Dime Community Bancshares, Inc. /NY/

Listed Company

DCOM-PCIK 0000846617NYSELarge AcceleratedNational Commercial BanksNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$19.91M

Net Income

$110.68M

Total Assets

$15.34B

Equity

$1.48B

Shares Out

43.91M

Op. Cash Flow

$186.57M

Business

Dime Community Bancshares, Inc. operates as a bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank. It offers full-service commercial and consumer banking products including deposit accounts, commercial and residential loans, mortgage-backed and government securities, cash and treasury management, card processing, online and remote banking, and investment services through a third-party broker-dealer. Key operating units include the holding company, Dime Community Bank, Dime Abstract title insurance brokerage, and Dime Financial Services. The company serves Greater Long Island and New York City markets through branch networks, digital channels and third-party service arrangements.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	583	590	554	407	359
Securities	45	34	32	29	23
Other short-term investments	57	26	23	3	3
Total interest income	685	650	609	439	385
Deposits and escrow	240	285	219	38	17
Borrowed funds	34	41	66	19	10
Derivative cash collateral	3	6	7	2	—
Total interest expense	277	332	293	59	—
Net interest income	408	318	317	380	358
Provision for credit losses	43	36	3	5	6
Net interest income after provision for credit losses	365	282	314	374	351
Service charges and other fees	20	17	16	16	16
Title fees	659,000	843,000	1	2	2
Loan level derivative income	2	2	7	4	3
BOLI income	17	10	10	10	7
Gain on sale of SBA Loans	994,000	407,000	2	2	23
Gain on sale of residential loans	194,000	225,000	115,000	448,000	2
Fair value change in equity securities and loans held for sale	200,000	−1	−758,000	—	—
Gain (loss) on securities	163,000	−43	−1	—	—
(Loss) gain on sale of other assets	−1	7	−22,000	1	—
Other	5	2	2	2	4
Total non-interest income (loss)	45	−4	36	38	42
Salaries and employee benefits	151	136	117	120	108
Severance	3	1	9	2	2
Occupancy and equipment	32	30	29	30	31
Data processing costs	19	18	16	15	17
Marketing	7	7	7	6	5
Professional services	8	9	6	8	9
Federal deposit insurance premiums	7	9	9	4	4
Loss from extinguishment of debt for FHLBNY advances	—	454,000	—	740,000	2
Loss due to pension settlement	7	1	—	—	—
Amortization of other intangible assets	1	1	1	2	3
Other	17	15	18	13	14
Total non-interest expense	253	227	213	201	245
Income before income taxes	157	51	137	212	148
Income tax expense	46	22	41	59	44
Net income	111	29	96	153	104
Preferred stock dividends	7	7	7	7	7
Net income available to common stockholders	103	22	89	—	—
Basic (in dollars per share)	2.36	0.55	2.29	3.73	2.45
Diluted (in dollars per share)	2.36	0.55	2.29	3.73	2.45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	2,354	1,284	458	169	394
Securities available-for-sale, at fair value	798	691	886	951	1,564
Securities held-to-maturity	619	637	595	586	179
Loans held for sale	2	23	10	—	5
Loans held for investment, net of fees and costs	10,758	10,872	10,773	10,567	9,245
Allowance for credit losses	−97	−89	−72	−84	−84
Total loans held for investment, net	10,661	10,783	10,702	10,483	9,161
Premises and fixed assets, net	31	35	45	47	50
Restricted stock	67	69	99	89	38
BOLI	401	291	350	333	296
Goodwill	156	156	156	156	156
Other intangible assets	3	4	5	6	8
Operating lease assets	43	46	53	58	64
Derivative assets	76	116	122	154	45
Accrued interest receivable	56	56	56	49	40
Other assets	75	163	100	109	65
Total assets	15,342	14,353	13,636	13,190	12,066
Interest-bearing deposits	8,879	8,276	7,585	6,735	6,539
Non-interest-bearing deposits	3,915	3,356	2,884	3,450	3,920
Deposits (excluding mortgage escrow deposits)	12,794	11,631	10,469	10,185	—
Non-interest-bearing mortgage escrow deposits	47	55	61	69	—
Interest-bearing mortgage escrow deposits	—	6,000	136,000	192,000	—
Total mortgage escrow deposits	47	55	61	70	—
Total deposits (including mortgage escrow deposits)	12,841	11,686	—	10,254	10,459
FHLBNY advances	508	608	1,313	1,131	25
Other short-term borrowings	—	50	—	1	2
Subordinated debt, net	273	272	200	200	197
Derivative cash collateral	52	112	108	153	5
Operating lease liabilities	46	49	55	60	66
Derivative liabilities	74	108	121	137	41
Other liabilities	72	71	81	83	79
Total liabilities	13,866	12,957	12,410	12,020	10,874
Commitments and contingencies	—	—	—	—	—
Preferred stock, Series A ($0.01 par, $25.00 liquidation value, 10,000,000 shares authorized and 5,299,200 shares issued and outstanding at December 31, 2025 and December 31, 2024)	117	117	117	117	117
Common stock ($0.01 par, 80,000,000 shares authorized, 46,151,302 shares and 46,141,361 shares issued at December 31, 2025 and December 31, 2024 respectively, and 43,862,327 shares and 43,622,292 shares outstanding at December 31, 2025 and December 31, 2024, respectively)	462,000	461,000	416,000	416,000	416,000
Additional paid-in capital	623	625	494	495	494
Retained earnings	854	795	813	763	655
Accumulated other comprehensive loss, net of deferred taxes	−31	−45	−92	−94	−6
Unearned equity awards	−9	−8	−9	−8	−8
Treasury stock, at cost (2,288,975 shares and 2,519,069 shares at December 31, 2025 and December 31, 2024, respectively)	−78	−87	−98	−103	−59
Total stockholders' equity	1,476	1,397	1,226	1,170	1,193
Total liabilities and stockholders' equity	15,342	14,353	13,636	13,190	12,066

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on sale of loans held for sale	−1	−632,000	−2	−2	−25
Net depreciation, amortization and accretion	5	6	6	8	8
(Accretion) amortization of fair value hedge basis point adjustments	−398,000	2	561,000	—	—
Loss on extinguishment of debt	—	454,000	—	740,000	2
Stock-based compensation	8	7	5	4	5
Originations of loans held for sale	−17	−13	−8	−21	−49
Proceeds from sale of loans originated for sale	29	19	32	46	77
Increase in cash surrender value of BOLI	−17	−10	−9	−8	−7
Gain from death benefits from BOLI	−834,000	—	−645,000	−2	−350,000
Decrease in other assets	91	9	10	−35	125
Decrease in other liabilities	−66	−23	−46	145	−118
Net cash provided by operating activities	187	99	91	295	146
Proceeds from sales of securities available-for-sale	39	379	78	—	138
Purchases of securities available-for-sale	−265	−335	−86	−39	−1,095
Purchases of securities held-to-maturity	−9	−68	−28	−63	−40
Proceeds from calls and principal repayments of securities available-for-sale	140	173	77	165	411
Proceeds from calls and principal repayments of securities held-to-maturity	31	28	23	32	1
Purchase of BOLI	−97	−15	−8	−30	−40
Proceeds received from cash surrender value of BOLI	4	—	1	3	1
Loans purchased	−11	−7	—	—	−10
Proceeds from the sale of portfolio loans transferred to held for sale	39	18	5	13	685
Decrease (increase) in loans	60	−153	−260	−1,360	283
Purchases of fixed assets, net	−4	−6	−6	−4	—
Proceeds from the sale of fixed assets and premises held for sale	2	19	25,000	2	—
Sales (purchases) of restricted stock, net	2	30	−10	−51	46
Net cash (used in) provided by investing activities	−69	64	−214	−1,332	1,103
Increase in deposits	1,155	1,156	276	−204	519
(Repayments) proceeds from FHLBNY advances, short-term, net	−100	−615	20	1,070	−1,229
(Repayments) proceeds of FHLBNY advances, long-term	—	−150	162	—	−190
Proceeds (repayments) from FHLBNY advances, long-term	—	60	−1	36	25
(Repayments) proceeds of other short-term borrowings, net	−50	50	—	−502,000	−118
Proceeds from subordinated debentures issuance, net	—	72	—	158	—
Proceeds from common stock issuance, net	—	136	—	—	—
Release of stock for benefit plan awards	924,000	1	1	1	1
Payments related to tax withholding for equity awards	−3	−1	−1	−2	−111,000
Purchase of treasury stock	—	—	−947,000	−47	−59
Cash dividends paid to preferred stockholders	−7	−7	−7	−7	−7
Cash dividends paid to common stockholders	−43	−38	−37	−37	−39
Net cash provided by financing activities	953	663	411	813	−1,099
Increase in cash and cash equivalents	1,070	826	288	−224	150
Cash paid for income taxes	54	29	38	44	35
Cash paid for interest	278	343	281	55	28
Loans transferred to loans held for sale	54	37	37	35	693
Loans transferred to loans held for investment	22	3	—	4	—
Premises transferred to held for sale	255	9	905,000	—	3
Operating lease assets in exchange for operating lease liabilities	10	6	6	5	10
Surrender of BOLI assets	—	85	—	—	—

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