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Dime Community (DCOM - Free Report) reported $126.45 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 15.3%. EPS of $0.79 for the same period compares to $0.64 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $122.02 million, representing a surprise of +3.64%. The company delivered an EPS surprise of +3.95%, with the consensus EPS estimate being $0.76.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

NCOs / Average loans: 0.4% versus 0.2% estimated by two analysts on average.Net Interest Margin: 3.3% versus the two-analyst average estimate of 3.2%.Average Balance - Total interest-earning assets: $14.09 billion versus the two-analyst average estimate of $14.17 billion.Efficiency Ratio: 51.2% versus 53.1% estimated by two analysts on average.Gain on sale of residential loans: $0.05 million versus $-0.74 million estimated by two analysts on average.Net Interest Income: $115.19 million versus $112.45 million estimated by two analysts on average.BOLI income: $5.04 million versus the two-analyst average estimate of $4.25 million.Loan level derivative income: $0.54 million compared to the $0.74 million average estimate based on two analysts.Non-interest income- Other: $0.74 million versus $0.88 million estimated by two analysts on average.Service charges and other fees: $6.48 million versus $5.27 million estimated by two analysts on average.Total Non-Interest Income: $11.27 million compared to the $9.57 million average estimate based on two analysts.View all Key Company Metrics for Dime Community here>>>

Shares of Dime Community have returned -0.8% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Dime Community (DCOM - Free Report) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.95%. A quarter ago, it was expected that this bank holding company would post earnings of $0.77 per share when it actually produced earnings of $0.74, delivering a surprise of -3.9%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Dime Community, which belongs to the Zacks Banks - Southeast industry, posted revenues of $126.45 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.64%. This compares to year-ago revenues of $109.69 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Dime Community shares have added about 31.1% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for Dime Community?While Dime Community has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Dime Community was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $131.03 million in revenues for the coming quarter and $3.37 on $513.88 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Renasant (RNST - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.

This holding company for Renasant Bank is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +31.9%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

Renasant's revenues are expected to be $275.6 million, up 3.2% from the year-ago quarter.

Net Interest Margin Expansion Drives Record Quarterly Revenue of $126 million;
Strong Year-Over-Year Core Deposit and Business Loan Growth

Announces Plans to Resume Share Buybacks

HAUPPAUGE, N.Y., July 23, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (NYSE: DCOM) (the “Company” or “Dime”), the parent company of Dime Commercial Bank (the “Bank”), today reported net income available to common stockholders of $33.0 million for the quarter ended June 30, 2026, or $0.75 per diluted common share, compared to net income available to common stockholders of $32.8 million, or $0.75 per diluted common share, for the quarter ended March 31, 2026 and net income available to common stockholders of $27.9 million for the quarter ended June 30, 2025, or $0.64 per diluted common share.

Adjusted net income available to common stockholders (non-GAAP) was $34.7 million and adjusted diluted EPS (non-GAAP) was $0.79 per share for the quarter ended June 30, 2026, compared to $0.74 per share for the quarter ended March 31, 2026 and $0.64 for the quarter ended June 30, 2025 (see "Non-GAAP Reconciliation" tables at the end of this news release).

Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Dime continues to execute on our growth plan and delivered record quarterly revenue. Second quarter results were marked by strong growth in business loans as our commercial banking teams are converting their robust pipelines. Recognizing the progress we have made in creating a high-quality balance sheet, Kroll Bond Rating Agency recently issued a “Positive” ratings outlook for Dime. Finally, and in recognition of our evolution into a commercial and private banking powerhouse, we recently completed our re-brand to “Dime Commercial Bank”.”

Capital Return: Mr. Lubow, stated, “In light of our strong capital position, lower CRE concentration levels, stress testing results, and improving profitability, we are pleased to announce that we expect to begin repurchasing our shares in the third quarter.”

Highlights for the Second Quarter of 2026 included:

Adjusted diluted EPS of $0.79 per share for the second quarter of 2026, compared to $0.64 per share for the second quarter of 2025;Total deposits increased $937.0 million on a year-over-year basis;Core deposits (excluding brokered and time deposits) increased $948.3 million on a year-over-year basis;Average non-interest-bearing deposits to average total deposits for the second quarter increased to 31.0%;Business loans grew $280.8 million on a linked quarter basis and $743.0 million on a year-over-year basis;The net interest margin increased to 3.28% for the second quarter of 2026 compared to 3.21% for the prior quarter;The efficiency ratio decreased to 51.2% for the second quarter of 2026 compared to 55.0% for second quarter of 2025;The adjusted efficiency ratio decreased to 49.9% for the second quarter of 2026 compared to 54.7% for the second quarter of 2025;The Company’s Tier 1 Common Equity Ratio increased to 11.99% at the end of the second quarter;The Company’s Consolidated CRE Concentration ratio was proactively managed lower to 352%; andNon-performing assets declined by 28% on a linked quarter basis and represented 0.46% of Total Assets.
Management’s Discussion of Quarterly Operating Results

Net Interest Income

Net interest income for the second quarter of 2026 was $115.2 million compared to $112.3 million for the first quarter of 2026 and $98.1 million for the second quarter of 2025. The Net Interest Margin for the second quarter of 2026 was 3.28% compared to 3.21% for the first quarter of 2026 and 2.98% for the second quarter of 2025.

Mr. Lubow commented, “We continue to have a significant loan repricing opportunity that we anticipate will continue through 2027. Additionally, growth in core deposits and business loans will benefit us over time as we continue to grow our customer base. Our substantial liquidity position, which includes $1.9 billion of cash, provides us with the flexibility to take advantage of lending opportunities as they arise. Dime’s asset liability management profile, which is underpinned by our cash position and a growing floating rate loan portfolio, positions us well for a variety of interest rate scenarios.”

Loan Portfolio

The ending weighted average rate (“WAR”) on the total loan portfolio was 5.36% at June 30, 2026, an 8-basis point increase compared to the ending WAR of 5.28% on the total loan portfolio at March 31, 2026.

Outlined below are loan balances and WARs for the quarter ended as indicated.

                   June 30, 2026 March 31, 2026 June 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) $3,645,194 6.32%$3,364,435 6.28%$2,902,170 6.65%One-to-four family residential and coop/condo apartment  1,075,904 5.04  1,047,920 4.97  998,677 4.85 Multifamily residential and residential mixed-use(3)(4)  3,113,647 4.48  3,249,582 4.47  3,693,481 4.48 Non-owner-occupied commercial real estate  2,770,751 5.14  2,840,817 5.05  3,128,453 5.12 Acquisition, development, and construction  90,476 7.10  100,574 7.41  141,755 8.28 Other loans  8,401 11.81  9,597 11.53  6,336 11.08 Loans held for investment $10,704,373 5.36%$10,612,925 5.28%$10,870,872 5.33% (1)WAR is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total balance of loans in the category.(2)Business loans include commercial and industrial loans, and owner-occupied commercial real estate loans. At June 30, 2025, business loans included balances related to Paycheck Protection Program (“PPP”) loans; no PPP loans were outstanding at June 30, 2026 or March 31, 2026.(3)Includes loans underlying multifamily cooperatives.(4)While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.   Outlined below are the loan originations for the quarter ended as indicated.

          (Dollars in millions) Q2 2026 Q1 2026 Q2 2025Originations Excluding New Lines of Credit $255.3 $220.4 $227.3Originations Including New Lines of Credit  533.4  500.1  450.5           Deposits and Borrowed Funds

Period end total deposits (including mortgage escrow deposits) at June 30, 2026 were $12.68 billion, compared to $12.60 billion at March 31, 2026 and $11.74 billion at June 30, 2025.

Brokered deposits were $200.0 million at June 30, 2026, compared to $215.0 million at March 31, 2026 and $200.0 million at June 30, 2025. Total Federal Home Loan Bank advances were $385.0 million at June 30, 2026, compared to $435.0 million at March 31, 2026 and $508.0 million at June 30, 2025.

Non-Interest Income

Non-interest income was $11.3 million during the second quarter of 2026, $11.3 million during the first quarter of 2026, and $11.6 million during the second quarter of 2025. Excluding the fair value change in equity securities and loans held for sale, and loss (gain) on sale of securities, loans and other assets, non-interest income was $13.2 million during the second quarter of 2026, $11.7 million during the first quarter of 2026 and $11.4 million during the second quarter of 2025.

Non-Interest Expense

Total non-interest expense was $64.7 million during the second quarter of 2026, $62.8 million during the first quarter of 2026, and $60.3 million during the second quarter of 2025. Excluding the impact of the net loss (gain) on extinguishment of debt, amortization of other intangible assets and severance expense, adjusted non-interest expense was $64.1 million during the second quarter of 2026, $63.4 million during the first quarter of 2026, and $59.9 million during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The ratio of non-interest expense to average assets was 1.74% during the second quarter of 2026, compared to 1.68% during the linked quarter and 1.72% during the second quarter of 2025. Excluding the impact of the net loss (gain) on extinguishment of debt, amortization of other intangible assets and severance expense, the ratio of adjusted non-interest expense to average assets was 1.72% during the second quarter of 2026, 1.69% during the first quarter of 2026, and 1.71% during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The efficiency ratio was 51.2% during the second quarter of 2026, compared to 50.8% during the linked quarter and 55.0% during the second quarter of 2025. Excluding the impact of loss (gain) on sale of securities, loans and other assets, fair value change in equity securities and loans held for sale, severance expense, net loss (gain) on extinguishment of debt, and amortization of other intangible assets, the adjusted efficiency ratio was 49.9% during the second quarter of 2026, compared to 51.2% during the linked quarter and 54.7% during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Mr. Lubow commented, “Our organic growth strategy is paying dividends as evidenced by a decline in the core efficiency ratio to below 50% for the second quarter. Growth in revenues is anticipated to continue to drive the efficiency ratio lower in the years ahead.”

Income Tax Expense

Income tax expense was $13.1 million during the second quarter of 2026, $13.9 million during the first quarter of 2026, and $10.5 million during the second quarter of 2025. The effective tax rate for the second quarter of 2026 was 27.3%, compared to 28.7% for the first quarter of 2026 and 26.1% for the second quarter of 2025.

Credit Quality

Non-performing assets were $69.0 million at June 30, 2026, compared to $95.6 million at March 31, 2026 and $53.2 million at June 30, 2025.

A credit loss provision of $13.9 million was recorded during the second quarter of 2026, compared to $12.3 million during the first quarter of 2026, and $9.2 million during the second quarter of 2025.

Capital Management

Stockholders’ equity increased $23.5 million to $1.52 billion at June 30, 2026, compared to $1.50 billion at March 31, 2026.

The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of June 30, 2026. All risk-based regulatory capital ratios increased during the second quarter of 2026.

Dividends per common share were $0.25 during the second quarter of 2026 and the first quarter of 2026, respectively.

Book value per common share was $31.79 at June 30, 2026 compared to $31.33 at March 31, 2026.

Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was $28.21 at June 30, 2026 compared to $27.73 at March 31, 2026 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Earnings Call Information

The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, July 23, 2026, during which CEO Lubow will discuss the Company’s second quarter 2026 financial performance, with a question-and-answer session to follow.

Participants may access the conference call via webcast using this link: https://edge.media-server.com/mmc/p/kjwp3pui. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BI0e414999c97e4bf0bc9fe67d53be989f. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

A replay of the conference call and webcast will be available on-demand for 12 months at https://edge.media-server.com/mmc/p/kjwp3pui.

ABOUT DIME COMMERCIAL BANCSHARES, INC.
Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

(1)Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.   This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as “annualized," “anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Any forward-looking statements presented herein are made only as of the date of this release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.

Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may affect demand for our products and reduce interest margins and the value of our investments; changes in government monetary or fiscal policies and actions may adversely affect our customers, cost of credit and overall result of operations; changes in deposit flows, the cost of funds, loan demand or real estate values may adversely affect the business of the Company; changes in the quality and composition of the Company’s loan or investment portfolios or unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general socio-economic conditions, public health emergencies, international conflict, inflation, tariffs, and recessionary pressures, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates and may adversely affect our customers, our financial results and our operations; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; there may be difficulties or unanticipated expense incurred in the consummation of new business initiatives or the integration of any acquired entities; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and updates set forth in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Contact: Avinash Reddy Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer 718-782-6200 extension 5909  DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In thousands)            June 30, March 31, December 31,  2026  2026  2025 Assets:         Cash and due from banks $1,934,594  $2,059,618  $2,353,966 Securities available-for-sale, at fair value  895,251   838,219   797,935 Securities held-to-maturity  706,606   647,842   618,901 Loans held for sale  1,862   38,225   1,989 Loans held for investment, net:         Business loans(1)  3,645,194   3,364,435   3,240,600 One-to-four family residential and coop/condo apartment  1,075,904   1,047,920   1,035,983 Multifamily residential and residential mixed-use(2)(3)  3,113,647   3,249,582   3,424,565 Non-owner-occupied commercial real estate  2,770,751   2,840,817   2,933,287 Acquisition, development and construction  90,476   100,574   117,215 Other loans  8,401   9,597   6,558 Allowance for credit losses  (104,963)  (100,673)  (97,372)Total loans held for investment, net  10,599,410   10,512,252   10,660,836 Premises and fixed assets, net  30,570   30,580   31,255 Restricted stock  61,167   63,659   67,197 BOLI  417,459   404,657   401,163 Goodwill  155,797   155,797   155,797 Other intangible assets  2,534   2,729   2,938 Operating lease assets  36,830   39,551   42,876 Derivative assets  70,545   70,811   76,315 Accrued interest receivable  56,282   57,690   55,572 Other assets  74,046   77,873   74,891 Total assets $15,042,953  $14,999,503  $15,341,631 Liabilities:         Non-interest-bearing checking (excluding mortgage escrow deposits) $3,946,965  $3,777,787  $3,915,081 Interest-bearing checking  1,140,667   1,066,620   1,178,281 Savings (excluding mortgage escrow deposits)  1,621,056   1,701,899   1,777,143 Money market  4,853,645   4,874,544   4,806,572 Certificates of deposit  1,068,824   1,089,893   1,117,118 Deposits (excluding mortgage escrow deposits)  12,631,157   12,510,743   12,794,195 Non-interest-bearing mortgage escrow deposits  45,980   88,267   47,051 Interest-bearing mortgage escrow deposits  —   —   — Total mortgage escrow deposits  45,980   88,267   47,051 Total deposits (including mortgage escrow deposits)  12,677,137   12,599,010   12,841,246 FHLBNY advances  385,000   435,000   508,000 Subordinated debt, net  231,186   231,058   272,503 Derivative cash collateral  61,790   57,630   52,400 Operating lease liabilities  39,626   42,431   45,729 Derivative liabilities  69,631   69,305   73,573 Other liabilities  58,127   68,099   72,411 Total liabilities  13,522,497   13,502,533   13,865,862 Stockholders' equity:         Preferred stock, Series A  116,569   116,569   116,569 Common stock  462   462   462 Additional paid-in capital  622,636   622,415   623,041 Retained earnings  898,089   876,133   854,167 Accumulated other comprehensive loss ("AOCI"), net of deferred taxes  (31,573)  (33,019)  (31,468)Unearned equity awards  (17,590)  (15,803)  (8,661)Treasury stock, at cost  (68,137)  (69,787)  (78,341)Total stockholders' equity  1,520,456   1,496,970   1,475,769 Total liabilities and stockholders' equity $15,042,953  $14,999,503  $15,341,631  (1)Business loans include commercial and industrial loans, and owner-occupied commercial real estate loans.(2)Includes loans underlying multifamily cooperatives.(3)While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands except share and per share amounts)                  Three Months Ended Six Months Ended  June 30, March 31, June 30, June 30, June 30,  2026  2026  2025 2026  2025Interest income:               Loans $143,892  $142,090  $145,448 $285,982  $288,153Securities  14,518   12,788   11,353  27,306   22,676Other short-term investments  16,840   18,522   10,749  35,362   18,586Total interest income  175,250   173,400   167,550  348,650   329,415Interest expense:               Deposits and escrow  52,171   52,364   60,181  104,535   118,255Borrowed funds  7,351   8,300   8,354  15,651   16,735Derivative cash collateral  542   485   918  1,027   2,115Total interest expense  60,064   61,149   69,453  121,213   137,105Net interest income  115,186   112,251   98,097  227,437   192,310Provision for credit losses  13,875   12,313   9,221  26,188   18,847Net interest income after provision  101,311   99,938   88,876  201,249   173,463Non-interest income:               Service charges and other fees  6,483   5,730   4,642  12,213   9,285Title fees  187   142   118  329   216Loan level derivative income  535   472   942  1,007   1,003BOLI income  5,038   4,558   4,186  9,596   8,179Gain on sale of Small Business Administration ("SBA") loans  196   —   387  196   469Gain on sale of residential loans  49   72   50  121   82Fair value change in equity securities and loans held for sale  38   (38)  83  —   101Gain on securities  —   —   149  —   149Loss on sale of loans and other assets  (2,000)  (320)  —  (2,320)  —Other  740   730   1,038  1,470   1,744Total non-interest income  11,266   11,346   11,595  22,612   21,228Non-interest expense:               Salaries and employee benefits  39,781   39,593   36,218  79,374   71,869Severance  454   102   136  556   212Occupancy and equipment  7,899   8,209   7,729  16,108   15,731Data processing costs  5,151   5,423   4,903  10,574   9,697Marketing  1,951   2,025   1,756  3,976   3,422Professional services  2,325   1,909   2,097  4,234   4,213Federal deposit insurance premiums  1,712   1,266   1,692  2,978   3,739Net loss (gain) on extinguishment of debt  2   (974)  —  (972)  —Loss due to pension settlement  —   —   —  —   7,231Amortization of other intangible assets  195   209   235  404   487Other  5,231   4,994   5,533  10,225   9,209Total non-interest expense  64,701   62,756   60,299  127,457   125,810Income before taxes  47,876   48,528   40,172  96,404   68,881Income tax expense  13,062   13,946   10,475  27,008   17,726Net income  34,814   34,582   29,697  69,396   51,155Preferred stock dividends  1,821   1,822   1,821  3,643   3,643Net income available to common stockholders $32,993  $32,760  $27,876 $65,753  $47,512 DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED COMMON SHARE DATA
(Dollars in thousands except per share amounts)                  Three Months Ended Six Months EndedGAAP June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025Net income available to common stockholders $32,993  $32,760  $27,876  $65,753  $47,512 Less: Dividends paid and earnings allocated to participating securities  (687)  (593)  (516)  (1,280)  (830)Income attributable to common stock - Basic and Diluted $32,306  $32,167  $27,360   64,473   46,682                 Weighted-average common shares outstanding  43,218,619   43,109,118   43,030,023   43,164,171   42,989,581                 Basic and diluted earnings per share ("EPS")(1) $0.75  $0.75  $0.64  $1.49  $1.09                 Non-GAAP            Adjusted net income available to common stockholders(2) $34,663  $32,405  $27,863  $67,068  $52,551 Less: Dividends paid and earnings allocated to participating securities  (722)  (586)  (516)  (1,308)  (910)Adjusted income attributable to common stock - Basic and Diluted $33,941  $31,819  $27,347  $65,760  $51,641                 Weighted-average common shares outstanding  43,218,619   43,109,118   43,030,023   43,164,171   42,989,581                 Adjusted basic and diluted EPS(3) $0.79  $0.74  $0.64  $1.52  $1.20  (1)The earnings per share is calculated by dividing income attributable to common stock by weighted-average common shares outstanding.(2)See "Non-GAAP Reconciliation" tables for reconciliation of reported and adjusted (non-GAAP) net income available to common stockholders.(3)The adjusted earnings per share is calculated by dividing adjusted income attributable to common stock by weighted-average common shares outstanding. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SELECTED FINANCIAL HIGHLIGHTS
(Dollars in thousands except per share amounts)                   At or For the Three Months Ended At or For the Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026 2026 2025 2026 2025 Per Share Data:                Reported EPS (Diluted) $0.75 $0.75 $0.64 $1.49 $1.09 Cash dividends paid per common share  0.25  0.25  0.25  0.50  0.50 Book value per common share  31.79  31.33  29.95  31.79  29.95 Tangible common book value per share(1)  28.21  27.73  26.32  28.21  26.32 Common shares outstanding  44,158  44,057  43,889  44,158  43,889 Dividend payout ratio  33.33% 33.33% 39.06% 33.56% 45.87%                 Performance Ratios (Based upon Reported Net Income):                Return on average assets  0.94% 0.92% 0.85% 0.93% 0.74%Return on average equity  9.15  9.20  8.28  9.17  7.16 Return on average tangible common equity(1)  10.62  10.72  9.68  10.67  8.30 Net interest margin  3.28  3.21  2.98  3.24  2.96 Non-interest expense to average assets  1.74  1.68  1.72  1.71  1.81 Efficiency ratio  51.2  50.8  55.0  51.0  58.9 Effective tax rate  27.28  28.74  26.08  28.02  25.73                  Balance Sheet Data:                Average assets $14,862,346 $14,981,498 $14,013,592 $14,921,593 $13,896,281 Average interest-earning assets  14,086,464  14,202,286  13,195,116  14,144,055  13,079,859 Average tangible common equity(1)  1,247,394  1,228,003  1,158,738  1,237,751  1,152,361 Loan-to-deposit ratio at end of period(2)  84.4% 84.2% 92.6% 84.4% 92.6%                 Capital Ratios and Reserves - Consolidated:                Tangible common equity to tangible assets(1) (3)  8.37% 8.23% 8.22%      Tangible equity to tangible assets(1) (3)  9.15  9.02  9.05       Tier 1 common equity ratio(3)  11.99  11.87  11.25       Tier 1 risk-based capital ratio(3)  13.09  12.97  12.34       Total risk-based capital ratio(3)  16.30  16.17  15.84       Tier 1 leverage ratio(3)  9.46  9.24  9.43       Consolidated CRE concentration ratio(3)(4)  352  371  425       Allowance for credit losses/ Total loans  0.98  0.95  0.86       Allowance for credit losses/ Non-performing loans held for investment  157.09  176.20  175.12        (1)See "Non-GAAP Reconciliation" tables for reconciliation of tangible equity, tangible common equity, and tangible assets.(2)Total deposits include mortgage escrow deposits, which fluctuate seasonally.(3)June 30, 2026 ratios are preliminary pending completion and filing of the Company’s regulatory reports.(4)The Consolidated CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner-occupied commercial real estate, multifamily, and acquisition, development, and construction, divided by consolidated capital. The June 30, 2026 ratio is preliminary pending completion and filing of the Company’s regulatory reports. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME
(Dollars in thousands)                            Three Months Ended   June 30, 2026 March 31, 2026 June 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 $3,489,614 $56,520 6.50%$3,274,659 $52,406 6.49%$2,798,899 $46,593 6.68%One-to-four family residential and coop/condo apartment  1,064,043  12,588 4.75  1,041,802  12,383 4.82  981,138  11,532 4.71 Multifamily residential and residential mixed-use  3,195,372  35,930 4.51  3,363,792  37,698 4.55  3,740,939  42,462 4.55 Non-owner-occupied commercial real estate  2,815,624  37,117 5.29  2,910,973  37,497 5.22  3,175,062  41,822 5.28 Acquisition, development, and construction  90,738  1,711 7.56  106,808  2,079 7.89  136,154  3,009 8.86 Other loans  8,580  26 1.22  8,329  27 1.31  7,135  30 1.69 Total loans  10,663,971  143,892 5.41  10,706,363  142,090 5.38  10,839,327  145,448 5.38 Securities  1,582,300  14,518 3.68  1,451,425  12,788 3.57  1,361,383  11,353 3.34 Other short-term investments  1,840,193  16,840 3.67  2,044,498  18,522 3.67  994,406  10,749 4.34 Total interest-earning assets  14,086,464  175,250 4.99% 14,202,286  173,400 4.95% 13,195,116  167,550 5.09%Non-interest-earning assets  775,882       779,212       818,476      Total assets $14,862,346      $14,981,498      $14,013,592                                Liabilities and Stockholders' Equity:                         Interest-bearing liabilities:                         Interest-bearing checking(1) $1,040,981 $4,058 1.56%$1,133,722 $4,793 1.71%$943,716 $4,141 1.76%Money market  4,796,008  30,049 2.51  4,761,610  28,801 2.45  4,174,694  32,818 3.15 Savings(1)  1,684,130  9,826 2.34  1,742,334  10,042 2.34  1,925,224  14,048 2.93 Certificates of deposit  1,075,789  8,238 3.07  1,105,241  8,728 3.20  1,075,729  9,174 3.42 Total interest-bearing deposits  8,596,908  52,171 2.43  8,742,907  52,364 2.43  8,119,363  60,181 2.97 FHLBNY advances  418,517  3,541 3.39  479,534  3,850 3.26  508,000  4,053 3.20 Subordinated debt, net  231,102  3,810 6.61  271,596  4,449 6.64  272,385  4,301 6.33 Other short-term borrowings  —  — —  122  1 3.32  —  — — Total borrowings  649,619  7,351 4.54  751,252  8,300 4.48  780,385  8,354 4.29 Derivative cash collateral  62,134  542 3.50  52,708  485 3.73  79,188  918 4.65 Total interest-bearing liabilities  9,308,661  60,064 2.59% 9,546,867  61,149 2.60% 8,978,936  69,453 3.10%Non-interest-bearing checking(1)  3,864,575       3,747,722       3,412,215      Other non-interest-bearing liabilities  166,688       183,678       187,774      Total liabilities  13,339,924       13,478,267       12,578,925      Stockholders' equity  1,522,422       1,503,231       1,434,667      Total liabilities and stockholders' equity $14,862,346      $14,981,498      $14,013,592      Net interest income    $115,186      $112,251      $98,097   Net interest rate spread       2.40%      2.35%      1.99%Net interest margin       3.28%      3.21%      2.98%Deposits (including non-interest-bearing checking accounts)(1) $12,461,483 $52,171 1.68%$12,490,629 $52,364 1.70%$11,531,578 $60,181 2.09% (1)Includes mortgage escrow deposits. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS
(Dollars in thousands)            At or For the Three Months Ended  June 30, March 31, June 30,Asset Quality Detail 2026  2026  2025 Non-performing loans held for investment ("NPLs")         Business loans $23,898  $24,257  $18,007 One-to-four family residential and coop/condo apartment  4,465   4,088   1,642 Multifamily residential and residential mixed-use  26,893   —   — Non-owner-occupied commercial real estate  11,151   28,368   32,908 Acquisition, development, and construction  412   412   657 Other loans  —   11   — Non-accrual loans held for investment $66,819  $57,136  $53,214 Non-accrual loans held for investment / Total loans held for investment  0.62%  0.54%  0.49%          Non-accrual loans held for sale $1,750  $38,000  $— Total non-accrual loans $68,569  $95,136  $53,214 Total non-accrual loans/ Total loans  0.64%  0.89%  0.49%          Total non-performing assets ("NPAs")(1) $69,019  $95,586  $53,214           Total loans 90 days delinquent and accruing ("90+ Delinquent") $—  $—  $—           NPAs and 90+ Delinquent $69,019  $95,586  $53,214           NPAs and 90+ Delinquent / Total assets  0.46%  0.64%  0.37%          Net loan charge-offs ("NCOs") $9,662  $8,574  $5,405 NCOs / Average loans(2)  0.36%  0.32%  0.20% (1)June 30, 2026 and March 31, 2026 balances include one non-performing available-for-sale security in the amount of $450 thousand.(2)Calculated based on annualized NCOs to average loans. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION
(Dollars in thousands except per share amounts)

The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provides investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.

The following non-GAAP financial measures exclude pre-tax income and expenses associated with the fair value change in equity securities and loans held for sale, loss (gain) on sale of securities, loans and other assets, severance, net loss (gain) on extinguishment of debt and loss due to pension settlement.

                   Three Months Ended Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026  2026  2025  2026  2025  Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders                Reported net income available to common stockholders $32,993  $32,760  $27,876  $65,753  $47,512  Adjustments to net income(1):                Fair value change in equity securities and loans held for sale  (38)  38   (83)  —   (101) Loss (gain) on sale of securities, loans and other assets  2,000   320   (72)  2,320   (72) Severance  454   102   136   556   212  Net loss (gain) on extinguishment of debt  2   (974)  —   (972)  —  Loss due to pension settlement  —   —   —   —   7,231  Income tax effect of adjustments noted above(1)  (748)  159   6   (589)  (2,231) Adjusted net income available to common stockholders (non-GAAP) $34,663  $32,405  $27,863  $67,068  $52,551                   Adjusted Ratios (Based upon Adjusted (non-GAAP) Net Income as calculated above)                Adjusted EPS (Diluted) $0.79  $0.74  $0.64  $1.52  $1.20  Adjusted return on average assets  0.98 % 0.91 % 0.85 % 0.95 % 0.81 %Adjusted return on average equity  9.59   9.11   8.28   9.35   7.87  Adjusted return on average tangible common equity  11.16   10.60   9.67   10.88   9.18  Adjusted non-interest expense to average assets  1.72   1.69   1.71   1.71   1.70  Adjusted efficiency ratio  49.9   51.2   54.7   50.5   55.2   (1)Adjustments to net income are taxed at the Company's approximate statutory tax rate.   The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):

                  Three Months Ended  Six Months Ended  June 30,  March 31,  June 30,  June 30,  June 30,   2026   2026   2025   2026   2025  Operating expense as a % of average assets - as reported 1.74 % 1.68 % 1.72 % 1.71 % 1.81 %Severance (0.01)  —   —   (0.01)  —  Net loss (gain) on extinguishment of debt —   0.02   —   0.01   —  Loss due to pension settlement —   —   —   —   (0.10) Amortization of other intangible assets (0.01)  (0.01)  (0.01)  —   (0.01) Adjusted operating expense as a % of average assets (non-GAAP) 1.72 % 1.69 % 1.71 % 1.71 % 1.70 %                      The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):

                   Three Months Ended Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026  2026  2025  2026  2025  Efficiency ratio - as reported (non-GAAP)(1)  51.2 % 50.8 % 55.0 % 51.0 % 58.9 %Non-interest expense - as reported $64,701  $62,756  $60,299  $127,457  $125,810  Severance  (454)  (102)  (136)  (556)  (212) Net (loss) gain on extinguishment of debt  (2)  974   —   972   —  Loss due to pension settlement  —   —   —   —   (7,231) Amortization of other intangible assets  (195)  (209)  (235)  (404)  (487) Adjusted non-interest expense (non-GAAP) $64,050  $63,419  $59,928  $127,469  $117,880  Net interest income - as reported $115,186  $112,251  $98,097  $227,437  $192,310  Non-interest income - as reported $11,266  $11,346  $11,595  $22,612  $21,228  Fair value change in equity securities and loans held for sale  (38)  38   (83)  —   (101) Loss (gain) on sale of securities, loans and other assets  2,000   320   (72)  2,320   (72) Adjusted non-interest income (non-GAAP) $13,228  $11,704  $11,440  $24,932  $21,055  Adjusted total revenues for adjusted efficiency ratio (non-GAAP) $128,414  $123,955  $109,537  $252,369  $213,365  Adjusted efficiency ratio (non-GAAP)(2)  49.9 % 51.2 % 54.7 % 50.5 % 55.2 % (1)The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.(2)The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income.   The following table presents a reconciliation of pre-tax pre provision net revenue (non-GAAP) and adjusted pre-tax pre-provision net revenue (non-GAAP):

                  Three Months Ended Six Months Ended  June 30, March 31, June 30, June 30, June 30,  2026 2026 2025 2026 2025Financial Data:               Net interest income $115,186 $112,251 $98,097 $227,437 $192,310Non-interest income  11,266  11,346  11,595  22,612  21,228Total revenue  126,452  123,597  109,692  250,049  213,538Non-interest expense  64,701  62,756  60,299  127,457  125,810Pre-tax pre-provision net revenue (non-GAAP)(1) $61,751 $60,841 $49,393 $122,592 $87,728Adjusted pre-tax pre-provision net revenue (non-GAAP)(2) $64,364 $60,536 $49,609 $124,900 $95,485 (1)The reported pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and GAAP non-interest income less GAAP non-interest expense.(2)The adjusted pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and the adjusted non-interest income less the adjusted non-interest expense as shown in the reconciliation of efficiency ratio table above.   The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):

             June 30, March 31, June 30,   2026  2026  2025  Reconciliation of Tangible Assets:          Total assets $15,042,953  $14,999,503  $14,207,935  Goodwill  (155,797)  (155,797)  (155,797) Other intangible assets  (2,534)  (2,729)  (3,409) Tangible assets (non-GAAP) $14,884,622  $14,840,977  $14,048,729             Reconciliation of Tangible Common Equity - Consolidated:          Total stockholders' equity $1,520,456  $1,496,970  $1,431,006  Goodwill  (155,797)  (155,797)  (155,797) Other intangible assets  (2,534)  (2,729)  (3,409) Tangible equity (non-GAAP)  1,362,125   1,338,444   1,271,800  Preferred stock, net  (116,569)  (116,569)  (116,569) Tangible common equity (non-GAAP) $1,245,556  $1,221,875  $1,155,231             Common shares outstanding  44,158   44,057   43,889             Tangible common equity to tangible assets (non-GAAP)  8.37 % 8.23 % 8.22 %Tangible equity to tangible assets (non-GAAP)  9.15   9.02   9.05             Book value per common share $31.79  $31.33  $29.95  Tangible common book value per share (non-GAAP)  28.21   27.73   26.32  

June 29, 2026 16:30 ET  | Source: Dime Commercial Bancshares, Inc.

HAUPPAUGE, N.Y., June 29, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (the “Company” or “Dime”) (NYSE: DCOM), announced today that it continued to support the annual fundraising event Sunrise Walk-A-Thon that benefits children with cancer and their siblings who attend Sunrise Day Camp.

ABOUT DIME COMMERCIAL BANCSHARES, INC.
Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island(1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

June 16, 2026 17:03 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., June 16, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (the “Company” or “Dime”) (NYSE: DCOM), the parent company of Dime Commercial Bank (the “Bank”), announced that Kroll Bond Rating Agency (“KBRA”), in a report dated June 16, 2026, issued a “Positive” ratings Outlook for Dime.

KBRA affirmed the deposit and senior unsecured debt ratings of BBB+ for Dime Commercial Bank.

According to the KBRA report, the ratings and “Positive” Outlook reflects management's successful execution of its operating strategies, notably its deposit gathering and loan portfolio diversification initiatives. These efforts have contributed to stronger earnings, improved capital and reserve levels, and a meaningfully lower investor CRE concentration. Funding and liquidity are notable strengths. The successful execution of the deposit-focused team strategy has generated more than $3 billion of core deposits since 2023, which allowed management to largely eliminate noncore funding sources and materially enhance on balance sheet liquidity.

Stuart H. Lubow, President and Chief Executive Officer, stated, “As we continue to execute on our growth plan, we are pleased to receive a Positive ratings Outlook from Kroll.”

ABOUT DIME COMMERCIAL BANCSHARES, INC.

Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

April 17, 2026 14:30 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N. Y., April 17, 2026 (GLOBE NEWSWIRE) -- Dime (NYSE: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended March 31, 2026, before the open of the U.S. equity markets on Thursday, April 23, 2026. The Company will conduct a conference call at 9:00 a.m. (ET) on Thursday, April 23, 2026, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company’s first quarter financial performance. There will be a question-and-answer period after the CEO remarks.

Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone, please register in advance using this Registration Link. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

A replay of the conference call and webcast will be available on-demand which will be available for 12 months.

ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

April 20, 2026 17:33 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., April 20, 2026 (GLOBE NEWSWIRE) -- Dime announced today it is partnering with GreenPath Financial Wellness to offer financial counseling to individuals and families.

GreenPath Financial Wellness is a leading national nonprofit organization in service for more than sixty years, providing access to free, one-on-one financial counseling, debt management services, and financial education resources.

ABOUT DIME
Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

Strong Year-Over-Year Core Deposit and Business Loan Growth

Significant New Hires As Part of Growth and Diversification Strategy

HAUPPAUGE, N.Y., April 23, 2026 (GLOBE NEWSWIRE) -- Dime (NYSE: DCOM) today reported net income available to common stockholders of $32.8 million for the quarter ended March 31, 2026, or $0.75 per diluted common share, compared to net income available to common stockholders of $30.0 million, or $0.68 per diluted common share, for the quarter ended December 31, 2025 and net income available to common stockholders of $19.6 million for the quarter ended March 31, 2025, or $0.45 per diluted common share.

Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Dime continues to execute on our growth plan and take market share. First quarter results were marked by notable progress in diversifying our balance sheet and net interest margin expansion. We are capitalizing on the target-rich environment to hire talented individuals and as outlined below, we have had a very active start to the year from a recruiting standpoint. Finally, we are looking forward to our re-brand to “Dime Commercial Bank” in the second quarter.”

Recruiting Update

During 2026, we hired the following individuals:

Meyer Eichler as Executive Vice President, Managing Executive Director, and Cora Licht as Senior Vice President, Managing Director. They were previously with Flagstar Bank and prior to that Signature Bank;John Paglia and John Spagnuolo as Group Directors. They were previously with Flagstar Bank and prior to that Signature Bank;Toni Valente as a Regional Manager. Ms. Valente was previously with The First National Bank of Long Island;Michael Ragusa as a Senior Relationship Manager for the Lakewood, NJ market. Mr. Ragusa was previously with Metropolitan Commercial Bank;Olivia Dossman as Private Banking Manager for the new Lakewood location. Ms. Dossman was previously with Flagstar; andKeith Smith as SVP, Head of Equipment and Franchise Finance. Mr. Smith was previously with Star Hill Financial. Highlights for the First Quarter of 2026 included:

Total deposits increased $983.1 million on a year-over-year basis;Core deposits (excluding brokered and time deposits) increased $999.3 million on a year-over-year basis;Average non-interest-bearing deposits to average total deposits for the first quarter were 30.0%;Business loans grew $123.8 million on a linked quarter basis and $575.6 million on a year-over-year basis;The net interest margin increased to 3.21% for the first quarter of 2026 compared to 3.11% for the prior quarter;The efficiency ratio decreased to 50.8% for the first quarter of 2026 compared to 52.6% for the prior quarter;The Company’s Tier 1 Common Equity Ratio increased to 11.87% at the end of the first quarter; andThe Company’s Consolidated CRE Concentration ratio was proactively managed lower to 371%. Management’s Discussion of Quarterly Operating Results

Net Interest Income

Net interest income for the first quarter of 2026 was $112.3 million compared to $112.3 million for the fourth quarter of 2025 and $94.2 million for the first quarter of 2025. The Net Interest Margin for the first quarter of 2026 was 3.21% compared to 3.11% for the fourth quarter of 2025 and 2.95% for the first quarter of 2025.

Mr. Lubow commented, “We continue to have a significant loan repricing opportunity that we anticipate will continue through 2027. Additionally, growth in core deposits and business loans will benefit us over time as we continue to grow our customer base and hire productive bankers. Our substantial liquidity position, which includes $2.1 billion of cash, provides us with the flexibility to take advantage of lending opportunities as they arise."

Loan Portfolio

The ending weighted average rate (“WAR”) on the total loan portfolio was 5.28% at March 31, 2026, a one-basis point increase compared to the ending WAR of 5.27% on the total loan portfolio at December 31, 2025.

Outlined below are loan balances and WARs for the quarter ended as indicated.

  March 31, 2026 December 31, 2025 March 31, 2025 (Dollars in thousands) Balance WAR(1) Balance WAR(1) Balance WAR(1) Loans held for investment balances at period end:                Business loans(2) $3,364,435 6.28%$3,240,600 6.32%$2,788,848 6.55%One-to-four family residential and coop/condo apartment  1,047,920 4.97  1,035,983 4.94  961,562 4.77 Multifamily residential and residential mixed-use(3)(4)  3,249,582 4.47  3,424,565 4.46  3,780,078 4.46 Non-owner-occupied commercial real estate  2,840,817 5.05  2,933,287 5.07  3,191,536 5.07 Acquisition, development, and construction  100,574 7.41  117,215 7.51  140,309 7.96 Other loans  9,597 11.53  6,558 11.09  6,402 10.39 Loans held for investment $10,612,925 5.28%$10,758,208 5.27%$10,868,735 5.25% ________________________________
(1)  WAR is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total balance of loans in the category.
(2)  Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and Paycheck Protection Program (“PPP”) loans.
(3)  Includes loans underlying multifamily cooperatives.
(4)  While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.

Outlined below are the loan originations, for the quarter ended as indicated.

(Dollars in millions) Q1 2026 Q4 2025 Q1 2025Originations Excluding New Lines of Credit $220.4 $225.3 $77.9Originations Including New Lines of Credit  500.1  467.2  126.4
Deposits and Borrowed Funds

Period end total deposits (including mortgage escrow deposits) at March 31, 2026 were $12.60 billion, compared to $12.84 billion at December 31, 2025 and $11.61 billion at March 31, 2025.

Brokered deposits were $215.0 million at March 31, 2026, compared to $200.0 million at December 31, 2025 and $285.6 million at March 31, 2025. Total Federal Home Loan Bank advances were $435.0 million at March 31, 2026, compared to $508.0 million at December 31, 2025 and $508.0 million at March 31, 2025.

The Company redeemed at par on March 30, 2026 all of its outstanding $40,000,000 principal amount of Fixed/Floating Subordinated Debentures due 2030.

Non-Interest Income

Non-interest income was $11.3 million during the first quarter of 2026, $11.5 million during the fourth quarter of 2025, and $9.6 million during the first quarter of 2025. Excluding the loss on sale of other assets, non-interest income was $11.7 million during the first quarter of 2026 and $11.6 million during the fourth quarter of 2025.

Non-Interest Expense

Total non-interest expense was $62.8 million during the first quarter of 2026, $65.1 million during the fourth quarter of 2025, and $65.5 million during the first quarter of 2025. Excluding the impact of the net gain on extinguishment of debt, amortization of other intangible assets, severance expense and settlement loss related to the termination of a legacy pension plan, adjusted non-interest expense was $63.4 million during the first quarter of 2026, $62.3 million during the fourth quarter of 2025, and $58.0 million during the first quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The ratio of non-interest expense to average assets was 1.68% during the first quarter of 2026, compared to 1.72% during the linked quarter and 1.90% during the first quarter of 2025. Excluding the impact of the net gain on extinguishment of debt, amortization of other intangible assets, severance expense, and settlement loss related to the termination of a legacy pension plan, the ratio of adjusted non-interest expense to average assets was 1.69% during the first quarter of 2026, 1.65% during the fourth quarter of 2025, and 1.68% during the first quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The efficiency ratio was 50.8% during the first quarter of 2026, compared to 52.6% during the linked quarter and 63.1% during the first quarter of 2025. Excluding the impact of loss on sale of securities and other assets, fair value change in equity securities and loans held for sale, severance expense, settlement loss related to the termination of a legacy pension plan, net gain on extinguishment of debt, and amortization of other intangible assets, the adjusted efficiency ratio was 51.2% during the first quarter of 2026, compared to 50.3% during the linked quarter and 55.8% during the first quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Income Tax Expense

Income tax expense was $13.9 million during the first quarter of 2026, $16.0 million during the fourth quarter of 2025, and $7.3 million during the first quarter of 2025. The effective tax rate for the first quarter was 28.7%. The fourth quarter of 2025 included $2.7 million of net expense from discrete items related to an uncertain tax position and a deferred tax item from prior tax years. Excluding the tax impact of the discrete items noted above, the effective tax rate for the fourth quarter of 2025 was 27.8%.

Credit Quality

Non-performing loans held for investment were $57.1 million at March 31, 2026, compared to $52.3 million at December 31, 2025 and $58.0 million at March 31, 2025.

A credit loss provision of $12.3 million was recorded during the first quarter of 2026, compared to a credit loss provision of $10.9 million during the fourth quarter of 2025, and $9.6 million during the first quarter of 2025.

Capital Management

Stockholders’ equity increased $21.2 million to $1.50 billion at March 31, 2026, compared to $1.48 billion at December 31, 2025.

The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of March 31, 2026.

Dividends per common share were $0.25 during the first quarter of 2026 and $0.25 for the fourth quarter of 2025.

Book value per common share was $31.33 at March 31, 2026 compared to $30.99 at December 31, 2025.

Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was $27.73 at March 31, 2026 compared to $27.37 at December 31, 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Earnings Call Information

The Company will conduct a conference call at 9:00 a.m. (ET) on Thursday, April 23, 2026, during which CEO Lubow will discuss the Company’s first quarter 2026 financial performance, with a question-and-answer session to follow.

Participants may access the conference call via webcast using this link: https://edge.media-server.com/mmc/p/ixtnttmf. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BI46d1da305a034705bb7dd06f3a600dfa. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

A replay of the conference call and webcast will be available on-demand for 12 months at https://edge.media-server.com/mmc/p/ixtnttmf.

ABOUT DIME
Dime is a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

(1)  Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as “annualized," “anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions.

Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may affect demand for our products and reduce interest margins and the value of our investments; changes in government monetary or fiscal policies and actions may adversely affect our customers, cost of credit and overall result of operations; changes in deposit flows, the cost of funds, loan demand or real estate values may adversely affect the business of the Company; changes in the quality and composition of the Company’s loan or investment portfolios or unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general socio-economic conditions, public health emergencies, international conflict, inflation, tariffs, and recessionary pressures, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates and may adversely affect our customers, our financial results and our operations; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; there may be difficulties or unanticipated expense incurred in the consummation of new business initiatives or the integration of any acquired entities; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and updates set forth in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

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

 DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In thousands)   March 31, December 31, March 31,  2026  2025  2025 Assets:         Cash and due from banks $2,059,618  $2,353,966  $1,030,702 Securities available-for-sale, at fair value  838,219   797,935   710,579 Securities held-to-maturity  647,842   618,901   631,334 Loans held for sale  38,225   1,989   2,527 Loans held for investment, net:         Business loans(1)  3,364,435   3,240,600   2,788,848 One-to-four family residential and coop/condo apartment  1,047,920   1,035,983   961,562 Multifamily residential and residential mixed-use(2)(3)  3,249,582   3,424,565   3,780,078 Non-owner-occupied commercial real estate  2,840,817   2,933,287   3,191,536 Acquisition, development and construction  100,574   117,215   140,309 Other loans  9,597   6,558   6,402 Allowance for credit losses  (100,673)  (97,372)  (90,455)Total loans held for investment, net  10,512,252   10,660,836   10,778,280 Premises and fixed assets, net  30,580   31,255   33,650 Restricted stock  63,659   67,197   66,987 BOLI  404,657   401,163   389,167 Goodwill  155,797   155,797   155,797 Other intangible assets  2,729   2,938   3,644 Operating lease assets  39,551   42,876   45,657 Derivative assets  70,811   76,315   98,740 Accrued interest receivable  57,690   55,572   56,044 Other assets  77,873   74,891   94,574 Total assets $14,999,503  $15,341,631  $14,097,682 Liabilities:         Non-interest-bearing checking (excluding mortgage escrow deposits) $3,777,787  $3,915,081  $3,245,409 Interest-bearing checking  1,066,620   1,178,281   950,090 Savings (excluding mortgage escrow deposits)  1,701,899   1,777,143   1,939,852 Money market  4,874,544   4,806,572   4,271,363 Certificates of deposit  1,089,893   1,117,118   1,121,068 Deposits (excluding mortgage escrow deposits)  12,510,743   12,794,195   11,527,782 Non-interest-bearing mortgage escrow deposits  88,267   47,051   88,138 Interest-bearing mortgage escrow deposits  —   —   4 Total mortgage escrow deposits  88,267   47,051   88,142 Total deposits (including mortgage escrow deposits)  12,599,010   12,841,246   11,615,924 FHLBNY advances  435,000   508,000   508,000 Subordinated debt, net  231,058   272,503   272,370 Derivative cash collateral  57,630   52,400   85,230 Operating lease liabilities  42,431   45,729   48,432 Derivative liabilities  69,305   73,573   92,516 Other liabilities  68,099   72,411   63,197 Total liabilities  13,502,533   13,865,862   12,685,669 Stockholders' equity:         Preferred stock, Series A  116,569   116,569   116,569 Common stock  462   462   461 Additional paid-in capital  622,415   623,041   623,305 Retained earnings  876,133   854,167   803,202 Accumulated other comprehensive loss ("AOCI"), net of deferred taxes  (33,019)  (31,468)  (39,045)Unearned equity awards  (15,803)  (8,661)  (12,909)Treasury stock, at cost  (69,787)  (78,341)  (79,570)Total stockholders' equity  1,496,970   1,475,769   1,412,013 Total liabilities and stockholders' equity $14,999,503  $15,341,631  $14,097,682  ________________________________
(1)  Business loans include commercial and industrial loans, owner-occupied commercial real estate loans and PPP loans.
(2)  Includes loans underlying multifamily cooperatives.
(3)  While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands except share and per share amounts)
    Three Months Ended   March 31, December 31, March 31,  2026  2025  2025Interest income:          Loans $142,090  $147,143  $142,705 Securities  12,788   11,354   11,323 Other short-term investments  18,522   21,987   7,837 Total interest income  173,400   180,484   161,865 Interest expense:          Deposits and escrow  52,364   58,926   58,074 Borrowed funds  8,300   8,718   8,381 Derivative cash collateral  485   551   1,197 Total interest expense  61,149   68,195   67,652 Net interest income  112,251   112,289   94,213 Provision for credit losses  12,313   10,889   9,626 Net interest income after provision  99,938   101,400   84,587 Non-interest income:          Service charges and other fees  5,730   5,413   4,643 Title fees  142   317   98 Loan level derivative income  472   285   61 BOLI income  4,558   4,259   3,993 Gain on sale of Small Business Administration ("SBA") loans  —   487   82 Gain on sale of residential loans  72   75   32 Fair value change in equity securities and loans held for sale  (38)  48   18 Net gain (loss) on securities  —   —   — Loss on sale of other assets  (320)  (111)  — Other  730   721   706 Total non-interest income  11,346   11,494   9,633 Non-interest expense:          Salaries and employee benefits  39,593   40,769   35,651 Severance  102   2,493   76 Occupancy and equipment  8,209   8,059   8,002 Data processing costs  5,423   4,868   4,794 Marketing  2,025   2,038   1,666 Professional services  1,909   1,381   2,116 Federal deposit insurance premiums  1,266   1,791   2,047 Net gain on extinguishment of debt  (974)  —   — Loss due to pension settlement  —   —   7,231 Amortization of other intangible assets  209   235   252 Other  4,994   3,434   3,676 Total non-interest expense  62,756   65,068   65,511 Income before taxes  48,528   47,826   28,709 Income tax expense  13,946   15,970   7,251 Net income  34,582   31,856   21,458 Preferred stock dividends  1,822   1,821   1,822 Net income available to common stockholders $32,760  $30,035  $19,636   DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED COMMON SHARE DATA
(Dollars in thousands except per share amounts)   Three Months EndedGAAP March 31,
2026 December 31,
2025 March 31,
2025Net income available to common stockholders $32,760  $30,035  $19,636 Less: Dividends paid and earnings allocated to participating securities  (593)  (568)  (314)Income attributable to common stock - Basic and Diluted $32,167  $29,467  $19,322           Weighted-average common shares outstanding  43,109,118   43,023,248   42,948,690           Basic and diluted earnings per share ("EPS")(1) $0.75  $0.68  $0.45           Non-GAAP      Adjusted net income available to common stockholders(2) $32,405  $34,495  $24,688 Less: Dividends paid and earnings allocated to participating securities  (586)  (651)  (395)Adjusted income attributable to common stock - Basic and Diluted $31,819  $33,844  $24,293           Weighted-average common shares outstanding  43,109,118   43,023,248   42,948,690           Adjusted basic and diluted EPS(3) $0.74  $0.79  $0.57  ________________________________
(1)  The earnings per share is calculated by dividing income attributable to common stock by weighted-average common shares outstanding.
(2)  See "Non-GAAP Reconciliation" tables for reconciliation of reported and adjusted (non-GAAP) net income available to common stockholders.
(3)  The adjusted earnings per share is calculated by dividing adjusted income attributable to common stock by weighted-average common shares outstanding.

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SELECTED FINANCIAL HIGHLIGHTS
(Dollars in thousands except per share amounts)   At or For the Three Months Ended   March 31, December 31, March 31,   2026 2025 2025 Per Share Data:          Reported EPS (Diluted) $0.75 $0.68 $0.45 Cash dividends paid per common share  0.25  0.25  0.25 Book value per common share  31.33  30.99  29.58 Tangible common book value per share(1)  27.73  27.37  25.94 Common shares outstanding  44,057  43,862  43,799 Dividend payout ratio  33.33% 36.76% 55.56%           Performance Ratios (Based upon Reported Net Income):          Return on average assets  0.92% 0.84% 0.62%Return on average equity  9.20  8.60  6.04 Return on average tangible common equity(1)  10.72  10.01  6.92 Net interest margin  3.21  3.11  2.95 Non-interest expense to average assets  1.68  1.72  1.90 Efficiency ratio  50.8  52.6  63.1 Effective tax rate  28.74  33.39  25.26            Balance Sheet Data:          Average assets $14,981,498 $15,106,328 $13,777,665 Average interest-earning assets  14,202,286  14,325,493  12,963,320 Average tangible common equity(1)  1,228,003  1,206,522  1,145,915 Loan-to-deposit ratio at end of period(2)  84.2% 83.8% 93.6%           Capital Ratios and Reserves - Consolidated:          Tangible common equity to tangible assets(1) (3)  8.23% 7.91% 8.15%Tangible equity to tangible assets(1) (3)  9.02  8.67  8.99 Tier 1 common equity ratio(3)  11.87  11.66  11.11 Tier 1 risk-based capital ratio(3)  12.97  12.76  12.21 Total risk-based capital ratio(3)  16.17  16.23  15.68 Tier 1 leverage ratio(3)  9.24  9.01  9.46 Consolidated CRE concentration ratio(3)(4)  371  387  442 Allowance for credit losses/ Total loans  0.95  0.91  0.83 Allowance for credit losses/ Non-performing loans held for investment  176.20  186.14  155.85  ________________________________
(1)  See "Non-GAAP Reconciliation" tables for reconciliation of tangible equity, tangible common equity, and tangible assets.
(2)  Total deposits include mortgage escrow deposits, which fluctuate seasonally.
(3)  March 31, 2026 ratios are preliminary pending completion and filing of the Company’s regulatory reports.
(4)  The Consolidated CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner-occupied commercial real estate, multifamily, and acquisition, development, and construction, divided by consolidated capital. The March 31, 2026 ratio is preliminary pending completion and filing of the Company’s regulatory reports.

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME
(Dollars in thousands)   Three Months Ended   March 31, 2026 December 31, 2025 March 31, 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 $3,274,659 $52,406 6.49%$3,150,711 $53,339 6.72%$2,748,142 $45,047 6.65%One-to-four family residential and coop/condo apartment  1,041,802  12,383 4.82  1,038,020  12,381 4.73  962,046  11,069 4.67 Multifamily residential and residential mixed-use  3,363,792  37,698 4.55  3,459,918  39,459 4.52  3,796,754  42,329 4.52 Non-owner-occupied commercial real estate  2,910,973  37,497 5.22  2,959,801  39,153 5.25  3,214,758  41,326 5.21 Acquisition, development, and construction  106,808  2,079 7.89  130,805  2,783 8.44  138,428  2,906 8.51 Other loans  8,329  27 1.31  6,939  28 1.60  5,740  28 1.98 Total loans  10,706,363  142,090 5.38  10,746,194  147,143 5.43  10,865,868  142,705 5.33 Securities  1,451,425  12,788 3.57  1,351,926  11,354 3.33  1,372,563  11,323 3.35 Other short-term investments  2,044,498  18,522 3.67  2,227,373  21,987 3.92  724,889  7,837 4.38 Total interest-earning assets  14,202,286  173,400 4.95% 14,325,493  180,484 5.00% 12,963,320  161,865 5.06%Non-interest-earning assets  779,212       780,835       814,345      Total assets $14,981,498      $15,106,328      $13,777,665                                Liabilities and Stockholders' Equity:                         Interest-bearing liabilities:                         Interest-bearing checking(1) $1,133,722 $4,793 1.71%$1,237,657 $6,377 2.04%$912,852 $4,164 1.85%Money market  4,761,610  28,801 2.45  4,640,344  31,752 2.71  4,076,612  31,294 3.11 Savings(1)  1,742,334  10,042 2.34  1,766,787  11,387 2.56  1,970,338  14,185 2.92 Certificates of deposit  1,105,241  8,728 3.20  1,123,240  9,410 3.32  973,108  8,431 3.51 Total interest-bearing deposits  8,742,907  52,364 2.43  8,768,028  58,926 2.67  7,932,910  58,074 2.97 FHLBNY advances  479,534  3,850 3.26  508,000  4,194 3.28  509,111  4,066 3.24 Subordinated debt, net  271,596  4,449 6.64  272,474  4,523 6.59  272,341  4,302 6.41 Other short-term borrowings  122  1 3.32  130  1 3.05  633  13 8.33 Total borrowings  751,252  8,300 4.48  780,604  8,718 4.43  782,085  8,381 4.35 Derivative cash collateral  52,708  485 3.73  52,982  551 4.13  104,126  1,197 4.66 Total interest-bearing liabilities  9,546,867  61,149 2.60% 9,601,614  68,195 2.82% 8,819,121  67,652 3.11%Non-interest-bearing checking(1)  3,747,722       3,839,434       3,322,583      Other non-interest-bearing liabilities  183,678       183,300       213,876      Total liabilities  13,478,267       13,624,348       12,355,580      Stockholders' equity  1,503,231       1,481,980       1,422,085      Total liabilities and stockholders' equity $14,981,498      $15,106,328      $13,777,665      Net interest income    $112,251      $112,289      $94,213   Net interest rate spread       2.35%      2.18%      1.95%Net interest margin       3.21%      3.11%      2.95%Deposits (including non-interest-bearing checking accounts)(1) $12,490,629 $52,364 1.70%$12,607,462 $58,926 1.85%$11,255,493 $58,074 2.09% ________________________________
(1)  Includes mortgage escrow deposits.

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS
(Dollars in thousands)   At or For the Three Months Ended  March 31, December 31, March 31,Asset Quality Detail 2026 2025 2025Non-performing loans held for investment ("NPLs")         Business loans $24,257  $22,606  $21,944 One-to-four family residential and coop/condo apartment  4,088   3,623   3,763 Multifamily residential and residential mixed-use  —   —   — Non-owner-occupied commercial real estate  28,368   25,671   31,677 Acquisition, development, and construction  412   412   657 Other loans  11   —   — Total non-accrual loans held for investment $57,136  $52,312  $58,041           Non-performing loans held for investment / Total loans held for investment  0.54%  0.49%  0.53%          Total non-accrual loans held for sale $38,000 (1)$—  $— Total non-performing assets ("NPAs")(2) $95,586  $52,762  $58,041           Total loans 90 days delinquent and accruing ("90+ Delinquent") $—  $—  $—           NPAs and 90+ Delinquent $95,586  $52,762  $58,041           NPAs and 90+ Delinquent / Total assets  0.64%  0.34%  0.41%          Net loan charge-offs ("NCOs") $8,574  $7,271  $7,058 NCOs / Average loans(3)  0.32%  0.27%  0.26% ________________________________
(1)  The Company completed the sale of all of these loans in April 2026.
(2)  March 31, 2026 and December 31, 2025 balances include one non-performing available-for-sale security in the amount of $450 thousand.
(3)  Calculated based on annualized NCOs to average loans.

DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION
(Dollars in thousands except per share amounts)

The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provides investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.

The following non-GAAP financial measures exclude pre-tax income and expenses associated with the fair value change in equity securities and loans held for sale, loss on sale of securities and other assets, severance, net gain on extinguishment of debt and loss due to pension settlement.

  Three Months Ended   March 31, December 31, March 31,   2026  2025  2025  Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders          Reported net income available to common stockholders $32,760  $30,035  $19,636  Adjustments to net income(1):          Fair value change in equity securities and loans held for sale  38   (48)  (18) Loss on sale of securities and other assets  320   111   —  Severance  102   2,493   76  Net gain on extinguishment of debt  (974)  —   —  Loss due to pension settlement  —   —   7,231  Income tax effect of adjustments noted above(1)  159   (784)  (2,237) Other discrete tax items  —   2,688   —  Adjusted net income available to common stockholders (non-GAAP) $32,405  $34,495  $24,688             Adjusted Ratios (Based upon Adjusted (non-GAAP) Net Income as calculated above)          Adjusted EPS (Diluted) $0.74  $0.79  $0.57  Adjusted return on average assets  0.91 % 0.96 % 0.77 %Adjusted return on average equity  9.10   9.80   7.46  Adjusted return on average tangible common equity  10.60   11.49   8.68  Adjusted non-interest expense to average assets  1.69   1.65   1.68  Adjusted efficiency ratio  51.2   50.3   55.8   ________________________________
(1)  Adjustments to net income are taxed at the Company's approximate statutory tax rate.

The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):

  Three Months Ended   March 31, December 31, March 31,   2026 2025 2025 Operating expense as a % of average assets - as reported 1.68 %1.72 %1.90 %Severance —  (0.07) —  Net gain on extinguishment of debt 0.02  —  —  Loss due to pension settlement —  —  (0.21) Amortization of other intangible assets (0.01) —  (0.01) Adjusted operating expense as a % of average assets (non-GAAP) 1.69 %1.65 %1.68 %
The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):

  Three Months Ended   March 31, December 31, March 31,   2026
 2025
 2025
 Efficiency ratio - as reported (non-GAAP)(1)  50.8 % 52.6 % 63.1 %Non-interest expense - as reported $62,756  $65,068  $65,511  Severance  (102)  (2,493)  (76) Net gain on extinguishment of debt  974   —   —  Loss due to pension settlement  —   —   (7,231) Amortization of other intangible assets  (209)  (235)  (252) Adjusted non-interest expense (non-GAAP) $63,419  $62,340  $57,952  Net interest income - as reported $112,251  $112,289  $94,213  Non-interest income - as reported $11,346  $11,494  $9,633  Fair value change in equity securities and loans held for sale  38   (48)  (18) Loss on sale of securities and other assets  320   111   —  Adjusted non-interest income (non-GAAP) $11,704  $11,557  $9,615  Adjusted total revenues for adjusted efficiency ratio (non-GAAP) $123,955  $123,846  $103,828  Adjusted efficiency ratio (non-GAAP)(2)  51.2 % 50.3 % 55.8 % ________________________________
(1)  The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.
(2)  The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income.

The following table presents a reconciliation of pre-tax pre provision net revenue (non-GAAP) and adjusted pre-tax pre-provision net revenue (non-GAAP):

  Three Months Ended
  March 31, December 31, March 31,  2026 2025 2025Financial Data:            Net interest income $112,251  $112,289  $94,213 Non-interest income  11,346   11,494   9,633 Total revenue  123,597   123,783   103,846 Non-interest expense  62,756   65,068   65,511 Pre-tax pre-provision net revenue (non-GAAP)(1) $60,841  $58,715  $38,335 Adjusted pre-tax pre-provision net revenue (non-GAAP)(2) $60,536  $61,506  $45,876  ________________________________
(1)  The reported pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and GAAP non-interest income less GAAP non-interest expense.
(2)  The adjusted pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and the adjusted non-interest income less the adjusted non-interest expense as shown in the reconciliation of efficiency ratio table above.

The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):

     March 31,     December 31,     March 31,    2026 2025 2025 Reconciliation of Tangible Assets:            Total assets $ 14,999,503  $15,341,631  $14,097,682  Goodwill   (155,797)  (155,797)  (155,797) Other intangible assets   (2,729)  (2,938)  (3,644) Tangible assets (non-GAAP) $ 14,840,977  $15,182,896  $13,938,241             Reconciliation of Tangible Common Equity - Consolidated:          Total stockholders' equity $ 1,496,970  $1,475,769  $1,412,013  Goodwill   (155,797)  (155,797)  (155,797) Other intangible assets   (2,729)  (2,938)  (3,644) Tangible equity (non-GAAP)   1,338,444   1,317,034   1,252,572  Preferred stock, net   (116,569)  (116,569)  (116,569) Tangible common equity (non-GAAP) $ 1,221,875  $1,200,465  $1,136,003             Common shares outstanding   44,057   43,862   43,799             Tangible common equity to tangible assets (non-GAAP)  8.23 %   7.91 %   8.15 %  Tangible equity to tangible assets (non-GAAP)  9.02   8.67   8.99             Book value per common share $31.33  $30.99  $29.58  Tangible common book value per share (non-GAAP)  27.73   27.37   25.94  

Dime Community (DCOM - Free Report) reported $123.6 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 19%. EPS of $0.74 for the same period compares to $0.57 a year ago.

The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $122.51 million. With the consensus EPS estimate being $0.77, the EPS surprise was -3.27%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Efficiency Ratio: 50.8% versus the three-analyst average estimate of 51.7%.Net Interest Margin: 3.2% versus the three-analyst average estimate of 3.1%.Average Balance - Total interest-earning assets: $14.2 billion compared to the $14.37 billion average estimate based on three analysts.NCOs / Average loans: 0.3% versus 0.2% estimated by two analysts on average.Net Interest Income: $112.25 million versus $111.42 million estimated by three analysts on average.Total Non-Interest Income: $11.35 million versus the three-analyst average estimate of $11.08 million.Service charges and other fees: $5.73 million versus the three-analyst average estimate of $5.16 million.Loan level derivative income: $0.47 million versus the two-analyst average estimate of $0.4 million.Non-interest income- Other: $0.73 million versus the two-analyst average estimate of $0.75 million.Title fees: $0.14 million versus the two-analyst average estimate of $0.37 million.BOLI income: $4.56 million versus the two-analyst average estimate of $4.23 million.View all Key Company Metrics for Dime Community here>>>

Shares of Dime Community have returned +7.5% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Posted by Defense World Staff on Apr 24th, 2026

Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) and Community Capital Bancshares (OTCMKTS:ALBY – Get Free Report) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, analyst recommendations, valuation, profitability, earnings and risk.

Risk & Volatility Dime Community Bancshares has a beta of 1.05, indicating that its share price is 5% more volatile than the S&P 500. Comparatively, Community Capital Bancshares has a beta of 0.43, indicating that its share price is 57% less volatile than the S&P 500.

Insider and Institutional Ownership 75.3% of Dime Community Bancshares shares are held by institutional investors. 7.1% of Dime Community Bancshares shares are held by insiders. Comparatively, 42.4% of Community Capital Bancshares shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Analyst Ratings This is a summary of current ratings and price targets for Dime Community Bancshares and Community Capital Bancshares, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Dime Community Bancshares 0 2 3 1 2.83 Community Capital Bancshares 0 0 0 0 0.00 Dime Community Bancshares currently has a consensus target price of $38.00, suggesting a potential upside of 1.91%. Given Dime Community Bancshares’ stronger consensus rating and higher probable upside, analysts clearly believe Dime Community Bancshares is more favorable than Community Capital Bancshares.

Earnings & Valuation This table compares Dime Community Bancshares and Community Capital Bancshares”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Dime Community Bancshares $452.93 million 3.61 $110.68 million $2.36 15.80 Community Capital Bancshares $15.03 million 2.59 $4.90 million $3.78 7.94 Dime Community Bancshares has higher revenue and earnings than Community Capital Bancshares. Community Capital Bancshares is trading at a lower price-to-earnings ratio than Dime Community Bancshares, indicating that it is currently the more affordable of the two stocks.

Dividends Dime Community Bancshares pays an annual dividend of $1.00 per share and has a dividend yield of 2.7%. Community Capital Bancshares pays an annual dividend of $2.00 per share and has a dividend yield of 6.7%. Dime Community Bancshares pays out 42.4% of its earnings in the form of a dividend. Community Capital Bancshares pays out 52.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Dime Community Bancshares has increased its dividend for 2 consecutive years.

Profitability This table compares Dime Community Bancshares and Community Capital Bancshares’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Dime Community Bancshares 15.15% 9.12% 0.83% Community Capital Bancshares N/A N/A N/A Summary Dime Community Bancshares beats Community Capital Bancshares on 15 of the 18 factors compared between the two stocks.

About Dime Community Bancshares (Get Free Report)

Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans. In addition, the company invests in Federal Home Loan Bank, Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities; U.S. Treasury securities; New York state and local municipal obligations; U.S. government-sponsored enterprise securities; and corporate bonds. Further, it offers certificate of deposit account registry services and insured cash sweep programs; federal deposit insurance corporation insurance; merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts; investment products and services through a third-party broker dealer; and title insurance broker services for small and medium sized businesses, and municipal and consumer relationships. The company was founded in 1910 and is headquartered in Hauppauge, New York.

About Community Capital Bancshares (Get Free Report)

Community Capital Bancshares, Inc. operates as the holding company for AB&T that provides various banking products and services to individual and corporate customers. The company accepts various deposit products, such as checking, savings, money market, and individual retirement accounts, as well as certificates of deposits. Its loan products include commercial and residential real estate, commercial, financial, agricultural, consumer installment, overdrafts and other revolving credit, and educational loans. The company also offers money transfer, bill pay, remote deposit capture, ACH origination, and merchant services, as well as online, mobile, and text message banking services. The company was incorporated in 1998 and is based in Albany, Georgia.

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May 04, 2026 08:00 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., May 04, 2026 (GLOBE NEWSWIRE) -- Dime today announced the formation of its Equipment & Franchise Finance Group, a new vertical focused on delivering customized financing solutions to middle market companies and experienced franchise operators.

The launch of the Equipment & Franchise Finance Group is part of Dime’s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion.

The group will be led by Keith Smith, who joins Dime as Senior Vice President, Head of Equipment and Franchise Finance. Mr. Smith brings decades of industry experience, most recently serving as President and Partner of Star Hill Financial, where he led a platform specializing in originating bank-eligible assets.

Dime’s Equipment & Franchise Finance Group will focus on:

Middle market and large ticket equipment financing, particularly for essential-use assets across industries such as waste management, construction, medical, commercial and specialty vehicles, and material handlingFranchise finance, with an emphasis on established, multi-unit operators in the quick-service restaurant sectorStructuring flexible capital solutions tailored to asset-based lending
“Launching this new specialty reflects our continued commitment to disciplined and diversified growth," said Stuart H. Lubow, President and Chief Executive Officer of Dime. “We see a significant opportunity to support clients with essential equipment needs and to partner with high-quality franchise operators. Keith’s track record of building and scaling platforms and his familiarity with our existing team and operations makes him the ideal leader for this new vertical.”

Prior to Star Hill, Mr. Smith worked alongside Thomas X. Geisel (Chief Commercial Officer of Dime) at Sterling National Bank, where he was President of Equipment and Franchise Finance and helped build a platform exceeding $2 billion in assets.

“I am excited to join Dime and build a differentiated platform focused on essential-use equipment and top-tier franchise operators,” said Mr. Smith. “There is strong demand in the middle market for commercial banks who can combine structuring expertise with speed and certainty of execution. Dime’s relationship-oriented and client-first culture resembles that of Star Hill, and Sterling National Bank. I look forward to working with Tom and the rest of the team to advance Dime's mission of growing the best commercial bank in Metro NY."

Joining Keith Smith will be the following individuals:

Chris Wellbrock, Vice President, Portfolio Manager & Senior UnderwriterZerka Gul, Vice President, Operations & Closing ManagerLori Rainbolt, Vice President, Senior UnderwriterEmily Moreno, Senior Closer ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

May 20, 2026 10:16 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., May 20, 2026 (GLOBE NEWSWIRE) -- Dime announced today that it is supporting The Center for Advocacy, Support and Transformation (“CAST”), specifically their North Fork Culinary Program.

CAST serves vulnerable and low-income individuals and families on the North Fork of Long Island. They provide a critical safety net helping address food, housing, employment, and healthcare insecurity. While serving a diverse population, they are committed to helping people achieve economic security through education and workforce training.

ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

June 01, 2026 20:00 ET  | Source: Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., June 01, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (NYSE: DCOM) (the "Company" or "Dime"), the parent company of Dime Commercial Bank (the "Bank"), announced that its President and CEO Stuart H. Lubow will ring The Opening Bell® at the New York Stock Exchange (“NYSE”) on Tuesday, June 2, 2026.

This milestone event celebrates the Bank’s rebranding and name change to Dime Commercial Bank, which is also effective June 2, 2026.

“Ringing the Opening Bell is a tremendous honor and a testament to the hard work and dedication of all our employees. This ceremony marks an exciting new chapter for ‘The Best Commercial Bank in Metro New York.’”

A live broadcast of the NYSE Opening Bell will be available beginning at 9:29 AM Eastern Time on nyse.com/bell and NYSE social platforms (@NYSE).

ABOUT DIME COMMERCIAL BANCSHARES, INC.

Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: [email protected]

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

Ciena Corp (CIEN) Q2 2026 Earnings Call Highlights: Record Revenue Growth and Strategic Wins Ciena Corp (CIEN) reports a 40% revenue increase and significant advancements in its Routing and Switching segment, despite supply chain challenges. Summary

Revenue: $1.57 billion, up 40% year-on-year.Adjusted Gross Margin: 44.9%.Adjusted Earnings Per Share (EPS): $1.64, nearly quadrupling from the previous year.Free Cash Flow: $219 million, representing 13.9% of revenue.Cash Balance: $1.4 billion.Routing and Switching Revenue Growth: 88% year-on-year.Direct Cloud Customer Revenue Growth: 70% year-on-year.Service Providers Revenue Growth: 28% year-on-year.India Service Provider Revenue: More than doubled year-on-year.Backlog: Increased by more than $600 million sequentially to $7.7 billion.Stock Buyback: $83 million returned in Q2 at an average price of $371 per share.Q3 2026 Revenue Guidance: Approximately $1.625 billion, plus or minus $50 million.Fiscal 2026 Revenue Guidance: $6.3 billion, plus or minus $100 million, with a midpoint growth of 32% year-on-year.

Release Date: June 04, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points Ciena Corp CIEN reported a 40% year-on-year revenue growth, reaching $1.57 billion for the quarter.The company expanded its adjusted gross margin to 44.9%, nearly quadrupling its adjusted earnings per share to $1.64 compared to the previous year.Ciena Corp (CIEN) has a strong and growing backlog, which increased by more than $600 million sequentially to $7.7 billion, providing excellent visibility into future demand.The company announced the industry's first multi-rail order from a leading hyperscaler, validating early market demand for its RLS hyper-rail platform.Ciena Corp (CIEN) is experiencing significant growth in its Routing and Switching segment, with an 88% year-on-year revenue increase, driven by its data center out-of-band management solution (DCOM). Negative Points Ciena Corp (CIEN) is navigating a constrained supply environment, which poses challenges in meeting the strong demand for its products.Operating expenses were elevated in Q2 due to higher variable compensation, impacting the company's overall cost structure.The company faces an imbalance of supply not keeping pace with demand, requiring strategic investments to secure supply and manufacturing capacity.Ciena Corp (CIEN) is experiencing inflationary pressures in the supply chain, which could impact future gross margins.The company's growth is heavily reliant on hyperscaler customers, with two cloud providers contributing more than 10% of its revenue, indicating potential concentration risk. Q & A Highlights Q: Can you discuss the multi-rail win with the first hyperscaler customer and how it aligns with your expectations?
A: Gary Smith, CEO: The early win with the hyperscaler, achieved through co-collaboration, is strategic for them due to the deployment's nature. It enables high-intensity training over greater distances with better amplification and density. This strategic decision to standardize on hyper-rail will roll out through 2027, with deal sizes varying but generally in the hundreds of millions over multiple years. We are ahead of our adoption expectations and engaged with most major hyperscalers.

Q: How does the increase in operating expenses relate to your revenue outlook, and what is the long-term trajectory for OpEx?
A: Marc Graff, CFO: About 90% of the OpEx increase is due to higher performance in orders and revenue, leading to increased variable compensation. The remaining 10% is for investments in supply security. Despite this, we continue to deliver operating leverage, growing revenue faster than OpEx, which will strengthen EPS over time.

Q: Can you elaborate on your pricing strategy amid substantial backlog and rising input costs?
A: Marc Graff, CFO: We are focusing on value exchange, balancing supply chain risks, and optimizing product mix. We are exploring pricing opportunities across all products and have managed to mitigate inflationary impacts through engineering cost reductions. This strategy has allowed us to raise gross margin guidance for three consecutive quarters.

Q: How do you see the TAM expansion to $50 billion by 2029, and what is Ciena's ability to gain share?
A: Gary Smith, CEO: The TAM is expected to double, driven by scale across, which could be an $8-10 billion market by 2029. The long-haul metro optical transport WAN market will exceed $20 billion. We believe we can take share with technologies like hyper-rail and our modem capabilities, especially as we enter new markets inside the data center.

Q: What is the outlook for the DCOM opportunity, and how durable is this business?
A: Gary Smith, CEO: DCOM is a significant part of our routing and switching growth and is a multiyear, multifaceted application within hyperscalers and potentially beyond. It's not a one-time opportunity; we see it as a growing application with a potential TAM of $1-3 billion by 2029.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].