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Dime Community Bancshares' (DCOM) CEO Kevin O'Connor on Q1 2021 Results - Earnings Call Transcript

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Dime Community Bancshares, Inc. (NASDAQ:DCOM) Q1 2021 Earnings Conference Call April 30, 2021 8:30 AM ET

Company Participants

Kevin O'Connor – Chief Executive Officer

Avi Reddy – Chief Financial Officer

Stu Lubow – President and Chief Operating Officer

Conference Call Participants

Mark Fitzgibbon – Piper Sandler

Christopher Keith – D.A. Davidson

Matthew Breese – Stephens, Inc.

William Wallace – Raymond James


Good morning, and welcome the Dime Community Bancshares First Quarter Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.

Now, I'd like to turn the call over to Mr. Kevin O'Connor, CEO of Dime Community. Please go ahead.

Kevin O'Connor

Thank you, operator. Welcome to Dime Communities' first quarter earnings call. We thank everyone for joining us this morning. On the call today with me are Stu Lubow, our President and Chief Operating Officer; Avi Reddy, our CFO; and John McCaffery, our Chief Risk Officer. In my remarks, I'll make some enterprisewide comments about our recently completed merger, provide some key accomplishments and the progress made during the first quarter on the business front. Avi will then provide some details on the quarter, some forward guidance and the target we're managing to. I'll them summarize what I believe on the investment highlights of the new Dime and leave time at the end for questions.

First let's start with the merger. As you may recall, we announced the merger transaction on July 1, 2020. We closed the transaction on February 1 this year and on April 17, successfully completed our core systems, integration and conversion. When we announced the merger, several investors asked why now in the middle of a pandemic. At the time, my answer was given the tremendous opportunities to move our organization to the next

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