Dime Community Bancshares, Inc. Reports 103% Year-Over-Year Increase in Earnings Per Share
Dime Community Bancshares (NASDAQ: DCOM) reported Q3 2025 net income available to common stockholders of $25.8 million, or $0.59 diluted EPS, versus $11.5 million, or $0.29 diluted EPS, in Q3 2024. Adjusted EPS was $0.61. Net interest income rose to $103.4 million and net interest margin (NIM) expanded to 3.01%, with management expecting further NIM improvement in Q4. Core deposits and business loans grew materially year-over-year, total deposits were $12.06 billion, and Common Equity Tier 1 ratio improved to 11.53%.
Non-interest expense was $62.2 million; non-performing loans increased to $72.1 million. A conference call is scheduled for October 23, 2025 at 8:00 a.m. ET.
Dime Community Bancshares (NASDAQ: DCOM) ha riportato l'utile netto disponibile per gli azionisti ordinari nel Q3 2025 di 25,8 milioni di dollari, o 0,59 dollari diluito per azione, rispetto a 11,5 milioni di dollari, o 0,29 dollari diluito per azione, nel Q3 2024. EPS rettificato = 0,61 dollari. Il reddito da interessi netti è salito a 103,4 milioni di dollari e il margine di interesse netto (NIM) si è ampliato al 3,01%, con la direzione che si aspetta un ulteriore miglioramento del NIM nel quarto trimestre. I depositi principali e i prestiti aziendali sono cresciuti notevolmente su base annua, i depositi totali hanno raggiunto 12,06 miliardi di dollari e il rapporto Common Equity Tier 1 è migliorato all'11,53%. Le spese non correlate agli interessi sono state di 62,2 milioni di dollari; i crediti inesigibili sono aumentati a 72,1 milioni di dollari. Una conference call è prevista per il 23 ottobre 2025 alle 8:00 ET.
Dime Community Bancshares (NASDAQ: DCOM) reportó ingreso neto disponible para accionistas comunes en el 3T 2025 de 25,8 millones de dólares, o 0,59 dólares diluido por acción, frente a 11,5 millones de dólares, o 0,29 dólares diluidos por acción, en el 3T 2024. EPS ajustado fue de 0,61. Los ingresos netos por intereses aumentaron a 103,4 millones de dólares y el margen de intereses netos (NIM) se expandió a 3,01%, con la dirección esperando una mayor mejora del NIM en el 4T. Los depósitos principales y los préstamos comerciales crecieron sustancialmente interanualmente, los depósitos totales fueron 12,06 mil millones de dólares y el ratio de Common Equity Tier 1 aumentó a 11,53%. Los gastos no relacionados con intereses fueron de 62,2 millones de dólares; los préstamos morosos aumentaron a 72,1 millones de dólares. Se celebrará una conferencia telefónica el 23 de octubre de 2025 a las 8:00 a.m. ET.
Dime Community Bancshares (NASDAQ: DCOM)는 2025년 3분기에 보통주 자주주에게 귀속되는 순이익이 2,580만 달러, 희석 주당순이익(EPS) 0.59달러로 보고되었으며, 2024년 3분기의 1,150만 달러, 희석 EPS 0.29달러와 비교됩니다. 조정 EPS는 0.61달러였습니다. 순이자이익은 1억 3,340만 달러로 상승했고 순이자마진(NIM)은 3.01%로 확대되었으며 경영진은 4분기에 추가 개선을 기대하고 있습니다. 핵심 예금 및 기업 대출은 연간 대비 크게 증가했고 총 예금은 120.6억 달러였으며 Common Equity Tier 1 비율은 11.53%로 개선되었습니다. 비이자비용은 6,220만 달러였고 불량대출은 7,210만 달러로 증가했습니다. 2025년 10월 23일 동부 표준시 8:00에 컨퍼런스 콜이 예정되어 있습니다.
Dime Community Bancshares (NASDAQ: DCOM) a annoncé un résultat net disponible pour les actionnaires ordinaires du troisième trimestre 2025 de 25,8 millions de dollars, ou 0,59 dollar dilué par action, comparé à 11,5 millions de dollars, ou 0,29 dollar dilué par action, au troisième trimestre 2024. L'EPS ajusté était de 0,61 dollar. Le revenu net d'intérêts est passé à 103,4 millions de dollars et la marge nette d'intérêt (NIM) s'est élargie à 3,01 %, la direction s'attendant à une nouvelle amélioration du NIM au quatrième trimestre. Les dépôts principaux et les prêts commerciaux ont fortement progressé d'une année sur l'autre, les dépôts totaux s'élevant à 12,06 milliards de dollars et le ratio Common Equity Tier 1 s'est amélioré à 11,53 %. Les dépenses hors intérêts étaient de 62,2 millions de dollars ; les prêts non performants ont augmenté à 72,1 millions de dollars. Une conférence téléphonique est prévue le 23 octobre 2025 à 8h00, heure de l'Est.
Dime Community Bancshares (NASDAQ: DCOM) meldete für das dritte Quartal 2025 einen Nettogewinn, der den Stammaktionären zuzurechnen ist, von 25,8 Millionen USD bzw. einen verwässerten Gewinn je Aktie von 0,59 USD, gegenüber 11,5 Millionen USD bzw. 0,29 USD verwässerter EPS im dritten Quartal 2024. Bereinigter EPS betrug 0,61 USD. Net Interest Income stieg auf 103,4 Mio. USD und die Net Interest Margin (NIM) expandierte auf 3,01 %, wobei das Management einen weiteren NIM-Anstieg im vierten Quartal erwartet. Kerneinlagen und Geschäftskredite wuchsen gegenüber dem Vorjahr deutlich; die Gesamteinlagen betrugen 12,06 Milliarden USD, und der Common Equity Tier 1 (CET1) Ratio verbesserte sich auf 11,53 %. Die nicht zinsbedingten Aufwendungen beliefen sich auf 62,2 Mio. USD; notleidende Darlehen erhöhten sich auf 72,1 Mio. USD. Eine Telefonkonferenz ist für den 23. Oktober 2025 um 8:00 Uhr Ostzeit geplant.
Dime Community Bancshares (NASDAQ: DCOM) أعلنت عن صافي الدخل المتاح للمساهمين العاديين للربع الثالث من 2025 بمقدار 25.8 مليون دولار، أو 0.59 دولار للسهم المخفف، مقابل 11.5 مليون دولار، أو 0.29 دولار للسهم المخفف، في الربع الثالث من 2024. EPS المعدل كان 0.61 دولار. ارتفع صافي الدخل من الفوائد إلى 103.4 مليون دولار وتم توسيع الهامش الصافي للفوائد (NIM) إلى 3.01%، مع توقع الإدارة بتحسن إضافي لـNIM في الربع الرابع. ارتفعت الودائع الأساسية والقروض التشغيلية بشكل ملموس على أساس سنوي، وبلغ إجمالي الودائع 12.06 مليار دولار، وتحسن معدل CET1 لحقوق المساهمين العاديين إلى 11.53%. بلغت المصروفات غير المرتبطة بالفوائد 62.2 مليون دولار؛ وارتفعت القروض غير العاملة إلى 72.1 مليون دولار. من المقرر عقد مكالمة هاتفية في 23 أكتوبر 2025 الساعة 8:00 صباحاً بتوقيت شرق الولايات المتحدة.
Dime Community Bancshares (NASDAQ: DCOM) 公布 2025 年第三季度归属于普通股股东的净利润为 2580 万美元，摊薄每股收益为 0.59 美元，较 2024 年第三季度的 1150 万美元、摊薄每股 0.29 美元有所提升。调整后每股收益 (EPS) 为 0.61 美元。净利息收入上升至 1.034 亿美元，净息差 (NIM) 扩张至 3.01%，管理层预计第四季度将进一步改善 NIM。核心存款和企业贷款同比大幅增长，总存款为 120.6 亿美元，普通股一级资本充足率 (CET1) 提升至 11.53%。非利息支出为 6200 万美元；不良贷款增加至 7210 万美元。计划于 2025 年 10 月 23 日美国东部时间 8:00 召开电话会议。
- EPS +103% year-over-year to $0.59
- Net interest income of $103.4 million in Q3 2025
- NIM expanded to 3.01% in Q3 2025
- Core deposits +$971.9 million year-over-year
- Total deposits of $12.06 billion at Sept 30, 2025
- CET1 ratio increased to 11.53% at Sept 30, 2025
- Non-performing loans rose to $72.1 million at Sept 30, 2025
- Credit loss provision increased to $13.3 million in Q3 2025
- Non-interest expense increased to $62.2 million in Q3 2025
- Effective tax rate rose to 31.0% in Q3 2025
Insights
Dime shows materially stronger earnings power driven by NIM expansion, deposit growth and business‑loan growth; watch credit trends and Q4 NIM.
The company reported net income available to common stockholders of
Key dependencies and risks are explicit in the reported figures: credit provisioning increased to
Concrete items to watch over the near term are fourth‑quarter net interest margin realization, any change in credit metrics (criticized assets and nonperforming loans) reported in the upcoming Form 10‑Q, and the trajectory of business loan growth and core deposit retention as branches open in early
Quarterly Net Interest Margin Surpasses
Continued Strong Growth in Core Deposits and Business Loans
HAUPPAUGE, N.Y., Oct. 23, 2025 (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
Adjusted net income available to common stockholders (non-GAAP) totaled
Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Third quarter results were marked by strong growth in core deposits and business loans, good progress in diversifying our balance sheet, and continued net interest margin expansion. Our earnings power continues to increase as demonstrated by third quarter pre-tax pre-provision net revenue of
Third Quarter Recruiting and Expansion Update
- New hires in commercial lending included the following Senior Vice Presidents: Ryan Kent (Director of Commercial Strategic Initiatives; previously with Webster Bank), Elvis Grgurovic (Co-Head of Mid Corporate; previously with Webster Bank), Eric Pelletier (Head of Syndications; previously with Webster Bank), Matt Greene (Mid-Corporate and Specialty Finance vertical; previously with Webster Bank) and Barry Renow (Mid-Corporate and Specialty Finance Vertical; previously with BHI USA).
- New hires in branch network included the following branch managers: Lisa Reardon (previously with First National Bank of Long Island) and Liz Materia (previously with First National Bank of Long Island).
- Successfully opened a new branch location on Madison Avenue in Manhattan, and expect to open additional locations in Lakewood, NJ and the North Shore of Long Island in early 2026.
Highlights for the Third Quarter of 2025 included:
- Total deposits increased
$644.3 million on a year-over-year basis; - Core deposits (excluding brokered and time deposits) increased
$971.9 million on a year-over-year basis; - Average non-interest-bearing deposits to average total deposits for the third quarter increased to
29.9% compared to29.6% for the prior quarter; - The loan to deposit ratio declined to
88.9% at the end of the third quarter compared to92.6% for the prior quarter; - Business loans grew
$160.5 million on a linked quarter basis and$409.1 million on a year-over-year basis; - The net interest margin increased to
3.01% for the third quarter of 2025 compared to2.98% for the prior quarter; - The efficiency ratio decreased to
53.8% for the third quarter of 2025 compared to55.0% for the prior quarter; and - The Company’s Common Equity Tier 1 Ratio increased to
11.53% at the end of the third quarter.
Management’s Discussion of Quarterly Operating Results
Net Interest Income
Net interest income for the third quarter of 2025 was
Mr. Lubow commented, “Since the Federal Reserve rate cut in mid-September, the spread between the weighted average rate on loans and deposits has improved by approximately 10 basis points. We anticipate the full quarter impact of this spread improvement to drive continued NIM expansion in the fourth quarter. Additionally, we continue to have a significant loan repricing opportunity that will continue through 2027. Finally, core deposit growth and a continued focus on business loan growth will benefit our NIM over time as we continue to grow customers and hire productive bankers.”
Loan Portfolio
The ending weighted average rate (“WAR”) on the total loan portfolio was
Outlined below are loan balances and WARs for the quarter ended as indicated.
| September 30, 2025 | June 30, 2025 | September 30, 2024 | ||||||||||||||
| (Dollars in thousands) | Balance | WAR(1) | Balance | WAR(1) | Balance | WAR(1) | ||||||||||
| Loans held for investment balances at period end: | ||||||||||||||||
| Business loans(2) | $ | 3,062,674 | 6.60 | % | $ | 2,902,170 | 6.66 | % | $ | 2,653,624 | 6.82 | % | ||||
| One-to-four family residential and coop/condo apartment | 1,030,949 | 4.92 | 998,677 | 4.85 | 934,209 | 4.65 | ||||||||||
| Multifamily residential and residential mixed-use(3)(4) | 3,509,811 | 4.52 | 3,693,481 | 4.48 | 3,866,931 | 4.60 | ||||||||||
| Non-owner-occupied commercial real estate | 2,975,474 | 5.13 | 3,128,453 | 5.12 | 3,281,923 | 5.25 | ||||||||||
| Acquisition, development, and construction | 139,145 | 8.04 | 141,755 | 8.28 | 149,299 | 8.46 | ||||||||||
| Other loans | 7,621 | 11.14 | 6,336 | 11.08 | 6,058 | 10.71 | ||||||||||
| Loans held for investment | $ | 10,725,674 | 5.37 | % | $ | 10,870,872 | 5.34 | % | $ | 10,892,044 | 5.40 | % | ||||
_________________________________
| (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 and owner-occupied commercial real estate 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) | Q3 2025 | Q2 2025 | Q3 2024 | ||||||
| Originations Excluding New Lines of Credit | $ | 170.6 | $ | 227.3 | $ | 119.0 | |||
| Originations Including New Lines of Credit | 535.6 | 450.5 | 314.5 | ||||||
Deposits and Borrowed Funds
Period end total deposits (including mortgage escrow deposits) at September 30, 2025 were
Brokered deposits were
Non-Interest Income
Non-interest income was
Non-Interest Expense
Total non-interest expense was
Mr. Lubow commented, “As we have communicated previously, the increase in non-interest expense has been due to significant hires the Company has made as we execute on our growth plan, which is centered around growing core deposits, diversifying our loan portfolio and selectively adding new geographies. In the third quarter of 2025, we continued to grow our commercial banking businesses and branch network and we expect these initiatives to contribute to revenue growth in the years ahead.”
The ratio of non-interest expense to average assets was
The efficiency ratio was
Income Tax Expense
Income tax expense was
Credit Quality
Non-performing loans were
Mr. Lubow commented, “When we file our Quarterly Report on Form 10-Q, we expect to report that the level of criticized assets at September 30, 2025 were lower than the level of criticized assets at June 30, 2025.”
A credit loss provision of
Capital Management
Stockholders’ equity increased
The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of September 30, 2025. All risk-based regulatory capital ratios increased in the third quarter of 2025.
Dividends per common share were
Book value per common share was
Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was
Earnings Call Information
The Company will conduct a conference call at 8:00 a.m. (ET) on Thursday, October 23, 2025, during which CEO Lubow will discuss the Company’s third 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/fgnebsmd. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BIf691803ee4544b2cae2b6b287bcc61d2. 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/fgnebsmd.
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 over
(1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
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 Financial Officer | |
| 718-782-6200 extension 5909 |
| DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In thousands) | ||||||||||||
| September 30, | June 30, | December 31, | ||||||||||
| 2025 | 2025 | 2024 | ||||||||||
| Assets: | ||||||||||||
| Cash and due from banks | $ | 1,715,044 | $ | 1,156,754 | $ | 1,283,571 | ||||||
| Securities available-for-sale, at fair value | 662,667 | 703,461 | 690,693 | |||||||||
| Securities held-to-maturity | 623,094 | 625,188 | 637,339 | |||||||||
| Loans held for sale | — | 13,617 | 22,625 | |||||||||
| Loans held for investment, net: | ||||||||||||
| Business loans (1) | 3,062,674 | 2,902,170 | 2,726,602 | |||||||||
| One-to-four family residential and coop/condo apartment | 1,030,949 | 998,677 | 952,195 | |||||||||
| Multifamily residential and residential mixed-use (2)(3) | 3,509,811 | 3,693,481 | 3,820,492 | |||||||||
| Non-owner-occupied commercial real estate | 2,975,474 | 3,128,453 | 3,231,398 | |||||||||
| Acquisition, development and construction | 139,145 | 141,755 | 136,172 | |||||||||
| Other loans | 7,621 | 6,336 | 5,084 | |||||||||
| Allowance for credit losses | (94,061 | ) | (93,189 | ) | (88,751 | ) | ||||||
| Total loans held for investment, net | 10,631,613 | 10,777,683 | 10,783,192 | |||||||||
| Premises and fixed assets, net | 32,525 | 33,957 | 34,858 | |||||||||
| Restricted stock | 66,989 | 67,110 | 69,106 | |||||||||
| BOLI | 396,904 | 393,345 | 290,665 | |||||||||
| Goodwill | 155,797 | 155,797 | 155,797 | |||||||||
| Other intangible assets | 3,173 | 3,409 | 3,896 | |||||||||
| Operating lease assets | 45,402 | 44,717 | 46,193 | |||||||||
| Derivative assets | 81,440 | 90,966 | 116,496 | |||||||||
| Accrued interest receivable | 57,048 | 55,418 | 55,970 | |||||||||
| Other assets | 67,247 | 86,513 | 162,857 | |||||||||
| Total assets | $ | 14,538,943 | $ | 14,207,935 | $ | 14,353,258 | ||||||
| Liabilities: | ||||||||||||
| Non-interest-bearing checking (excluding mortgage escrow deposits) | $ | 3,597,682 | $ | 3,432,667 | $ | 3,355,829 | ||||||
| Interest-bearing checking | 1,094,995 | 1,029,297 | 1,079,823 | |||||||||
| Savings (excluding mortgage escrow deposits) | 1,721,670 | 1,923,277 | 1,927,903 | |||||||||
| Money market | 4,425,143 | 4,229,503 | 4,198,784 | |||||||||
| Certificates of deposit | 1,138,872 | 1,080,093 | 1,069,081 | |||||||||
| Deposits (excluding mortgage escrow deposits) | 11,978,362 | 11,694,837 | 11,631,420 | |||||||||
| Non-interest-bearing mortgage escrow deposits | 83,240 | 45,256 | 54,715 | |||||||||
| Interest-bearing mortgage escrow deposits | 5 | 2 | 6 | |||||||||
| Total mortgage escrow deposits | 83,245 | 45,258 | 54,721 | |||||||||
| FHLBNY advances | 508,000 | 508,000 | 608,000 | |||||||||
| Other short-term borrowings | — | — | 50,000 | |||||||||
| Subordinated debt, net | 272,459 | 272,414 | 272,325 | |||||||||
| Derivative cash collateral | 57,260 | 69,840 | 112,420 | |||||||||
| Operating lease liabilities | 48,138 | 47,559 | 48,993 | |||||||||
| Derivative liabilities | 77,637 | 86,110 | 108,347 | |||||||||
| Other liabilities | 61,500 | 52,911 | 70,515 | |||||||||
| Total liabilities | 13,086,601 | 12,776,929 | 12,956,741 | |||||||||
| Stockholders' equity: | ||||||||||||
| Preferred stock, Series A | 116,569 | 116,569 | 116,569 | |||||||||
| Common stock | 461 | 461 | 461 | |||||||||
| Additional paid-in capital | 622,657 | 622,660 | 624,822 | |||||||||
| Retained earnings | 835,083 | 820,221 | 794,526 | |||||||||
| Accumulated other comprehensive loss ("AOCI"), net of deferred taxes | (33,596 | ) | (37,937 | ) | (45,018 | ) | ||||||
| Unearned equity awards | (11,332 | ) | (13,525 | ) | (7,640 | ) | ||||||
| Treasury stock, at cost | (77,500 | ) | (77,443 | ) | (87,203 | ) | ||||||
| Total stockholders' equity | 1,452,342 | 1,431,006 | 1,396,517 | |||||||||
| Total liabilities and stockholders' equity | $ | 14,538,943 | $ | 14,207,935 | $ | 14,353,258 | ||||||
_________________________________
| (1) | Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and Paycheck Protection Program (“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 | Nine Months Ended | |||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Interest income: | ||||||||||||||||||
| Loans | $ | 147,756 | $ | 145,448 | $ | 151,828 | $ | 435,909 | $ | 442,492 | ||||||||
| Securities | 11,338 | 11,353 | 7,766 | 34,014 | 23,553 | |||||||||||||
| Other short-term investments | 16,449 | 10,749 | 4,645 | 35,035 | 18,621 | |||||||||||||
| Total interest income | 175,543 | 167,550 | 164,239 | 504,958 | 484,666 | |||||||||||||
| Interest expense: | ||||||||||||||||||
| Deposits and escrow | 62,950 | 60,181 | 74,025 | 181,205 | 219,972 | |||||||||||||
| Borrowed funds | 8,406 | 8,354 | 8,764 | 25,141 | 32,494 | |||||||||||||
| Derivative cash collateral | 788 | 918 | 1,526 | 2,903 | 5,244 | |||||||||||||
| Total interest expense | 72,144 | 69,453 | 84,315 | 209,249 | 257,710 | |||||||||||||
| Net interest income | 103,399 | 98,097 | 79,924 | 295,709 | 226,956 | |||||||||||||
| Provision for credit losses | 13,294 | 9,221 | 11,603 | 32,141 | 22,398 | |||||||||||||
| Net interest income after provision | 90,105 | 88,876 | 68,321 | 263,568 | 204,558 | |||||||||||||
| Non-interest income: | ||||||||||||||||||
| Service charges and other fees | 5,209 | 4,642 | 4,267 | 14,494 | 12,783 | |||||||||||||
| Title fees | 126 | 118 | 190 | 342 | 617 | |||||||||||||
| Loan level derivative income | 650 | 942 | 132 | 1,653 | 1,623 | |||||||||||||
| BOLI income | 4,956 | 4,186 | 2,606 | 13,135 | 7,551 | |||||||||||||
| Gain on sale of Small Business Administration ("SBA") loans | 38 | 387 | 19 | 507 | 385 | |||||||||||||
| Gain on sale of residential loans | 37 | 50 | 38 | 119 | 142 | |||||||||||||
| Fair value change in equity securities and loans held for sale | 51 | 83 | 39 | 152 | (1,219 | ) | ||||||||||||
| Net gain on securities | 14 | 149 | — | 163 | — | |||||||||||||
| (Loss) gain on sale of other assets | (1,117 | ) | — | 2 | (1,117 | ) | 6,665 | |||||||||||
| Other | 2,247 | 1,038 | 338 | 3,991 | 1,359 | |||||||||||||
| Total non-interest income | 12,211 | 11,595 | 7,631 | 33,439 | 29,906 | |||||||||||||
| Non-interest expense: | ||||||||||||||||||
| Salaries and employee benefits | 38,344 | 36,218 | 36,132 | 110,213 | 100,353 | |||||||||||||
| Severance | 6 | 136 | — | 218 | 42 | |||||||||||||
| Occupancy and equipment | 8,107 | 7,729 | 7,448 | 23,838 | 22,225 | |||||||||||||
| Data processing costs | 4,798 | 4,903 | 4,544 | 14,495 | 13,262 | |||||||||||||
| Marketing | 1,961 | 1,756 | 1,629 | 5,383 | 4,763 | |||||||||||||
| Professional services | 2,228 | 2,097 | 2,036 | 6,441 | 6,269 | |||||||||||||
| Federal deposit insurance premiums | 1,799 | 1,692 | 2,105 | 5,538 | 6,594 | |||||||||||||
| Loss on extinguishment of debt | — | — | 1 | — | 454 | |||||||||||||
| Loss due to pension settlement | — | — | — | 7,231 | — | |||||||||||||
| Amortization of other intangible assets | 236 | 235 | 286 | 723 | 878 | |||||||||||||
| Other | 4,745 | 5,533 | 3,548 | 13,954 | 11,094 | |||||||||||||
| Total non-interest expense | 62,224 | 60,299 | 57,729 | 188,034 | 165,934 | |||||||||||||
| Income before taxes | 40,092 | 40,172 | 18,223 | 108,973 | 68,530 | |||||||||||||
| Income tax expense | 12,421 | 10,475 | 4,896 | 30,147 | 19,033 | |||||||||||||
| Net income | 27,671 | 29,697 | 13,327 | 78,826 | 49,497 | |||||||||||||
| Preferred stock dividends | 1,822 | 1,821 | 1,822 | 5,465 | 5,465 | |||||||||||||
| Net income available to common stockholders | $ | 25,849 | $ | 27,876 | $ | 11,505 | $ | 73,361 | $ | 44,032 | ||||||||
| Earnings per common share ("EPS"): | ||||||||||||||||||
| Basic | $ | 0.59 | $ | 0.64 | $ | 0.29 | $ | 1.67 | $ | 1.13 | ||||||||
| Diluted | $ | 0.59 | $ | 0.64 | $ | 0.29 | $ | 1.67 | $ | 1.13 | ||||||||
| Average common shares outstanding for diluted EPS | 43,052,898 | 43,030,023 | 38,366,619 | 43,010,919 | 38,317,223 | |||||||||||||
| 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 Nine Months Ended | |||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Per Share Data: | ||||||||||||||||
| Reported EPS (Diluted) | $ | 0.59 | $ | 0.64 | $ | 0.29 | $ | 1.67 | $ | 1.13 | ||||||
| Cash dividends paid per common share | 0.25 | 0.25 | 0.25 | 0.75 | 0.75 | |||||||||||
| Book value per common share | 30.44 | 29.95 | 29.31 | 30.44 | 29.31 | |||||||||||
| Tangible common book value per share(1) | 26.81 | 26.32 | 25.22 | 26.81 | 25.22 | |||||||||||
| Common shares outstanding | 43,889 | 43,889 | 39,152 | 43,889 | 39,152 | |||||||||||
| Dividend payout ratio | 42.37 | % | 39.06 | % | 86.21 | % | 44.91 | % | 66.37 | % | ||||||
| Performance Ratios (Based upon Reported Net Income): | ||||||||||||||||
| Return on average assets | 0.77 | % | 0.85 | % | 0.39 | % | 0.75 | % | 0.49 | % | ||||||
| Return on average equity | 7.59 | 8.28 | 4.19 | 7.31 | 5.24 | |||||||||||
| Return on average tangible common equity(1) | 8.80 | 9.68 | 4.70 | 8.47 | 6.06 | |||||||||||
| Net interest margin | 3.01 | 2.98 | 2.50 | 2.98 | 2.37 | |||||||||||
| Non-interest expense to average assets | 1.73 | 1.72 | 1.71 | 1.78 | 1.63 | |||||||||||
| Efficiency ratio | 53.8 | 55.0 | 65.9 | 57.1 | 64.6 | |||||||||||
| Effective tax rate | 30.98 | 26.08 | 26.87 | 27.66 | 27.77 | |||||||||||
| Balance Sheet Data: | ||||||||||||||||
| Average assets | $ | 14,426,002 | $ | 14,013,592 | $ | 13,502,753 | $ | 14,074,794 | $ | 13,571,710 | ||||||
| Average interest-earning assets | 13,638,036 | 13,195,116 | 12,734,246 | 13,267,962 | 12,791,233 | |||||||||||
| Average tangible common equity(1) | 1,182,158 | 1,158,738 | 996,578 | 1,162,403 | 981,614 | |||||||||||
| Loan-to-deposit ratio at end of period(2) | 88.9 | % | 92.6 | % | 95.4 | % | 88.9 | % | 95.4 | % | ||||||
| Capital Ratios and Reserves - Consolidated:(3) | ||||||||||||||||
| Tangible common equity to tangible assets(1) | 8.18 | % | 8.22 | % | 7.27 | % | ||||||||||
| Tangible equity to tangible assets(1) | 8.99 | 9.05 | 8.13 | |||||||||||||
| Tier 1 common equity ratio | 11.53 | 11.25 | 10.16 | |||||||||||||
| Tier 1 risk-based capital ratio | 12.64 | 12.34 | 11.28 | |||||||||||||
| Total risk-based capital ratio | 16.18 | 15.84 | 14.76 | |||||||||||||
| Tier 1 leverage ratio | 9.29 | 9.43 | 8.76 | |||||||||||||
| Consolidated CRE concentration ratio(3)(4) | 401 | 425 | 487 | |||||||||||||
| Allowance for credit losses/ Total loans | 0.88 | 0.86 | 0.78 | |||||||||||||
| Allowance for credit losses/ Non-performing loans | 130.54 | 175.12 | 172.29 | |||||||||||||
_________________________________
| (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) | September 30, 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 September 30, 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 | |||||||||||||||||||||||||
| September 30, 2025 | June 30, 2025 | September 30, 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(1) | $ | 2,957,434 | $ | 50,271 | 6.74 | % | $ | 2,798,899 | $ | 46,593 | 6.68 | % | $ | 2,609,934 | $ | 46,656 | 7.11 | % | |||||||
| One-to-four family residential and coop/condo apartment | 1,023,844 | 12,120 | 4.70 | 981,138 | 11,532 | 4.71 | 924,150 | 11,024 | 4.75 | ||||||||||||||||
| Multifamily residential and residential mixed-use | 3,591,822 | 41,712 | 4.61 | 3,740,939 | 42,462 | 4.55 | 3,902,220 | 45,790 | 4.67 | ||||||||||||||||
| Non-owner-occupied commercial real estate | 3,067,598 | 40,439 | 5.23 | 3,175,062 | 41,822 | 5.28 | 3,297,760 | 44,804 | 5.40 | ||||||||||||||||
| Acquisition, development, and construction | 145,902 | 3,184 | 8.66 | 136,154 | 3,009 | 8.86 | 147,875 | 3,505 | 9.43 | ||||||||||||||||
| Other loans | 7,515 | 30 | 1.58 | 7,135 | 30 | 1.69 | 4,891 | 49 | 3.99 | ||||||||||||||||
| Securities | 1,340,223 | 11,338 | 3.36 | 1,361,383 | 11,353 | 3.34 | 1,493,492 | 7,766 | 2.07 | ||||||||||||||||
| Other short-term investments | 1,503,698 | 16,449 | 4.34 | 994,406 | 10,749 | 4.34 | 353,924 | 4,645 | 5.22 | ||||||||||||||||
| Total interest-earning assets | 13,638,036 | 175,543 | 5.11 | % | 13,195,116 | 167,550 | 5.09 | % | 12,734,246 | 164,239 | 5.13 | % | |||||||||||||
| Non-interest-earning assets | 787,966 | 818,476 | 768,507 | ||||||||||||||||||||||
| Total assets | $ | 14,426,002 | $ | 14,013,592 | $ | 13,502,753 | |||||||||||||||||||
| Liabilities and Stockholders' Equity: | |||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||
| Interest-bearing checking(2) | $ | 1,069,761 | $ | 5,306 | 1.97 | % | $ | 943,716 | $ | 4,141 | 1.76 | % | $ | 798,024 | $ | 4,635 | 2.31 | % | |||||||
| Money market | 4,359,512 | 34,877 | 3.17 | 4,174,694 | 32,818 | 3.15 | 3,771,562 | 36,841 | 3.89 | ||||||||||||||||
| Savings(2) | 1,821,289 | 13,273 | 2.89 | 1,925,224 | 14,048 | 2.93 | 2,102,282 | 19,492 | 3.69 | ||||||||||||||||
| Certificates of deposit | 1,116,152 | 9,494 | 3.37 | 1,075,729 | 9,174 | 3.42 | 1,232,984 | 13,057 | 4.21 | ||||||||||||||||
| Total interest-bearing deposits | 8,366,714 | 62,950 | 2.99 | 8,119,363 | 60,181 | 2.97 | 7,904,852 | 74,025 | 3.73 | ||||||||||||||||
| FHLBNY advances | 508,000 | 4,104 | 3.21 | 508,000 | 4,053 | 3.20 | 528,652 | 4,455 | 3.35 | ||||||||||||||||
| Subordinated debt, net | 272,429 | 4,301 | 6.26 | 272,385 | 4,301 | 6.33 | 271,450 | 4,307 | 6.31 | ||||||||||||||||
| Other short-term borrowings | 76 | 1 | 5.22 | — | — | — | 131 | 2 | 6.07 | ||||||||||||||||
| Total borrowings | 780,505 | 8,406 | 4.27 | 780,385 | 8,354 | 4.29 | 800,233 | 8,764 | 4.36 | ||||||||||||||||
| Derivative cash collateral | 63,856 | 788 | 4.90 | 79,188 | 918 | 4.65 | 91,305 | 1,526 | 6.65 | ||||||||||||||||
| Total interest-bearing liabilities | 9,211,075 | 72,144 | 3.11 | % | 8,978,936 | 69,453 | 3.10 | % | 8,796,390 | 84,315 | 3.81 | % | |||||||||||||
| Non-interest-bearing checking(2) | 3,573,448 | 3,412,215 | 3,209,502 | ||||||||||||||||||||||
| Other non-interest-bearing liabilities | 183,627 | 187,774 | 223,546 | ||||||||||||||||||||||
| Total liabilities | 12,968,150 | 12,578,925 | 12,229,438 | ||||||||||||||||||||||
| Stockholders' equity | 1,457,852 | 1,434,667 | 1,273,315 | ||||||||||||||||||||||
| Total liabilities and stockholders' equity | $ | 14,426,002 | $ | 14,013,592 | $ | 13,502,753 | |||||||||||||||||||
| Net interest income | $ | 103,399 | $ | 98,097 | $ | 79,924 | |||||||||||||||||||
| Net interest rate spread | 2.00 | % | 1.99 | % | 1.32 | % | |||||||||||||||||||
| Net interest margin | 3.01 | % | 2.98 | % | 2.50 | % | |||||||||||||||||||
| Deposits (including non-interest-bearing checking accounts)(2) | $ | 11,940,162 | $ | 62,950 | 2.09 | % | $ | 11,531,578 | $ | 60,181 | 2.09 | % | $ | 11,114,354 | $ | 74,025 | 2.65 | % | |||||||
________________________
| (1) | Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans. |
| (2) | 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 | ||||||||||||
| September 30, | June 30, | September 30, | ||||||||||
| Asset Quality Detail | 2025 | 2025 | 2024 | |||||||||
| Non-performing loans ("NPLs") | ||||||||||||
| Business loans(1) | $ | 21,005 | $ | 18,007 | $ | 25,411 | ||||||
| One-to-four family residential and coop/condo apartment | 2,440 | 1,642 | 3,880 | |||||||||
| Multifamily residential and residential mixed-use | — | — | — | |||||||||
| Non-owner-occupied commercial real estate | 47,952 | 32,908 | 19,509 | |||||||||
| Acquisition, development, and construction | 657 | 657 | 657 | |||||||||
| Other loans | — | — | 6 | |||||||||
| Total Non-accrual loans | $ | 72,054 | $ | 53,214 | $ | 49,463 | ||||||
| Total Non-performing assets ("NPAs") | $ | 72,054 | $ | 53,214 | $ | 49,463 | ||||||
| Total loans 90 days delinquent and accruing ("90+ Delinquent") | $ | — | $ | — | $ | — | ||||||
| NPAs and 90+ Delinquent | $ | 72,054 | $ | 53,214 | $ | 49,463 | ||||||
| NPAs and 90+ Delinquent / Total assets | 0.50 | % | 0.37 | % | 0.36 | % | ||||||
| Net charge-offs ("NCOs") | $ | 12,586 | $ | 5,405 | $ | 4,199 | ||||||
| NCOs / Average loans(2) | 0.47 | % | 0.20 | % | 0.15 | % | ||||||
______________________
| (1) | Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans. |
| (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, net gain on sale of securities and other assets, severance, loss on extinguishment of debt and loss due to pension settlement.
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||
| 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 | $ | 25,849 | $ | 27,876 | $ | 11,505 | $ | 73,361 | $ | 44,032 | |||||||||||
| Adjustments to net income(1): | |||||||||||||||||||||
| Fair value change in equity securities and loans held for sale | (51 | ) | (83 | ) | (39 | ) | (152 | ) | 1,219 | ||||||||||||
| Loss (gain) on sale of securities and other assets | 1,112 | (72 | ) | (2 | ) | 1,040 | (6,665 | ) | |||||||||||||
| Severance | 6 | 136 | — | 218 | 42 | ||||||||||||||||
| Loss on extinguishment of debt | — | — | 1 | — | 454 | ||||||||||||||||
| Loss due to pension settlement | — | — | — | 7,231 | — | ||||||||||||||||
| Income tax effect of adjustments noted above(1) | (328 | ) | 6 | 13 | (2,559 | ) | 1,574 | ||||||||||||||
| Adjusted net income available to common stockholders (non-GAAP) | $ | 26,588 | $ | 27,863 | $ | 11,478 | $ | 79,139 | $ | 40,656 | |||||||||||
| Adjusted Ratios (Based upon Adjusted (non-GAAP) Net Income as calculated above) | |||||||||||||||||||||
| Adjusted EPS (Diluted) | $ | 0.61 | $ | 0.64 | $ | 0.29 | $ | 1.81 | $ | 1.04 | |||||||||||
| Adjusted return on average assets | 0.79 | % | 0.85 | % | 0.39 | % | 0.80 | % | 0.45 | % | |||||||||||
| Adjusted return on average equity | 7.80 | 8.28 | 4.18 | 7.84 | 4.89 | ||||||||||||||||
| Adjusted return on average tangible common equity | 9.05 | 9.67 | 4.69 | 9.14 | 5.60 | ||||||||||||||||
| Adjusted non-interest expense to average assets | 1.72 | 1.71 | 1.70 | 1.70 | 1.62 | ||||||||||||||||
| Adjusted efficiency ratio | 53.1 | 54.7 | 65.6 | 54.5 | 65.5 | ||||||||||||||||
________________________
| (1) | Adjustments to net income are taxed at the Company's approximate statutory tax rate. |
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 | Nine Months Ended | |||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||
| Operating expense as a % of average assets - as reported | 1.73 | % | 1.72 | % | 1.71 | % | 1.78 | % | 1.63 | % | ||||||||||
| Severance | — | — | — | — | — | |||||||||||||||
| Loss on extinguishment of debt | — | — | — | — | — | |||||||||||||||
| Loss due to pension settlement | — | — | — | (0.07 | ) | — | ||||||||||||||
| Amortization of other intangible assets | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.01 | ) | ||||||||||
| Adjusted operating expense as a % of average assets (non-GAAP) | 1.72 | % | 1.71 | % | 1.70 | % | 1.70 | % | 1.62 | % | ||||||||||
The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||
| Efficiency ratio - as reported (non-GAAP)(1) | 53.8 | % | 55.0 | % | 65.9 | % | 57.1 | % | 64.6 | % | |||||||||||
| Non-interest expense - as reported | $ | 62,224 | $ | 60,299 | $ | 57,729 | $ | 188,034 | $ | 165,934 | |||||||||||
| Severance | (6 | ) | (136 | ) | — | (218 | ) | (42 | ) | ||||||||||||
| Loss on extinguishment of debt | — | — | (1 | ) | — | (454 | ) | ||||||||||||||
| Loss due to pension settlement | — | — | — | (7,231 | ) | — | |||||||||||||||
| Amortization of other intangible assets | (236 | ) | (235 | ) | (286 | ) | (723 | ) | (878 | ) | |||||||||||
| Adjusted non-interest expense (non-GAAP) | $ | 61,982 | $ | 59,928 | $ | 57,442 | $ | 179,862 | $ | 164,560 | |||||||||||
| Net interest income - as reported | $ | 103,399 | $ | 98,097 | $ | 79,924 | $ | 295,709 | $ | 226,956 | |||||||||||
| Non-interest income - as reported | $ | 12,211 | $ | 11,595 | $ | 7,631 | $ | 33,439 | $ | 29,906 | |||||||||||
| Fair value change in equity securities and loans held for sale | (51 | ) | (83 | ) | (39 | ) | (152 | ) | 1,219 | ||||||||||||
| Loss (gain) on sale of securities and other assets | 1,112 | (72 | ) | (2 | ) | 1,040 | (6,665 | ) | |||||||||||||
| Adjusted non-interest income (non-GAAP) | $ | 13,272 | $ | 11,440 | $ | 7,590 | $ | 34,327 | $ | 24,460 | |||||||||||
| Adjusted total revenues for adjusted efficiency ratio (non-GAAP) | $ | 116,671 | $ | 109,537 | $ | 87,514 | $ | 330,036 | $ | 251,416 | |||||||||||
| Adjusted efficiency ratio (non-GAAP)(2) | 53.1 | % | 54.7 | % | 65.6 | % | 54.5 | % | 65.5 | % | |||||||||||
______________________
| (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 the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):
| September 30, | June 30, | September 30, | |||||||||||
| 2025 | 2025 | 2024 | |||||||||||
| Reconciliation of Tangible Assets: | |||||||||||||
| Total assets | $ | 14,538,943 | $ | 14,207,935 | $ | 13,746,529 | |||||||
| Goodwill | (155,797 | ) | (155,797 | ) | (155,797 | ) | |||||||
| Other intangible assets | (3,173 | ) | (3,409 | ) | (4,181 | ) | |||||||
| Tangible assets (non-GAAP) | $ | 14,379,973 | $ | 14,048,729 | $ | 13,586,551 | |||||||
| Reconciliation of Tangible Common Equity - Consolidated: | |||||||||||||
| Total stockholders' equity | $ | 1,452,342 | $ | 1,431,006 | $ | 1,263,929 | |||||||
| Goodwill | (155,797 | ) | (155,797 | ) | (155,797 | ) | |||||||
| Other intangible assets | (3,173 | ) | (3,409 | ) | (4,181 | ) | |||||||
| Tangible equity (non-GAAP) | 1,293,372 | 1,271,800 | 1,103,951 | ||||||||||
| Preferred stock, net | (116,569 | ) | (116,569 | ) | (116,569 | ) | |||||||
| Tangible common equity (non-GAAP) | $ | 1,176,803 | $ | 1,155,231 | $ | 987,382 | |||||||
| Common shares outstanding | 43,889 | 43,889 | 39,152 | ||||||||||
| Tangible common equity to tangible assets (non-GAAP) | 8.18 | % | 8.22 | % | 7.27 | % | |||||||
| Tangible equity to tangible assets (non-GAAP) | 8.99 | 9.05 | 8.13 | ||||||||||
| Book value per common share | $ | 30.44 | $ | 29.95 | $ | 29.31 | |||||||
| Tangible common book value per share (non-GAAP) | 26.81 | 26.32 | 25.22 | ||||||||||
FAQ
What were DCOM Q3 2025 earnings per share and adjusted EPS?
How did DCOM's net interest margin change in Q3 2025?
How much were DCOM's total and core deposits at September 30, 2025?
What credit trends did Dime report for Q3 2025 (DCOM)?
Did DCOM report changes to regulatory capital or book value in Q3 2025?
When and how can investors listen to Dime’s Q3 2025 earnings call?
