Core Insights - Dime Community (DCOM) reported a revenue of $109.69 million for the quarter ended June 2025, marking a year-over-year increase of 25.6% and exceeding the Zacks Consensus Estimate by 1.85% [1] - The earnings per share (EPS) for the same period was $0.64, up from $0.37 a year ago, with an EPS surprise of 1.59% over the consensus estimate of $0.63 [1] Financial Performance Metrics - Efficiency Ratio stood at 55%, slightly above the average estimate of 54.9% based on two analysts [4] - Net Interest Margin was reported at 3%, compared to the estimated 2.9% by two analysts [4] - Average Balance of Total Interest-Earning Assets was $13.2 billion, slightly below the average estimate of $13.31 billion [4] - Net Interest Income reached $98.1 million, surpassing the estimated $97.52 million [4] - BOLI income was $4.19 million, exceeding the average estimate of $3.9 million [4] - Loan level derivative income was $0.94 million, compared to the average estimate of $0.75 million [4] - Non-interest income from other sources was $1.04 million, significantly higher than the average estimate of $0.71 million [4] - Service charges and other fees totaled $4.64 million, above the estimated $4.24 million [4] - Total Non-Interest Income was reported at $11.6 million, exceeding the average estimate of $10.18 million [4] Stock Performance - Dime Community shares have returned +10.5% over the past month, outperforming the Zacks S&P 500 composite's +5.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Financial Data and Key Metrics Changes - Core pretax pre-provision income increased to $49 million in Q2 2025 from $28 million a year ago, resulting in a core ROA of 85 basis points [7] - Core EPS was $0.64 per share, representing a 12% increase on a linked quarter basis and a 49% increase year over year [14] - The reported NIM increased to 2.98%, with a potential adjusted NIM of 2.95% when excluding prepayment fees [14][16] Business Line Data and Key Metrics Changes - Business loans grew by over $110 million in Q2 and by over $370 million or 15% year over year [9] - Loan origination, including new lines of credit, reached $450 million for the quarter, with a weighted average rate of approximately 7% [9] - Core deposits increased by $1.2 billion year over year, with the deposit teams growing their portfolios to approximately $2.2 billion [7] Market Data and Key Metrics Changes - Non-brokered deposits rose by approximately $210 million at June 30 compared to the prior quarter [14] - The loan pipeline currently stands at $1.2 billion, up from approximately $1.1 billion at the end of March [10] Company Strategy and Development Direction - The company is focused on growing business loans and managing its commercial real estate (CRE) ratio lower, with a strategic emphasis on diversifying lending verticals [11][12] - Plans to open new branches in Lakewood, New Jersey, and Manhattan are underway, indicating a commitment to expanding its physical presence [11] - The company aims to maintain a strong liquidity position and capitalize on lending opportunities as they arise [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory and ability to attract talented bankers, differentiating itself from local competitors [12] - The company anticipates gradual upward bias in NIM for the third quarter, with more pronounced expansion expected in the fourth quarter as asset repricing occurs [17] - Management is optimistic about the potential for a structurally higher NIM and enhanced earnings power over time [18] Other Important Information - The common equity Tier one ratio increased to 11.25%, and the total capital ratio grew to 15.8%, providing a competitive advantage [16] - The company is not currently focused on buying securities but plans to redeploy cash into new lending verticals over the medium to long term [80] Q&A Session Summary Question: Was there anything one-time in nature regarding DDA balances? - Management confirmed that there was nothing one-time and noted continued strength in retail and private banking groups [24][25] Question: What is the impact of a 25 basis point rate cut on NII or margin? - Historically, a 25 basis point rate cut results in approximately five basis points of NIM expansion [31] Question: What are the operating expenses for the third quarter? - Operating expenses are expected to be approximately $61.5 million, excluding intangible amortization [30] Question: How does the company view M&A opportunities? - The company is open to M&A opportunities but is currently focused on organic growth [39] Question: What are the plans for loan loss reserves? - The goal is to reach a loan loss reserve ratio of 90 basis points to 1% over the medium to long term [57] Question: What is the outlook for loan growth with new verticals? - Each new vertical is expected to reach $300 million to $500 million in balances over time [55]

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Dime Community Bancshares, Inc. reported strong Q2 2025 results with significant growth in net income, core deposits, business loans, and capital ratios, leading to a positive outlook revision [Overall Performance](index=1&type=section&id=Overall%20Performance) Dime Community Bancshares, Inc. reported strong second-quarter 2025 results, with net income available to common stockholders increasing significantly year-over-year and quarter-over-quarter. The company achieved solid growth in core deposits, business loans, net interest margin, and capital ratios, leading to a revised 'Positive' outlook from Kroll Bond Rating Agency | Metric | Q2 2025 | Q1 2025 | Q2 2024 | YoY Change (Q2 2025 vs Q2 2024) | QoQ Change (Q2 2025 vs Q1 2025) | | :-------------------------------------- | :------------- | :------------- | :------------- | :------------------------------ | :------------------------------ | | Net Income Available to Common Stockholders | $27.9 million | $19.6 million | $16.7 million | +67.66% | +42.35% | | Diluted Common Share EPS | $0.64 | $0.45 | $0.43 | +48.84% | +42.22% | - Kroll Bond Rating Agency revised the Company's outlook from **"Stable" to "Positive"** in June, recognizing progress in creating a high-quality balance sheet[3](index=3&type=chunk) [Strategic Initiatives & Growth](index=1&type=section&id=Strategic%20Initiatives%20%26%20Growth) The company actively pursued its growth plan through strategic hires and geographic expansion, strengthening its commercial lending capabilities and market presence - Hired Shawn Gines as Executive Vice President of Corporate and Specialty Finance[6](index=6&type=chunk) - Hired Jason Brenner and Zach Schwartz to lead the newly created Lender Finance vertical[6](index=6&type=chunk) - Hired Michael Watts to lead the newly created Fund Finance vertical[6](index=6&type=chunk) - Hired Raffaella Palazzo as Director of Business Banking[6](index=6&type=chunk) - Hired Solomon Ponniah as Group Leader to grow metro NYC lending presence[6](index=6&type=chunk) - Received regulatory approvals to open a branch location at 500 Boulevard of the Americas in Lakewood, New Jersey, planned for early 2026[6](index=6&type=chunk) - Expect to open a new branch location in Manhattan in the fourth quarter of 2025[6](index=6&type=chunk) [Key Financial & Operational Highlights](index=1&type=section&id=Key%20Financial%20%26%20Operational%20Highlights) Key highlights for Q2 2025 include significant year-over-year growth in total and core deposits, robust business loan growth, an improved net interest margin, and a stronger Common Equity Tier 1 Ratio - Total deposits increased **$711.7 million** on a year-over-year basis[6](index=6&type=chunk) - Core deposits (excluding brokered and time deposits) increased **$1.21 billion** on a year-over-year basis[6](index=6&type=chunk) - The ratio of average non-interest-bearing deposits to average total deposits for the second quarter was **30%**[6](index=6&type=chunk) - Business loans grew **$113.3 million** on a linked quarter basis and **$371.3 million** on a year-over-year basis[6](index=6&type=chunk) - The net interest margin increased to **2.98%** for the second quarter of 2025 compared to **2.95%** for the prior quarter[6](index=6&type=chunk) - The Company's Common Equity Tier 1 Ratio increased to **11.25%** at the end of the second quarter[6](index=6&type=chunk) [Management's Discussion of Quarterly Operating Results](index=2&type=section&id=Management's%20Discussion%20of%20Quarterly%20Operating%20Results) This section details the company's financial performance for Q2 2025, covering net interest income, loan portfolio, deposits, non-interest income, expenses, taxes, and credit quality [Net Interest Income and Margin](index=2&type=section&id=Net%20Interest%20Income%20and%20Margin) Net interest income and net interest margin (NIM) both improved in Q2 2025, driven by strategic loan repricing opportunities, anticipated reductions in deposit costs, and continued growth in core deposits and business loans | Metric | Q2 2025 (in thousands) | Q1 2025 (in thousands) | Q2 2024 (in thousands) | | :------------------ | :--------------------- | :--------------------- | :--------------------- | | Net Interest Income | $98,097 | $94,213 | $75,502 | | NIM | 2.98 % | 2.95 % | 2.41 % | | Adjusted NIM | 2.98 % | 2.94 % | 2.40 % | - Significant loan repricing opportunity expected from H2 2025 through 2027[13](index=13&type=chunk) - Anticipated reduction in deposit costs if the Federal Reserve cuts short-term rates in 2025[13](index=13&type=chunk) - Continued focus on core deposit growth and business loan growth to benefit NIM[13](index=13&type=chunk) [Loan Portfolio Performance](index=2&type=section&id=Loan%20Portfolio%20Performance) The total loan portfolio's weighted average rate (WAR) increased, with business loans showing strong growth both quarter-over-quarter and year-over-year, while overall originations significantly increased | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----------------------------------- | :------------ | :------------- | :------------ | | Ending WAR on Total Loan Portfolio | 5.33% | 5.25% | 5.39% | | Business Loans (Balance in thousands)| $2,902,170 | $2,788,848 | $2,530,896 | | Multifamily Residential (Balance in thousands)| $3,693,481 | $3,780,078 | $3,920,354 | | Non-owner-occupied CRE (Balance in thousands)| $3,128,453 | $3,191,536 | $3,315,100 | | Originations (Dollars in millions) | Q2 2025 | Q1 2025 | Q2 2024 | | :--------------------------------- | :------ | :------ | :------ | | Excluding New Lines of Credit | $227.3 | $71.5 | $162.4 | | Including New Lines of Credit | $450.5 | $136.7 | $284.6 | [Deposits and Borrowed Funds](index=3&type=section&id=Deposits%20and%20Borrowed%20Funds) Total deposits increased year-over-year, with a notable reduction in brokered deposits, while Federal Home Loan Bank advances remained stable quarter-over-quarter | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :---------------------- | :------------ | :------------- | :------------ | | Total Deposits | $11.74 billion| $11.61 billion | $11.03 billion| | Brokered Deposits | $200.0 million| $285.6 million | $780.3 million| | FHLB Advances | $508.0 million| $508.0 million | $633.0 million| [Non-Interest Income](index=3&type=section&id=Non-Interest%20Income) Non-interest income saw a quarter-over-quarter increase, primarily driven by higher loan level derivative income and BOLI income, despite a slight year-over-year decrease | Metric | Q2 2025 (in millions) | Q1 2025 (in millions) | Q2 2024 (in millions) | | :----------------- | :-------------------- | :-------------------- | :-------------------- | | Non-Interest Income| $11.6 | $9.6 | $11.8 | - Loan level derivative income increased from **$61 thousand** in Q1 2025 to **$942 thousand** in Q2 2025[38](index=38&type=chunk) - BOLI income increased from **$3,993 thousand** in Q1 2025 to **$4,186 thousand** in Q2 2025[38](index=38&type=chunk) [Non-Interest Expense and Efficiency](index=3&type=section&id=Non-Interest%20Expense%20and%20Efficiency) Total non-interest expense decreased quarter-over-quarter, leading to an improved efficiency ratio. The year-over-year increase in expenses is attributed to strategic investments and hires supporting the company's growth plan | Metric | Q2 2025 (in millions) | Q1 2025 (in millions) | Q2 2024 (in millions) | | :-------------------------------------- | :-------------------- | :-------------------- | :-------------------- | | Total Non-Interest Expense | $60.3 | $65.5 | $55.7 | | Adjusted Non-Interest Expense (non-GAAP)| $59.9 | $58.0 | $55.4 | | Efficiency Ratio | 55.0% | 63.1% | 63.8% | | Adjusted Efficiency Ratio (non-GAAP) | 54.7% | 55.8% | 65.9% | - The year-over-year increase in non-interest expense is due to significant investments and hires made to execute the growth plan, focusing on growing core deposits, diversifying the loan portfolio, and selectively adding new geographies[20](index=20&type=chunk) [Income Tax Expense](index=3&type=section&id=Income%20Tax%20Expense) Income tax expense increased quarter-over-quarter, resulting in a higher effective tax rate for Q2 2025 compared to the prior quarter, but lower than the same period last year | Metric | Q2 2025 (in millions) | Q1 2025 (in millions) | Q2 2024 (in millions) | | :----------------- | :-------------------- | :-------------------- | :-------------------- | | Income Tax Expense | $10.5 | $7.3 | $7.6 | | Effective Tax Rate | 26.1% | 25.3% | 29.0% | [Credit Quality](index=3&type=section&id=Credit%20Quality) Non-performing loans decreased quarter-over-quarter, while the credit loss provision remained relatively stable. However, non-performing loans increased significantly year-over-year | Metric | June 30, 2025 (in millions) | March 31, 2025 (in millions) | June 30, 2024 (in millions) | | :---------------------- | :-------------------------- | :--------------------------- | :-------------------------- | | Non-Performing Loans | $53.2 | $58.0 | $24.8 | | Credit Loss Provision | $9.2 | $9.6 | $5.6 | [Capital Management](index=4&type=section&id=Capital%20Management) This section reviews the company's capital position, including stockholders' equity, regulatory capital ratios, and per-share metrics [Stockholders' Equity and Regulatory Capital](index=4&type=section&id=Stockholders'%20Equity%20and%20Regulatory%20Capital) Stockholders' equity increased, and all regulatory capital ratios remained strong and improved in Q2 2025, exceeding all applicable regulatory requirements | Metric | June 30, 2025 | March 31, 2025 | | :----------------------------------- | :------------ | :------------- | | Stockholders' Equity (in billions) | $1.43 | $1.41 | | Common Equity Tier 1 Ratio | 11.25% | 11.11% | | Tier 1 Risk-Based Capital Ratio | 12.34% | 12.21% | | Total Risk-Based Capital Ratio | 15.84% | 15.68% | | Tier 1 Leverage Ratio | 9.43% | 9.46% | - The Company's and the Bank's regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of June 30, 2025, with all risk-based regulatory capital ratios increasing in the second quarter[25](index=25&type=chunk) [Per Share Metrics and Dividends](index=5&type=section&id=Per%20Share%20Metrics%20and%20Dividends) Book value and tangible common book value per share increased quarter-over-quarter, while dividends per common share remained consistent | Metric | June 30, 2025 | March 31, 2025 | | :------------------------------- | :------------ | :------------- | | Dividends per Common Share | $0.25 | $0.25 | | Book Value per Common Share | $29.95 | $29.58 | | Tangible Common Book Value per Share | $26.32 | $25.94 | [Company Information](index=5&type=section&id=Company%20Information) This section provides details on the Q2 2025 earnings call, an overview of Dime Community Bancshares, Inc., and a disclaimer regarding forward-looking statements [Earnings Call Details](index=5&type=section&id=Earnings%20Call%20Details) Details for the Q2 2025 earnings conference call, including webcast and telephone access information, and replay availability - A conference call was scheduled for **8:30 a.m. (ET)** on **Thursday, July 24, 2025**, with CEO Lubow discussing Q2 2025 financial performance[28](index=28&type=chunk) - Participants could access the call via webcast or telephone registration, with a replay available on-demand for **12 months**[29](index=29&type=chunk)[30](index=30&type=chunk) [About Dime Community Bancshares, Inc.](index=5&type=section&id=About%20Dime%20Community%20Bancshares%20%2C%20Inc.) Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and a leading deposit market share on Greater Long Island - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company[31](index=31&type=chunk) - The Bank has over **$14 billion** in assets and holds the number one deposit market share among community banks on Greater Long Island (Kings, Queens, Nassau & Suffolk counties for community banks with less than **$20 billion** in assets)[31](index=31&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This section provides a standard disclaimer regarding forward-looking statements, outlining various assumptions, risks, and uncertainties that could cause actual results to differ materially from projections - The news release contains forward-looking statements identified by terms such as "anticipate," "believe," "expect," and "outlook"[32](index=32&type=chunk) - These statements are based on management's assumptions and perceptions of historical trends and future developments but are not guarantees of future performance[33](index=33&type=chunk) - Factors that could affect results include competitive pressures, interest rate changes, government policies, deposit flows, loan demand, real estate values, credit quality, accounting changes, tax laws, socio-economic conditions, regulatory changes, technological changes, security breaches, and litigation[33](index=33&type=chunk) [Financial Statements](index=7&type=section&id=Financial%20Statements) This section presents the company's consolidated financial statements, including the statements of financial condition, operations, selected highlights, average balances, and non-performing assets [Consolidated Statements of Financial Condition](index=7&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) The consolidated balance sheet shows an increase in total assets and stockholders' equity as of June 30, 2025, compared to March 31, 2025, with notable changes in cash, loans, and deposits | (In thousands) | June 30, 2025 | March 31, 2025 | December 31, 2024 | | :----------------------------------- | :------------ | :------------- | :---------------- | | Total Assets | $14,207,935 | $14,097,682 | $14,353,258 | | Cash and due from banks | $1,156,754 | $1,030,702 | $1,283,571 | | Total Loans Held for Investment, Net | $10,777,683 | $10,778,280 | $10,783,192 | | Total Deposits | $11,740,095 | $11,615,924 | $11,686,141 | | Total Liabilities | $12,776,929 | $12,685,669 | $12,956,741 | | Total Stockholders' Equity | $1,431,006 | $1,412,013 | $1,396,517 | [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) The consolidated income statement reflects increased net interest income and net income available to common stockholders for Q2 2025 compared to both the prior quarter and the same period last year, driven by higher interest income and improved efficiency | (Dollars in thousands) | Three Months Ended June 30, 2025 | Three Months Ended March 31, 2025 | Three Months Ended June 30, 2024 | | :------------------------------------- | :------------------------------- | :-------------------------------- | :------------------------------- | | Total Interest Income | $167,550 | $161,865 | $159,418 | | Total Interest Expense | $69,453 | $67,652 | $83,916 | | Net Interest Income | $98,097 | $94,213 | $75,502 | | Provision for Credit Losses | $9,221 | $9,626 | $5,585 | | Total Non-Interest Income | $11,595 | $9,633 | $11,808 | | Total Non-Interest Expense | $60,299 | $65,511 | $55,694 | | Income Before Taxes | $40,172 | $28,709 | $26,031 | | Net Income Available to Common Stockholders | $27,876 | $19,636 | $16,657 | | Diluted EPS | $0.64 | $0.45 | $0.43 | [Selected Financial Highlights](index=9&type=section&id=Selected%20Financial%20Highlights) Key performance ratios for Q2 2025 show improvements in return on average assets, return on average equity, and efficiency ratio, alongside stable dividend payouts and increased book values per share | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----------------------------------- | :------- | :------- | :------- | | Reported EPS (Diluted) | $0.64 | $0.45 | $0.43 | | Cash Dividends Paid per Common Share | $0.25 | $0.25 | $0.25 | | Book Value per Common Share | $29.95 | $29.58 | $28.97 | | Return on Average Assets | 0.85 % | 0.62 % | 0.55 % | | Return on Average Equity | 8.28 % | 6.04 % | 5.88 % | | Net Interest Margin | 2.98 % | 2.95 % | 2.41 % | | Efficiency Ratio | 55.0 % | 63.1 % | 63.8 % | | Common Shares Outstanding (in thousands) | 43,889 | 43,799 | 39,148 | [Average Balances and Interest Rates/Yields](index=10&type=section&id=Average%20Balances%20and%20Interest%20Rates%2FYields) Average interest-earning assets increased, contributing to higher total interest income. The net interest rate spread and net interest margin both improved quarter-over-quarter, reflecting effective asset and liability management | (Dollars in thousands) | Q2 2025 Average Balance | Q2 2025 Interest | Q2 2025 Yield/Cost | | :--------------------------------- | :---------------------- | :--------------- | :----------------- | | Total Interest Earning Assets | $13,195,116 | $167,550 | 5.09 % | | Total Interest Bearing Liabilities | $8,978,936 | $69,453 | 3.10 % | | Net Interest Rate Spread | | | 1.99 % | | Net Interest Margin | | | 2.98 % | - Average business loans increased from **$2,748,142 thousand** in Q1 2025 to **$2,798,899 thousand** in Q2 2025[43](index=43&type=chunk) - Average money market deposits increased from **$4,076,612 thousand** in Q1 2025 to **$4,174,694 thousand** in Q2 2025[43](index=43&type=chunk) [Schedule of Non-Performing Assets](index=12&type=section&id=Schedule%20of%20Non-Performing%20Assets) Non-performing loans (NPLs) and non-performing assets (NPAs) decreased quarter-over-quarter but remained significantly higher year-over-year. Net charge-offs also decreased quarter-over-quarter | Metric | June 30, 2025 (in thousands) | March 31, 2025 (in thousands) | June 30, 2024 (in thousands) | | :-------------------------------------- | :--------------------------- | :---------------------------- | :--------------------------- | | Total Non-Accrual Loans | $53,214 | $58,041 | $24,843 | | Total Non-Performing Assets (NPAs) | $53,214 | $58,041 | $24,843 | | NPAs and 90+ Delinquent / Total Assets | 0.37% | 0.41% | 0.18% | | Net Charge-Offs (NCOs) | $5,405 | $7,058 | $3,640 | | NCOs / Average Loans | 0.20% | 0.26% | 0.14% | [Non-GAAP Reconciliation](index=13&type=section&id=Non-GAAP%20Reconciliation) This section reconciles non-GAAP financial measures to their most directly comparable GAAP measures, providing adjusted insights into the company's performance [Adjusted Net Income and Ratios](index=13&type=section&id=Adjusted%20Net%20Income%20and%20Ratios) The company provides non-GAAP adjusted financial measures to offer a clearer view of operating results by excluding certain non-recurring or non-operational items. Adjusted net income and related ratios show improved performance for Q2 2025 - Non-GAAP financial measures exclude pre-tax income and expenses associated with fair value changes 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[50](index=50&type=chunk) | Metric | Q2 2025 (in millions) | Q1 2025 (in millions) | Q2 2024 (in millions) | | :-------------------------------------- | :-------------------- | :-------------------- | :-------------------- | | Reported Net Income Available to Common Stockholders | $27.876 | $19.636 | $16.657 | | Adjusted Net Income Available to Common Stockholders (non-GAAP) | $27.863 | $24.688 | $14.421 | | Adjusted EPS (Diluted) | $0.64 | $0.57 | $0.37 | | Adjusted Return on Average Assets | 0.85 % | 0.77 % | 0.48 % | | Adjusted Return on Average Equity | 8.28 % | 7.46 % | 5.17 % | [Adjusted Operating Expense](index=13&type=section&id=Adjusted%20Operating%20Expense) Adjusted operating expense as a percentage of average assets improved quarter-over-quarter, reflecting better cost management when excluding specific non-recurring items | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :-------------------------------------- | :------- | :------- | :------- | | Operating Expense as a % of Average Assets - as reported | 1.72 % | 1.90 % | 1.66 % | | Adjusted Operating Expense as a % of Average Assets (non-GAAP) | 1.71 % | 1.68 % | 1.65 % | [Adjusted Efficiency Ratio](index=14&type=section&id=Adjusted%20Efficiency%20Ratio) The adjusted efficiency ratio significantly improved both quarter-over-quarter and year-over-year, indicating enhanced operational efficiency when accounting for specific non-recurring expenses and income adjustments | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :-------------------------------------- | :------- | :------- | :------- | | Efficiency Ratio - as reported (non-GAAP) | 55.0 % | 63.1 % | 63.8 % | | Adjusted Efficiency Ratio (non-GAAP) | 54.7 % | 55.8 % | 65.9 % | [Tangible Equity Reconciliations](index=14&type=section&id=Tangible%20Equity%20Reconciliations) Reconciliations for tangible assets, tangible equity, and tangible common equity demonstrate an increase in tangible common equity to tangible assets and tangible common book value per share, reflecting a stronger tangible capital base | Metric | June 30, 2025 (in thousands) | March 31, 2025 (in thousands) | June 30, 2024 (in thousands) | | :-------------------------------------- | :--------------------------- | :---------------------------- | :--------------------------- | | Total Assets | $14,207,935 | $14,097,682 | $13,548,763 | | Tangible Assets (non-GAAP) | $14,048,729 | $13,938,241 | $13,388,499 | | Total Stockholders' Equity | $1,431,006 | $1,412,013 | $1,250,596 | | Tangible Equity (non-GAAP) | $1,271,800 | $1,252,572 | $1,090,332 | | Tangible Common Equity (non-GAAP) | $1,155,231 | $1,136,003 | $973,763 | | Tangible Common Equity to Tangible Assets (non-GAAP) | 8.22 % | 8.15 % | 7.27 % | | Tangible Common Book Value per Share (non-GAAP) | $26.32 | $25.94 | $24.87 |

Core Financial Performance - The company reported net income available to common stockholders of $27.9 million for Q2 2025, an increase from $19.6 million in Q1 2025 and $16.7 million in Q2 2024, translating to earnings per diluted share of $0.64, up from $0.45 and $0.43 respectively [2][36][41] - Net interest income for Q2 2025 was $98.1 million, compared to $94.2 million in Q1 2025 and $75.5 million in Q2 2024, reflecting a year-over-year growth [5][36] - The net interest margin (NIM) improved to 2.98% in Q2 2025 from 2.95% in Q1 2025 and 2.41% in Q2 2024 [6][41] Deposit and Loan Growth - Total deposits increased by $711.7 million year-over-year, reaching $11.74 billion as of June 30, 2025, compared to $11.03 billion a year earlier [8][15] - Core deposits (excluding brokered and time deposits) rose by $1.21 billion year-over-year [8] - Business loans grew by $113.3 million quarter-over-quarter and $371.3 million year-over-year, totaling $2.90 billion at the end of Q2 2025 [8][10] Capital and Efficiency Ratios - The company's Common Equity Tier 1 Ratio increased to 11.25% at the end of Q2 2025, reflecting strong capital management [8][25] - The efficiency ratio improved to 55.0% in Q2 2025 from 63.1% in Q1 2025 and 63.8% in Q2 2024, indicating better operational efficiency [22][41] Credit Quality and Provisions - Non-performing loans decreased to $53.2 million at June 30, 2025, down from $58.0 million at March 31, 2025, and $24.8 million at June 30, 2024 [24] - A credit loss provision of $9.2 million was recorded in Q2 2025, slightly down from $9.6 million in Q1 2025 and up from $5.6 million in Q2 2024 [24] Strategic Initiatives - The company has made significant hires to support its growth strategy, including the recruitment of executives to lead new lending verticals [8][21] - Plans for geographic expansion include opening a new branch in Lakewood, New Jersey, in early 2026 and another in Manhattan in Q4 2025 [8]

Group 1 - Dime Community Bancshares, Inc. has been recognized as the Lending Partner of the Year by Neighborhood Housing Services of New York City, highlighting its commitment to community support and housing stability [1] - The Bridging the Gap Gala, where the award will be presented, is scheduled for October 7th, 2025, emphasizing the company's active role in local community initiatives [1] - Dime Community Bancshares, Inc. operates Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [2][3] Group 2 - Dime Community Bank is a New York State-chartered trust company, indicating its regulatory compliance and operational framework within the state [2] - The bank's significant asset base and market share position it favorably within the competitive landscape of community banking [2]

Core Points - Dime Community Bancshares, Inc. will release its earnings for the quarter ended June 30, 2025, before the U.S. equity markets open on July 24, 2025 [1] - A conference call will be held at 8:30 a.m. (ET) on the same day, where the CEO will discuss the second quarter financial performance [1] - Participants can access the conference call via webcast or telephone, with a registration process required for telephone participants [2] - A replay of the conference call and webcast will be available on-demand for 12 months [3] Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $14 billion in assets [4] - The bank holds the number one deposit market share among community banks on Greater Long Island [4] - The aggregate deposit market share for community banks with less than $20 billion in assets includes Kings, Queens, Nassau, and Suffolk counties [4]

Tom Geisel, Dime's Senior Executive Vice President of Commercial Lending, said, "We continue to diversify our client offerings and with the addition of Lender Finance, we now have five distinct verticals (Healthcare, Lender Finance, Mid-Corporate, Fund Finance and Not-For-Profit Lending) that will contribute to our future growth. Jason and Zack's background and experience will continue to accelerate our platform buildout." ABOUT DIME COMMUNITY BANCSHARES, INC. Another Significant Step In Building Out Commer ...

Company Overview - Dime Community Bancshares is a regional bank based in New York state, offering both common and preferred shares [1]. Investment Focus - The company is currently focused on income investing through common shares, preferred shares, or bonds [1]. Analyst Background - The analyst has a background in history/political science and holds an MBA with a specialization in Finance and Economics, indicating a strong foundation in financial analysis [1].

Core Insights - Dime Community Bancshares, Inc. announced the successful hosting of the Dime Community Bank $10K Small Business Challenge for the 10th consecutive year, with a record number of applicants competing for a $10,000 grant to support business growth [1] Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [2] - The bank holds the number one deposit market share among community banks in Greater Long Island, specifically in Kings, Queens, Nassau, and Suffolk counties [2][3]

Core Viewpoint - Dime Community Bancshares, Inc. has received a revised ratings outlook from Kroll Bond Rating Agency from "Stable" to "Positive," reflecting the company's strong execution of strategic initiatives and improved financial metrics [1][2]. Financial Performance - Over the past two years, Dime has added $2 billion in core deposits, resulting in a favorable DDA mix that has led to lower deposit costs compared to most KBRA-rated peers [3]. - The inflow of liquidity has allowed Dime to significantly reduce wholesale funding and support loan diversification growth efforts [3]. Credit Quality - Dime has demonstrated long-standing outperformance in credit quality, with an average NCO ratio of 15 basis points since the global financial crisis, indicating a disciplined credit culture [4]. - The company has reported minimal problem loans, well-contained NCOs, and improving risk ratings [4]. Management Commentary - The President and CEO of Dime expressed satisfaction with the recognition of the company's progress in creating a high-quality balance sheet and the positive revision of the ratings outlook [5]. Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [5].