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10-K annual report · filed Feb 20, 2026

Dime Community Bancshares, Inc. /NY/ (DCOM) FY2025 10-K Annual Report

DCOM overviewOriginal on SEC EDGAR
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Dime Community Bancshares, Inc. /NY/ (DCOM) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $20M (+19.0% year over year) and net income of $111M.

  • Top risk flagged: Regulatory risk: Increased restrictions under NY rent regulation laws, including 2025 rent increase caps at 3% (one-year lease) and 4.5% (two-year lease) affect loan collateral cash flows

FY2025 key financial metrics · XBRL

Revenue
$20M
+19.0% YoY
Net income
$111M
+280.6% YoY
EPS (diluted)
$2.36
+329.1% YoY
ROE
7.5%
+5.4 pp YoY
Operating cash flow
$187M
+88.3% YoY

Source: XBRL data from the Dime Community Bancshares, Inc. /NY/ (DCOM) FY2025 10-K on SEC EDGAR. USD.

Dime Community Bancshares, Inc. /NY/ FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core commercial banking model focused on serving small to medium businesses, municipalities, and consumers in Greater New York and New Jersey
  • Emphasis on title insurance brokerage via wholly-owned Dime Abstract LLC as a complementary service
  • Employee count increased to 902 full-time equivalents as of December 31, 2025, reflecting workforce scale in regional footprint
  • Continued investment in workforce diversity, inclusion, and professional development including 8-week internship program targeting local college students
  • 63 branch locations operated across Long Island, NYC boroughs, Westchester, and New Jersey marking stable geographic coverage

Management Discussion & Analysis

  • Revenue $452.9M in 2025, up $138.8M YoY: net interest income $408M (+$89.9M), non-interest income $44.9M (+$48.9M)
  • Operating margin: net interest margin 3.01% in 2025 vs 2.48% in 2024; non-interest expense 1.77% of average assets in 2025 vs 1.66% in 2024
  • Best performing segment: business loans interest income up $19.6M in 2025; worst: multifamily residential loans interest income down $15.8M
  • Cash flow: no explicit free cash flow reported; dividends not detailed; increased cash (up $1.07B), securities up $88.8M; no specific buybacks or capex info provided
  • Outlook/risks: credit loss provision increased to $43M in 2025 vs $36.1M in 2024 due to macroeconomic forecast updates and charge-offs; regulatory reviews of allowance for credit losses may impact future earnings

Risk Factors

  • Regulatory risk: Increased restrictions under NY rent regulation laws, including 2025 rent increase caps at 3% (one-year lease) and 4.5% (two-year lease) affect loan collateral cash flows
  • Geopolitical/macro risk: Loan portfolio concentrated in Greater Long Island and Manhattan with $3.24B in business loans (30.1% total loans), vulnerable to local economic downturns
  • Operational risk: Non-owner occupied commercial real estate loans at 387% of total risk-based capital risk triggering heightened regulatory CRE scrutiny per 2006 CRE Guidance
  • Competitive risk: Intense regional competition from banks with greater resources offering more attractive loan and deposit products threatens market share and profitability
  • Financial risk: $274.8M subordinated debentures due 2030-2034 senior to common stock dividends, creating dividend payment dependency on timely debt service

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