Dime Community Bancshares (DCOM) Reports Q2: Everything You Need To Know Ahead Of Earnings

Regional bank Dime Community Bancshares (NASDAQ:DCOM) will be announcing earnings results this Thursday before market open. Here’s what to expect.

Dime Community Bancshares missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $103.8 million, up 26.6% year on year. It was a softer quarter for the company, with a miss of analysts’ net interest income estimates and a slight miss of analysts’ EPS estimates.

Is Dime Community Bancshares a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Dime Community Bancshares’s revenue to grow 22.5% year on year to $107 million, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dime Community Bancshares has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Dime Community Bancshares’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results.

Read our full analysis of City Holding’s results here and Texas Capital Bank’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. Dime Community Bancshares is up 4.6% during the same time and is heading into earnings with an average analyst price target of $35.40 (compared to the current share price of $28.37).

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