Dime Community (DCOM) Q1 2025 Earnings Call Highlights
During Dime Community's Q1 2025 earnings call, CEO Stuart Lubow highlighted a $1.3 billion year-over-year increase in core deposits and progress on reducing brokered deposits and FHLB borrowings. The company reported a reduced cost of deposits to 2.09% and an increased net interest margin (NIM) for the fourth consecutive quarter, reaching approximately 2.9%. Business loan growth was also noted at over $60 million in Q1.
Topics: banking deposits loans net_interest_margin