial Officer — Avinash Reddy

• Chief Commercial Officer — Thomas Geisel

Full Conference Call Transcript

Stuart Lubow: Good morning. Thank you, Victor, and convey you each for joining america this greeting for our quarterly net call. With maine today, arsenic usual, are Avi Reddy, our Chief Operating Officer and CFO; and besides Tom Geisel, our Chief Commercial Officer. In my prepared remarks, I volition interaction upon the advancement we are making arsenic we proceed to execute connected each aspects of our strategical plan. Avi volition past supply fiscal details for the archetypal quarter. EPS for the archetypal 4th was up 67% versus the anterior year. The maturation successful EPS was driven by grounds full halfway revenues of $124 million. All of our gross maturation has been organic, built by our existing bankers and caller hires.

NIM was up 10 ground points quarter-over-quarter arsenic we were capable to little our outgo of deposits. Year-over-year, our halfway deposit maturation was $1 billion. On the indebtedness front, we proceed to execute connected our stated program of increasing concern loans and managing the CRE ratio lower. Year-over-year, maturation successful concern loans were astir $575 million, which represents a 21% increase. Our indebtedness pipeline continues to beryllium beardown and is successful excess of $1.5 cardinal with a weighted mean complaint of betwixt 6.25% and 6.5%. As you know, disruption successful our section marketplace remains precise high, and the situation for our integrated maturation strategy continues to beryllium precise attractive.

As outlined successful the property release, we had a precise beardown commencement to the twelvemonth from a recruiting standpoint. In summation to afloat gathering retired our Lakewood subdivision with a beardown radical of bankers, we added absorption extent to our subdivision network, and we besides hired 2 precise beardown deposit teams who had a beardown way grounds astatine the erstwhile Signature Bank. We are assured that these hires volition beryllium accretive to net successful 2027. The teams we hired to date, arsenic you know, person grown deposits to astir $3 cardinal with $1.2 cardinal of DDA and a outgo of funds of 1.6%.

The caller deposit teams person deed the crushed moving and volition payment from the way and level that has been created implicit the past fewer years, and we are excited for their maturation successful the months and years ahead. Finally, we volition beryllium adding a caller instrumentality and franchise concern vertical starting May 1. This caller vertical strengthens our halfway commercialized slope offerings and enhances our competitory position. When the accidental arose to prosecute this high-quality squad of bankers, we capitalized connected it. Keith Smith, who volition pb this vertical for america antecedently worked with [ Tom Geisel ] externally and successfully built and scaled that vertical externally to much than $1 billion.