Dime Commercial Bancshares, Inc 8-K, filed Oct 20, 2026

Dime Commercial Bancshares, Inc. (DCOM)

8-K 2026-10-20 For: 2026-10-20

Added on October 20, 2026

About this 8-K

Dime Commercial Bancshares, Inc filed this 8-K on October 20, 2026.

Dime Commercial Bancshares reported net income available to common stockholders of $39.7 million and diluted EPS of $0.90 for the quarter ended September 30, 2026, with a 3.35% net interest margin and 53% year-over-year EPS growth. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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898 Veterans Memorial Highway, Suite 560, Hauppauge, New York	11788

(Address of principal executive offices)	(Zip Code)


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)


Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 Par Value		DCOM		The New York Stock Exchange
Preferred Stock, Series A, $0.01 Par Value		DCOM PR		The New York Stock Exchange
9.000% Junior Subordinated Notes, $25.00 Par Value		DCBG		The New York Stock Exchange


Exhibit No.		Description

99.1		Press Release dated October 20, 2026, announcing the earnings of the Company for the quarter ended September 30, 2026.*
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

		DIME COMMERCIAL BANCSHARES, INC.



DATE: October 20, 2026	By:	/s/ Avinash Reddy
		Avinash Reddy
		Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer


		September 30, 2026					June 30, 2026					September 30, 2025
(Dollars in thousands)		Balance			WAR⁽¹⁾		Balance			WAR⁽¹⁾		Balance			WAR⁽¹⁾
Loans held for investment balances at period end:
Business loans ⁽²⁾		$	3,991,773		6.44	%	$	3,645,194		6.32	%	$	3,062,674		6.60	%
One-to-four family residential and coop/condo apartment			1,124,190		5.10			1,075,904		5.04			1,030,949		4.92
Multifamily residential and residential mixed-use ⁽³⁾⁽⁴⁾			2,951,768		4.54			3,113,647		4.48			3,509,811		4.52
Non-owner-occupied commercial real estate			2,753,169		5.26			2,770,751		5.14			2,975,474		5.13
Acquisition, development, and construction			88,587		6.76			90,476		7.10			139,145		8.04
Other loans			8,668		12.28			8,401		11.81			7,621		11.14
Loans held for investment		$	10,918,155		5.50	%	$	10,704,373		5.36	%	$	10,725,674		5.37	%


(Dollars in millions)	Q3 2026		Q2 2026			Q3 2025
Originations Excluding New Lines of Credit	$	374.8	$	255.3		$	170.6
Originations Including New Lines of Credit		745.8		533.4			535.6

Contact: Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
718-782-6200 extension 5909


		September 30,			June 30,			December 31,
		2026			2026			2025
Assets:
Cash and due from banks		$	2,184,800		$	1,934,594		$	2,353,966
Securities available-for-sale, at fair value			897,276			895,251			797,935
Securities held-to-maturity			701,601			706,606			618,901
Loans held for sale			2,413			1,862			1,989
Loans held for investment, net:
Business loans ⁽¹⁾			3,991,773			3,645,194			3,240,600
One-to-four family residential and coop/condo apartment			1,124,190			1,075,904			1,035,983
Multifamily residential and residential mixed-use ⁽²⁾⁽³⁾			2,951,768			3,113,647			3,424,565
Non-owner-occupied commercial real estate			2,753,169			2,770,751			2,933,287
Acquisition, development and construction			88,587			90,476			117,215
Other loans			8,668			8,401			6,558
Allowance for credit losses			(108,548)			(104,963)			(97,372)
Total loans held for investment, net			10,809,607			10,599,410			10,660,836
Premises and fixed assets, net			28,711			30,570			31,255
Restricted stock			59,046			61,167			67,197
BOLI			422,101			417,459			401,163
Goodwill			155,797			155,797			155,797
Other intangible assets			2,339			2,534			2,938
Operating lease assets			44,114			36,830			42,876
Derivative assets			99,951			70,545			76,315
Accrued interest receivable			57,694			56,282			55,572
Other assets			81,419			74,046			74,891
Total assets		$	15,546,869		$	15,042,953		$	15,341,631
Liabilities:
Non-interest-bearing checking (excluding mortgage escrow deposits)		$	4,158,300		$	3,946,965		$	3,915,081
Interest-bearing checking			1,068,293			1,140,667			1,178,281
Savings (excluding mortgage escrow deposits)			1,608,662			1,621,056			1,777,143
Money market			5,187,009			4,853,645			4,806,572
Certificates of deposit			1,034,729			1,068,824			1,117,118
Deposits (excluding mortgage escrow deposits)			13,056,993			12,631,157			12,794,195
Non-interest-bearing mortgage escrow deposits			81,429			45,980			47,051
Interest-bearing mortgage escrow deposits			—			—			—
Total mortgage escrow deposits			81,429			45,980			47,051
Total deposits (including mortgage escrow deposits)			13,138,422			12,677,137			12,841,246
FHLBNY advances			335,000			385,000			508,000
Subordinated debt, net			231,313			231,186			272,503
Derivative cash collateral			100,550			61,790			52,400
Operating lease liabilities			46,834			39,626			45,729
Derivative liabilities			99,394			69,631			73,573
Other liabilities			72,598			58,127			72,411
Total liabilities			14,024,111			13,522,497			13,865,862
Stockholders' equity:
Preferred stock, Series A			116,569			116,569			116,569
Common stock			462			462			462
Additional paid-in capital			622,827			622,636			623,041
Retained earnings			926,880			898,089			854,167
Accumulated other comprehensive loss ("AOCI"), net of deferred taxes			(46,314)			(31,573)			(31,468)
Unearned equity awards			(15,311)			(17,590)			(8,661)
Treasury stock, at cost			(82,355)			(68,137)			(78,341)
Total stockholders' equity			1,522,758			1,520,456			1,475,769
Total liabilities and stockholders' equity		$	15,546,869		$	15,042,953		$	15,341,631


		Three Months Ended									Nine Months Ended
		September 30,			June 30,			September 30,			September 30,			September 30,
		2026			2026			2025			2026			2025
Interest income:
Loans		$	149,776		$	143,892		$	147,756		$	435,758		$	435,909
Securities			15,428			14,518			11,338			42,734			34,014
Other short-term investments			18,182			16,840			16,449			53,544			35,035
Total interest income			183,386			175,250			175,543			532,036			504,958
Interest expense:
Deposits and escrow			54,220			52,171			62,950			158,755			181,205
Borrowed funds			7,279			7,351			8,406			22,930			25,141
Derivative cash collateral			668			542			788			1,695			2,903
Total interest expense			62,167			60,064			72,144			183,380			209,249
Net interest income			121,219			115,186			103,399			348,656			295,709
Provision for credit losses			13,812			13,875			13,294			40,000			32,141
Net interest income after provision			107,407			101,311			90,105			308,656			263,568
Non-interest income:
Service charges and other fees			6,879			6,483			5,209			19,092			14,494
Title fees			191			187			126			520			342
Loan level derivative income			702			535			650			1,709			1,653
BOLI income			4,683			5,038			4,956			14,279			13,135
Gain on sale of Small Business Administration ("SBA") loans			—			196			38			196			507
Gain on sale of residential loans			77			49			37			198			119
Fair value change in equity securities and loans held for sale			(38)			38			51			(38)			152
Gain on securities			—			—			14			—			163
Gain (loss) on sale of loans and other assets			757			(2,000)			(1,117)			(1,563)			(1,117)
Other			877			740			2,247			2,347			3,991
Total non-interest income			14,128			11,266			12,211			36,740			33,439
Non-interest expense:
Salaries and employee benefits			39,303			39,781			38,344			118,677			110,213
Severance			974			454			6			1,530			218
Occupancy and equipment			7,855			7,899			8,107			23,963			23,838
Data processing costs			5,835			5,151			4,798			16,409			14,495
Marketing			2,258			1,951			1,961			6,234			5,383
Professional services			1,981			2,325			2,228			6,215			6,441
Federal deposit insurance premiums			1,627			1,712			1,799			4,605			5,538
Net loss (gain) on extinguishment of debt			—			2			—			(972)			—
Loss due to pension settlement			—			—			—			—			7,231
Amortization of other intangible assets			195			195			236			599			723
Other			5,475			5,231			4,745			15,700			13,954
Total non-interest expense			65,503			64,701			62,224			192,960			188,034
Income before taxes			56,032			47,876			40,092			152,436			108,973
Income tax expense			14,472			13,062			12,421			41,480			30,147
Net income			41,560			34,814			27,671			110,956			78,826
Preferred stock dividends			1,822			1,821			1,822			5,465			5,465
Net income available to common stockholders		$	39,738		$	32,993		$	25,849		$	105,491		$	73,361


		At or For the Three Months Ended									At or For the Nine Months Ended
		September 30,			June 30,			September 30,			September 30,			September 30,
		2026			2026			2025			2026			2025
Per Share Data:
Reported EPS (Diluted)		$	0.90		$	0.75		$	0.59		$	2.40		$	1.67
Cash dividends paid per common share			0.25			0.25			0.25			0.75			0.75
Book value per common share			32.10			31.79			30.44			32.10			30.44
Tangible common book value per share ⁽¹⁾			28.49			28.21			26.81			28.49			26.81
Common shares outstanding			43,811			44,158			43,889			43,811			43,889
Dividend payout ratio			27.78	%		33.33	%		42.37	%		31.25	%		44.91	%

Performance Ratios (Based upon Reported Net Income):
Return on average assets			1.10	%		0.94	%		0.77	%		0.99	%		0.75	%
Return on average equity			10.77			9.15			7.59			9.71			7.31
Return on average tangible common equity ⁽¹⁾			12.57			10.62			8.80			11.31			8.47
Net interest margin			3.35			3.28			3.01			3.28			2.98
Non-interest expense to average assets			1.73			1.74			1.73			1.72			1.78
Efficiency ratio			48.4			51.2			53.8			50.1			57.1
Effective tax rate			25.83			27.28			30.98			27.21			27.66

Balance Sheet Data:
Average assets		$	15,142,449		$	14,862,346		$	14,426,002		$	14,996,020		$	14,074,794
Average interest-earning assets			14,364,889			14,086,464			13,638,036			14,218,475			13,267,962
Average tangible common equity ⁽¹⁾			1,268,341			1,247,394			1,182,158			1,248,060			1,162,403
Loan-to-deposit ratio at end of period⁽²⁾			83.1	%		84.4	%		88.9	%		83.1	%		88.9	%

Capital Ratios and Reserves - Consolidated:
Tangible common equity to tangible assets ^{(1) (3)}			8.11	%		8.37	%		8.18	%
Tangible equity to tangible assets ^{(1) (3)}			8.87			9.15			8.99
Tier 1 common equity ratio ⁽³⁾			11.75			11.99			11.53
Tier 1 risk-based capital ratio⁽³⁾			12.81			13.09			12.64
Total risk-based capital ratio ⁽³⁾			15.96			16.30			16.18
Tier 1 leverage ratio ⁽³⁾			9.40			9.46			9.29
Consolidated CRE concentration ratio ⁽³⁾⁽⁴⁾			338			352			401
Allowance for credit losses/ Total loans			0.99			0.98			0.88
Allowance for credit losses/ Non-performing loans held for investment			111.54			157.09			130.54


	Three Months Ended
	September 30, 2026								June 30, 2026							September 30, 2025
							Average							Average							Average
	Average						Yield/		Average					Yield/		Average					Yield/
	Balance			Interest			Cost		Balance		Interest			Cost		Balance		Interest			Cost
Assets:
Interest-earning assets:
Business loans	$	3,798,622		$	62,650		6.54	%	$	3,489,614	$	56,520		6.50	%	$	2,957,434	$	50,271		6.74	%
One-to-four family residential and coop/condo apartment		1,111,740			13,604		4.85			1,064,043		12,588		4.75			1,023,844		12,120		4.70
Multifamily residential and residential mixed-use		3,059,148			35,123		4.56			3,195,372		35,930		4.51			3,591,822		41,712		4.61
Non-owner-occupied commercial real estate		2,724,952			36,719		5.35			2,815,624		37,117		5.29			3,067,598		40,439		5.23
Acquisition, development, and construction		79,710			1,654		8.23			90,738		1,711		7.56			145,902		3,184		8.66
Other loans		8,981			26		1.15			8,580		26		1.22			7,515		30		1.58
Total loans		10,783,153			149,776		5.51			10,663,971		143,892		5.41			10,794,115		147,756		5.43
Securities		1,640,702			15,428		3.73			1,582,300		14,518		3.68			1,340,223		11,338		3.36
Other short-term investments		1,941,034			18,182		3.72			1,840,193		16,840		3.67			1,503,698		16,449		4.34
Total interest-earning assets		14,364,889			183,386		5.06	%		14,086,464		175,250		4.99	%		13,638,036		175,543		5.11	%
Non-interest-earning assets		777,560								775,882							787,966
Total assets	$	15,142,449							$	14,862,346						$	14,426,002

Liabilities and Stockholders' Equity:
Interest-bearing liabilities:
Interest-bearing checking ⁽¹⁾	$	1,082,628		$	4,453		1.63	%	$	1,040,981	$	4,058		1.56	%	$	1,069,761	$	5,306		1.97	%
Money market		4,907,654			31,883		2.58			4,796,008		30,049		2.51			4,359,512		34,877		3.17
Savings ⁽¹⁾		1,635,196			9,776		2.37			1,684,130		9,826		2.34			1,821,289		13,273		2.89
Certificates of deposit		1,051,590			8,108		3.06			1,075,789		8,238		3.07			1,116,152		9,494		3.37
Total interest-bearing deposits		8,677,068			54,220		2.48			8,596,908		52,171		2.43			8,366,714		62,950		2.99
FHLBNY advances		337,717			3,469		4.08			418,517		3,541		3.39			508,000		4,104		3.21
Subordinated debt, net		231,229			3,809		6.54			231,102		3,810		6.61			272,429		4,301		6.26
Other short-term borrowings		76			1		5.22			—		—		—			76		1		5.22
Total borrowings		569,022			7,279		5.08			649,619		7,351		4.54			780,505		8,406		4.27
Derivative cash collateral		75,524			668		3.51			62,134		542		3.50			63,856		788		4.90
Total interest-bearing liabilities		9,321,614			62,167		2.65	%		9,308,661		60,064		2.59	%		9,211,075		72,144		3.11	%
Non-interest-bearing checking ⁽¹⁾		4,102,780								3,864,575							3,573,448
Other non-interest-bearing liabilities		174,880								166,688							183,627
Total liabilities		13,599,274								13,339,924							12,968,150
Stockholders' equity		1,543,175								1,522,422							1,457,852
Total liabilities and stockholders' equity	$	15,142,449							$	14,862,346						$	14,426,002
Net interest income				$	121,219						$	115,186						$	103,399