DIME COMMUNITY BANCSHARES INC. 9.000% NTS 15/07/2034 USD 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 -251.2 M.

Net Income

• 2025: $110.7 million
• 2024: $29.1 million
• 2023: $96.1 million

Net Interest Income

• 2025: $408.0 million, an increase of $89.9 million from 2024, with a net interest margin of 3.01%.
• 2024: $318.1 million, an increase of $1.5 million from 2023, with a net interest margin of 2.48%.
• 2023: $316.6 million, a decrease of $63.3 million from 2022, with a net interest margin of 2.46%.

Interest Income by Asset Type

• Total Interest Income: $685.4 million in 2025, $650.1 million in 2024, and $609.4 million in 2023.
• Business Loans: $195.250 million (6.70% yield) in 2025, $175.604 million (7.02% yield) in 2024, and $147.530 million (6.57% yield) in 2023.
• One-to-Four Family Residential and Coop/Condo Apartment Loans: $47.102 million (4.70% yield) in 2025, $41.823 million (4.60% yield) in 2024, and $35.148 million (4.15% yield) in 2023.
• Multifamily Residential and Residential Mixed-Use Loans: $165.962 million (4.55% yield) in 2025, $181.736 million (4.63% yield) in 2024, and $180.286 million (4.40% yield) in 2023.
• Non-Owner-Occupied Commercial Real Estate Loans: $162.740 million (5.24% yield) in 2025, $177.173 million (5.33% yield) in 2024, and $171.475 million (5.11% yield) in 2023.
• Acquisition, Development, and Construction (ADC) Loans: $11.882 million (8.62% yield) in 2025, $13.936 million (8.97% yield) in 2024, and $19.656 million (9.18% yield) in 2023.
• Securities: $45.368 million (3.34% yield) in 2025, $33.563 million (2.21% yield) in 2024, and $32.179 million (1.96% yield) in 2023.

Interest Expense by Liability Type

• Total Interest Expense: $277.4 million in 2025, $332.1 million in 2024, and $292.8 million in 2023.
• Interest-Bearing Deposits: $240.131 million (2.89% cost) in 2025, $284.745 million (3.60% cost) in 2024, and $219.045 million (2.95% cost) in 2023.
• FHLBNY Advances: $16.417 million (3.23% cost) in 2025, $27.268 million (3.90% cost) in 2024, and $56.140 million (4.48% cost) in 2023.
• Subordinated Debt, Net: $17.427 million (6.40% cost) in 2025, $13.765 million (5.81% cost) in 2024, and $10.212 million (5.10% cost) in 2023.

Provision for Credit Losses

• 2025: $43.0 million, attributed to updates in macroeconomic forecasts, loss driver models, and charge-offs on non-owner-occupied real estate loans.
• 2024: $36.1 million, related to additional provisioning for pooled multifamily, C&I, and criticized loan portfolios.
• 2023: $2.8 million, associated with increased provisioning for individually analyzed loans.

Non-Interest Income (Loss)

• 2025: $44.9 million, an increase of $48.9 million from 2024, primarily driven by a $43.0 million change in net loss on sale of securities and a $7.0 million increase in BOLI income, partially offset by a -$8.4 million change from gain on sale of other assets.
• 2024: -$4.0 million, a decrease of -$40.2 million from 2023, mainly due to a $41.4 million increase in net loss on sale of securities and a $5.0 million decrease in loan level derivative income, partially offset by a $7.2 million increase from gain on sale of other assets.
• 2023: $36.2 million, a decrease of -$2.0 million from 2022.

Non-Interest Expense

• 2025: $253.1 million, an increase of $26.6 million from 2024, primarily due to a $14.9 million increase in salaries and employee benefits for hiring bankers and includes a $7.2 million loss from a pension settlement.
• 2024: $226.5 million, an increase of $13.4 million from 2023, primarily due to an $18.7 million increase in salaries and employee benefits and a $2.5 million increase in professional services, partially offset by a $7.8 million decrease in severance expense, and includes a $1.2 million loss from a pension settlement.
• 2023: $213.1 million, an increase of $12.4 million from 2022.

Income Tax Expense

• 2025: $46.1 million, an increase of $23.8 million from 2024, with a consolidated tax rate of 29.4%.
• 2024: $22.4 million, a decrease of -$18.4 million from 2023, with a consolidated tax rate of 43.5%, including $9.1 million of expense related to taxable gain and MEC Tax on BOLI surrender.
• 2023: $40.8 million, with a consolidated tax rate of 29.8%.

Loan Portfolio Composition (as of December 31)

• Total Net Loans Held for Investment: Decreased $122.4 million to $10.66 billion at period end 2025.
• Business Loans: Increased $514.7 million to $3,240.436 million (30.1% of total loans) in 2025 from $2,725.726 million (25.1%) in 2024.
• One-to-Four Family Residential and Coop/Condo Apartment: Increased $84.3 million to $1,035.803 million (9.6%) in 2025 from $951.528 million (8.8%) in 2024.
• Multifamily Residential and Residential Mixed-Use: Decreased $395.8 million to $3,424.522 million (31.8%) in 2025 from $3,820.283 million (35.1%) in 2024.
• Non-Owner-Occupied Commercial Real Estate: Decreased $297.5 million to $2,933.011 million (27.3%) in 2025 from $3,230.535 million (29.7%) in 2024.
• ADC Loans: Decreased $19.0 million to $117.215 million (1.1%) in 2025 from $136.172 million (1.3%) in 2024.

Asset Quality

• Non-Accrual Loans: Totaled $52.3 million at December 31, 2025, compared to $49.5 million at December 31, 2024.
• Loans Delinquent 30 to 59 Days: $28.8 million at December 31, 2025, compared to $10.3 million at December 31, 2024.
• Loans Delinquent 60 to 89 Days: $30.1 million at December 31, 2025, compared to $31.3 million at December 31, 2024.
• Accruing Loans 90 Days or More Past Due: None at December 31, 2025 or 2024.
• Allowance for Credit Losses to Total Loans: 0.91% at December 31, 2025, compared to 0.82% at December 31, 2024.
• Allowance for Credit Losses to Total Non-Performing Loans: 186.14% at December 31, 2025, compared to 179.37% at December 31, 2024.
• Net Charge-offs to Average Loans Outstanding: 0.30% in 2025, 0.18% in 2024, and 0.14% in 2023.

Cash Flow from Operating Activities

• 2025: $186.566 million
• 2024: $99.056 million
• 2023: $90.874 million

Other Key Metrics (as of December 31)

• Total Assets: $15.34 billion at December 31, 2025, an increase of $988.4 million from December 31, 2024.
• Total Liabilities: $13.87 billion at December 31, 2025, an increase of $909.1 million from December 31, 2024.
• Stockholders’ Equity: $1.48 billion at December 31, 2025, an increase of $79.3 million from December 31, 2024.
• Total Deposits: $12.84 billion at December 31, 2025, an increase of $1.16 billion from December 31, 2024.
• Brokered Deposits: $200.0 million at December 31, 2025, compared to $422.8 million at December 31, 2024.
• Reserve for Unfunded Loan Commitments: $2.2 million at December 31, 2025, compared to $2.7 million at December 31, 2024.
• BOLI: $401.2 million at December 31, 2025, an increase of $110.5 million from December 31, 2024.
• Uninsured Time Deposits in Excess of $250,000 FDIC Limit: $130.7 million at December 31, 2025.

Outlook / Guidance

Dime Community Bancshares, Inc. plans to redeem $40,000,000 of its outstanding Fixed/Floating Subordinated Debentures due 2030 at par on March 30, 2026. The company anticipates that non-owner-occupied commercial real estate loans and multifamily residential and residential mixed-use loans will remain a significant portion of its total loan portfolio. Management is actively monitoring uninsured deposit levels due to recent banking industry events.