DCOM Earnings Prediction
The chart below shows how DCOM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DCOM sees a -3.41% change in stock price 10 days leading up to the earnings, and a -2.93% change 10 days following the report. On the earnings day itself, the stock moves by +0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
DCOM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
48.59M
-36.18%
-39.59%
Gross Margin
--
--
--
Operating Margin
-31.26%
-191.43%
-238.26%
Net Margin
-42.01%
-296.13%
-353.53%
EPS
-0.54
-245.95%
-286.21%
No Data Available
DCOM Earnings Analysis
Dime Community Bancshares Inc Corporation (DCOM.O) Earnings Conference Call
Positive
Deposit Growth Achievement: Collectively, the deposit groups have raised approximately $1,800,000,000 of core deposits with approximately 40% in non-interest bearing deposits, demonstrating strong customer acquisition and deposit growth.
Business Loan Demand Surge: Business loans were up over $70,000,000 in the 4th quarter and $400,000,000 for the full year, indicating robust demand in the C and I and healthcare verticals.
Capital Ratio Strength: The company ended the year with a common equity Tier 1 ratio in excess of 11% and a total capital ratio in excess of 15.5%, positioning it favorably against peers for future growth opportunities.
Net Interest Margin Improvement: The net interest margin (NIM) increased to $2.79 in the 4th quarter, with a clear pathway to return to a 3% NIM in 2025, enhancing future earnings potential.
Outstanding CRA Rating: The company received its 2nd consecutive outstanding CRA rating, achieving perfect scores on all three component tests, underscoring its commitment to community engagement and operational excellence.
Negative
Lending Activity Slowdown: Loan growth was limited to low single digits for 2025, indicating a slowdown in lending activity compared to previous years.
Loan Loss Provisions Increase: The bank experienced a significant increase in loan loss provisions, totaling $13,700,000 in Q4, raising the allowance to loans to 82 basis points, which is below the medium-term target of 90 to 100 basis points.
Operating Expenses Consistency: Core cash operating expenses for Q4 were $57,700,000, consistent with previous guidance, but indicate a lack of cost reduction despite the need for efficiency in a challenging environment.
Seasonal Deposit Volatility: The bank's reliance on seasonal deposits was highlighted, with approximately $150,000,000 of seasonal tax receiver municipal deposits expected to leave the bank in mid-January, indicating potential volatility in deposit levels.
Pension Plan Termination Expense: The bank anticipates an additional $4,500,000 pretax termination expense in Q1 2025 related to the pension plan, which could impact financial performance in the near term.
DCOM FAQs
How does DCOM typically perform around its earnings report dates?
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DCOM Earning Call Sentiment
Earnings call transcript: Dime Community Q4 2024 sees revenue beat, EPS miss
DCOM.O
1.77%Positive
The earnings call highlights strong core deposit growth, improved loan-to-deposit ratio, and a successful equity offering. The NIM is on an upward trajectory, and adjusted EPS increased significantly. Despite some risks, such as supply chain challenges and elevated charge-off rates, the guidance remains optimistic with stable portfolios and strategic growth plans. The Q&A section reveals cautious optimism with potential for acquisitions and solid deposit growth expectations. Overall, the positive financial performance and optimistic guidance suggest a likely stock price increase in the short term.
