Dime Commercial Bancshares reports record Q3 revenue and announces $58 M ES Bancshares acquisition
Dime Commercial Bancshares posted a record third‑quarter 2026 revenue and adjusted EPS, driven by strong deposit and loan growth. Net interest margin expanded to 3.35% and the efficiency ratio fell below 48%. The bank also disclosed a definitive agreement to acquire ES Bancshares for $58 million, adding an Empire State Bank presence in New York City.
Why it matters
The earnings beat and margin expansion improve the bank’s profitability outlook, while the acquisition is expected to be accretive to earnings by about 3.5% on a run‑rate basis, according to management. The deal also expands Dime’s geographic footprint, potentially boosting future deposit and loan growth.
Key facts
- 1Record third‑quarter 2026 revenue of $135.35 million uk.investing.com
- 2Adjusted diluted EPS of $0.91 per share tradingview.com
- 3Net interest margin increased to 3.35% for the quarter stocktitan.net
- 4Total deposits grew by $1.08 billion year‑over‑year stocktitan.net
- 5Business loans rose $929 million year‑over‑year, a 30% increase uk.investing.com
- 6Acquisition of ES Bancshares for $58 million cash consideration investing.com
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.