filecrux
Oct 20, 10:27 AM
$DCOM Follow-up: Dime Commercial Bancshares (~
$15B-asset New York bank), which said Oct 20 it intends to acquire Staten Island's ES Bancshares, reported non-performing assets of
$99.5M at Sept 30, up from
$69.0M at June 30. Multifamily non-accruals led (
$47.8M vs
$26.9M); reserves cover 112% of bad loans vs 157%. NPAs are 0.64% of
$15.5B assets and ~5.8% of its ~
$1.71B market value at
$38.7 (16:00 ET, Oct 19, 2026). Other side: Q3 EPS rose 53% y/y to
$0.90; CEO expects margin gains as loans reprice through 2027. Call 8:30 ET Oct 20.
0 replies