Core Viewpoint - Dime Community Bancshares, Inc. has awarded a grant to Accompany Capital to support underserved entrepreneurs in New York City, aiming to create jobs and stimulate economic growth [1]. Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [2]. - The company holds the number one deposit market share among community banks in Greater Long Island, specifically for community banks with less than $20 billion in assets [2][3].

Core Viewpoint - Dime Community Bancshares, Inc. has received regulatory approvals to open a new branch in Locust Valley, enhancing its presence in the Greater Long Island area [1]. Group 1: Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [3]. - The company holds the number one deposit market share among community banks in Greater Long Island, specifically in Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets [3][4]. Group 2: New Branch Details - The new branch will be located at 85 Forest Avenue and will be managed by Liz Materia, who previously served as a branch manager at The First National Bank of Long Island [2].

Core Viewpoint - Dime Community Bancshares, Inc. has awarded a grant to Transitional Services for Long Island to support housing and services for vulnerable populations in Suffolk County [1] Group 1: Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [2] - Dime Community Bank holds the number one deposit market share among community banks in Greater Long Island [2][3] Group 2: Community Engagement - The grant awarded to Transitional Services for Long Island reflects the company's commitment to supporting local communities by providing essential services to adults, families, and homeless individuals [1]

Core Insights - The focus is on income investing through common shares, preferred shares, or bonds, with occasional discussions on broader economic topics or specific company situations [1]. Group 1 - The author has a background in history, political science, and an MBA with a specialization in Finance and Economics, indicating a strong analytical foundation [1]. - The author has been investing since 2000, suggesting extensive experience in the investment landscape [1]. - The author currently serves as the CEO of an independent living retirement community in Illinois, which may provide insights into the healthcare and retirement sectors [1].

Core Insights - Dime Community Bancshares, Inc. (NASDAQ:DCOM) operates primarily in the New York metropolitan area, providing a range of personal and business banking services, and competes with regional banks such as Flushing Financial Corporation and Brookline Bancorp [1] - DCOM's Return on Invested Capital (ROIC) is 2.15%, while its Weighted Average Cost of Capital (WACC) is 15.71%, resulting in a ROIC to WACC ratio of 0.137, indicating inefficiency in capital use [2][5] - Comparative analysis shows that CVB Financial Corp. (CVBF) and City Holding Company (CHCO) have more favorable ROIC to WACC ratios, suggesting they are more efficient in generating returns than DCOM [4][5] Financial Efficiency Comparison - Flushing Financial Corporation (FFIC) has a negative ROIC of -12.80% and a WACC of 16.70%, leading to a ROIC to WACC ratio of -0.767, indicating greater inefficiency than DCOM [3] - Brookline Bancorp (BRKL) and OceanFirst Financial Corp. (OCFC) also show negative ROIC to WACC ratios of -0.082 and 0.012, respectively, further highlighting inefficiencies in these institutions [3] - In contrast, CVB Financial Corp. (CVBF) has a ROIC of 5.15% and a WACC of 9.05%, resulting in a ratio of 0.570, while CHCO has a ROIC of 18.41% and a WACC of 7.79%, achieving a ratio of 2.361, indicating superior efficiency [4]

Core Viewpoint - Dime Community Bancshares, Inc. has awarded a grant to Long Island Cares to support services for food insecurity in Nassau and Suffolk counties [1] Group 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] - Dime Community Bank holds the number one deposit market share among community banks in Greater Long Island [2][3] Group 2: Investor Relations - The investor relations contact for Dime Community Bancshares, Inc. is Avinash Reddy, Senior Executive Vice President and Chief Financial Officer [3]

Core Insights - Dime Community Bancshares, Inc. is expanding its commercial banking operations in New Jersey, appointing Dan Fosina as Senior Vice President, Group Leader to lead this initiative [1][2] - The company has identified New Jersey as a key market for growth, with plans to open a new branch in Lakewood [2] - Fosina brings extensive experience in commercial banking, having previously served as Market President at Valley Bank and holding various roles at KeyCorp [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of 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 [4][5]

Core Points - Dime Community Bancshares, Inc. plans to open a new full-service branch in Locust Valley in 2026, pending regulatory approvals [1][2] - The new branch will be located at 85 Forest Avenue and will be managed by Liz Materia, who has prior experience as a branch manager [2] - The company aims to leverage local ties and capitalize on market disruptions to gain market share on Long Island's North Shore [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of 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 [4][5]

Core Points - Dime Community Bancshares, Inc. is continuing its partnership with Community Development of Long Island to support affordable housing and financial health for families in Long Island [1] - Dime Community Bancshares, Inc. is the parent company of 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] Company Overview - Dime Community Bancshares, Inc. operates as a trust company chartered in New York State [2] - The company has a significant presence in the community banking sector, particularly in Kings, Queens, Nassau, and Suffolk counties, with a focus on community development [2][3]

Financial Performance - Net income available to common stockholders for Q3 2025 was $25.85 million, compared to $11.51 million in Q3 2024, representing a 125% increase[38] - Basic EPS for Q3 2025 was $0.59, up from $0.29 in Q3 2024, indicating a 103% growth[38] - Total weighted-average common shares outstanding increased to 43,052,898 in Q3 2025 from 38,366,619 in Q3 2024, reflecting a 12% rise[38] Comprehensive Income - The company reported a net other comprehensive income of $11.42 million for the nine months ended September 30, 2025, compared to $18.61 million for the same period in 2024[36] - The accumulated other comprehensive income (loss) balance as of September 30, 2025, was $(33.60) million, an improvement from $(72.97) million as of September 30, 2024[34] - The company recorded a loss of $16.609 million in other comprehensive income for the nine months ended September 30, 2025, compared to a loss of $15.483 million in the same period of 2024[88] Securities and Investments - As of September 30, 2025, total securities available-for-sale amounted to $688.4 million, with a fair value of $662.7 million, reflecting unrealized losses of $29.3 million[43] - The carrying value of pledged securities decreased from $622.7 million on December 31, 2024, to $562.6 million on September 30, 2025[44] - The total fair value of securities held-to-maturity was $623,094 thousand at September 30, 2025, with $560,453 thousand classified under Level 2 inputs[110] Loans and Credit Quality - Total loans held for investment, net decreased from $10,783,192,000 as of December 31, 2024, to $10,631,613,000 as of September 30, 2025, representing a decline of approximately 1.4%[52] - The allowance for credit losses increased from $88,751,000 at the end of 2024 to $94,061,000 by September 30, 2025, indicating a rise of about 6.5%[52] - Non-accrual loans totaled $72,054,000 as of September 30, 2025, with $51,033,000 having no allowance and $21,021,000 with an allowance[54] Loan Modifications and Charge-offs - The charge-offs for the nine months ended September 30, 2025, amounted to $25,776,000, compared to $4,494,000 for the same period in 2024, indicating a substantial increase in charge-offs[54] - Total loan modifications for the nine months ended September 30, 2025, reached $134,137 thousand, with a weighted average interest rate reduction of 1.27%[61] - For the three months ended September 30, 2025, loan modifications for business loans included $1,050 thousand in interest rate reductions and $2,833 thousand in payment delays, representing 0.1% of total financing receivables[60] Derivative Instruments and Hedging - The notional amount of cash flow hedges for interest rate products is $150,000 thousand, with a fair value of $3,918 thousand as of September 30, 2025[74] - The company reported a gain of $416 thousand on derivatives designated as hedging instruments for the three months ended September 30, 2025[76] - The company has not conducted any transactions involving derivative instruments for hedging interest rate or market risk during the nine months ended September 30, 2025[254] Borrowings and Debt - The Bank's borrowings from the FHLBNY totaled $508.0 million at September 30, 2025, down from $608.0 million at December 31, 2024, with a remaining borrowing capacity of $1.78 billion[116] - Subordinated debentures totaled $272.5 million as of September 30, 2025, with interest expense of $12.9 million for the nine months ended September 30, 2025[125] - The Company issued $65.0 million of fixed-to-floating rate subordinated notes due 2034 with a fixed annual interest rate of 9.00%[121] Employee Compensation and Benefits - The Company recognized a total benefit cost of $7.017 million for the BNB Bank Pension Plan and Employee Retirement Plan for the nine months ended September 30, 2025[130] - Compensation expense for restricted stock awards was $4.099 million for the nine months ended September 30, 2025, with $8.2 million of unrecognized compensation cost related to unvested RSAs[135] - The compensation expense recognized for PSAs during the three months ended September 30, 2025, was $628,000, compared to $414,000 for the same period in 2024, reflecting a 51.8% increase[137] Taxation - The Company's consolidated effective tax rate for the three months ended September 30, 2025, was 31.0%, up from 26.9% in the same period of 2024[139] Economic Value of Equity - The Economic Value of Equity (EVE) increased from $1.76 billion at December 31, 2024, to $1.82 billion at September 30, 2025, primarily due to an increase in the value of the loan and investment portfolios[261] - In the +200 Basis Point Rate Shock Scenario, the EVE increased by 12.0% to $2.04 billion as of September 30, 2025, compared to $1.86 billion at December 31, 2024[260]