Dime Community Bancshares, Inc. · NYSE:DCOM
Dime Community Bancshares — Investor Presentation (May 2015)
35 slides from Dime Community Bancshares's investor presentation, May 14, 2015
Slide 1: Investor Presentation May 2015
INVESTOR PRESENTATIONMAY, 2015
Slide 2: Insider Ownership of Executive Team
2 Insider Ownership of Executive Team It is likely that the three executive officers will exercise and sell most of the shares associated with the expiring May 2015 Options. DCOM a very high percentage of insider ownership. All directors and executive officers as a group (18) own 14.0% of DCOM. OPTI
Slide 3: Another year of Top Financial Performance
3 Another year of Top Financial 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 h
Slide 4: Peer Group Comparison
Dime Community Bancshares, Inc.PEER GROUP COMPARISON 4 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”), notwithst
Slide 5: About DIME
5 about… DIME Dime Community Bancshares, Inc., is the holding company for The Dime Savings Bank of Williamsburgh, a $4.58 billion dollar institution.Low credit risk model with consistently strong returns.Community retail bank model with an emphasis on NEW YORK CITY MULTIFAMILY LENDING.Twenty-five br
Slide 6: DIME: A low-risk business model with conservative management
DIME: A low-risk business model with conservative management, and the value of the New York City Market 6 Lending model based on very low risk class of Commercial Real Estate: NYC multifamily apartment buildings, including a significant component of rent-regulated buildings in a large, vibrant and g
Slide 7: Balance Sheet Composition
Balance Sheet CompositionLoans comprise 92% of assets; 149% Loan to Deposit Ratio 7 Note: as of March 31, 2015
Slide 8: Focus on Deposit Growth
8 Category (000's) Mar-14 Mar-15 %chg CRE Deposits $ 96,441.00 $ 132,914.00 38% Business Deposits $ 86,764.00 $ 80,353.00 -7% Branch Consumer Deposits $ 2,403,768.00 $ 2,629,168.00 9% TOTAL $ 2,586,973.00 $ 2,842,435.00 10% Focus on Deposit GrowthGoal to Increase Percentage of Commercial and Small B
Slide 9: Focus on Asset Growth
9 Focus on Asset GrowthGoal: Average Annual Growth Rate of 15% over the next three years Tangible Common Equity Ratios (TCE) Tangible Common Equity as % of Tangible Assets Extended Peer Group as of March 31, 2015 Company Name Ticker TCE Ratio Clifton Bancorp Inc CSBK 30.36 Investors Bancorp Inc ISBC
Slide 10: Trends
TRENDS Dime Community Bancshares, Inc. 10
Slide 11: Key Financial Metrics - Year Trendline
11 Key Financial Metrics - 10 Year Trendline 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 tha
Slide 12: Credit Metrics – year trendline
Credit Metrics – 6 year trendline 12 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 s
Slide 13: Market Metrics and Capital Ratios
Market Metrics and Capital Ratios 13 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 s
Slide 14: Credit Metrics vs Peer Group
Credit Metrics vs Peer Group 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 statem
Slide 15: Loan Portfolio
LOAN PORTFOLIO 15
Slide 16: Lending for the Way New Yorkers Live
“Lending for the Way New Yorkers Live” New York City Housing Stock* 16 Source: 2011 New York City Housing and Vacancy Survey and census data. * Total housing stock equals 3,187,575 units. As shown in the adjacent chart, New York City is a city of apartment dwellers. Only 18% of the City’s housing st
Slide 17: Certain statements contained in this quarterly report on Form 10-Q that are not statements
17 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 18: Certain statements contained in this quarterly report on Form 10-Q that are not statements
18 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 19: Loan Portfolio Geographic Distribution
19 18% 6% 50% 25% 13% 7% 2 58% 20% 21% 6% 2 40% 32% 34% 11% 2 25% 62% 1 5% 7% 24% 64% 4% 32% LOAN PORTFOLIO GEOGRAPHIC DISTRIBUTION New York County $ 1,851367 44% Kings County $1,132,579 26% Queens County $ 709,107 17% Bronx County $ 167,130 4% Westchester County $ 129,480 3% Other NY Counties $ 167
Slide 20: Real Estate Loan Originations
Real Estate Loan Originations 20 ©1999-2008 $ in mliions 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%
Slide 21: Debt Service & Loan-to-Value Ratios on New Loans
Average:DSR = 2.21LTV = 54% Debt Service & Loan-to-Value Ratios on New Loans 21 ©1999-2008 $ loan originations in millions Average:DSR = 1.47LTV = 59% Average:DSR = 1.96LTV = 52% Average:DSR = 2.01LTV = 53% Weighted average LTV consistently at or below 65% Average:DSR = 2.40LTV = 50% Year Ended Dece
Slide 22: Repricing Real Estate Loans
Repricing Real Estate Loans 22 ©1999-2008 ($ in millions) Frequent repricing.Early prepayments add an element of revenue to the P&L. LEGEND % WEIGHTED AVERAGE RATE OF REPRICING LOANS $ CONTRACTUAL VOLUME OF REPRICING LOANS As of March 31, 2015
Slide 23: Payoff Speed and Origination Spread
Payoff Speed and Origination Spread 23 Spread Speed
Slide 24: Deposits & Borrowed Funds
DEPOSITS & BORROWED FUNDS Dime Community Bancshares, Inc.
Slide 25: Branch Network
Branch Network 25 25 Branches in New York City metropolitan area. Average branch size = $113.7 million as of March 31, 2015
Slide 26: Dime's Deposit Share
DIME’S DEPOSIT SHARE 26 2014 Market Share Rank (2) Number of DIME Branches (1) Deposits in Market (1) ($000) Total Market Share (%) Total Bank Deposits in Market (2) ($000) BROOKLYN 11 10 $1,07,900 2.68% $ 42,294,000 QUEENS, NY 13 7 $ 830,500 1.64% $ 48,812,000 NASSAU COUNTY 14 7 $ 871,300 1.25% $ 6
Slide 27: Focus on Profitable Deposits
Focus on Profitable Deposits 27 11.6% Growth in non-interest bearing checking accounts since March 2014. March 31, 2015Total Deposits = $2.84 billion Weighted average maturity = 18.7 months March 31, 2014Total Deposits = $2.07 billion Weighted average maturity = 17.5 months
Slide 28: Certain statements contained in this quarterly report on Form 10-Q that are not statements
28 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 29: Certain statements contained in this quarterly report on Form 10-Q that are not statements
29 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 30: Certain statements contained in this quarterly report on Form 10-Q that are not statements
30 Certain statements contained in this quarterly report on Form 10-Q that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically ide
Slide 31: Additional Financial Metrics - Year Trendline
31 APPENDIX 1 Additional Financial Metrics - 10 Year Trendline 2004 2005 2006 2007 2008 2011 2012 2013 2014 2015 YTD ($ in thousands) Total Assets $3,377,266 $3,126,226 $3,173,377 $3,501,175 $4,055,598 $4,021,180 $3,905,399 $4,028,190 $4,497,107 $4,583,349 Total loans, net of allowance 2,486,262 2,5
Slide 32: Stock Price Performance
Stock Price Performance 32 Split-adjusted IPO price of a DCOM share is $2.96. Total Return since the IPO in June 1996: 747%. Current dividend $0.14/QTR For the period covering September 2007 through August, 2012 APPENDIX 2 DCOM KBW BANK INDEX Russell 2000
Slide 33: Expiring Stock Options
33 Since vested options can be readily converted into outstanding shares, they are considered shares beneficially owned by the individual for purposes of proxy statement ownership disclosure. Expiring Stock Options APPENDIX 3
Slide 34: Officers & Directors
Officer & Directors 34 * Amounts per page 4 of the Company’s proxy statement dated April 13, 2015. TITLE TENURE INSIDER OWNERSHIP* Vincent F. Palagiano Chairman of the Board & CEO 45 years 2.9% (1,084,172 shares) Michael P. Devine Vice Chairman of the Board & President 44 years 1.8% (686,515) Kennet
Slide 35: Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc. 35
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