---
title: "Dime Community Bancshares, Inc. Reports Strong Fourth Quarter Results with Earnings Per Share Increasing By 15% On a Linked Quarter Basis | DCOM Stock News"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/273224902.md"
description: "Dime Community Bancshares, Inc. reported strong fourth quarter results with a 15% increase in earnings per share (EPS) to $0.68, and record quarterly revenue of $124 million. The company achieved significant growth in core deposits and business loans, with total deposits increasing by $1.16 billion year-over-year. Adjusted EPS rose to $0.79, reflecting an 88% year-over-year increase. The net interest margin improved to 3.11%, and non-performing assets declined by 27%. The company anticipates continued revenue growth through 2027 due to loan repricing opportunities."
datetime: "2026-01-21T03:47:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273224902.md)
  - [en](https://longbridge.com/en/news/273224902.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273224902.md)
---

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# Dime Community Bancshares, Inc. Reports Strong Fourth Quarter Results with Earnings Per Share Increasing By 15% On a Linked Quarter Basis | DCOM Stock News

**Record Quarterly Revenue of $124 Million**

**Organic Growth Strategy and The Hiring of Teams is Paying Dividends**  
**With Linked Quarter Growth in Core Deposits of Approximately $800 Million and Business Loans of Over $175 Million**

HAUPPAUGE, N.Y., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), today reported net income available to common stockholders of $103.4 million for the year ended December 31, 2025, or $2.36 per diluted common share, compared to net income available to common stockholders of $21.8 million, or $0.55 per diluted common share, for the year ended December 31, 2024.

For the quarter ended December 31, 2025, net income available to common stockholders was $30.0 million, or $0.68 per diluted common share, compared to $25.8 million, or $0.59 per diluted common share, for the quarter ended September 30, 2025, and net loss available to common stockholders of $22.2 million, or ($0.54) per diluted common share, for the quarter ended December 31, 2024.

Adjusted net income available to common stockholders (non-GAAP) was $34.5 million and adjusted diluted EPS (non-GAAP) was $0.79 per share for the quarter ended December 31, 2025, compared to $0.61 per share for the quarter ended September 30, 2025 and $0.42 for the quarter ended December 31, 2024 (see "Non-GAAP Reconciliation" tables at the end of this news release).

Stuart H. Lubow, President and Chief Executive Officer ("CEO") of the Company, stated, "During the fourth quarter, we executed on all aspects of our strategic plan, including: substantial growth in core deposits and business loans, a reduction in the CRE concentration ratio, an improvement in return metrics and efficiency levels, and maintenance of solid asset quality levels. Total fourth quarter revenue of $124 million was a record for Dime, and we anticipate continued revenue growth in the years ahead as we have a significant loan repricing opportunity that will continue through 2027. Our organic growth strategy and the hiring of teams is paying dividends as evidenced by an 88% year-over-year increase in adjusted diluted EPS to $0.79 per share. Thanks to the hard work of all of our bankers and corporate staff, Dime has firmly established itself as a commercial and private banking powerhouse."

**Highlights for the Fourth Quarter of 2025 included:**

-   Adjusted diluted EPS of $0.79 per share for the fourth quarter of 2025, compared to $0.61 per share for the third quarter of 2025;
-   Total deposits increased $1.16 billion on a year-over-year basis;
-   Core deposits (excluding brokered and time deposits) increased $1.26 billion on a year-over-year basis;
-   Average non-interest-bearing deposits to average total deposits for the fourth quarter increased to 30.5% compared to 29.9% for the prior quarter;
-   The loan to deposit ratio declined to 83.8% at the end of the fourth quarter compared to 88.9% for the prior quarter;
-   Business loans grew $177.9 million on a linked quarter basis and $514.0 million on a year-over-year basis;
-   The net interest margin increased to 3.11% for the fourth quarter of 2025 compared to 3.01% for the prior quarter;
-   The efficiency ratio decreased to 52.6% for the fourth quarter of 2025 compared to 53.8% for the prior quarter;
-   The adjusted efficiency ratio decreased to 50.3% for the fourth quarter of 2025 compared to 53.1% for the prior quarter;
-   The Company’s Common Equity Tier 1 Ratio increased to 11.66% at the end of the fourth quarter;
-   The Company’s Consolidated CRE Concentration ratio was proactively managed lower to 387%; and
-   Non-performing assets declined by 27% on a linked quarter basis and represent 0.34% of Total Assets.

**Management’s Discussion of Quarterly Operating Results**

**Net Interest Income**

Net interest income for the fourth quarter of 2025 was $112.3 million compared to $103.4 million for the third quarter of 2025 and $91.1 million for the fourth quarter of 2024. The Net Interest Margin for the fourth quarter of 2025 was 3.11% compared to 3.01% for the third quarter of 2025 and 2.79% for the fourth quarter of 2024.

Mr. Lubow commented, "We continue to have a significant loan repricing opportunity that will continue through 2027. Additionally, growth in core deposits and business loans will benefit us over time as we continue to grow customers and hire productive bankers. Our substantial liquidity position, which includes $2.35 billion of cash, provides us with the flexibility to be opportunistic and take advantage of lending opportunities as they may arise."

**Loan Portfolio**

The ending weighted average rate ("WAR") on the total loan portfolio was 5.27% at December 31, 2025, a 10 basis point decrease compared to the ending WAR of 5.37% on the total loan portfolio at September 30, 2025.

Outlined below are loan balances and WARs for the quarter ended as indicated.

**December 31, 2025**

**September 30, 2025**

**December 31, 2024**

(Dollars in thousands)

**Balance**

**WAR****(1)**

**Balance**

**WAR****(1)**

**Balance**

**WAR****(1)**

Loans held for investment balances at period end:

Business loans(2)

**$**

**3,240,600**

**6.32**

**%**

$

3,062,674

6.60

%

$

2,726,602

6.56

%

One-to-four family residential and coop/condo apartment

**1,035,983**

**4.94**

1,030,949

4.92

952,195

4.72

Multifamily residential and residential mixed-use(3)(4)

**3,424,565**

**4.46**

3,509,811

4.52

3,820,492

4.49

Non-owner-occupied commercial real estate

**2,933,287**

**5.07**

2,975,474

5.13

3,231,398

5.13

Acquisition, development, and construction

**117,215**

**7.51**

139,145

8.04

136,172

7.95

Other loans

**6,558**

**11.09**

7,621

11.14

5,084

10.51

Loans held for investment

**$**

**10,758,208**

**5.27**

**%**

$

10,725,674

5.37

%

$

10,871,943

5.26

%

(1) WAR is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total balance of loans in the category.  
(2) Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and Paycheck Protection Program ("PPP") loans.  
(3) Includes loans underlying multifamily cooperatives.  
(4) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.

Outlined below are the loan originations, for the quarter ended as indicated.

(Dollars in millions)

**Q4 2025**

**Q3 2025**

**Q4 2024**

Originations Excluding New Lines of Credit

**$**

**225.3**

$

170.6

$

187.5

Originations Including New Lines of Credit

**467.2**

535.6

361.2

**  
Deposits and Borrowed Funds**

Period end total deposits (including mortgage escrow deposits) at December 31, 2025 were $12.84 billion, compared to $12.06 billion at September 30, 2025 and $11.69 billion at December 31, 2024.

Mr. Lubow commented, "Deposit growth in the fourth quarter was broad based, across all of our channels, including contributions from the branch network, commercial banking, private banking and municipal banking."

Brokered deposits were $200.0 million at December 31, 2025, compared to $200.0 million at September 30, 2025 and $422.8 million at December 31, 2024. Total Federal Home Loan Bank advances were $508.0 million at December 31, 2025, compared to $508.0 million at September 30, 2025 and $608.0 million at December 31, 2024.

**Non-Interest Income**

Non-interest income was $11.5 million during the fourth quarter of 2025, $12.2 million during the third quarter of 2025, and a loss of $33.9 million during the fourth quarter of 2024. Fourth quarter 2024 results included $42.8 million of pre-tax loss-on-sale of securities related to the re-positioning of the available-for-sale securities portfolio.

**Non-Interest Expense**

Total non-interest expense was $65.1 million during the fourth quarter of 2025, $62.2 million during the third quarter of 2025, and $60.6 million during the fourth quarter of 2024. Excluding the impact of the loss on extinguishment of debt, amortization of other intangible assets, severance expense, settlement loss related to the termination of a legacy pension plan, and the FDIC special assessment, adjusted non-interest expense was $62.3 million during the fourth quarter of 2025, $62.0 million during the third quarter of 2025, and $57.7 million during the fourth quarter of 2024 (see "Non-GAAP Reconciliation" tables at the end of this news release).

The ratio of non-interest expense to average assets was 1.72% during the fourth quarter of 2025, compared to 1.73% during the linked quarter and 1.76% during the fourth quarter of 2024. Excluding the impact of the loss on extinguishment of debt, amortization of other intangible assets, severance expense, the FDIC special assessment and settlement loss related to the termination of a legacy pension plan, the ratio of adjusted non-interest expense to average assets was 1.65% during the fourth quarter of 2025, 1.72% during the third quarter of 2025, and 1.68% during the fourth quarter of 2024 (see "Non-GAAP Reconciliation" tables at the end of this news release).

The efficiency ratio was 52.6% during the fourth quarter of 2025, compared to 53.8% during the linked quarter and 105.9% during the fourth quarter of 2024. Excluding the impact of net (gain) loss on sale of securities and other assets, fair value change in equity securities and loans held for sale, severance expense, the FDIC special assessment, settlement loss related to the termination of a legacy pension plan, loss on extinguishment of debt and amortization of other intangible assets, the adjusted efficiency ratio was 50.3% during the fourth quarter of 2025, compared to 53.1% during the linked quarter and 58.0% during the fourth quarter of 2024 (see "Non-GAAP Reconciliation" tables at the end of this news release).

**Income Tax Expense**

Income tax expense was $16.0 million during the fourth quarter of 2025, $12.4 million during the third quarter of 2025, and $3.3 million during the fourth quarter of 2024. The fourth quarter of 2025 included $2.7 million of net expense from discrete items related to an uncertain tax position and a deferred tax item from prior tax years. The fourth quarter of 2024 included $9.1 million of income tax expense related to the taxable gain and Modified Endowment Contract Tax ("MEC Tax") on the surrender of legacy Bank Owned Life Insurance ("BOLI") assets. Excluding the tax impact of the discrete items noted above, the effective tax rate for the fourth quarter of 2025 was 27.8%. Excluding the tax impact of the BOLI surrender, the fourth quarter 2024 effective rate was a tax benefit of 33.5%.

**Credit Quality**

Non-performing loans were $52.3 million at December 31, 2025, compared to $72.1 million at September 30, 2025 and $49.5 million at December 31, 2024.

A credit loss provision of $10.9 million was recorded during the fourth quarter of 2025, compared to a credit loss provision of $13.3 million during the third quarter of 2025, and a credit loss provision of $13.7 million during the fourth quarter of 2024.

**Capital Management**

Stockholders’ equity increased $23.4 million to $1.48 billion at December 31, 2025, compared to $1.45 billion at September 30, 2025.

The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of December 31, 2025.

Dividends per common share were $0.25 during the fourth quarter of 2025 and $0.25 for the third quarter of 2025.

Book value per common share was $30.99 at December 31, 2025 compared to $30.44 at September 30, 2025.

Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was $27.37 at December 31, 2025 compared to $26.81 at September 30, 2025 (see "Non-GAAP Reconciliation" tables at the end of this news release).

**Earnings Call Information**

The Company will conduct a conference call at 8:30 a.m. (ET) on Wednesday, January 21, 2026, during which CEO Lubow will discuss the Company’s fourth quarter 2025 financial performance, with a question-and-answer session to follow.

Participants may access the conference call via webcast using this link: https://edge.media-server.com/mmc/p/9ncxg8oo. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BIddc983f5af2546dbb4f189945a63193d. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

A replay of the conference call and webcast will be available on-demand for 12 months at https://edge.media-server.com/mmc/p/9ncxg8oo.

**ABOUT DIME COMMUNITY BANCSHARES, INC.**  
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share among community banks on Greater Long Island. (1)

(1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

_This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "annualized," "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions._

_Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may affect demand for our products and reduce interest margins and the value of our investments; changes in government monetary or fiscal policies and actions may adversely affect our customers, cost of credit and overall result of operations; changes in deposit flows, the cost of funds, loan demand or real estate values may adversely affect the business of the Company; changes in the quality and composition of the Company’s loan or investment portfolios or unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general socio-economic conditions, public health emergencies, international conflict, inflation, tariffs, and recessionary pressures, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates and may adversely affect our customers, our financial results and our operations; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; there may be difficulties or unanticipated expense incurred in the consummation of new business initiatives or the integration of any acquired entities; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company’s most recent Annual Report on Form 10-K and updates set forth in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K._

**Contact: Avinash Reddy**  
**Senior Executive Vice President – Chief Operating Officer and** **Chief Financial Officer**  
**718-782-6200 extension 5909**

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**

**UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION**

(In thousands)

**December 31,**

**September 30,**

**December 31,**

**2025**  

**2025**  

**2024**  

**Assets:**

Cash and due from banks

**$**

**2,353,966**

$

1,715,044

$

1,283,571

Securities available-for-sale, at fair value

**797,935**

662,667

690,693

Securities held-to-maturity

**618,901**

623,094

637,339

Loans held for sale

**1,989**

—

22,625

**Loans held for investment, net:**

Business loans(1)

**3,240,600**

3,062,674

2,726,602

One-to-four family residential and coop/condo apartment

**1,035,983**

1,030,949

952,195

Multifamily residential and residential mixed-use(2)(3)

**3,424,565**

3,509,811

3,820,492

Non-owner-occupied commercial real estate

**2,933,287**

2,975,474

3,231,398

Acquisition, development and construction

**117,215**

139,145

136,172

Other loans

**6,558**

7,621

5,084

Allowance for credit losses

**(97,372**

**)**

(94,061

)

(88,751

)

**Total loans held for investment, net**

**10,660,836**

10,631,613

10,783,192

Premises and fixed assets, net

**31,255**

32,525

34,858

Restricted stock

**67,197**

66,989

69,106

BOLI

**401,163**

396,904

290,665

Goodwill

**155,797**

155,797

155,797

Other intangible assets

**2,938**

3,173

3,896

Operating lease assets

**42,876**

45,402

46,193

Derivative assets

**76,315**

81,440

116,496

Accrued interest receivable

**55,572**

57,048

55,970

Other assets

**74,891**

67,247

162,857

**Total assets**

**$**

**15,341,631**

$

14,538,943

$

14,353,258

**Liabilities:**

Non-interest-bearing checking (excluding mortgage escrow deposits)

**$**

**3,915,081**

$

3,597,682

$

3,355,829

Interest-bearing checking

**1,178,281**

1,094,995

1,079,823

Savings (excluding mortgage escrow deposits)

**1,777,143**

1,721,670

1,927,903

Money market

**4,806,572**

4,425,143

4,198,784

Certificates of deposit

**1,117,118**

1,138,872

1,069,081

**Deposits (excluding mortgage escrow deposits)**

**12,794,195**

11,978,362

11,631,420

Non-interest-bearing mortgage escrow deposits

**47,051**

83,240

54,715

Interest-bearing mortgage escrow deposits

**—**

5

6

**Total mortgage escrow deposits**

**47,051**

83,245

54,721

**Total deposits (including mortgage escrow deposits)**

**12,841,246**

12,061,607

11,686,141

FHLBNY advances

**508,000**

508,000

608,000

Other short-term borrowings

**—**

—

50,000

Subordinated debt, net

**272,503**

272,459

272,325

Derivative cash collateral

**52,400**

57,260

112,420

Operating lease liabilities

**45,729**

48,138

48,993

Derivative liabilities

**73,573**

77,637

108,347

Other liabilities

**72,411**

61,500

70,515

**Total liabilities**

**13,865,862**

13,086,601

12,956,741

**Stockholders' equity:**

Preferred stock, Series A

**116,569**

116,569

116,569

Common stock

**462**

461

461

Additional paid-in capital

**623,041**

622,657

624,822

Retained earnings

**854,167**

835,083

794,526

Accumulated other comprehensive loss ("AOCI"), net of deferred taxes

**(31,468**

**)**

(33,596

)

(45,018

)

Unearned equity awards

**(8,661**

**)**

(11,332

)

(7,640

)

Treasury stock, at cost

**(78,341**

**)**

(77,500

)

(87,203

)

**Total stockholders' equity**

**1,475,769**

1,452,342

1,396,517

**Total liabilities and stockholders' equity**

**$**

**15,341,631**

$

14,538,943

$

14,353,258

(1) Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans.  
(2) Includes loans underlying multifamily cooperatives.  
(3) While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**

**UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS**

(Dollars in thousands except share and per share amounts)

**Three Months Ended**

**Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**  

**2025**  

**2024**  

**2025**  

**2024**  

**Interest income:**

Loans

**$**

**147,143**

$

147,756

$

148,000

$

**583,052**

$

590,492

Securities

**11,354**

11,338

10,010

**45,368**

33,563

Other short-term investments

**21,987**

16,449

7,473

**57,022**

26,094

**Total interest income**

**180,484**

175,543

165,483

**685,442**

650,149

**Interest expense:**

Deposits and escrow

**58,926**

62,950

64,773

**240,131**

284,745

Borrowed funds

**8,718**

8,406

8,542

**33,859**

41,036

Derivative cash collateral

**551**

788

1,070

**3,454**

6,314

**Total interest expense**

**68,195**

72,144

74,385

**277,444**

332,095

**Net interest income**

**112,289**

103,399

91,098

**407,998**

318,054

**Provision for credit losses**

**10,889**

13,294

13,715

**43,030**

36,113

**Net interest income after provision**

**101,400**

90,105

77,383

**364,968**

281,941

**Non-interest income:**

Service charges and other fees

**5,413**

5,209

3,942

**19,907**

16,725

Title fees

**317**

126

226

**659**

843

Loan level derivative income

**285**

650

491

**1,938**

2,114

BOLI income

**4,259**

4,956

2,825

**17,394**

10,376

Gain on sale of Small Business Administration ("SBA") loans

**487**

38

22

**994**

407

Gain on sale of residential loans

**75**

37

83

**194**

225

Fair value change in equity securities and loans held for sale

**48**

51

15

**200**

(1,204

)

Net gain (loss) on securities

**—**

14

(42,810

)

**163**

(42,810

)

(Loss) gain on sale of other assets

**(111**

**)**

(1,117

)

554

**(1,228**

**)**

7,219

Other

**721**

2,247

791

**4,712**

2,150

**Total non-interest income (loss)**

**11,494**

12,211

(33,861

)

**44,933**

(3,955

)

**Non-interest expense:**

Salaries and employee benefits

**40,769**

38,344

35,761

**150,982**

136,114

Severance

**2,493**

6

1,254

**2,711**

1,296

Occupancy and equipment

**8,059**

8,107

7,569

**31,897**

29,794

Data processing costs

**4,868**

4,798

4,483

**19,363**

17,745

Marketing

**2,038**

1,961

1,897

**7,421**

6,660

Professional services

**1,381**

2,228

2,345

**7,822**

8,614

Federal deposit insurance premiums

**1,791**

1,799

2,116

**7,329**

8,710

Loss on extinguishment of debt

**—**

—

—

**—**

454

Loss due to pension settlement

**—**

—

1,215

**7,231**

1,215

Amortization of other intangible assets

**235**

236

285

**958**

1,163

Other

**3,434**

4,745

3,688

**17,388**

14,782

**Total non-interest expense**

**65,068**

62,224

60,613

**253,102**

226,547

**Income (loss) before taxes**

**47,826**

40,092

(17,091

)

**156,799**

51,439

**Income tax expense**

**15,970**

12,421

3,322

**46,117**

22,355

**Net income (loss)**

**31,856**

27,671

(20,413

)

**110,682**

29,084

Preferred stock dividends

**1,821**

1,822

1,821

**7,286**

7,286

**Net income (loss) available to common stockholders**

**$**

**30,035**

$

25,849

$

(22,234

)

$

**103,396**

$

21,798

**Earnings per common share ("EPS"):**

**Basic**

**$**

**0.68**

$

0.59

$

(0.54

)

**$**

**2.36**

**$**

0.55

**Diluted**

**$**

**0.68**

$

0.59

$

(0.54

)

**$**

**2.36**

**$**

0.55

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**

**UNAUDITED SELECTED FINANCIAL HIGHLIGHTS**

(Dollars in thousands except per share amounts)

**At or For the Three Months Ended**

**At or For the Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**

**2025**

**2024**  

**2025**

**2024**

**Per Share Data:**

Reported EPS (Diluted)

**$**

**0.68**

$

0.59

$

(0.54

)

$

**2.36**

$

0.55

Cash dividends paid per common share

**0.25**

0.25

0.25

**1.00**

1.00

Book value per common share

**30.99**

30.44

29.34

**30.99**

29.34

Tangible common book value per share(1)

**27.37**

26.81

25.68

**27.37**

25.68

Common shares outstanding

**43,862**

43,889

43,622

**43,862**

43,622

Dividend payout ratio

**36.76**

**%**

42.37

%

(46.30

)

%

**42.37**

%

181.82

%

**Performance Ratios (Based upon Reported Net Income):**

Return on average assets

**0.84**

**%**

0.77

%

(0.59

)

%

**0.77**

%

0.21

%

Return on average equity

**8.60**

7.59

(6.02

)

**7.64**

2.27

Return on average tangible common equity(1)

**10.01**

8.80

(8.16

)

**8.87**

2.24

Net interest margin

**3.11**

3.01

2.79

**3.01**

2.48

Non-interest expense to average assets

**1.72**

1.73

1.76

**1.77**

1.66

Efficiency ratio

**52.6**

53.8

105.9

**55.9**

72.1

Effective tax rate

**33.39**

30.98

(19.44

)

**29.41**

43.46

**Balance Sheet Data:**

Average assets

**$**

**15,106,328**

$

14,426,002

$

13,759,002

$

**14,334,798**

$

13,618,789

Average interest-earning assets

**14,325,493**

13,638,036

12,974,958

**13,534,518**

12,837,416

Average tangible common equity(1)

**1,206,522**

1,182,158

1,080,177

**1,173,523**

1,006,390

Loan-to-deposit ratio at end of period(2)

**83.8**

**%**

88.9

%

93.0

%

**83.8**

%

93.0

%

**Capital Ratios and Reserves - Consolidated:**

Tangible common equity to tangible assets(1) (3)

**7.91**

**%**

8.18

%

7.89

%

Tangible equity to tangible assets(1) (3)

**8.67**

8.99

8.71

Tier 1 common equity ratio(3)

**11.66**

11.53

11.07

Tier 1 risk-based capital ratio(3)

**12.76**

12.64

12.17

Total risk-based capital ratio(3)

**16.23**

16.18

15.65

Tier 1 leverage ratio(3)

**9.01**

9.29

9.39

Consolidated CRE concentration ratio(3)(4)

**387**

401

447

Allowance for credit losses/ Total loans

**0.91**

0.88

0.82

Allowance for credit losses/ Non-performing loans

**186.14**

130.54

179.37

(1) See "Non-GAAP Reconciliation" tables for reconciliation of tangible equity, tangible common equity, and tangible assets.  
(2) Total deposits include mortgage escrow deposits, which fluctuate seasonally.  
(3) December 31, 2025 ratios are preliminary pending completion and filing of the Company’s regulatory reports.  
(4) The Consolidated CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner-occupied commercial real estate, multifamily, and acquisition, development, and construction, divided by consolidated capital. The December 31, 2025 ratio is preliminary pending completion and filing of the Company’s regulatory reports.

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**

**UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME**

(Dollars in thousands)

**Three Months Ended**

**December 31,2025**

**September 30, 2025**

**December 31, 2024**

**Average**

**Average**

**Average**

**Average**

**Yield/**

**Average**

**Yield/**

**Average**

**Yield/**

**Balance**

**Interest**

**Cost**

**Balance**

**Interest**

**Cost**

**Balance**

**Interest**

**Cost**

Assets:

Interest-earning assets:

Business loans

**$**

**3,150,711**

**$**

**53,339**

**6.72**

**%**

$

2,957,434

$

50,271

6.74

%

$

2,681,953

$

46,791

6.94

%

One-to-four family residential and coop/condo apartment

**1,038,020**

**12,381**

**4.73**

1,023,844

12,120

4.70

943,319

11,061

4.66

Multifamily residential and residential mixed-use

**3,459,918**

**39,459**

**4.52**

3,591,822

41,712

4.61

3,848,579

44,152

4.56

Non-owner-occupied commercial real estate

**2,959,801**

**39,153**

**5.25**

3,067,598

40,439

5.23

3,265,906

42,865

5.22

Acquisition, development, and construction

**130,805**

**2,783**

**8.44**

145,902

3,184

8.66

139,440

3,101

8.85

Other loans

**6,939**

**28**

**1.60**

7,515

30

1.58

4,781

30

2.50

Total loans

**10,746,194**

**147,143**

**5.43**

10,794,115

147,756

5.43

10,883,978

148,000

5.41

Securities

**1,351,926**

**11,354**

**3.33**

1,340,223

11,338

3.36

1,455,449

10,010

2.74

Other short-term investments

**2,227,373**

**21,987**

**3.92**

1,503,698

16,449

4.34

635,531

7,473

4.68

Total interest-earning assets

**14,325,493**

**180,484**

**5.00**

**%**

13,638,036

175,543

5.11

%

12,974,958

165,483

5.07

%

Non-interest-earning assets

**780,835**

787,966

784,044

Total assets

**$**

**15,106,328**

$

14,426,002

$

13,759,002

Liabilities and Stockholders' Equity:

Interest-bearing liabilities:

Interest-bearing checking(1)

**$**

**1,237,657**

**$**

**6,377**

**2.04**

**%**

$

1,069,761

$

5,306

1.97

%

$

912,645

$

5,115

2.23

%

Money market

**4,640,344**

**31,752**

**2.71**

4,359,512

34,877

3.17

3,968,793

33,695

3.38

Savings(1)

**1,766,787**

**11,387**

**2.56**

1,821,289

13,273

2.89

1,905,866

14,828

3.10

Certificates of deposit

**1,123,240**

**9,410**

**3.32**

1,116,152

9,494

3.37

1,126,859

11,135

3.93

Total interest-bearing deposits

**8,768,028**

**58,926**

**2.67**

8,366,714

62,950

2.99

7,914,163

64,773

3.26

FHLBNY advances

**508,000**

**4,194**

**3.28**

508,000

4,104

3.21

509,630

4,241

3.31

Subordinated debt, net

**272,474**

**4,523**

**6.59**

272,429

4,301

6.26

272,311

4,301

6.28

Other short-term borrowings

**130**

**1**

**3.05**

76

1

5.22

543

—

—

Total borrowings

**780,604**

**8,718**

**4.43**

780,505

8,406

4.27

782,484

8,542

4.34

Derivative cash collateral

**52,982**

**551**

**4.13**

63,856

788

4.90

99,560

1,070

4.28

Total interest-bearing liabilities

**9,601,614**

**68,195**

**2.82**

**%**

9,211,075

72,144

3.11

%

8,796,207

74,385

3.36

%

Non-interest-bearing checking(1)

**3,839,434**

3,573,448

3,396,457

Other non-interest-bearing liabilities

**183,300**

183,627

209,712

Total liabilities

**13,624,348**

12,968,150

12,402,376

Stockholders' equity

**1,481,980**

1,457,852

1,356,626

Total liabilities and stockholders' equity

**$**

**15,106,328**

$

14,426,002

$

13,759,002

Net interest income

**$**

**112,289**

$

103,399

$

91,098

Net interest rate spread

**2.18**

**%**

2.00

%

1.71

%

Net interest margin

**3.11**

**%**

3.01

%

2.79

%

Deposits (including non-interest-bearing checking accounts)(1)

**$**

**12,607,462**

**$**

**58,926**

**1.85**

**%**

$

11,940,162

$

62,950

2.09

%

$

11,310,620

$

64,773

2.28

%

  
(1) Includes mortgage escrow deposits.

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**

**UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS**

(Dollars in thousands)

**At or For the Three Months Ended**

**December 31,**

**September 30,**

**December 31,**

**Asset Quality Detail**

**2025**  

**2025**  

**2024**  

Non-performing loans ("NPLs")

Business loans

**$**

**22,606**

$

21,005

$

22,624

One-to-four family residential and coop/condo apartment

**3,623**

2,440

3,213

Multifamily residential and residential mixed-use

**—**

—

—

Non-owner-occupied commercial real estate

**25,671**

47,952

22,960

Acquisition, development, and construction

**412**

657

657

Other loans

**—**

—

25

Total Non-accrual loans

**$**

**52,312**

$

72,054

$

49,479

Total Non-performing assets ("NPAs")(1)

**$**

**52,762**

$

72,054

$

49,479

Total loans 90 days delinquent and accruing ("90+ Delinquent")

**$**

**—**

$

—

$

—

NPAs and 90+ Delinquent

**$**

**52,762**

$

72,054

$

49,479

NPAs and 90+ Delinquent / Total assets

**0.34**

**%**

0.50

%

0.34

%

Net loan charge-offs ("NCOs")

**$**

**7,271**

$

12,586

$

10,611

NCOs / Average loans(2)

**0.27**

**%**

0.47

%

0.39

%

  
(1) December 31, 2025 balances include one non-performing available-for-sale security in the amount of $450 thousand.  
(2) Calculated based on annualized NCOs to average loans, excluding loans held for sale.

**DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES**  
**NON-GAAP RECONCILIATION**  
(Dollars in thousands except per share amounts)

The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provides investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.

The following non-GAAP financial measures exclude pre-tax income and expenses associated with the fair value change in equity securities and loans held for sale, loss (gain) on sale of securities and other assets, severance, the FDIC special assessment, loss on extinguishment of debt and loss due to pension settlement. The non-GAAP financial measures also include taxes related to the surrender of BOLI assets.

**Three Months Ended**

**Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**  

**2025**  

**2024**  

**2025**  

**2024**  

**Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders**

Reported net income available to common stockholders

**$**

**30,035**

$

25,849

$

(22,234

)

**$**

**103,396**

$

21,798

Adjustments to net income(1):

Fair value change in equity securities and loans held for sale

**(48**

**)**

(51

)

(15

)

**(200**

**)**

1,204

Loss on sale of securities and other assets

**111**

1,112

42,256

**1,151**

35,591

Severance

**2,493**

6

1,254

**2,711**

1,296

FDIC special assessment

**—**

—

126

**—**

126

Loss on extinguishment of debt

**—**

—

—

**—**

454

Loss due to pension settlement

**—**

—

1,215

**7,231**

1,215

Income tax effect of adjustments noted above(1)

**(784**

**)**

(328

)

(14,258

)

**(3,343**

**)**

(12,684

)

BOLI tax adjustment(2):

**—**

—

9,073

**—**

9,073

Other discrete tax items

**2,688**

—

—

**2,688**

—

Adjusted net income available to common stockholders (non-GAAP)

**$**

**34,495**

$

26,588

$

17,417

$

**113,634**

$

58,073

**Adjusted Ratios (Based upon Adjusted (non-GAAP) Net Income as calculated above)**

Adjusted EPS (Diluted)

**$**

**0.79**

$

0.61

$

0.42

**$**

**2.59**

$

1.46

Adjusted return on average assets

**0.96**

**%**

0.79

%

0.56

%

**0.84**

%

0.48

%

Adjusted return on average equity

**9.80**

7.80

5.67

**8.34**

5.09

Adjusted return on average tangible common equity

**11.49**

9.05

6.52

**9.74**

5.85

Adjusted non-interest expense to average assets

**1.65**

1.72

1.68

**1.69**

1.63

Adjusted efficiency ratio

**50.3**

53.1

58.0

**53.4**

63.4

  
(1) Adjustments to net income (loss) are taxed at the Company's approximate statutory tax rate.  
(2) Reflects income tax expense related to the taxable gain and MEC Tax on surrender of legacy BOLI assets.

The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):

**Three Months Ended**

**Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**  

**2025**  

**2024**  

**2025**  

**2024**  

**Operating expense as a % of average assets - as reported**

**1.72**

**%**

1.73

%

1.76

%

**1.77**

**%**

1.66

%

Severance

**(0.07**

**)**

—

(0.04

)

**(0.02**

**)**

(0.01

)

Loss due to pension settlement

**—**

—

(0.04

)

**(0.05**

**)**

(0.01

)

Amortization of other intangible assets

**—**

(0.01

)

—

**(0.01**

**)**

(0.01

)

**Adjusted operating expense as a % of average assets (non-GAAP)**

**1.65**

**%**

1.72

%

1.68

%

**1.69**

%

1.63

%

  
The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):  

**Three Months Ended**

**Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**  

**2025**  

**2024**  

**2025**  

**2024**  

**Efficiency ratio - as reported (non-GAAP)****(1)**

**52.6**

**%**

53.8

%

105.9

%

**55.9**

**%**

72.1

%

Non-interest expense - as reported

**$**

**65,068**

$

62,224

$

60,613

**$**

**253,102**

$

226,547

Severance

**(2,493**

**)**

(6

)

(1,254

)

**(2,711**

**)**

(1,296

)

FDIC special assessment

**—**

—

(126

)

**—**

(126

)

Loss on extinguishment of debt

**—**

—

—

**—**

(454

)

Loss due to pension settlement

**—**

—

(1,215

)

**(7,231**

**)**

(1,215

)

Amortization of other intangible assets

**(235**

**)**

(236

)

(285

)

**(958**

**)**

(1,163

)

Adjusted non-interest expense (non-GAAP)

**$**

**62,340**

$

61,982

$

57,733

**$**

**242,202**

$

222,293

Net interest income - as reported

**$**

**112,289**

$

103,399

$

91,098

**$**

**407,998**

$

318,054

Non-interest income - as reported

**$**

**11,494**

$

12,211

$

(33,861

)

**$**

**44,933**

$

(3,955

)

Fair value change in equity securities and loans held for sale

**(48**

**)**

(51

)

(15

)

**(200**

**)**

1,204

Loss on sale of securities and other assets

**111**

1,112

42,256

**1,151**

35,591

Adjusted non-interest income (non-GAAP)

**$**

**11,557**

$

13,272

$

8,380

**$**

**45,884**

$

32,840

Adjusted total revenues for adjusted efficiency ratio (non-GAAP)

**$**

**123,846**

$

116,671

$

99,478

**$**

**453,882**

$

350,894

**Adjusted efficiency ratio (non-GAAP)****(2)**

**50.3**

**%**

53.1

%

58.0

%

**53.4**

**%**

63.4

%

(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.  
(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income.

The following table presents a reconciliation of pre-tax pre provision net revenue (non-GAAP) and adjusted pre-tax pre-provision net revenue (non-GAAP):

**Three Months Ended**

**Year Ended**

**December 31,**

**September 30,**

**December 31,**

**December 31,**

**December 31,**

**2025**

**2025**

**2024**  

**2025**

**2024**  

**Financial Data:**

Net interest income

**$**

**112,289**

$

103,399

$

91,098

**$**

**407,998**

$

318,054

Non-interest income (loss)

**11,494**

12,211

(33,861

)

**44,933**

(3,955

)

Total revenue

**123,783**

115,610

57,237

**452,931**

314,099

Non-interest expense

**65,068**

62,224

60,613

**253,102**

226,547

**Pre-tax pre-provision net revenue (non-GAAP)****(1)**

**$**

**58,715**

$

53,386

$

(3,376

)

**$**

**199,829**

$

87,552

**Adjusted pre-tax pre-provision net revenue (non-GAAP)****(2)**

**$**

**61,506**

$

54,689

$

41,745

**$**

**211,680**

$

128,601

(1) The reported pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and GAAP non-interest income less GAAP non-interest expense.  
(2) The adjusted pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and the adjusted non-interest income less the adjusted non-interest expense as shown in the reconciliation of efficiency ratio table above.  

The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):

**December 31,**

**September 30,**

**December 31,**

**2025**  

**2025**  

**2024**  

**Reconciliation of Tangible Assets:**

Total assets

**$**

**15,341,631**

$

14,538,943

$

14,353,258

Goodwill

**(155,797**

**)**

(155,797

)

(155,797

)

Other intangible assets

**(2,938**

**)**

(3,173

)

(3,896

)

Tangible assets (non-GAAP)

**$**

**15,182,896**

$

14,379,973

$

14,193,565

**Reconciliation of Tangible Common Equity - Consolidated:**

Total stockholders' equity

**$**

**1,475,769**

$

1,452,342

$

1,396,517

Goodwill

**(155,797**

**)**

(155,797

)

(155,797

)

Other intangible assets

**(2,938**

**)**

(3,173

)

(3,896

)

Tangible equity (non-GAAP)

**1,317,034**

1,293,372

1,236,824

Preferred stock, net

**(116,569**

**)**

(116,569

)

(116,569

)

Tangible common equity (non-GAAP)

**$**

**1,200,465**

$

1,176,803

$

1,120,255

Common shares outstanding

**43,862**

43,889

43,622

Tangible common equity to tangible assets (non-GAAP)

**7.91**

%

8.18

%

7.89

%

Tangible equity to tangible assets (non-GAAP)

**8.67**

8.99

8.71

Book value per common share

**$**

**30.99**

$

30.44

$

29.34

Tangible common book value per share (non-GAAP)

**27.37**

26.81

25.68

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