# Dime Community Bancshares (DCOM.US)

Canonical: https://gigainvestors.com/s/DCOM

Analysis as of: 2026-10-15T06:33:37.847Z. Financial observations: FY2015–FY2025.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $38.78 per share; close as of 2026-10-15.

Estimated value: low $22.10 per share, central $26.64 per share, high $33.51 per share. Buy at or below the central value $26.64 per share. Valuation as of 2026-10-15T06:33:37.847Z; scenarios are not confidence intervals.

Expected annual return: 8.5% at the stated quote. About 8.5% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- Financial history: 10 years

- Profitable years in the last ten: 10

- Required profitable years: 9

- Return on common equity variation (informational): 0.38×

Chart: Net income; fiscal year observations.

- FY2016: $72M

- FY2017: $52M

- FY2018: $51M

- FY2019: $36M

- FY2020: $38M

- FY2021: $97M

- FY2022: $144M

- FY2023: $96M

- FY2024: $29M

- FY2025: $111M

### moat: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- median return on common equity below threshold

- Bank / P&C ROTE, median of available years: 9.2%

- Required median return: 12.0%

- Return uses tangible common equity: Yes

- Bank ROTE, second-lowest year: 5.8%

- Years with reported combined ratio: 0

Chart: Return on tangible common equity; fiscal year observations.

- FY2016: 15.9%

- FY2017: 9.6%

- FY2018: 10.4%

- FY2019: 6.7%

- FY2020: 5.8%

- FY2021: 9.4%

- FY2022: 14.3%

- FY2023: 9.0%

- FY2024: 2.4%

- FY2025: 8.4%

### economics: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Book value per share + reinvested dividends, annualized return: 14.4%

- Book return interval: 10 years

- Starting book value per share: $11.84

- Ending book value per share: $30.59

Chart: Annual book + dividend return; fiscal year observations.

- FY2016: 9.2%

- FY2017: 20.5%

- FY2018: -3.8%

- FY2019: 17.7%

- FY2020: 35.7%

- FY2021: 35.4%

- FY2022: 7.1%

- FY2023: 9.5%

- FY2024: 14.6%

- FY2025: 4.7%

### management: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Diluted shares, 10-year annual growth: 1.7%

- Diluted shares, 5-year annual growth: 5.7%

- Share growth excluding flagged crisis recapitalisations: 1.7%

- Five-year share growth excluding flagged crisis recapitalisations: 5.7%

- Flagged crisis recapitalisations: 0

- Book created / earnings retained after dividends and buybacks: 3.86×

- Book value created per share: $18.75

- Earnings retained per share after dividends and buybacks: $4.86

Chart: Shares (first year = 100); fiscal year observations.

- FY2015: 100

- FY2016: 101

- FY2017: 103

- FY2018: 102

- FY2019: 99

- FY2020: 90

- FY2021: 111

- FY2022: 106

- FY2023: 107

- FY2024: 112

- FY2025: 119

### accounting: pass

- Financial accounting warning count: 0

- Known restatement years: 0

- Years loan growth exceeded twice deposit growth: 0

## Holders

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

The price assumes profits grow 6.7% a year forever · net income +280.6%

Story as of 2026-10-16T09:58:37.255Z; price observation 2026-10-15.

The price assumes profits grow 6.7% a year forever

- 2025-07-24: Dime Community earnings beat by $0.01, revenue topped estimates ([investing.com](https://www.investing.com/news/earnings/dime-community-earnings-beat-by-001-revenue-topped-estimates-4150510))

### Net income · FY2025

net income +280.6%; source https://www.sec.gov/Archives/edgar/data/1005409/000114036120005636/form10k.htm; observed 2020-03-12.

- FY2016: $72M 

- FY2017: $52M 

- FY2018: $51M 

- FY2019: $36M 

- FY2020: $38M 

- FY2021: $97M 

- FY2022: $144M 

- FY2023: $96M 

- FY2024: $29M 

- FY2025: $111M 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in regional banking; annual sales are USD 730.4 million.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2020-03-12); FY2025: revenue 730375000.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); DCOM.US: Dime Commercial Bancshares, Inc. operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services in the United Stated. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also provides commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans. In addition, the company invests in Federal Home Loan Bank, Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities; U.S. Treasury securities; New York state and local municipal obligations; U.S. government-sponsored enterprise securities; and corporate bonds. Further, the company offers certificate of deposit account registry services and insured cash sweep programs; federal deposit insurance corporation insurance; merchant credit and debit card processing, automated teller machines, cash and treasury management services, escrow account services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts; investment products and services through a third-party broker dealer; and title insurance broker services for small and medium sized businesses, and municipal and consumer relationships. The company was formerly known as Dime Community Bancshares, Inc. and changed its name to Dime Commercial Bancshares, Inc. in May 2026. Dime Commercial Bancshares, Inc. was founded in 1910 and is headquartered in Hauppauge, New York.

### Why customers stay

It earns 9.2% on shareholders’ money, excluding intangible assets.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2020-03-12); 10-year return on tangible equity observations [[2016,0.15927469027171617],[2017,0.09624243325925444],[2018,0.10417171789203451],[2019,0.06698756891428487],[2020,0.0584584475454772],[2021,0.09403370667434156],[2022,0.14254116441742398],[2023,0.09019785632959097],[2024,0.0235150676248197],[2025,0.08403883271046914]]; median 0.09211578150196627. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2020-03-12); Dividend observations: [[2016,20581000],[2017,21004000],[2018,20826000],[2019,20082000],[2020,23494000],[2021,46637000],[2022,44077000],[2023,44588000],[2024,45322000],[2025,50211000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 3.6% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); DCOM.US SharesStats.PercentInsiders = 3.553 percentage points; cache date 2026-10-15.

### What the price says

The price assumes profits grow 6.7% a year forever.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2020-03-12); Price 38.78; FX 1; original perpetual distributable cash 1.298743619621935; discount 0.1; growth 0.06650996339293619. Same book-value model and 4× ceiling; no ten-year operating fade applies. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $27.55 per share

- 2016-11: $33.65 per share

- 2016-12: $37.90 per share

- 2017-01: $36.15 per share

- 2017-02: $35.65 per share

- 2017-03: $35.00 per share

- 2017-04: $36.25 per share

- 2017-05: $33.25 per share

- 2017-06: $33.30 per share

- 2017-07: $32.50 per share

- 2017-08: $30.90 per share

- 2017-09: $33.95 per share

- 2017-10: $35.50 per share

- 2017-11: $35.95 per share

- 2017-12: $35.00 per share

- 2018-01: $34.30 per share

- 2018-02: $33.20 per share

- 2018-03: $33.55 per share

- 2018-04: $32.90 per share

- 2018-05: $36.95 per share

- 2018-06: $35.95 per share

- 2018-07: $35.80 per share

- 2018-08: $35.00 per share

- 2018-09: $33.20 per share

- 2018-10: $29.70 per share

- 2018-11: $29.52 per share

- 2018-12: $25.49 per share

- 2019-01: $30.79 per share

- 2019-02: $32.97 per share

- 2019-03: $29.30 per share

- 2019-04: $30.99 per share

- 2019-05: $27.83 per share

- 2019-06: $29.46 per share

- 2019-07: $29.21 per share

- 2019-08: $26.91 per share

- 2019-09: $29.56 per share

- 2019-10: $32.40 per share

- 2019-11: $32.68 per share

- 2019-12: $33.53 per share

- 2020-01: $30.35 per share

- 2020-02: $27.52 per share

- 2020-03: $21.16 per share

- 2020-04: $20.69 per share

- 2020-05: $21.30 per share

- 2020-06: $22.84 per share

- 2020-07: $18.09 per share

- 2020-08: $20.01 per share

- 2020-09: $17.43 per share

- 2020-10: $19.54 per share

- 2020-11: $22.32 per share

- 2020-12: $24.18 per share

- 2021-01: $24.43 per share

- 2021-02: $29.41 per share

- 2021-03: $30.14 per share

- 2021-04: $33.12 per share

- 2021-05: $34.71 per share

- 2021-06: $33.62 per share

- 2021-07: $33.02 per share

- 2021-08: $33.00 per share

- 2021-09: $32.66 per share

- 2021-10: $35.68 per share

- 2021-11: $34.30 per share

- 2021-12: $35.16 per share

- 2022-01: $34.96 per share

- 2022-02: $33.99 per share

- 2022-03: $34.57 per share

- 2022-04: $31.44 per share

- 2022-05: $31.44 per share

- 2022-06: $29.65 per share

- 2022-07: $34.08 per share

- 2022-08: $31.26 per share

- 2022-09: $29.28 per share

- 2022-10: $34.53 per share

- 2022-11: $35.67 per share

- 2022-12: $31.83 per share

- 2023-01: $29.82 per share

- 2023-02: $30.64 per share

- 2023-03: $22.72 per share

- 2023-04: $20.60 per share

- 2023-05: $16.20 per share

- 2023-06: $17.63 per share

- 2023-07: $22.40 per share

- 2023-08: $21.31 per share

- 2023-09: $19.96 per share

- 2023-10: $18.39 per share

- 2023-11: $20.10 per share

- 2023-12: $26.93 per share

- 2024-01: $22.81 per share

- 2024-02: $18.74 per share

- 2024-03: $19.26 per share

- 2024-04: $18.20 per share

- 2024-05: $18.47 per share

- 2024-06: $20.40 per share

- 2024-07: $25.28 per share

- 2024-08: $26.01 per share

- 2024-09: $28.80 per share

- 2024-10: $30.07 per share

- 2024-11: $35.88 per share

- 2024-12: $30.74 per share

- 2025-01: $31.23 per share

- 2025-02: $31.00 per share

- 2025-03: $27.88 per share

- 2025-04: $25.69 per share

- 2025-05: $25.66 per share

- 2025-06: $26.94 per share

- 2025-07: $27.71 per share

- 2025-08: $30.76 per share

- 2025-09: $29.83 per share

- 2025-10: $26.25 per share

- 2025-11: $28.35 per share

- 2025-12: $30.09 per share

- 2026-01: $34.02 per share

- 2026-02: $32.35 per share

- 2026-03: $33.82 per share

- 2026-04: $35.89 per share

- 2026-05: $37.42 per share

- 2026-06: $40.65 per share

- 2026-07: $40.76 per share

- 2026-08: $40.40 per share

- 2026-09: $39.42 per share

- 2026-10: $38.14 per share

## Annual estimated value (USD per share)

- FY2016: low $20.42 per share, central $25.53 per share, high $34.03 per share

- FY2017: low $20.47 per share, central $25.59 per share, high $34.12 per share

- FY2018: low $15.19 per share, central $18.99 per share, high $25.31 per share

- FY2019: low $15.32 per share, central $16.85 per share, high $18.73 per share

- FY2020: low $18.55 per share, central $23.03 per share, high $30.36 per share

- FY2021: low $22.72 per share, central $28.01 per share, high $36.51 per share

- FY2022: low $23.30 per share, central $28.75 per share, high $37.55 per share

- FY2023: low $23.67 per share, central $29.09 per share, high $37.74 per share

- FY2024: low $24.24 per share, central $29.54 per share, high $37.81 per share

- FY2025: low $21.92 per share, central $26.41 per share, high $33.23 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:33:37.847Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1005409/000114036120005636/form10k.htm); period 2019-12-31, filed 2020-03-12.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.