Dime Community Bancshares, Inc. has recently released its 10-K report, providing detailed insights into its financial performance and operations. The company operates as the holding company for Dime Community Bank, offering various commercial banking and financial services, including commercial real estate loans, residential mortgage loans, and investment products and services through a third-party broker dealer. Additionally, it provides certificate of deposit account registry services, federal deposit insurance corporation insurance, and merchant credit and debit card processing, among other services. The company was founded in 1910 and is headquartered in Hauppauge, New York.
In the 10-K report, Dime Community Bancshares, Inc. highlights its financial condition and results of operations, emphasizing its dependency on dividends from its wholly-owned subsidiary, Dime Community Bank, as well as its own earnings, additional capital raised, and borrowings as sources of funds. The report also delves into critical accounting estimates, particularly the methodologies used to determine the allowance for credit losses on loans held for investment. These estimates involve a significant level of estimation uncertainty and have a material impact on the company's financial condition and results of operations.
The report compares the operating results for the years ended December 31, 2025, 2024, and 2023, revealing that the net income was $110.7 million in 2025, compared to $29.1 million in 2024, and $96.1 million in 2023. It further details the changes in net interest income, non-interest income, non-interest expense, income tax expense, and provision for credit losses over the three-year period.
Moreover, the report provides average balance sheets and rate/volume analysis for the years ended December 31, 2025, 2024, and 2023, offering a comprehensive overview of the company's interest-earning assets, interest-bearing liabilities, and net interest income. These detailed financial figures and analyses provide investors and stakeholders with valuable insights into Dime Community Bancshares, Inc.'s financial performance and position. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $30.91. Check out the company's full 10-K submission here.
