Dime Comm Bancshare Pref Share DCOMP 5.5 Perp 02/15/25 | 10-K: FY2025 Revenue: USD 730.38 M

Revenue: As of FY2025, the actual value is USD 730.38 M.EPS: As of FY2025, the actual value is USD 2.36.EBIT: As of FY2025, the actual value is USD 434.24 M.Net IncomeNet income for Dime Community Bancshares, Inc. was $110.7 million in 2025, a significant increase from $29.1 million in 2024, and $96.1 million in 2023 . The 2025 increase was primarily driven by an $89.9 million increase in net interest income and a $48.9 million increase in non-interest income, partially offset by higher non-interest expense ($26.6 million), income tax expense ($23.8 million), and provision for credit losses ($6.9 million) . In 2024, net income was affected by a -$40.2 million decrease in non-interest income, a $13.4 million increase in non-interest expense, and a $33.3 million increase in provision for credit losses, partially offset by a $1.5 million increase in net interest income and a -$18.4 million decrease in income tax expense .Net Interest Income and Net Interest MarginNet interest income was $408.0 million in 2025, up from $318.1 million in 2024 and $316.6 million in 2023 . The net interest margin was 3.01% in 2025, compared to 2.48% in 2024 and 2.46% in 2023 .Interest Income by Asset Type (Segment Revenue)Business Loans: Interest income was $195,250 thousand in 2025, up from $175,604 thousand in 2024 and $147,530 thousand in 2023 . The 2025 increase of $19,646 thousand was due to a $414.1 million increase in average balances, despite a -32 basis point decrease in yield .One-to-four family residential and coop/condo apartment loans: Interest income was $47,102 thousand in 2025, up from $41,823 thousand in 2024 and $35,148 thousand in 2023 . The 2025 increase of $5,279 thousand resulted from a $91.4 million increase in average balances and a 10 basis point increase in yield .Multifamily residential and residential mixed-use loans: Interest income was $165,962 thousand in 2025, down from $181,736 thousand in 2024 and $180,286 thousand in 2023 . The 2025 decrease of -$15,774 thousand was due to a -$280.9 million decrease in average balance and an -8 basis point decrease in yield .Non-owner-occupied commercial real estate loans: Interest income was $162,740 thousand in 2025, down from $177,173 thousand in 2024 and $171,475 thousand in 2023 . The 2025 decrease of -$14,433 thousand was due to a -$219.8 million decrease in average balance and a -9 basis point decrease in yield .Acquisition, development, and construction (“ADC”) loans: Interest income was $11,882 thousand in 2025, down from $13,936 thousand in 2024 and $19,656 thousand in 2023 .Securities: Interest income was $45,368 thousand in 2025, up from $33,563 thousand in 2024 and $32,179 thousand in 2023 . The 2025 increase of $11,805 thousand was related to a 113 basis point increase in yield, despite a -$159.5 million decrease in average balances .Other short-term investments: Interest income was $57,022 thousand in 2025, up from $26,094 thousand in 2024 and $22,693 thousand in 2023 . The 2025 increase of $30,928 thousand was related to an $867.5 million increase in average balances, partially offset by a -105 basis point decrease in yield .Interest ExpenseInterest expense decreased to $277.4 million in 2025 from $332.1 million in 2024, but was higher than $292.8 million in 2023 . The 2025 decrease of -$54,651 thousand was primarily due to lower expenses on savings accounts (-$27.3 million), CDs (-$21.2 million), FHLBNY advances (-$10.9 million), and derivative cash collateral (-$2.9 million), partially offset by increases in interest-bearing checking accounts ($7.5 million) and subordinated debt ($3.7 million) .Provision for Credit LossesDime Community Bancshares, Inc. recorded a credit loss provision of $43.0 million in 2025, $36.1 million in 2024, and $2.8 million in 2023 . The 2025 provision was attributed to updates in macroeconomic forecasts, loss driver models, and charge-offs on non-owner-occupied real estate loans .Non-Interest IncomeNon-interest income was $44.9 million in 2025, a significant improvement from a -$4.0 million loss in 2024, and income of $36.2 million in 2023 . The 2025 increase of $48.9 million from 2024 was primarily due to a $43.0 million change in the net loss on sale of securities (from a loss in 2024 to a gain in 2025), a $7.0 million increase in BOLI income, and a $3.2 million increase in service charges and other fees, partially offset by an -$8.4 million change from gain on sale of other assets .Non-Interest ExpenseNon-interest expense totaled $253.1 million in 2025, up from $226.5 million in 2024 and $213.1 million in 2023 . The $26.6 million increase in 2025 was mainly due to a $14.9 million rise in salaries and employee benefits for hiring bankers and a $7.2 million loss from a pension settlement .Income Tax ExpenseIncome tax expense was $46.1 million in 2025, $22.4 million in 2024, and $40.8 million in 2023 . The 2025 increase of $23.8 million was due to higher pre-tax income and discrete items related to an uncertain tax position and a deferred tax item .Loan Portfolio Composition (December 31, 2025 vs. December 31, 2024)Total Loans Held for Investment, Net: Decreased -$122.4 million to $10.66 billion at December 31, 2025 .Business loans: Increased $514.7 million to $3,240,436 thousand (30.1% of total loans) in 2025 from $2,725,726 thousand (25.1%) in 2024 .One-to-four family residential and coop/condo apartment loans: Increased $84.3 million to $1,035,803 thousand (9.6%) in 2025 from $951,528 thousand (8.8%) in 2024 .Multifamily residential and residential mixed-use loans: Decreased -$395.8 million to $3,424,522 thousand (31.8%) in 2025 from $3,820,283 thousand (35.1%) in 2024 .Non-owner-occupied commercial real estate loans: Decreased -$297.5 million to $2,933,011 thousand (27.3%) in 2025 from $3,230,535 thousand (29.7%) in 2024 .ADC loans: Decreased -$19.0 million to $117,215 thousand (1.1%) in 2025 from $136,172 thousand (1.3%) in 2024 .Asset QualityAllowance for Credit Losses (ACL): The ACL increased to $97,372 thousand at December 31, 2025, from $88,751 thousand at December 31, 2024, and $71,743 thousand at December 31, 2023 . The ACL as a percentage of total loans was 0.91% in 2025, 0.82% in 2024, and 0.67% in 2023 .Non-performing loans: Totaled $52.3 million at December 31, 2025, and $49.5 million at December 31, 2024 . Non-performing loans to total loans were 0.49% in 2025 and 0.46% in 2024 .Past Due Loans (December 31, 2025): 30 to 59 days past due were $28.8 million, and 60 to 89 days past due were $30.1 million . Accruing loans 90 days or more past due were none .Net Charge-offs to Average Loans Outstanding: 0.30% in 2025, 0.18% in 2024, and 0.14% in 2023 .Securities PortfolioTotal Securities: Increased $88.8 million to $1.42 billion at December 31, 2025 . This was due to $274.4 million in purchases and a $23.7 million decrease in unrealized losses, partially offset by $170.8 million from principal payments, calls, and maturities, and $38.8 million from sales of available-for-sale securities .Available-for-sale securities: Fair value of $797,935 thousand at December 31, 2025, compared to $690,693 thousand at December 31, 2024 .Held-to-maturity securities: Amortized cost of $618,901 thousand at December 31, 2025, compared to $637,339 thousand at December 31, 2024 .DepositsTotal Deposits: Increased $1.16 billion during 2025 to $12.84 billion .Core Deposits (non-CDs): Increased $1.26 billion during 2025, primarily due to increases in money market deposits, non-interest-bearing checking, and interest-bearing checking accounts .Brokered Deposits: Decreased to $200.0 million at December 31, 2025, from $422.8 million at December 31, 2024 .BorrowingsFHLBNY Advances: Decreased -$100.0 million during 2025 to $508.0 million outstanding at December 31, 2025 .Other short-term borrowings: Decreased -$50.0 million during 2025 to $0 at December 31, 2025 .Subordinated Debt: Totaled $272.5 million at December 31, 2025, compared to $272.3 million at December 31, 2024 .Liquidity and Capital ResourcesAs of December 31, 2025, Dime Community Bancshares, Inc. and its Bank subsidiary were in compliance with all applicable regulatory capital requirements, and the Bank was considered “well capitalized” . The Bank had remaining borrowing capacity of $1.52 billion through the FHLBNY and access to the FRB Discount Window, with available lines of credit totaling $349.2 million and $3.56 billion respectively, with no amounts drawn .Outlook / GuidanceManagement assesses the sensitivity of key quantitative assumptions for the Allowance for Credit Losses, including macroeconomic forecasts and prepayment rates . The company’s EVE analysis indicates an increase in EVE under both positive and negative interest rate shock scenarios from 2024 to 2025 . Income simulation models project a 4.2% increase in Year-One net interest income with a +200 basis point gradual change in interest rates, and a -1.9% decrease with a -200 basis point gradual change .