Dime Community Bancshares (DCOM) Q4 2025 earnings summary

Executive summary

• Core EPS for Q4 was $0.79, up 88% year-over-year, driven by record total revenues of $124 million and strong organic growth in loans and deposits.

• Fourth quarter net income available to common stockholders was $30.0 million, or $0.68 per diluted share, up from $25.8 million in Q3 2025 and a net loss of $22.2 million in Q4 2024.

• Adjusted net income for Q4 2025 was $34.5 million, with adjusted diluted EPS of $0.79, an 88% year-over-year increase.

• Core deposits rose $1.2 billion year-over-year, with non-interest-bearing DDA reaching 31% of deposits.

• Business loans grew $175 million sequentially and $500 million year-over-year, with a strong pipeline of $1.3 billion.

Financial highlights

• Net interest margin (NIM) increased to 3.11%, with average earning assets up over $650 million sequentially.

• Net interest income for Q4 2025 was $112.3 million, up from $103.4 million in Q3 2025 and $91.1 million in Q4 2024.

• Total deposits at year-end were $12.84 billion, up from $12.06 billion in Q3 2025 and $11.69 billion in Q4 2024.

• Non-interest income was $11.5 million, above guidance.

• Adjusted efficiency ratio improved to 50.3% in Q4 2025 from 53.1% in Q3 2025 and 58.0% in Q4 2024.

Outlook and guidance

• Modest NIM expansion expected in H1 2026, with more substantial gains in H2 as loan repricing accelerates.

• $1.4 billion in loans at 4% will reprice or mature in 2026, potentially adding 20 bps to NIM by year-end.

• Loan growth expected to be flat in H1 2026, with mid-single-digit growth in H2; 2027 modeled for mid-to-high single-digit growth.

• Core cash operating expenses for 2026 projected at $255–$257 million.

• Management anticipates continued revenue growth, supported by a significant loan repricing opportunity extending through 2027.