DCOM
Dime Commercial Bancshares, Inc. /NY/
Next earnings Jul 22, 2026 · consensus $0.81 EPS, $123M rev
Last earnings +4.3% on 2026-04-23
$40.31
▼ -0.44%$40.31▲ +52.64%
over 1Y
L $25.39H $40.59
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.4%
1W+0.9%
1M+8.3%
3M+18.6%
YTD+37.0%
1Y+52.6%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 11 analysts
Buy
Recovered earnings and fair 1.2x book support the price, but NYC multifamily concentration and a sub-cost-of-capital 7.5% ROE cap the upside.
Diluted EPS $2.36 · FY2025
The read
Middling fundamentals offset by an attractive price (~122% below fair value) — worth a look on the value angle.
Dime is a $15.3B-asset New York commercial bank whose earnings are recovering hard off a 2024 trough: net income swung from $29.1M (FY2024) to $111M (FY2025) and diluted EPS jumped to $2.36 (+329%), driven by net interest margin normalization rather than the $19.9M of fee 'revenue' the XBRL tag captures. Ignore the headline 556% net margin and 89x P/S — those are artifacts of tagging only non-interest income as revenue; for a bank, net interest income and book value are what matter. On that basis the balance sheet is solid: $1.48B equity, $854M retained earnings, cash up 83% to $2.35B (a real liquidity build), and 9.4x liabilities/equity that is normal bank leverage. Operating cash flow of $187M (+88%) comfortably funds the $42.9M dividend.
The quality flags temper the recovery. ROE is only 7.5% — below a ~10% cost of equity — so the franchise is not yet earning its keep, and the five-year net-income path ($104M→$153M→$96M→$29M→$111M) shows how rate-sensitive and volatile this earnings stream is. The 10-K is candid about concentration: the loan book is overwhelmingly commercial, multi-family and residential real estate in Greater Long Island and Manhattan, with non-owner-occupied CRE at $2.93B (27.3%) and business loans $3.24B (30.1%). Multifamily collateral is exposed to NY rent regulation, and management explicitly calls out newly elected NYC Mayor Zohran Mamdani's support for rent freezes and expanded tenant protections as a risk that could compress rental income, property values and borrower credit quality.
Is DCOM a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~60d expiry
- Long 100 shares @ ~40.31
- Short call 42 @ ~0.76 est
debit $3,955max +$245max −$3,954BE 39.55
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $16.0M | $16.2M | $16.4M | $16.7M | $19.9M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $104M | $153M | $96.1M | $29.1M | $111M |
| Diluted EPS | $2.45 | $3.73 | $2.29 | $0.55 | $2.36 |
| Net margin | 650.1% | 941.4% | 584.6% | 173.9% | 556.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF9.7
PEG (trailing)0.06
Earnings yield6.2%
FCF yield10.3%
Quality & risk
ROIC (est.)—
Free cash flow$183M
Total debt—
Net cash$2.35B
Piotroski F-Score5/6
Capital returns
Buyback yield0.1%
Dividend yield (est.)2.4%
Shareholder yield2.5%
Shares Δ YoY+0.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Other event2026-06-25
Other-events disclosure with exhibits (likely dividend/capital action); no material change
- 8-K Officer / director change2026-06-01
Annual meeting: voting results, director/officer changes and bylaw amendments
- 8-K Other event2026-05-27
Other-events disclosure; routine corporate update, no financial impact stated
- 10-Q Quarterly report2026-05-01
Q1 2026 (period 3/31): earnings momentum continues, assets $15.3B, equity stable
- 8-K Other event2026-04-23
Q1 2026 earnings release; results consistent with strong post-FY25 earnings recovery
- 8-K Earnings results2026-04-23
Q1 2026 earnings release; results consistent with strong post-FY25 earnings recovery
- DEF 14A Proxy statement2026-04-13
Annual proxy: director elections and exec-comp say-on-pay; routine governance
- 8-K Other event2026-03-25
Other-events disclosure with exhibits; routine, no material shareholder change
- 10-K Annual report2026-02-20
FY25 net income $111M (+281%), EPS $2.36; NY multifamily/rent-freeze risk flagged
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-252026-06-25open ↗4Period ending 2026-06-182026-06-23open ↗144Filing2026-06-18open ↗144Filing2026-06-18open ↗144Filing2026-06-18open ↗144Filing2026-06-18open ↗4Period ending 2026-06-122026-06-16open ↗144Filing2026-06-15open ↗144Filing2026-06-15open ↗144Filing2026-06-15open ↗144Filing2026-06-15open ↗4Period ending 2026-06-092026-06-10open ↗
Frequently asked
- Is Dime Commercial Bancshares, Inc. /NY/ (DCOM) a buy?
- DCOM currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Recovered earnings and fair 1.2x book support the price, but NYC multifamily concentration and a sub-cost-of-capital 7.5% ROE cap the upside.
- What is DCOM's fair value?
- A Modified-Graham model based on DCOM's SEC fundamentals estimates a fair value of about $89.68. It is an estimate from reported earnings, not a price target.
- Is DCOM overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DCOM currently appears undervalued relative to its SEC-grounded earnings power.
- What is Dime Commercial Bancshares, Inc. /NY/'s quality score?
- DCOM scores 74.84214595240411/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000846617, latest 10-Q filed 2026-05-01) · EODHD · Proprietary analysis · as of 6/30/2026, 5:12:30 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 30, 2026, 1:12 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.