Dime Community (NASDAQ: DCOM) plans $40M debt redemption and buybacks

Rhea-AI Filing Summary

Dime Community Bancshares plans to redeem at par on March 30, 2026 all $40,000,000 of its Fixed/Floating Subordinated Debentures due 2030. The company states this move is part of its capital management strategy and reflects a strong capital and liquidity position, and that the redemption, funded with cash on hand, is expected to be accretive to earnings per share.

The Board also reauthorized the share repurchase program, permitting the company to buy back up to 1,566,947 outstanding common shares remaining under its existing plan. Actual repurchase activity will depend on market conditions, regulatory approvals, and other factors, and there is no assurance any or all of these shares will be repurchased.

Positive

• Planned $40M subordinated debt redemption at par due 2030, funded with cash on hand and described as expected to be accretive to EPS.
• Reauthorized share repurchase capacity for up to 1,566,947 outstanding common shares under the existing buyback plan, adding flexibility for capital return.

Negative

• None.

Insights

Bank capital strategy analyst

Dime is retiring $40M of subordinated debt and reopening buybacks, signaling confidence in its capital and liquidity.

The company plans to redeem at par $40,000,000 of Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026, funded with cash on hand. Management describes this as part of an ongoing capital management strategy and expects the redemption to be accretive to EPS, which typically reflects lower interest expense relative to foregone interest on cash.

In parallel, the Board reauthorized repurchases of up to 1,566,947 outstanding common shares remaining under the existing plan. The company notes that execution will depend on market conditions, regulatory approvals, and other factors, with no assurance that the full amount will be used. Subsequent disclosures around actual redemptions and buyback activity for periods including and after March 30, 2026 will clarify how much of this capital plan is implemented.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 26, 2026

DIME COMMUNITY BANCSHARES, INC.

(Exact name of the registrant as specified in its charter)

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New York	001-34096	11-2934195
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

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898 Veterans Memorial Highway, Suite 560
Hauppauge, New York	11788
(Address of principal executive offices)	(Zip Code)

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(631) 537-1000

(Registrant’s telephone number)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	​	Trading Symbol(s)	​	Name of each exchange on which registered
Common Stock, $0.01 Par Value	​	DCOM	​	The Nasdaq Stock Market, LLC
Preferred Stock, Series A, $0.01 Par Value	​	DCOMP	​	The Nasdaq Stock Market, LLC
9.000% Junior Subordinated Notes, $25.00 Par Value	​	DCOMG	​	The Nasdaq Stock Market, LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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Item 8.01      Other Events.

Dime Community Bancshares, Inc. (the “Company”) announced its intention to redeem at par on March 30, 2026, all of its outstanding $40,000,000 principal amount of Fixed/Floating Subordinated Debentures (the "Debentures") due 2030. The proposed redemption is part of the Company’s ongoing capital management strategy and reflects its strong capital position and liquidity profile. The redemption of the Debentures is expected to be funded with cash on hand and will be accretive to EPS.

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.

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Item 9.01      Financial Statements and Exhibits

(d) (d) Exhibits

(e)

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99.1	​	Press Release of Registrant, dated January 26, 2026
104	​	Cover Page Interactive Data File (formatted as inline XBRL)
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(f)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

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​	​	Dime Community Bancshares, Inc. (Registrant)
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DATE:  January 26, 2026		/s/ Avinash Reddy
​	​	Avinash Reddy
​	​	Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer

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FAQ

What did Dime Community Bancshares (DCOM) announce in this 8-K?

The company announced its intention to redeem all $40,000,000 of its Fixed/Floating Subordinated Debentures due 2030 and the reauthorization of its share repurchase program for up to 1,566,947 common shares.

When will Dime Community (DCOM) redeem its $40 million subordinated debentures?

Dime Community Bancshares intends to redeem at par all $40,000,000 principal amount of its Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026.

How will the Dime Community subordinated debenture redemption be funded?

The redemption of the $40,000,000 Fixed/Floating Subordinated Debentures due 2030 is expected to be funded with cash on hand and is described as accretive to EPS.

How large is Dime Community’s reauthorized share repurchase program?

The Board reauthorized the share repurchase program, allowing repurchases of up to 1,566,947 outstanding common shares that remain available under the existing plan.

Will Dime Community (DCOM) definitely repurchase all 1,566,947 shares?

No. The company states that the timing and amount of any repurchases will depend on market conditions, regulatory approvals, and other factors, and that there is no assurance repurchases will be completed in full or at all.

Why is Dime Community redeeming its subordinated debentures?

The company characterizes the planned redemption as part of its ongoing capital management strategy and notes that it reflects a strong capital position and liquidity profile.