DCOM · Dime Community Bancshares, Inc. Q2 FY2026 earnings call record财报电话会记录

“Our loan pipeline continues to be very strong and is approximately $1.4 billion with a weighted average rate of approximately 6.25%.”

“Over 70% of our deposit base is from commercial and municipal customers, and approximately 60% of our loan portfolio is business and commercial real estate.”

“Excluding the impact of day count and the benefits from purchase accounting and prepayment fees, the run rate NIM for the second quarter would have been closer to 322 compared to a 314 run rate NIM for the prior quarter.”

“Our tangible equity ratio crossed 9%, our common equity Tier 1 ratio grew to 12%, and our total capital ratio was 16.3%.”

“Our stated position has been that when the CRE ratio was lowered to the mid-350 level, the buyback would be back on the table.”

“In the near to medium term, we expect to operate with a CET1 ratio between 11.25%-11.5%, which gives us room for both organic growth as well as buybacks.”

“Then on capital here with repurchases and the 11.25% and 11.5% target, is that something you guys are going to seek to achieve in the second half and just manage with that over, I think it was the medium term?”

“This is going to be part and parcel of organic growth dividends and buyback as the bank used to do prior to wanting to reduce the CRE ratio.”

“I know 2028 is still a ways out, but given the industry saw such a meaningful step in loan yields back in 2023, should we expect some of the repricing benefits to begin tapering off as we get into late 2027 or early 2028?”

“Because we did so much of PPP back in the 2021, 2022 timeframe, the volume of loans that are repricing over the next 18 months is significant, right?”

“Because of the makeup of our deposit base with 31% DDA and really being business-focused, we do not have a lot of consumer, we do not have CDs, we have never been in that market.”

“With the continued growth of bringing on new customers and new business relationships, including DDA, we are pretty comfortable that we can maintain our cost of funds within the range that we have specified.”