Dime(US:DCOM)2026-01-21 11:47Financial Performance - Net income available to common stockholders for the year ended December 31, 2025, was $103.4 million, or $2.36 per diluted common share, compared to $21.8 million, or $0.55 per diluted common share for 2024, representing a significant increase [3]. - For Q4 2025, net income available to common stockholders was $30.0 million, or $0.68 per diluted common share, up from $25.8 million, or $0.59 per diluted common share in Q3 2025 [4]. - Adjusted diluted EPS for Q4 2025 was $0.79, an 88% increase year-over-year from $0.42 in Q4 2024 [5]. - The company reported a net income of $31,856 thousand for Q4 2025, compared to a net loss of $20,413 thousand in Q4 2024, reflecting a turnaround in profitability [36]. - Reported net income available to common stockholders for Q4 2025 was $30,035 million, up from $25,849 million in Q3 2025, and a significant increase from a loss of $22,234 million in Q4 2024 [49]. Asset and Deposit Growth - Total deposits increased by $1.16 billion year-over-year, reaching $12.84 billion at the end of Q4 2025 [8]. - Total assets increased to $15,341,631 thousand as of December 31, 2025, up from $14,538,943 thousand as of September 30, 2025, representing a growth of 5.5% [33]. - Non-interest-bearing checking deposits rose to $3,915,081 thousand, an increase of 8.8% from $3,597,682 thousand in the prior quarter [33]. - The company reported a total of $12,794,195 thousand in deposits, an increase of 6.8% from $11,978,362 thousand in the previous quarter [33]. Loan Performance - Business loans grew by $177.9 million on a linked quarter basis and $514.0 million year-over-year, totaling $3.24 billion at the end of Q4 2025 [8]. - Total loans held for investment, net, reached $10,660,836 thousand, slightly up from $10,631,613 thousand in the previous quarter, indicating a marginal increase of 0.3% [33]. - Business loans increased to $3,240,600 thousand, up from $3,062,674 thousand, reflecting a growth of 5.8% [33]. - The average yield on business loans was 6.72%, slightly down from 6.74% in the previous quarter [42]. Efficiency and Profitability Metrics - The efficiency ratio improved to 52.6% in Q4 2025, down from 53.8% in Q3 2025 and significantly better than 105.9% in Q4 2024 [21]. - The return on average assets was 0.84% for Q4 2025, up from 0.77% in Q3 2025 and a recovery from -0.59% in Q4 2024 [38]. - Adjusted efficiency ratio for Q4 2025 improved to 50.3%, compared to 53.1% in Q3 2025 and 58.0% in Q4 2024 [51]. Interest Income and Margin - Total interest income for Q4 2025 was $180,484 thousand, an increase from $165,483 thousand in Q4 2024, representing a 9.0% year-over-year growth [36]. - Net interest income after provision for credit losses was $101,400 thousand for Q4 2025, up from $77,383 thousand in Q4 2024, marking a 31.0% increase [36]. - The net interest margin increased to 3.11% in Q4 2025, compared to 3.01% in Q3 2025 and 2.79% in Q4 2024 [10]. Non-Performing Assets and Credit Quality - Non-performing assets declined by 27% on a linked quarter basis, representing 0.34% of total assets at the end of Q4 2025 [9]. - Total non-performing assets (NPAs) increased to $52,762 thousand in December 2025 from $49,479 thousand in December 2024, reflecting a rise of approximately 6.5% year-over-year [45]. - Non-performing loans (NPLs) for business loans rose to $22,606 thousand in December 2025, compared to $21,005 thousand in September 2025, marking an increase of about 7.6% [45]. - The company emphasized its commitment to enhancing asset quality and managing non-performing loans effectively in the upcoming quarters [45]. Shareholder Returns - Cash dividends paid per common share remained stable at $0.25 for both Q4 2025 and Q4 2024, reflecting consistent shareholder returns [38]. - Book value per common share as of December 31, 2025, was $30.99, compared to $30.44 as of September 30, 2025 and $29.34 as of December 31, 2024 [54].