Commission file number 001-34096 Dime Community Bancshares, Inc. (Exact name of registrant as specified in its charter) | New York | 11-2934195 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) | | 898 Veterans Memorial Highway, Suite 560, Hauppauge, NY | 11788 | | (Address of principal executive offices) | (Zip Code) | Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT P ...

HAUPPAUGE, N.Y., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that Dime has awarded a grant to Long Island Economic Opportunity Collaborative ("LIEOC") in support of academic and vocational training opportunities designed to foster personal growth, career advancement, and social mobility services in Nassau and Suffolk counties. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community ...

Group 1 - Regional banks are maintaining consistent dividend payouts, indicating financial stability in the sector [1] - Dime Community Bancshares has declared a dividend of 25 cents per share [1]

Core Viewpoint - Dime Community Bancshares, Inc. is executing a redemption of $40 million in subordinated debentures as part of its capital management strategy, reflecting a strong capital position and liquidity profile [1] Group 1: Redemption of Debentures - The company plans to redeem all outstanding $40,000,000 principal amount of Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026 [1] - The redemption will be funded with cash on hand and is expected to be accretive to earnings per share (EPS) [1] Group 2: Share Repurchase Program - The Board of Directors has reauthorized a share repurchase program allowing the repurchase of up to 1,566,947 outstanding common shares [2] - The timing and amount of repurchases will depend on market conditions, regulatory approvals, and other factors [2] Group 3: Financial Strength and Growth - CEO Stuart H. Lubow emphasized the company's confidence in its financial strength and long-term prospects, noting a Total Capital Ratio exceeding 16% [3] - The company has the flexibility to manage capital efficiently while supporting organic growth [3] Group 4: Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has approximately $15 billion in assets [3] - The bank holds the number one deposit market share among community banks in Greater Long Island [3]

Core Viewpoint - Dime Community Bancshares, Inc. (NASDAQ: DCOM) has demonstrated strong financial performance, exceeding market expectations, and is positioned for potential growth with a favorable price target set by analysts [2][4][6]. Financial Performance - The company reported an earnings per share (EPS) of $0.79 for the quarter, surpassing analysts' estimates of $0.70 by $0.09 [4]. - Dime Community generated revenue of $123.85 million, exceeding the expected $118.14 million, indicating robust financial health [4]. - The return on equity stands at 7.81%, with a net margin of 8.72%, reflecting effective management and profitability [5]. Stock Performance - DCOM recently reached a new 52-week high, peaking at $34.45, with the last trading price at $32.72, showing a significant increase from the previous close of $30.12 [3]. - The stock's trading volume exceeded 1.1 million shares, indicating strong investor interest and confidence in the company's prospects [3]. Analyst Outlook - Peter Winter from D.A. Davidson set a price target of $39 for DCOM, suggesting a potential upside of approximately 14.03% from its trading price of $34.20 [2][6]. Shareholder Value - The company announced a quarterly dividend of $0.25 per share, amounting to an annual dividend of $1 per share, payable on January 23rd to investors recorded by January 16th [5][6].

Core Insights - Dime Community Bancshares, Inc. (DCOM) is a significant player in the U.S. banking sector, providing various financial services [1] - DCOM's Return on Invested Capital (ROIC) is 4.43%, while its Weighted Average Cost of Capital (WACC) is 15.63%, resulting in a ROIC to WACC ratio of 0.28, indicating insufficient returns to cover capital costs [2] - Comparatively, Flushing Financial Corporation (FFIC) has a negative ROIC of -2.36% and a WACC of 16.81%, leading to a less favorable ROIC to WACC ratio of -0.14 [2] - Brookline Bancorp, Inc. (BRKL) and OceanFirst Financial Corp. (OCFC) also show negative and low ROIC to WACC ratios of -0.08 and 0.15, respectively, highlighting inefficiencies in capital utilization [3] - In contrast, CVB Financial Corp. (CVBF) has a ROIC of 5.80% and a WACC of 9.25%, resulting in a more favorable ROIC to WACC ratio of 0.63, indicating better capital efficiency [3] - City Holding Company (CHCO) leads with a ROIC of 30.02% and a WACC of 8.02%, achieving a remarkable ROIC to WACC ratio of 3.74, showcasing superior capital utilization among peers [3] - Overall, while DCOM maintains a positive ROIC, its capital utilization performance is less effective compared to peers like CVBF and CHCO [4]

分组1 - Dime Community (DCOM) reported quarterly earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, and showing a significant increase from $0.42 per share a year ago, resulting in an earnings surprise of +12.86% [1] - The company achieved revenues of $123.78 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 5.42%, and up from $100.05 million in the same quarter last year [2] - Dime Community has outperformed the S&P 500, with shares increasing about 0.1% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] 分组2 - The earnings outlook for Dime Community is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Dime Community was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.78 on revenues of $120.38 million, and for the current fiscal year, it is $3.52 on revenues of $513.7 million [7] 分组3 - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the top 31% of over 250 Zacks industries, suggesting that companies in the top half of the rankings tend to outperform those in the bottom half by more than 2 to 1 [8]

Core Viewpoint - Ubisoft is undergoing a significant organizational, operational, and portfolio reset aimed at reclaiming creative leadership, regaining agility, and restoring sustainable growth and robust cash generation [2]. Group 1: Organizational Changes - The reset is structured around three core pillars: a new operating model focused on five specialized creative houses, a refocused portfolio with a revised three-year roadmap, and an acceleration of cost reduction initiatives to enhance structural efficiency [3]. Group 2: Industry Context - The gaming industry has become increasingly selective, particularly in the AAA segment, with rising development costs and heightened competition in the shooter genre [4]. - Despite challenges, successful AAA content holds greater financial potential than ever, indicating a need for improved production processes and quality in releases [4].

Core Insights - The company reported a fourth-quarter net interest margin (NIM) of 311 basis points, with a notable increase for seven consecutive quarters, surpassing the 3% mark [1][7] - Core earnings power improved significantly, with core EPS reaching $0.79, an 88% increase year-over-year, driven by record total revenues of $124 million [3][7] - The company emphasized organic growth, with no reliance on M&A-related adjustments [3][4] Financial Performance - Core pre-tax, pre-provision net revenue was reported at $61.5 million, equating to approximately 163 basis points of average assets [2] - Total deposits increased by about $800 million quarter-over-quarter, with core deposits rising approximately $1.2 billion year-over-year [6][8] - The cost of deposits fell to 185 basis points, down 24 basis points from the previous quarter [9] Loan and Deposit Growth - Business loans rose by over $500 million year-over-year, with a pipeline exceeding $1.3 billion driven by specialty verticals [5][12] - The company aims to reduce its commercial real estate concentration ratio to the mid-350% range while continuing to grow business loans [20] - Non-performing assets (NPAs) are low, representing approximately 34 basis points of total assets, indicating strong credit quality [15] Capital and Guidance - The common equity tier 1 (CET1) ratio increased to 11.66%, highlighting the company's strong capital position [16] - Management expects modest NIM expansion in the first half of 2026, with more substantial growth anticipated in the second half as loan repricing accelerates [17][20] - For 2026, total loan growth is projected to be in the lowest single digits, with growth weighted towards the second half of the year [20] Operational Strategy - The company is focusing on expanding its commercial and specialty finance verticals, with significant growth in healthcare-related lending [13][19] - Management highlighted the importance of relationship-driven deposit gathering, aiming for gradual improvement in the mix of non-interest-bearing deposits [11] - The bank's strategy includes maintaining balance sheet flexibility and a focus on floating-rate loans, which currently make up 35% to 40% of the portfolio [22]

Financial Data and Key Metrics Changes - Core EPS for Q4 2025 was $0.79, representing an 88% increase year-over-year, driven by record total revenues of $124 million [5][23] - NIM increased by 10 basis points to 311 basis points, with average earning assets up over $650 million on a linked-quarter basis [6][24] - Core deposits rose by $1.2 billion year-over-year, with a significant liquidity position allowing for future lending opportunities [6][7] Business Line Data and Key Metrics Changes - Business loans grew by over $175 million on a linked-quarter basis and over $500 million year-over-year, with approximately $400 million of this growth coming from new specialized industries [8][44] - Non-interest income for Q4 was $11.5 million, exceeding guidance [28] - The loan loss provision declined to $10.9 million, with the allowance to loans increasing to 91 basis points [28] Market Data and Key Metrics Changes - The company reported strong deposit growth across all channels, with total deposits up approximately $800 million versus the prior quarter [24] - Non-interest-bearing deposits reached nearly 31% of total deposits, with a goal to increase this ratio over time [66][68] Company Strategy and Development Direction - The company is focused on organic growth, with a strategy to build out its commercial banking platform and industry verticals [10][11] - Plans for 2026 include significant loan repricing opportunities and a target to operate at a sub-50% efficiency ratio [12][13] - The company aims to diversify its balance sheet and loan portfolio, expecting significant growth in both areas [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong organic growth environment and the execution of their strategy, anticipating continued momentum into 2026 [11][14] - The company highlighted a target-rich environment for lending opportunities and expects to see a path to a structurally higher NIM and enhanced earnings power over time [34][31] Other Important Information - The company has a total capital ratio of more than 16%, positioning it favorably against local peers [10][28] - The Manhattan branch is operational, with additional locations expected to open by the end of the first year [11] Q&A Session Summary Question: What industries accounted for the growth in business loan balances? - Approximately $400 million of the $500 million year-over-year growth in business loans came from new specialized industries, particularly healthcare [44] Question: What is the current loan and deposit situation in New Jersey? - About 8% to 10% of the loan portfolio is in Northern New Jersey, with a deposit-to-loan ratio of 15%-20% [46] Question: How is the deposit pipeline looking and what are the pricing strategies? - New customer acquisition requires offering high twos to low threes on money market accounts, with an overall cost of deposits around 168 basis points [51][52] Question: What is the status of the rent-regulated loan book? - The 100% rent-regulated book is around $350 million, down from $500 million two years ago, with maturities and repricings expected to be around $250 million for 2026 [58] Question: What is the strategy for deploying cash and securities? - The company is not rushing to deploy cash but is looking for opportunities in the market, with a focus on maintaining a flexible balance sheet [72][75]