Dime Signs Definitive Deal to Buy ES Bancshares for ~$58M in Cash and Stock
DCOM sits 53% above its 52-week low of $25.625.
Summary
Dime agreed to acquire ES Bancshares for about $58 million in cash and stock, adding Staten Island and Brooklyn branches. Management expects ~3.5% EPS accretion and only ~2% tangible book dilution, with closing targeted for Q1 2027.
Key Events · M&A and Partnerships · DCOM
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Definitive Merger Agreement Signed
Dime will acquire ES Bancshares for 720,000 Dime shares plus $30.0M cash, about $58M total or $8.39 per ES share based on Dime's $38.55 10-day VWAP as of October 19, 2026.
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Accretive Deal Economics
Price is ~1.09x tangible book value; management projects ~3.5% EPS accretion, ~2% tangible book dilution and earn-back under 3 years.
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Branch Footprint Expansion
Adds five branches (three Staten Island, two Brooklyn) and $491M of deposits from a $596M-asset franchise, giving Dime ground-level presence across all five NYC boroughs.
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Executive Settlements and Retention
ES CEO Philip Guarnieri receives $1,539,609 and stays on as Managing Executive Director at $400,000 base salary; COO Thomas Sperzel receives $1,271,181.
Analysis · DCOM · Finance
Dime is paying roughly $58 million — $30 million cash plus 720,000 shares — for a $596 million-asset Staten Island bank, filling out its NYC branch footprint. The price is about 1.09x tangible book, and management projects ~3.5% EPS accretion with only ~2% tangible book dilution and an earn-back under three years, so the deal is accretive to earnings without a heavy capital hit. The 720,000 new shares are modest against Dime's 43.7 million shares outstanding, so dilution is limited. The main gating items are the ES shareholder vote and Fed/NYDFS approvals, with closing targeted for Q1 2027; a $2.363 million break fee protects Dime if ES walks.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 37.4% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DCOM was trading at $39.11 on NYSE in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $25.63 to $41.97. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.