Dime Community Bancshares, Inc. · NYSE:DCOM
Dime Community Bancshares — Investor Presentation (November 2015)
29 slides from Dime Community Bancshares's investor presentation, Nov 12, 2015
Slide 1: Investor Presentation November 2015
INVESTOR PRESENTATIONNovember 2015 “Lending for the Way New Yorkers Live”
Slide 2: About Dime
2 about… DIMENEW YORK CITY’S PREMIER COMMUNITY BANK MULTIFAMILY LENDER SINCE 1965 Dime Community Bancshares, Inc., is the holding company for The Dime Savings Bank of Williamsburgh, a $4.83 billion dollar institution.Community retail bank model with an emphasis on New York City Multifamily Lending.L
Slide 3: Branch Network
Branch Network 3 25 Branches in New York City metropolitan area. Average branch size = $121.2 million as of September 30, 2015 (1) Data as of September 30, 2015 Source: FDIC(2) As of September 30, 2015 County 2015 Market Share Rank (1) Number of Dime Branches (2) Deposits in Market ($mm) Total Marke
Slide 4: Key Officers & Directors
Key Officers & Directors 4 * Amounts per page 4 of the Company’s proxy statement dated April 13, 2015. Name Title Tenure Inside Ownership* EXECUTIVE OFFICERS and DIRECTORS: Vincent F. Palagiano Chairman & CEO 45 years 2.9% (966,592 shares) Michael P. Devine (retiring Dec. 31st) Vice Chairman & Presi
Slide 5: Initiatives: Investing in the Business
Initiatives: Investing in the Business 5 Plans for three new Brooklyn branches to open by summer 2016.Including 2 new branches in Williamsburg and 1 in Park Slope.Business banking outreach to commercial borrowers to grow business deposits.Recently added a seasoned 3-member team to Business Banking d
Slide 6: Initiatives: Investing in the Business
Initiatives: Investing in the Business 6 Investments in technology and staffing; major focus on e-banking, internet and cybersecurity.Mobile banking for consumers and small business.Development of the internet banking channel to grow deposits more efficiently and rapidly than brick-and-mortar.Cost-c
Slide 7: Another Year of Top Performance
7 Another Year of Top Performance BankDirector: DIME RANKS # 7 in $1 to $5 billion asset group“The 200 largest U.S. banks are stronger and more profitable than at any time since the Great Recession.” SNLThrift Investor:DIME RANKS # 4 of 100For the sixth straight year, Dime ranks fifth or higher in S
Slide 8: Investor Highlights
Focus on GrowthStrong Multifamily ExpertiseLow Cost OperatorShareholder ValueRisk Management 8 Investor Highlights
Slide 9: Focus on Asset Growth: 3 to 5 Year Goals
9 Tangible Common Equity / Tangible Assets (%) Grow assets 15% on average over the next 3 years (goal of 12% growth for 2015)Decrease the loan to deposit ratioRemain focused on NYC commercial real estate lendingMaintain tangible common equity sufficient to support growthRaise additional capital from
Slide 10: Loan and Deposit Growth
10 Source: SNL Financial Loan CAGR: 5.6%Deposit CAGR: 5.5% Loan and Deposit Growth
Slide 11: Deposit Growth Initiatives
11 Category (000's) Sep-14 Avg. Cost Sep-15 Avg. Cost % Growth CRE Deposits $ 114,911 0.10% $ 179,631 0.13% 56% Business Deposits 81,512 0.13% 91,670 0.12% 12% Branch Consumer Deposits 2,426,190 0.80% 2,758,195 0.85% 14% TOTAL 2,622,613 0.75% 3,029,497 0.85% 16% Deposit Growth InitiativesIncrease Pe
Slide 12: Investor Highlights
Focus on GrowthStrong Multifamily ExpertiseLow Cost OperatorShareholder ValueRisk Management 12 Investor Highlights
Slide 13: New York City Housing Stock
New York City Housing Stock* 13 Source: 2014 New York City Housing and Vacancy Survey and census data. * Total housing stock equals 3,124,138 units. As shown in the adjacent chart, New York City is a city of apartment dwellers. Only 18% of the City’s housing stock is classified 1 – 4 family.Dime has
Slide 14: Forward-looking statements
14 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 15: Real Estate Loan Originations
Real Estate Loan Originations 15 Originations in $ millions Year Ended December 31, ** 2014 Total origination amount includes $200.0 million of loans re-purchased from Fannie Mae at an average yield approximating 3.5% Refinancings
Slide 16: Investor Highlights
Focus on GrowthStrong Multifamily ExpertiseLow Cost OperatorShareholder ValueRisk Management 16 Investor Highlights
Slide 17: Low Cost Operator Relative to Peers
17 Source: SNL Financial Efficiency Ratio (%) Net Operating Expense / Avg. Assets (%) Low Cost Operator Relative to Peers
Slide 18: Investor Highlights
Focus on GrowthStrong Multifamily ExpertiseLow Cost OperatorShareholder ValueRisk Management 18 Investor Highlights
Slide 19: Creating Shareholder Value
19 CAGR: 8.4% Creating Shareholder Value
Slide 20: DCOM – Ten Year Price Performance
DCOM – Ten Year Price Performance 20 Source: SNL Financial; Data as of 11/3/2015
Slide 21: Investor Highlights
Focus on GrowthStrong Multifamily ExpertiseLow Cost OperatorShareholder ValueRisk Management 21 Investor Highlights
Slide 22: Risk Management
22 Risk Management In 2008, Dime created the position of CHIEF RISK OFFICER, encompassing the fields of : Enterprise Risk, Credit Administration, Compliance, Audit, and Cybersecurity Risk.Credit: Concentration in low-risk NYC multifamily market.Interest Rate: Nature of loans is short-term (5- and 7-
Slide 23: Credit Risk Management
23 Credit Risk Management Dime has a long, successful history of managing its highly concentrated “CRE” portfolio, mainly because multifamily loans are residential housing loans.Dime has historically been one of the leading lenders in the small (10 – 75 unit) rent-regulated multifamily housing marke
Slide 24: Credit Metrics since the onset of the financial crisis
Credit Metrics since the onset of the financial crisis 24 Undue reliance should not be placed on any forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events ex
Slide 25: Credit Metrics vs Peer Group
Credit Metrics vs Peer Group 25 Undue reliance should not be placed on any forward-looking statements. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events except to the extent require
Slide 26: Forward-looking statements
26 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 27: Forward-looking statements
27 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 28: Forward-looking statements
28 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 29: Appendix: Additional Financial Metrics - Year Trendline
29 APPENDIX 1 Additional Financial Metrics - 10 Year Trendline 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD ($ in thousands) Total Assets $3,173,377 $3,501,175 $4,055,598 $3,501,175 $4,040,295 $4,021,180 $3,905,399 $4,028,190 $4,497,107 $4,832,492 Total loans, net of allowance 2,688,159 2,8
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