Every material Form 8-K Dime Community Bancshares has filed with the SEC since July 23, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dime Commercial Bancshares said its Board declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. Holders of record as of November 9, 2026 will receive the payment on November 16, 2026. The filing covers only a preferred stock payout and contains no earnings, guidance, or common stock dividend information.
Quarterly dividend of $0.34375 per share on Series A preferred stock
Record date is November 9, 2026; payment date is November 16, 2026
Company describes itself as holding company for Dime Commercial Bank, with approximately $15 billion in assets
Dime Commercial Bancshares and ES Bancshares, parent of Empire State Bank, signed a merger agreement on October 19, 2026, under which ES Bancshares will merge into Dime. Based on Dime's 10-day volume-weighted average price of $38.55, the deal is valued at about $58 million, or $8.39 per ES Bancshares share, and is expected to close in the first quarter of 2027 subject to shareholder and regulatory approvals. Dime's press release projects about 3.5% EPS accretion and about 2% tangible book value dilution, and the filing states that Dime will issue 720,000 shares and $30.0 million in cash, with elections subject to proration.
Consideration is $30.0 million in cash and 720,000 Dime common shares, with holder elections subject to proration; transaction value is about $58 million or $8.39 per ES Bancshares share
ES Bancshares had total assets of about $596 million and total deposits of $491 million as of September 30, 2026
ES Bancshares would pay a $2.363 million termination fee in certain circumstances
Closing is expected in the first quarter of 2027, subject to ES Bancshares shareholder approval and regulatory approvals including the Federal Reserve and the New York Department of Financial Services
Dime Commercial Bancshares reported net income available to common stockholders of $39.7 million, or $0.90 per diluted share, for the quarter ended September 30, 2026, up from $0.75 in the prior quarter and $0.59 a year earlier. The company also said it intends to acquire ES Bancshares, Inc., the parent of Empire State Bank, which it described as another step in its growth strategy.
Diluted EPS of $0.90 for Q3 2026, compared with $0.75 for Q2 2026 and $0.59 for Q3 2025
Net interest income of $121.2 million, up from $103.4 million a year earlier; net interest margin of 3.35%
Non-performing assets rose to $99.5 million at September 30, 2026, from $69.0 million at June 30, 2026
Announced intention to acquire ES Bancshares, Inc., parent of Empire State Bank, headquartered in Staten Island
Dime Commercial Bancshares reported second-quarter 2026 net income available to common stockholders of $33.0 million, or $0.75 per diluted share, up from $0.64 a year earlier and flat with the first quarter. The company said it expects to begin repurchasing shares in the third quarter, and its net interest margin rose to 3.28%.
Q2 2026 diluted EPS was $0.75, up from $0.64 in Q2 2025 and unchanged from Q1 2026; adjusted diluted EPS (non-GAAP) was $0.79.
Net interest margin widened to 3.28% from 3.21% in Q1 2026; net interest income was $115.2 million.
Non-performing assets fell to $69.0 million from $95.6 million at March 31, 2026.
The company expects to begin repurchasing its shares in the third quarter of 2026.
Dime Community Bancshares reported first-quarter 2026 net income available to common stockholders of $32.8 million, or $0.75 per diluted share, up from $30.0 million, or $0.68, in the fourth quarter of 2025 and $19.6 million, or $0.45, in the first quarter of 2025. Net interest margin widened to 3.21%, and the company said it redeemed all $40 million of its 2030 subordinated debentures on March 30, 2026.
Net income available to common stockholders was $32.8 million, or $0.75 per diluted share, for the quarter ended March 31, 2026.
Net interest margin was 3.21%, compared with 3.11% in the fourth quarter of 2025 and 2.95% in the first quarter of 2025.
Total deposits were $12.60 billion at March 31, 2026, up from $11.61 billion a year earlier, while total deposits were $12.84 billion at December 31, 2025.
The company redeemed at par on March 30, 2026 all $40 million of its outstanding Fixed/Floating Subordinated Debentures due 2030.
Dime Community Bancshares reported fourth-quarter 2025 net income available to common stockholders of $30.0 million, or $0.68 per diluted share, up from $25.8 million, or $0.59, in the third quarter and a loss of $22.2 million in the fourth quarter of 2024. Management said total fourth-quarter revenue of $124 million was a record and that net interest margin rose to 3.11%, which points to stronger core earnings for shareholders.
Q4 2025 diluted EPS $0.68, versus $0.59 in Q3 2025 and a $(0.54) loss in Q4 2024
Adjusted diluted EPS (non-GAAP) $0.79 for Q4 2025, versus $0.61 in Q3 2025 and $0.42 in Q4 2024
Full-year 2025 net income available to common stockholders $103.4 million, or $2.36 per diluted share, versus $0.55 in 2024
Net interest margin 3.11% for Q4 2025, up from 3.01% in Q3 2025; efficiency ratio 52.6%, down from 53.8%
Dime Community Bancshares said Conrad Gunther, its commercial banking executive since 2017, will retire at the end of 2025, with Thomas X. Geisel taking over his responsibilities as Chief Commercial Officer. Avi Reddy, the current Chief Financial Officer, will also take on the additional title of Chief Operating Officer, and the company described these moves as part of a senior executive succession plan.
Conrad Gunther to retire at the end of 2025 after a career the company says spans over 50 years
Thomas X. Geisel assumes Gunther's responsibilities and is appointed Chief Commercial Officer; the transition occurs over the next couple of months
Avinash (Avi) Reddy keeps his CFO role and adds the title of Chief Operating Officer, in recognition of an expanded role covering client-facing deposit businesses since 2024
Dime Community Bancshares reported third-quarter 2025 net income available to common stockholders of $25.8 million, or $0.59 per diluted share, up from $11.5 million, or $0.29, a year earlier but down from $27.9 million, or $0.64, in the second quarter. Net interest margin rose to 3.01%, while non-performing loans increased to $72.1 million from $53.2 million at June 30, 2025.
Diluted EPS of $0.59 compared with $0.64 in Q2 2025 and $0.29 in Q3 2024
Net interest margin of 3.01%, up from 2.98% in Q2 2025 and 2.50% in Q3 2024
Non-interest expense of $62.2 million, up from $60.3 million in Q2 2025; loss due to pension settlement recorded in the nine-month period
Non-performing loans of $72.1 million at September 30, 2025, up from $53.2 million at June 30, 2025
Dime Community Bancshares reported net income available to common stockholders of $27.9 million, or $0.64 per diluted share, for the quarter ended June 30, 2025, compared with $0.43 per diluted share in the second quarter of 2024. Net interest margin rose to 2.98% from 2.41% a year earlier, and non-performing loans fell to $53.2 million from $58.0 million at March 31, 2025.
Net income available to common stockholders was $27.9 million, or $0.64 per diluted share, versus $19.6 million, or $0.45, in the first quarter of 2025 and $16.7 million, or $0.43, in the second quarter of 2024
Net interest margin was 2.98%, compared with 2.95% in the first quarter of 2025 and 2.41% in the second quarter of 2024
Non-interest expense was $60.3 million, down from $65.5 million in the first quarter of 2025, which included a $7.2 million loss due to pension settlement
Non-performing loans were $53.2 million at June 30, 2025, compared with $58.0 million at March 31, 2025
Dime Community Bancshares promoted Elizabeth DiGangi, its Senior Vice President and Controller, to Chief Accounting Officer effective April 24, 2025. The filing states no new compensation arrangements for her at this time.
Elizabeth DiGangi, 41, promoted to Chief Accounting Officer effective April 24, 2025
She has been the Bank's Controller since March 2024 and joined the Bank's accounting team in July 2019
Prior to joining the Bank, she spent nearly 10 years at Suffolk Credit Union as Controller and in various accounting roles
No new compensation arrangements for Ms. DiGangi at this time
Dime Community Bancshares reported first quarter 2025 net income available to common stockholders of $19.6 million, or $0.45 per diluted share, compared with a net loss in the fourth quarter of 2024 and $15.9 million in the first quarter of 2024. Results included $7.2 million of pre-tax expenses from final settlements tied to the termination of a legacy pension plan, and the company reported adjusted EPS of $0.57 excluding certain items.
Diluted EPS of $0.45 for the quarter ended March 31, 2025, versus $(0.54) for the quarter ended December 31, 2024 and $0.41 for the quarter ended March 31, 2024
Net interest margin rose to 2.95% from 2.79% in the prior quarter; net interest income was $94.2 million
Pre-tax pension settlement expense of $7.2 million; adjusted EPS (non-GAAP) of $0.57
Earnings call scheduled for 8:30 a.m. ET on April 22, 2025
Dime Community Bancshares reported a net loss available to common stockholders of $22.2 million, or $(0.54) per diluted share, for the quarter ended December 31, 2024, compared with net income of $11.5 million, or $0.29 per share, in the prior quarter. The loss reflected a $42.8 million pre-tax loss on the sale of securities and $9.1 million of income tax expense tied to the surrender of legacy BOLI assets, even as net interest income rose to $91.1 million. For full-year 2024, net income available to common stockholders was $21.8 million, or $0.55 per diluted share, down from $88.8 million, or $2.29, in 2023.
Q4 2024 net loss available to common stockholders was $22.2 million, or $(0.54) per diluted share, versus net income of $11.5 million, or $0.29, in Q3 2024.
Net interest income rose to $91.1 million from $79.9 million in Q3 2024; net interest margin was 2.79%, up from 2.50%.
Q4 2024 included a $42.8 million pre-tax loss on sale of securities and $9.1 million of income tax expense related to the BOLI surrender.
Full-year 2024 net income available to common stockholders was $21.8 million, or $0.55 per diluted share, compared with $88.8 million, or $2.29, in 2023.
Director Michael Devine told Dime Community Bancshares and Dime Community Bank on January 8, 2025 that he will retire from both boards effective April 24, 2025. The filing supplements a December 23, 2024 8-K that first announced his retirement, and it does not name a successor.
Michael P. Devine will retire from the boards of the Company and the Bank effective April 24, 2025.
Devine notified the company on January 8, 2025.
The filing supplements the 8-K filed December 23, 2024, which first announced the retirement.
Dime Community Bancshares said director Michael P. Devine will retire from the boards of the company and Dime Community Bank, ahead of the next annual shareholder meeting, for personal reasons. The filing states there were no disagreements between Devine and the company or the bank, and the company's chairman praised his long service.
Devine informed the board on December 17, 2024, and the company announced the retirement on December 20, 2024.
Devine joined The Dime Savings Bank of Williamsburgh, a predecessor of the bank, in 1971 and previously served as President and Chief Operating Officer.
The filing states there were no disagreements between Devine and the company or the bank.
Chairman Kenneth J. Mahon said the board will miss Devine's insight and experience.
Dime Community Bancshares agreed to sell 3,906,250 shares of common stock at $32.00 per share, for gross proceeds of $125 million. The company expects net proceeds of about $117.9 million, or about $135.7 million if underwriters exercise their option in full, and plans to use them for general corporate purposes, including investments in Dime Community Bank. Issuing these shares increases the number of shares outstanding, and the offering is expected to close on or about November 13, 2024.
3,906,250 shares sold at $32.00 per share, for gross proceeds of $125 million
Expected net proceeds of approximately $117.9 million; approximately $135.7 million if the underwriters' option is fully exercised
Underwriters hold a 30-day option to buy up to 585,937 additional shares
Offering expected to close on or about November 13, 2024; Raymond James & Associates and Keefe, Bruyette & Woods are representatives of the underwriters
Dime Community Bancshares reported third-quarter 2024 net income available to common stockholders of $11.5 million, or $0.29 per diluted share, down from $16.7 million, or $0.43, in the second quarter and $13.2 million, or $0.34, a year earlier. Net interest income and the net interest margin rose, but higher credit loss provisions and non-performing loans weighed on earnings, and management expects margin expansion and a relatively flat expense base in the fourth quarter.
Net income available to common stockholders was $11.5 million, or $0.29 per diluted share, versus $0.43 in Q2 2024 and $0.34 in Q3 2023.
Net interest income rose to $79.9 million from $75.5 million in Q2 2024, and net interest margin rose to 2.50% from 2.41%.
Credit loss provision was $11.6 million versus $5.6 million in Q2 2024; non-performing loans were $49.5 million versus $24.8 million.
Management expects continued net interest margin expansion in Q4 2024 and says it expects to keep the expense base relatively flat.
Dime Community Bancshares reported second-quarter 2024 results on July 23, 2024, with net income available to common stockholders of $16.7 million, or $0.43 per diluted share, up from $0.41 in the first quarter but down from $0.66 a year earlier. Net interest margin rose to 2.41% from 2.21%, while non-interest expense increased to $55.7 million, and the company's $74.8 million subordinated notes offering helped lift its total risk-based capital ratio to 14.5%. For shareholders, the sequential earnings gain came alongside a steep year-over-year decline in profit.
Net income available to common stockholders was $16.7 million, or $0.43 per diluted share, for the quarter ended June 30, 2024, versus $15.9 million, or $0.41, in Q1 2024 and $25.7 million, or $0.66, in Q2 2023.
Net interest income was $75.5 million, up from $71.5 million in Q1 2024 but down from $80.2 million in Q2 2023; net interest margin was 2.41% versus 2.21% in Q1 2024 and 2.50% in Q2 2023.
Total non-interest expense was $55.7 million, compared with $52.5 million in Q1 2024 and $52.2 million in Q2 2023; the efficiency ratio was 63.8%.
Subordinated notes offering, including an overallotment option exercised July 9, 2024, generated total gross proceeds of $74.8 million, lifting the total risk-based capital ratio to 14.5%.
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