Dime Announces Intention to Redeem Subordinated Debt and Reauthorization of Share Repurchase Plan
Rhea-AI Summary
Dime Community Bancshares (NASDAQ:DCOM) announced its intention to redeem at par on March 30, 2026 all outstanding $40,000,000 principal amount of fixed/floating subordinated debentures due 2030. The redemption will be funded with cash on hand and is expected to be accretive to EPS.
Separately, the Board reauthorized the share repurchase program to allow repurchases of up to 1,566,947 outstanding common shares remaining under the existing plan. The company reported a Total Capital Ratio in excess of 16% and said buybacks depend on market conditions and regulatory approvals.
Positive
- Planned redemption of $40,000,000 subordinated debentures
- Redemption funded with cash on hand
- Redemption expected to be accretive to EPS
- Board reauthorized repurchases of up to 1,566,947 shares
- Reported Total Capital Ratio >16%, indicating capital strength
Negative
- Share repurchases subject to regulatory approval and may not occur
- Timing and amount of repurchases dependent on market conditions
- Redemption reduces available subordinated capital until replaced
Key Figures
Market Reality Check
Peers on Argus
DCOM fell 3.1% while key peers like HOPE (-2.89%), MBIN (-3.52%), NBHC (-3.31%), and TCBK (-2.88%) also declined; BY was a mild outlier at +0.88%, suggesting broader regional bank weakness but not a clean sector-wide momentum signal.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Earnings results | Positive | +8.6% | Record Q4 2025 revenue and sharply higher full-year net income and EPS. |
| Jan 13 | Earnings date | Neutral | +1.3% | Announcement of Q4 2025 earnings release date and related conference call. |
| Dec 23 | Community grant | Neutral | -0.7% | Grant to Junior Achievement of Long Island for financial education programs. |
| Dec 17 | Dividend declaration | Positive | +0.9% | Quarterly cash dividend of $0.25 per share maintaining distribution policy. |
| Dec 16 | Community grant | Neutral | +0.2% | Grant to Accompany Capital supporting underserved entrepreneurs in NYC. |
Recent fundamental and dividend news has typically led to modestly positive price reactions, with only a small divergence on a community grant headline.
Over the past few months, Dime Community Bancshares has reported improving fundamentals and steady shareholder returns. On Jan 21, 2026, record Q4 2025 revenue of $124.0M and full-year net income of $103.4M drove a +8.63% move. An earnings-date announcement on Jan 13, 2026 also saw a positive reaction. The company maintained a $0.25 quarterly dividend declared on Dec 17, 2025. Community grant announcements in December produced only small price moves, underscoring that investors focus more on earnings and capital return news.
Market Pulse Summary
This announcement highlights active capital management at Dime Community Bancshares. Management intends to redeem $40,000,000 of subordinated debentures at par on March 30, 2026, funded with cash on hand and expected to be accretive to EPS. The board also reauthorized repurchases of up to 1,566,947 common shares, supported by a Total Capital Ratio above 16%. Investors may watch actual repurchase activity, funding impacts, and future earnings updates to gauge the longer-term effects.
Key Terms
fixed/floating subordinated debentures financial
total capital ratio financial
AI-generated analysis. Not financial advice.
HAUPPAUGE, N.Y., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company”) announced its intention to redeem at par on March 30, 2026, all of its outstanding
In addition, the Company’s Board of Directors has reauthorized its share repurchase program, allowing the repurchase of up to 1,566,947 of its outstanding common shares that remain under its existing repurchase plan. The timing and amount of any repurchases will depend on market conditions, regulatory approvals, and other factors. There can be no assurance that any repurchases will be completed in full or at all.
Stuart H. Lubow, CEO and President, stated, “These actions underscore our continued confidence in Dime's financial strength and long-term prospects. With a Total Capital Ratio in excess of
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
Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
FAQ
What will Dime (DCOM) redeem on March 30, 2026?
How will the Dime (DCOM) debenture redemption be funded?
How many shares can Dime (DCOM) repurchase under the reauthorized plan?
Will Dime (DCOM) repurchases definitely occur after reauthorization?
What does the redemption mean for Dime (DCOM) earnings per share?
