Dime Community Bancshares | 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, missing the estimate of USD 2.406.EBIT: As of FY2025, the actual value is USD -251.2 M.Operational MetricsNet Income: Net income for Dime Community Bancshares, Inc. was $110.7 million in 2025, compared to $29.1 million in 2024, and $96.1 million in 2023.Net Interest Income: Net interest income was $408.0 million in 2025, $318.1 million in 2024, and $316.6 million in 2023. The net interest margin was 3.01% in 2025, 2.48% in 2024, and 2.46% in 2023. Net loan fees included in interest income were $4.2 million in 2025, $1.0 million in 2024, and $1.5 million in 2023.Total Interest Income: Total interest income was $685.4 million in 2025, $650.1 million in 2024, and $609.4 million in 2023.Interest income from business loans was $195.250 million in 2025, $175.604 million in 2024, and $147.530 million in 2023.Interest income from one-to-four family residential and coop/condo apartment loans was $47.102 million in 2025, $41.823 million in 2024, and $35.148 million in 2023.Interest income from multifamily residential and residential mixed-use loans was $165.962 million in 2025, $181.736 million in 2024, and $180.286 million in 2023.Interest income from non-owner-occupied commercial real estate loans was $162.740 million in 2025, $177.173 million in 2024, and $171.475 million in 2023.Interest income from acquisition, development, and construction (ADC) loans was $11.882 million in 2025, $13.936 million in 2024, and $19.656 million in 2023.Interest income from securities was $45.368 million in 2025, $33.563 million in 2024, and $32.179 million in 2023.Interest income from other short-term investments was $57.022 million in 2025, $26.094 million in 2024, and $22.693 million in 2023.Total Interest Expense: Total interest expense was $277.4 million in 2025, $332.1 million in 2024, and $292.8 million in 2023.Interest expense on deposits and escrow was $240.131 million in 2025, $284.745 million in 2024, and $219.045 million in 2023.Interest expense on borrowed funds was $33.859 million in 2025, $41.036 million in 2024, and $66.472 million in 2023.Interest expense on derivative cash collateral was $3.454 million in 2025, $6.314 million in 2024, and $7.272 million in 2023.Provision for Credit Losses: The Company 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 due to updates in macroeconomic forecasts, loss driver models, and charge-offs on non-owner-occupied real estate loans. The 2024 provision was related to additional provisioning for pooled multifamily, C&I, and criticized loan portfolios, while the 2023 provision was associated with increased provisioning for individually analyzed loans.Non-Interest Income: Non-interest income was $44.9 million in 2025, - $4.0 million in 2024, and $36.2 million in 2023.Service charges and other fees were $19.907 million in 2025, $16.725 million in 2024, and $16.437 million in 2023.BOLI income was $17.394 million in 2025, $10.376 million in 2024, and $9.748 million in 2023.Net gain (loss) on securities was $163 thousand in 2025, - $42.810 million in 2024, and - $1.447 million in 2023.Non-Interest Expense: Non-interest expense was $253.1 million in 2025, $226.5 million in 2024, and $213.1 million in 2023.Salaries and employee benefits were $150.982 million in 2025, $136.114 million in 2024, and $117.437 million in 2023.Loss due to pension settlement was $7.231 million in 2025, $1.215 million in 2024, and - $0 million in 2023.Non-interest expense represented 1.77% of average assets in 2025, 1.66% in 2024, and 1.56% in 2023.Income Tax Expense: Income tax expense was $46.1 million in 2025, $22.4 million in 2024, and $40.8 million in 2023. The consolidated tax rate was 29.4% in 2025, 43.5% in 2024, and 29.8% in 2023.Loan Portfolio MetricsTotal Net Loans Held for Investment: Decreased by $122.4 million to $10.66 billion at December 31, 2025.Business loans: Increased to $3.24 billion (30.1% of total loans) in 2025, from $2.73 billion (25.1%) in 2024, and $2.31 billion (21.4%) in 2023.One-to-four family residential and coop/condo apartment loans: Increased to $1.04 billion (9.6%) in 2025, from $951.5 million (8.8%) in 2024, and $887.6 million (8.2%) in 2023.Multifamily residential and residential mixed-use loans: Decreased to $3.42 billion (31.8%) in 2025, from $3.82 billion (35.1%) in 2024, and $4.02 billion (37.3%) in 2023.Non-owner-occupied commercial real estate loans: Decreased to $2.93 billion (27.3%) in 2025, from $3.23 billion (29.7%) in 2024, and $3.38 billion (31.4%) in 2023.Acquisition, development, and construction (ADC) loans: Decreased to $117.2 million (1.1%) in 2025, from $136.2 million (1.3%) in 2024, and $168.5 million (1.6%) in 2023.Non-owner-occupied CRE loans and multifamily residential/mixed-use loans collectively represented 59% of total loans held for investment at December 31, 2025, down from 65% in 2024.Non-Accrual Loans: Total non-accrual loans were $52.3 million at December 31, 2025, compared to $49.5 million at December 31, 2024. The Company did not recognize interest income on non-accrual loans held for investment during 2025 or 2024.Past Due Loans: Loans 30 to 59 days past due totaled $28.8 million in 2025, compared to $10.3 million in 2024. Loans 60 to 89 days past due totaled $30.1 million in 2025, compared to $31.3 million in 2024.Allowance for Credit Losses: Total allowance for credit losses was $97.372 million in 2025, compared to $88.751 million in 2024 and $71.743 million in 2023. The allowance for credit losses to total loans was 0.91% in 2025, 0.82% in 2024, and 0.67% in 2023. Net charge-offs to average loans outstanding were 0.30% in 2025, 0.18% in 2024, and 0.14% in 2023.Loan Restructurings: Total loans modified due to financial difficulty were $110.993 million, representing 1.0% of the total class of financing receivable in 2025.Securities Portfolio MetricsTotal Securities: Total securities increased $88.8 million to $1.42 billion at December 31, 2025.Securities Available-for-Sale: Total fair value was $797.935 million, with $7.130 million in gross unrealized gains and - $26.857 million in gross unrealized losses at December 31, 2025. Sales proceeds were $38.842 million in 2025, $379.053 million in 2024, and $77.804 million in 2023. Gross losses on sales were $996 thousand in 2025, $42.810 million in 2024, and $1.577 million in 2023.Securities Held-to-Maturity: Total amortized cost was $618.901 million, with $1.128 million in gross unrecognized gains and - $59.947 million in gross unrecognized losses at December 31, 2025.Deposit and Borrowing MetricsDeposits: Total deposits increased $1.16 billion to $12.84 billion at December 31, 2025. The total weighted average interest rate on deposits was 1.66% in 2025, 2.09% in 2024, and 2.56% in 2023. Non-interest-bearing checking accounts represented 30.9% of total deposits in 2025, up from 29.2% in 2024 and 28.0% in 2023. Brokered deposits totaled $200.0 million at December 31, 2025, compared to $422.8 million in 2024.Borrowings: FHLBNY advances outstanding were $508.0 million in 2025, compared to $608.0 million in 2024. Subordinated debentures totaled $272.5 million at December 31, 2025, compared to $272.3 million in 2024.Cash FlowNet Cash Provided by Operating Activities: Net cash provided by operating activities was $186.566 million in 2025, $99.056 million in 2024, and $90.874 million in 2023.Net Cash (Used in) Provided by Investing Activities: Net cash used in investing activities was - $69.449 million in 2025, compared to net cash provided of $64.125 million in 2024, and net cash used of - $214.046 million in 2023.Net Cash Provided by Financing Activities: Net cash provided by financing activities was $953.278 million in 2025, $662.843 million in 2024, and $411.422 million in 2023.Other Key MetricsBank Owned Life Insurance (BOLI): BOLI increased $110.5 million to $401.2 million at December 31, 2025, primarily due to restructuring initiatives and new purchases.Stockholders’ Equity: Stockholders’ equity increased $79.3 million to $1.48 billion at December 31, 2025. Accumulated other comprehensive loss, net of deferred taxes, was - $31.468 million at December 31, 2025, compared to - $45.018 million at December 31, 2024.Dividends: Cash dividends paid on preferred stock were $7.3 million in 2025 and $7.3 million in 2024. Cash dividends paid on common stock were $42.9 million in 2025 and $38.0 million in 2024.Economic Value of Equity (EVE) Analysis: Pre-Shock Scenario EVE was $2.001 billion in 2025, an increase from $1.761 billion in 2024. A +200 Basis Points rate shock scenario resulted in EVE of $2.234 billion (11.6% change), while a -200 Basis Points rate shock scenario resulted in EVE of $1.503 billion (-24.9% change) in 2025.Income Simulation Analysis: A gradual +200 Basis Points change in interest rates is estimated to increase net interest income by 4.2% in Year-One and 11.3% in Year-Two. An instantaneous +200 Basis Points rate shock is estimated to increase net interest income by 9.4% in Year-One and 14.3% in Year-Two.Outlook / Guidance迪募社区银行 expects non-owner-occupied commercial real estate loans and multifamily residential and residential mixed-use loans to remain a significant portion of its total loan portfolio. The Company actively monitors uninsured deposits and has invested in its Private and Commercial Bank to support deposit growth. Furthermore, 迪募社区银行 plans to redeem all outstanding $40,000,000 principal amount of Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026.