DCOMDime Commercial Bancshares, Inc. /NY/
National Commercial Banks
- Revenue
- $20M
- 19% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.8B
- Employees
- 902
- $22K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 2.8
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo169% of net incomeCash flow under 80% of net income
- Dilutive SBCYes39% of revenueOver 10% of revenue
- Payouts exceed cash flowNo24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo86% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$22K · 22nd pctBottom quartile of its SIC industry
- Quiet on AINo2.8 per 10K words · 67th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$17M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $16M | $16M | $16M | $17M | $20M | 19% |
| Net income | $104M | $153M | $96M | $29M | $111M | 280% |
| Operating cash flow | $146M | $295M | $91M | $99M | $187M | 88% |
| Capex | — | $4M | — | — | — | |
| Stock-based comp | $5M | $4M | $5M | $7M | $8M | 15% |
| Buybacks | $59M | $47M | $947K | — | — | |
| Dividends | $39M | $37M | $37M | $38M | $43M | 13% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Nov 14, 2024 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | 4.4% | Passive |
| Dec 12, 2022 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | — | Passive |
| Aug 31, 2022 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | 6.5% | Active |
| May 20, 2022 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | 7.6% | Passive |
| Feb 8, 2021 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | 9.2% | Passive |
| Dec 20, 2019 | BASSWOOD CAPITAL MANAGEMENT, L.L.C. | SC 13D/A | 0.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $539K · 1
- Open-market sells, 12 mo
- $17M · 84
- Net
- −$17M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 149 | 145 |
| FY2024 | — | — | 147 | 139 |
| FY2023 | — | — | 123 | 121 |
| FY2022 | — | — | 139 | 121 |
| FY2021 | — | — | 149 | 134 |