Track market-moving stories before they get noisy

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.

Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEArcellx, Inc. (NASDAQ:ACLX) Given Consensus Recommendation of “Hold” by Analysts

NEXT HEADLINE »Aurora Innovation, Inc. (NASDAQ:AUR) Receives Consensus Rating of “Hold” from Analysts

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].

Posted by Defense World Staff on Apr 17th, 2026

Flagstar Bank, National Association (NYSE:FLG – Get Free Report) will likely be issuing its Q1 2026 results before the market opens on Friday, April 24th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $556.7430 million for the quarter. Parties may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Friday, April 24, 2026 at 8:00 AM ET.

Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.41) EPS. On average, analysts expect Flagstar Bank, National Association to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Flagstar Bank, National Association Price Performance Shares of Flagstar Bank, National Association stock opened at $14.26 on Friday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of -27.95 and a beta of 1.02. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50 day moving average price of $13.32 and a 200-day moving average price of $12.63. Flagstar Bank, National Association has a one year low of $10.27 and a one year high of $14.53.

Flagstar Bank, National Association Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Saturday, March 7th were issued a $0.01 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s payout ratio is -7.84%.

Wall Street Analyst Weigh In FLG has been the subject of a number of recent research reports. Truist Financial upgraded Flagstar Bank, National Association from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.50 to $17.00 in a report on Tuesday, April 7th. Cantor Fitzgerald lifted their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. JPMorgan Chase & Co. lifted their target price on Flagstar Bank, National Association from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Barclays lifted their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Finally, Citigroup boosted their price objective on Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Flagstar Bank, National Association has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Check Out Our Latest Analysis on Flagstar Bank, National Association

Hedge Funds Weigh In On Flagstar Bank, National Association Large investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position in Flagstar Bank, National Association by 23.6% during the 4th quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock valued at $47,000 after purchasing an additional 719 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Flagstar Bank, National Association by 6.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock valued at $185,000 after purchasing an additional 936 shares in the last quarter. Mendon Capital Advisors Corp raised its position in Flagstar Bank, National Association by 0.4% during the 4th quarter. Mendon Capital Advisors Corp now owns 316,332 shares of the company’s stock valued at $3,983,000 after purchasing an additional 1,250 shares in the last quarter. DV Equities LLC bought a new stake in Flagstar Bank, National Association during the 4th quarter valued at $25,000. Finally, Corient Private Wealth LLC raised its position in Flagstar Bank, National Association by 4.5% during the 4th quarter. Corient Private Wealth LLC now owns 49,175 shares of the company’s stock valued at $593,000 after purchasing an additional 2,136 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Company Profile (Get Free Report)

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.

See Also Five stocks we like better than Flagstar Bank, National Association

Receive News & Ratings for Flagstar Bank National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bank National Association and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEMetagenomi, Inc. (NASDAQ:MGX) Receives $10.00 Consensus PT from Analysts

NEXT HEADLINE »Tobii Dynavox AB (publ) (TDVXF) to Release Earnings on Friday

STRONG GROWTH IN C&I LENDING AS TOTAL C&I LOANS INCREASED $1.4 BILLION OR 9% COMPARED TO PRIOR QUARTER, WITH BROAD-BASED GROWTH CORE DEPOSITS, EXCLUDING BROKERED, INCREASED $1.1 BILLION OR 2% QUARTER-OVER-QUARTER, WHILE OVERALL DEPOSITS GREW $832 MILLION OR 1% CREDIT QUALITY CONTINUES TO IMPROVE AS NON-ACCRUAL LOANS DECLINED 11% AND CRITICIZED/CLASSIFIED LOANS DECLINED 3% COMPARED TO PRIOR QUARTER CRE EXPOSURE DECLINES FURTHER WITH CRE PAR PAYOFFS OF $1.1 BILLION, INCLUDING 42% IN SUBSTANDARD AND A CRE CONCENTRATION RATIO OF 367% COMPARED TO 381% IN PRIOR QUARTER NET INTEREST MARGIN OF 2.15%, UP 1 BASIS POINT VERSUS PRIOR QUARTER; UP 10 BASIS POINTS AS ADJUSTED; COST OF FUNDS CONTINUE TO TREND LOWER STRONG EXPENSE MANAGEMENT WITH OPERATING EXPENSES DOWN 5% COMPARED TO PRIOR QUARTER CET1 CAPITAL RATIO INCREASED TO OVER 13%, ENDING THE QUARTER UP 40 BASIS POINTS TO 13.24% First Quarter 2026 Summary Compared to Fourth Quarter 2025 Asset Quality Loans and Deposits Non-accrual loans decreased $323 million or 11% Criticized/Classified loans declined $323 million or 3% CRE concentration ratio improved to 367% vs. 381% Total ACL of $1.0 billion or 1.67% of total loans HFI  NCOs to average loans was 0.52% vs.

Flagstar Bank (FLG - Free Report) reported $498 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 1.6%. EPS of $0.04 for the same period compares to -$0.23 a year ago.

The reported revenue represents a surprise of -10.61% over the Zacks Consensus Estimate of $557.14 million. With the consensus EPS estimate being $0.03, the EPS surprise was +19.4%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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

Net Interest Margin: 2.2% compared to the 2.3% average estimate based on seven analysts.Book value per common share (GAAP): $18.28 compared to the $17.93 average estimate based on six analysts.Efficiency Ratio: 93.7% compared to the 85.5% average estimate based on six analysts.Net charge-offs to average loans: 0.5% versus the six-analyst average estimate of 0.4%.Average Balances - Interest earning assets: $83.31 billion compared to the $85.21 billion average estimate based on six analysts.Total Nonperforming Assets: $2.68 billion compared to the $2.54 billion average estimate based on three analysts.Total Non-performing loans: $2.68 billion compared to the $2.45 billion average estimate based on two analysts.Total risk-based capital ratio: 16.7% compared to the 16.3% average estimate based on two analysts.Tier 1 risk-based capital ratio: 14.1% versus the two-analyst average estimate of 13.8%.Leverage Capital Ratio: 9.6% versus 9.3% estimated by two analysts on average.Net Interest Income: $443 million versus the seven-analyst average estimate of $476.38 million.Total non-interest income (loss): $55 million compared to the $81.8 million average estimate based on seven analysts.View all Key Company Metrics for Flagstar Bank here>>>

Shares of Flagstar Bank have returned +8.5% over the past month versus the Zacks S&P 500 composite's +8.1% 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.

Flagstar Bank has seen two consecutive quarters of positive non-GAAP profits and recently received a Fitch credit rating upgrade to "BB". FLG is trading at a discount to tangible book value and well below all-time highs, despite rising deposits and improved credit quality. Strategic portfolio shifts include reducing CRE exposure and expanding commercial and industrial lending, with deposits rising 1.3% sequentially to reach $66.8 billion.

Key Takeaways FLG Q1 EPS of 4 cents beat estimates, aided by higher NII and no credit loss provisions; shares fell 2.2%.FLG's NII rose 8% to $443M, with NIM up 41 bps to 2.15% due to lower funding costs and balance sheet moves.FLG's non-interest income fell 31% to $55M on weaker fees, loan income, and prior mortgage servicing sales. Flagstar Bank, National Association (FLG - Free Report) reported first-quarter 2026 adjusted earnings per share of 4 cents, beating the Zacks Consensus Estimate of 3 cents. In the year-ago quarter, the company had incurred a loss of 23 cents.

Results were primarily driven by an improvement in net interest income (NII), no provision for credit losses, and lower expenses. However, a decline in non-interest income acted as a headwind. Given the concern, FLG shares lost 2.2% during Friday’s trading session.

Results excluded certain non-recurring items. After considering these, the net income available to common shareholders (GAAP basis) was $13 million against a net loss of $108 million in the prior-year quarter.

FLG’s Quarterly Revenues Rise & Expenses DeclineQuarterly revenues were $498 million, missing the Zacks Consensus Estimate by 10.6%. The metric rose 2% from the prior-year quarter.

NII was $443 million, up 8% year over year. The net interest margin (NIM) of 2.15% expanded 41 basis points from the year-ago quarter, driven by a lower cost of funds and balance sheet repositioning.

Non-interest income was $55 million, which declined 31% from the year-ago quarter. The decrease was mainly due to lower fee income, reduced loan-related income, and the impact of prior mortgage servicing business sales.

Non-interest expenses of $466 million decreased 12% year over year. Adjusted operating expenses were $441 million, down 9% from the first quarter of 2025, reflecting lower compensation, FDIC insurance, and general administrative costs.

Flagstar Financial’s Loans Decrease & Deposits IncreaseTotal loans and leases held for investment declined nearly 1% sequentially to $60.4 billion as of March 31, 2026. As of the same date, total deposits increased 1% sequentially to $66.8 billion.

FLG’s Credit Quality: Improving TrendNon-accrual loans were $2.7 billion, which decreased from $3.3 billion as of March 31, 2025. Net charge-offs were $78 million, which declined 32% from the prior-year quarter.

The company recorded nil provisions for credit losses compared with $79 million recorded in the year-ago quarter.

Flagstar Financial’s Capital Ratios StrengthenAs of March 31, 2026, the common equity tier 1 ratio was 13.24% compared with 11.90% as of March 31, 2025. The total risk-based capital ratio increased to 16.69% from 15.25% in the prior-year quarter.

The leverage capital ratio rose to 9.61% from 8.45% a year ago, reflecting improved capital strength.

Our View on FLGFlagstar Financial’s continued reduction in commercial real estate exposure and improving credit quality remain encouraging. While lower non-interest income and balance sheet contraction persist as concerns, solid C&I loan growth, margin expansion, declining credit costs, and disciplined expense management supported another quarter of profitability. Notably, recent credit rating upgrades by Fitch and Moody’s reflect improving confidence in the bank’s balance sheet strength, profitability outlook, and ongoing business transformation. Continued execution on balance sheet optimization and revenue diversification will be key to sustaining this positive momentum.

Flagstar Bank, National Association Price, Consensus and EPS SurpriseZions Bancorporation (ZION - Free Report) reported first-quarter 2026 earnings of $1.56 per share, which beat the Zacks Consensus Estimate of $1.43. Moreover, the bottom line surged 38% from the year-ago quarter.

Results were primarily aided by higher net interest income and growth in fee-based income. Higher loan and deposit balances, along with a provision benefit, provided additional support. However, a rise in non-interest expenses was a headwind for ZION.

“There's nothing special,” he said. “It's not making all that much money, it doesn't have that big of a dividend."

On the earnings front, Flagstar Financial, on April 24, posted first-quarter adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. The company's sales came in at $498.00 million, missing expectations of $520.49 million.

When asked about Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Cramer said he does not know that casino.

Monarch Casino & Resort, on Tuesday, reported better-than-expected first-quarter financial results.

Cramer said Ciena Corporation (NYSE:CIEN) being 100% up is a “little bit too hot for me, so I'm gonna have to hold off.”

"Now that is one that I can't bless at all," Cramer said when asked about Fermi Inc. (NASDAQ:FRMI).

As per the recent news, Fermi named Rob L. Masson II as interim chief financial officer.

Price Action Monarch Casino shares gained 1% to settle at $119.34 on Wednesday. Ciena shares rose 0.4% to close at $475.39. Applied Digital shares gained 1.8% to settle at $32.69 on Wednesday. Flagstar Bank shares declined 1.4% to close at $13.81. MP Materials shares fell 0.7% to settle at $61.30. Fermi shares fell 4.8% to settle at $5.03 on Wednesday. Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Flagstar Bank, National Association NYSE: FLG executives said the company has made significant progress stabilizing its balance sheet and repositioning its business model, while acknowledging that the turnaround remains a work in progress.

Speaking at an investor conference, Chairman and CEO Joseph Otting said that when current leadership arrived in March 2024, the bank faced “capital issues, liquidity issues, credit issues, and regulatory issues.” Otting said the company’s common equity tier 1 ratio now stands at 13.2%, while liquidity has increased to $27.5 billion from $6.5 billion.

“We really built now a solid risk governance structure that we're proud of,” Otting said, adding that the bank believes it is positioned to meet enhanced regulatory standards regardless of where they ultimately land.

Get FLG alerts:

Balance Sheet Shift Toward C&I Lending Otting said Flagstar is working toward a balance sheet mix of roughly one-third commercial real estate, one-third commercial and industrial lending, and one-third consumer cash flows, including mortgage-backed securities. The strategy follows what executives described as an overconcentration in multifamily lending, particularly rent-regulated multifamily exposure in New York.

The company has been building out its commercial banking platform, with Otting saying the bank has generated more than $2 billion of new loan outstandings in each of the past two quarters. He said Rich Raffetto, who joined the company to help lead the effort, has recruited more than 300 people into the strategy.

Lee Smith, Flagstar’s chief financial officer, said the bank had largely stepped back from originating new commercial real estate loans from March 2024 through the end of 2025 because it was overweight the asset class. He said CRE concentration to capital has declined from more than 500% in the first quarter of 2024 to about 365%.

Smith said the bank has begun originating new CRE loans again, but with a focus on “good quality” credits in areas such as the Midwest, South Florida and California, emphasizing short-duration, floating-rate loans rather than fixed-rate multifamily exposure in New York City.

Deposit Growth and Ratings Upgrades Otting said recent ratings upgrades have helped open the door to deeper commercial relationships, particularly with customers that had policies limiting deposits above FDIC insurance thresholds unless a bank met certain ratings standards.

He said Flagstar is adding about 75 new commercial and corporate banking customers per quarter. The bank reported $1.1 billion of core deposit growth in the first quarter, which Otting said occurred before the ratings increase.

Executives also said commercial lending is helping drive deposits. Otting said an ideal outcome would be for the bank to gather deposits equal to 30% to 40% of each loan made in the commercial sector. Smith said the bank currently has about a 90% loan-to-deposit ratio and expects to fund loan growth with deposits as it moves through 2026 and into early 2027.

CRE Runoff, Rent-Regulated Exposure and Credit Trends Otting said the bank originally modeled $600 million to $800 million of quarterly commercial real estate payoffs, but recent quarters have run closer to $1.5 billion to $1.6 billion. He said market liquidity has supported the reduction in real estate exposure, with agency lenders accounting for about half of the payoffs.

Smith said the faster runoff has reduced earning assets and created near-term pressure on net interest income and net interest margin. However, he said the broader strategy remains intact and may only shift the timing of certain targets from late 2027 into early 2028 if C&I growth needs additional time to replace CRE runoff.

On New York rent-regulated multifamily loans, Smith said the bank has about $8.8 billion of loans tied to properties that are more than 50% rent-regulated. He said Flagstar modeled a three-year rent freeze beginning in October, with operating costs rising 2.75% annually and market rents rising 2.1% annually.

Smith said the analysis showed little to no impact on net operating income for buildings that are 70% or less rent-regulated, because market-rate units could offset the rent freeze. For buildings that are more than 70% rent-regulated, he said the modeled NOI impact over three years was 7% to 8%.

Smith said $4.6 billion of the $8.8 billion book is pass-rated with a debt service coverage ratio of 1.5%, while the remaining $4.2 billion in criticized and classified loans has more than $500 million of charge-offs and allowance for credit loss coverage against it. He said the bank feels “more than adequately covered.”

Technology, AI and Expense Initiatives Executives also highlighted technology investments and cost reduction efforts. Otting said the bank has consolidated six legacy data centers into two co-location centers and aims to move from two core systems to one by the second quarter of next year.

Smith said that core consolidation is expected to generate $40 million to $45 million in annualized cost savings. He also cited additional opportunities from vendor expense reductions, real estate optimization, lower FDIC expenses and IT projects coming online over the next 18 months.

Smith said the company has taken more than $700 million of costs out while also investing in C&I banking, risk infrastructure and technology. He said the bank’s efficiency ratio target is 50% to 55%, while Otting is pushing the organization toward 50%.

On artificial intelligence, Smith said Flagstar has built a proprietary internal AI platform called StarIQ, which is available to all 5,400 employees. He said about 83% to 84% of employees use it regularly, and that the tool can analyze company records, policies and procedures, as well as assist with presentations and marketing materials.

Capital Returns Under Consideration Otting said the bank is on a “fun side of the mountain” with respect to capital after earlier challenges. He said the company has roughly $1.6 billion to $1.7 billion of excess capital based on current levels, though management is still focused on sustained profitability, continued loan portfolio improvement and the balance between C&I growth and CRE payoff activity.

Once those factors are further evaluated, Otting said management will make a recommendation to the board on what to do with excess capital. He noted that at or below tangible book value, a buyback would be “very attractive.”

Otting also offered a favorable view of the current regulatory environment, saying regulators are moving toward “sensible and logical regulation” and focusing more on end results such as capital and liquidity rather than prescribing specific processes.

About Flagstar Bank, National Association NYSE: FLGFlagstar Financial Corporation NYSE: FLG is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company's mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Flagstar Bank, National Association Right Now?Before you consider Flagstar Bank, National Association, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flagstar Bank, National Association wasn't on the list.

While Flagstar Bank, National Association currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

On May 20, 2026, Flagstar Bank NA FLG shares rose 3.0% today to a current price of $13.67. The stock has experienced a 52-week range of $10.38 to $14.92, reflecting some volatility over the past year.

GF Value™ verdict: The current price is $13.67, compared to a GF Value™ of $8.77, indicating the stock is 55.9% overvalued.GF Score™: At 64/100, Flagstar Bank NA is rated as Above Average.Most notable signal: The momentum rank is strong at 10/10, indicating positive price movement in the short term. Is FLG Overvalued or Undervalued? Currently, Flagstar Bank NA's stock price of $13.67 is significantly above the GF Value™ estimate of $8.77, which suggests that the stock is overvalued by 55.9%. This level of overvaluation indicates that investors might be paying a premium for the stock relative to its intrinsic value. The GF Valuation label categorizes Flagstar Bank as significantly overvalued, highlighting the potential risks for both new and existing shareholders. A stock priced well above its intrinsic value may not provide a sufficient margin of safety for investors, increasing the likelihood of a price correction in the future.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, investors should proceed with caution, as the price may not accurately reflect the company's long-term performance potential.

How Does FLG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 29.6x 7.6x Flagstar Bank's current P/E ratio of 29.6x is significantly above its 5-year median P/E of 7.6x. This suggests that FLG is trading at a much higher valuation compared to its historical standards, further corroborating the GF Value™ assessment of being overvalued. The P/E analysis aligns with the GF Value™ verdict, indicating that the stock may not be a prudent investment at its current price.

What Does FLG's GF Score™ Tell Us? Metric Rating GF Score™ 64 Financial Strength 3/10 Profitability 3/10 Growth 6/10 Valuation 3/10 Momentum 10/10 The GF Score™ of 64/100 indicates that Flagstar Bank NA has several strengths but also notable weaknesses. The momentum rank stands out at 10/10, suggesting that the stock has been performing well in the short term. However, the financial strength and profitability ratings are low at 3/10, indicating potential concerns about the company's financial health. The growth rank of 6/10 shows moderate potential, but combined with the low valuation rank of 3/10, it highlights the risks associated with the current valuation.

What Are Insiders Doing with FLG Stock? There have been no insider transactions in the last three months for Flagstar Bank NA. This lack of insider activity could suggest that company executives and directors do not see immediate value in buying or selling shares at this time. Generally, active insider buying can be a positive indicator of confidence in the company's prospects, while selling can raise concerns.

What This Means for Investors Based on the current analysis, Flagstar Bank NA FLG is considered overvalued according to the GF Value™. The significant disparity between the stock's market price and its intrinsic value suggests that investors may face heightened risks in the current investment climate.

For the complete analysis, visit the Flagstar Bank NA FLG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is FLG's GF Score™?

The GF Score™ for Flagstar Bank NA is 64/100, indicating an above-average ranking based on five key aspects of the company's financial health and performance.

Is FLG overvalued or undervalued?

FLG is currently overvalued, with a market price of $13.67 compared to a GF Value™ of $8.77, indicating significant risk for investors.

What is FLG's P/E ratio?

The current P/E ratio for FLG is 29.6x, which is substantially higher than its 5-year median P/E of 7.6x, reinforcing the notion that the stock is overvalued.

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].

FLAGSTAR BANK, N.A. TO PARTICIPATE AT THE MORGAN STANLEY U.S. FINANCIALS CONFERENCE PR Newswire

HICKSVILLE, N.Y., June 3, 2026

, /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") will participate at the Morgan Stanley U.S. Financials Conference to be held on Wednesday, June 10, 2026 in New York City.

Executive Chairman and Chief Executive Officer, Joseph Otting; Co-President, Co-Chief Operating Officer, and Chief Banking Officer, Richard Raffetto; and Co-President, Co-Chief Operating Officer, and Chief Financial Officer, Lee Smith, are scheduled to take part in a fireside chat-style discussion at 3:15 p.m. ET.

The discussion can be live-streamed in a listen-only format on the Bank's website at ir.flagstar.com. A replay of the discussion will be available later in the day and will be archived at the Bank's website through 5:00 p.m., on Wednesday, July 8, 2026.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At March 31, 2026, the Bank had $87.1 billion of assets, $60.7 billion of loans, deposits of $66.8 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

View original content to download multimedia:https://www.prnewswire.com/news-releases/flagstar-bank-na-to-participate-at-the-morgan-stanley-us-financials-conference-302788729.html

SOURCE Flagstar Bank, N.A.

Flagstar Bank, National Association (FLG) Presents at Morgan Stanley US Financials Conference 2026 Transcript

ENGLEWOOD, Colo., May 11, 2026 (GLOBE NEWSWIRE) -- EchoStar Corporation (NASDAQ: SATS) reported first quarter 2026 total revenue of $3.67 billion, compared to $3.87 billion in 2025. Net loss attributable to EchoStar in the first quarter of 2026 totaled $146.89 million, compared to $202.67 million in the year-ago quarter. Diluted loss per share was $0.51 in the first quarter of 2026, compared to $0.71 in 2025.

Pay-TV

Net pay-TV subscribers decreased approximately 366,000 in the first quarter of 2026, compared to a decrease of approximately 381,000 in the year-ago quarter.The company closed the quarter with 6.63 million pay-TV subscribers, including 4.84 million DISH TV subscribers and 1.79 million Sling TV subscribers. Retail Wireless

Retail wireless subscribers increased by approximately 16,000 in the first quarter of 2026, compared to an increase of 150,000 in the year-ago quarter.The company closed the quarter with 7.53 million wireless subscribers. Broadband and Satellite Services

Broadband subscribers decreased by approximately 58,000 in the first quarter of 2026, compared to a decrease of 30,000 in the year-ago quarter.The company closed the quarter with 681,000 broadband subscribers. Additional Details
Detailed financial data and other information are available in EchoStar’s Form 10-Q for the quarter ending March 31, 2026, filed with the Securities and Exchange Commission.

Please note that EchoStar will not host a live conference call to discuss its first quarter 2026 financial results. All financial results and related materials are available on EchoStar's investor relations website at ir.echostar.com.

Set forth below is a table highlighting certain of EchoStar's segment results for the three months ended March 31, 2026 and 2025 (all U.S. GAAP amounts reference results from operations):

 For the Three Months Ended March 31,  2026  2025  (In thousands)Revenue     Pay-TV$2,294,264  $2,538,727 Wireless 962,491   969,668 Broadband and Satellite Services 329,656   370,658 Other 90,983   62,297 Eliminations (9,905)  (71,592)Total$3,667,489  $3,869,758       Net Income (loss) attributable to EchoStar$(146,885) $(202,669)      OIBDA     Pay-TV$527,433  $729,873 Wireless 13,717   (73,707)Broadband and Satellite Services 94,124   85,703 Other (75,990)  (324,481)Eliminations 164   (17,187)Total$559,448  $400,201       Adjusted OIBDA     Pay-TV$527,433  $729,873 Wireless 13,717   (73,707)Broadband and Satellite Services 94,124   85,703 Other (142,149)  (324,481)Eliminations 164   (17,187)Total$493,289  $400,201       Purchases of property and equipment (including capitalized
interest related to regulatory authorizations)     Pay-TV$88,128  $62,388 Wireless 28,833   — Broadband and Satellite Services 11,610   32,103 Other 4,864   283,993  $133,435  $378,484        Reconciliation of GAAP to Non-GAAP Measurement:

  Pay-TV Wireless Broadband and
Satellite Services Other Eliminations Consolidated TotalFor the Three Months Ended March 31, 2026 (In thousands)Segment operating income (loss) $471,567 $(35,782) $44,184  $(87,295) $173  $392,847 Depreciation and amortization  55,866  49,499   49,940   11,305   (9)  166,601 OIBDA  527,433  13,717   94,124   (75,990)  164   559,448 Impairments and other  —  —   —   (66,159)  —   (66,159)Adjusted OIBDA $527,433 $13,717  $94,124  $(142,149) $164  $493,289                    For the Three Months Ended March 31, 2025             Segment operating income (loss) $653,430 $(93,894) $(19,195) $(628,410) $(63) $(88,132)Depreciation and amortization  76,443  20,187   104,898   303,929   (17,124)  488,333 OIBDA  729,873  (73,707)  85,703   (324,481)  (17,187)  400,201 Impairments and other  —  —   —   —   —   — Adjusted OIBDA $729,873 $(73,707) $85,703  $(324,481) $(17,187) $400,201                     Note on Use of Non-GAAP Financial Measures

OIBDA is defined as “Operating income (loss)” plus “Depreciation and amortization.”

Adjusted OIBDA is defined as "Operating income (loss)" plus "Depreciation and amortization" and "Impairments and other."

OIBDA and Adjusted OIBDA, which are presented by segment above, are non-GAAP measures reconciled to "Operating income (loss)" and do not purport to be alternatives to operating income (loss) as a measure of operating performance. We believe OIBDA is useful to management, investors and other users of our financial information in evaluating operating profitability of our business segments on a more variable cost basis as it excludes the depreciation and amortization expenses related primarily to capital expenditures and acquisitions for those business segments, as well as in evaluating operating performance in relation to our competitors.

We believe Adjusted OIBDA is useful to management, investors and other users of our financial information in evaluating operating profitability of our business segments as it excludes one-time, non-cash items that we do not consider to be reflective of our ongoing operating performance.

About EchoStar Corporation
EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary and in Australia, the company operates as EchoStar Global Australia. For more information, visit www.echostar.com and follow EchoStar on X (Twitter) and LinkedIn.

©2026 EchoStar. Hughes, HughesNet, DISH, and Boost Mobile are registered trademarks of one or more affiliate companies of EchoStar Corp.

Safe Harbor Statement under the US Private Securities Litigation Reform Act of 1995
This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. When used in this release, the words "believe," "anticipate," "goal," "seek," "estimate," "expect," "intend," "project," "continue," "future," "will," "would," "can," "may," "plans," and similar expressions and the use of future dates are intended to identify forward–looking statements. Although management believes that the expectations reflected in these forward–looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. We assume no responsibility for the accuracy of forward-looking statements or information or for updating forward-looking information or statements. These statements are subject to certain risks, uncertainties, and assumptions. See "Risk Factors" in EchoStar's Annual Report on Form 10-K for the period ended December 31, 2025 as filed with the Securities and Exchange Commission and in the other documents EchoStar files with the Securities and Exchange Commission from time to time.

 ECHOSTAR CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share amounts) (Unaudited)    As of March 31, December 31, 2026  2025 Assets     Current Assets:   Cash and cash equivalents$1,343,780  $1,883,074 Current restricted cash, cash equivalents and marketable investment securities —   175,838 Marketable investment securities 172,323   1,100,891 Trade accounts receivable, net of allowance for credit losses of $83,611 and $79,590, respectively 1,258,708   1,273,849 Inventory 395,123   380,647 Prepaids and other assets 359,657   284,194 Other current assets 19,849   34,678 Total current assets 3,549,440   5,133,171       Noncurrent Assets:     Restricted cash, cash equivalents and marketable investment securities 176,759   176,203 Property and equipment, net 2,200,571   2,243,515 Regulatory authorizations, net 34,550,802   34,548,952 Other investments, net 208,655   194,046 Operating lease assets 217,635   214,549 Intangible assets, net 51,236   54,413 Other noncurrent assets, net 420,594   451,506 Total noncurrent assets 37,826,252   37,883,184 Total assets$41,375,692  $43,016,355       Liabilities and Stockholders’ Equity (Deficit)     Current Liabilities:     Trade accounts payable$579,907  $541,706 Deferred revenue and other 620,733   639,173 Accrued programming 1,137,147   1,224,222 Accrued interest 626,229   309,462 Other accrued expenses and liabilities 2,564,432   2,327,587 Current portion of debt, finance lease and other obligations 6,237,306   7,321,269 Total current liabilities 11,765,754   12,363,419       Long-Term Obligations, Net of Current Portion:     Long-term debt, finance lease and other obligations, net of current portion 18,015,274   18,658,602 Deferred tax liabilities, net 575,102   598,590 Operating lease liabilities 3,985,604   4,137,269 Long-term deferred revenue and other long-term liabilities 1,356,555   1,446,477 Total long-term obligations, net of current portion 23,932,535   24,840,938 Total liabilities 35,698,289   37,204,357       Commitments and Contingencies           Stockholders’ Equity (Deficit):      Class A common stock, $0.001 par value, 1,600,000,000 shares authorized,
159,722,874 and 159,266,457 shares issued, 157,933,854 and 157,477,437
shares outstanding, respectively 160   159 Class B common stock, $0.001 par value, 800,000,000 shares authorized,
131,348,468 shares issued and outstanding 131   131 Additional paid-in capital 8,886,945   8,875,937 Accumulated other comprehensive income (loss) (181,786)  (183,188)Accumulated earnings (deficit) (3,025,628)  (2,878,743)Treasury stock, at cost, 1,789,020 shares (48,512)  (48,512)Total EchoStar stockholders’ equity (deficit) 5,631,310   5,765,784 Noncontrolling interests 46,093   46,214 Total stockholders’ equity (deficit) 5,677,403   5,811,998 Total liabilities and stockholders’ equity (deficit)$41,375,692  $43,016,355         ECHOSTAR CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (Dollars in thousands, except per share amounts) (Unaudited)       For the Three Months Ended March 31,  2026  2025 Revenue:     Service revenue$3,375,540  $3,606,156 Equipment sales and other revenue 291,949   263,602 Total revenue 3,667,489   3,869,758       Costs and Expenses (exclusive of depreciation and amortization):     Cost of services 1,998,268   2,432,198 Cost of sales - equipment and other 536,907   439,508 Selling, general and administrative expenses 639,025   597,851 Depreciation and amortization 166,601   488,333 Impairments and other (66,159)  — Total costs and expenses 3,274,642   3,957,890       Operating income (loss) 392,847   (88,132)      Other Income (Expense):     Interest income 29,409   65,529 Interest expense, net of amounts capitalized (592,660)  (286,055)Other, net 2,184   41,390 Total other income (expense) (561,067)  (179,136)      Income (loss) before income taxes (168,220)  (267,268)Income tax (provision) benefit, net 20,920   63,987 Net income (loss) (147,300)  (203,281)Less: Net income (loss) attributable to noncontrolling interests, net of tax (415)  (612)Net income (loss) attributable to EchoStar$(146,885) $(202,669)      Weighted-average common shares outstanding - Class A and B common stock:      Basic 289,014   286,513 Diluted 289,014   286,513       Earnings per share - Class A and B common stock:     Basic net income (loss) per share attributable to EchoStar$(0.51) $(0.71)Diluted net income (loss) per share attributable to EchoStar$(0.51) $(0.71)        ECHOSTAR CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)   For the Three Months Ended March 31,  2026  2025 Cash Flows From Operating Activities:     Net income (loss)$(147,300) $(203,281)Adjustments to reconcile net income (loss) to net cash flows from operating activities:     Depreciation and amortization 166,601   488,333 Impairments and other (66,159)  — Realized and unrealized losses (gains) and impairments on investments and other 2,737   (35,769)Non-cash, stock-based compensation 10,233   7,609 Interest expense paid in kind on long-term debt —   57,073 Deferred tax expense (benefit) (28,582)  (68,902)Changes in allowance for credit losses 4,021   (1,987)Change in long-term deferred revenue and other long-term liabilities (60,073)  (2,772)Other, net 79,253   (5,446)Changes in operating assets and operating liabilities,net 277,553   (28,103)Net cash flows from operating activities 238,284   206,755       Cash Flows From Investing Activities:     Purchases of marketable investment securities (577,181)  (1,807,779)Sales and maturities of marketable investment securities 1,521,282   553,812 Purchases of property and equipment (133,435)  (258,427)Capitalized interest related to regulatory authorizations —   (120,057)Other, net 38,429   (4,268)Net cash flows from investing activities 849,095   (1,636,719)      Cash Flows From Financing Activities:     Repayment of debt, finance lease and other obligations (5,654)  (24,671)Redemption and repurchases of debt (1,787,082)  (289,383)Early debt redemption gains (losses) —   11,465 Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan 7,513   2,534 Other, net 1,727   (31,792)Net cash flows from financing activities  (1,783,496)  (331,847)      Effect of exchange rates on cash and cash equivalents (240)  1,714       Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents (696,357)  (1,760,097)Cash, cash equivalents, restricted cash and cash equivalents, beginning of period 2,182,155   4,593,804 Cash, cash equivalents, restricted cash and cash equivalents, end of period$1,485,798  $2,833,707       

EchoStar (SATS - Free Report) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.87. This compares to a loss of $0.71 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +62.21%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.85 per share when it actually produced a loss of $1.03, delivering a surprise of -21.18%.

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

EchoStar, which belongs to the Zacks Satellite and Communication industry, posted revenues of $3.67 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $3.87 billion. The company has topped consensus revenue estimates two 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.

EchoStar shares have added about 17% since the beginning of the year versus the S&P 500's gain of 8.1%.

What's Next for EchoStar?While EchoStar 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 EchoStar 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 $1.80 on $3.6 billion in revenues for the coming quarter and -$2.51 on $14.42 billion 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, Satellite and Communication is currently in the top 33% 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.

One other stock from the same industry, Satellogic Inc. (SATL - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 12.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +68.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Satellogic Inc.'s revenues are expected to be $6.44 million, up 90% from the year-ago quarter.

A satellite model is placed on EchoStar Satellite Services logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

WASHINGTON, May 12 (Reuters) - The U.S. Federal Communications Commission said Tuesday it approved EchoStar's $40 billion sale of wireless spectrum to SpaceX and AT&T ​because the move would boost connectivity across the country.

EchoStar is selling approximately 50 megahertz ‌of its nationwide spectrum to AT&T for its 5G network for $23 billion, including 30 MHz of mid-band spectrum and 20 MHz of low-band spectrum. EchoStar is selling 65 megahertz of its spectrum to SpaceX for $17 billion ​to boost Starlink’s next-gen device to device offering.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

AT&T and EchoStar will create a ​hybrid Mobile Virtual Network Operator arrangement that ensures the continued viability of Boost ⁠Mobile, the FCC said.

SpaceX is gaining access to exclusive-use spectrum for a Starlink device-to-device service ​and other offerings. The FCC said AT&T’s low-band spectrum will expand coverage across the United States, ​especially in rural and underserved areas.

In June, President Donald Trump, opens new tab prodded EchoStar, parent of Dish TV, and FCC Chairman Brendan Carr to reach a deal over the company's wireless spectrum licenses. U.S. satellite TV provider DirecTV, opens new tab terminated its agreement ​to acquire EchoStar's satellite television business in 2024 over a failed debt-exchange offer.

The FCC is also ​granting waivers for SpaceX to address convergence of wireless and satellite broadband. The announcement allows SpaceX to use ‌its ⁠new spectrum flexibly for terrestrial, space-based and hybrid network architectures.

The FCC also said it is requiring AT&T to build its network years faster than the company originally requested and the FCC’s rules ordinarily require for builds after auction.

The FCC is requiring EchoStar to establish an escrow account ​of $2.4 billion that would cover ​any amounts that Echostar ⁠may eventually owe in connection with disputes over work under the licenses.

The FCC said it had received public comments that EchoStar has indicated ​it will not pay companies for construction of a new 5G network, ​including leasing ⁠of space on towers and rooftops that it was required to undertake as a license condition.

The FCC said it would allow courts and other bodies to adjudicate the issues and the escrow ⁠funds would ​potentially cover any obligations Echostar may ultimately owe.

Echostar said ​it appreciated the approvals but said, "These approvals come with an unprecedented involuntary escrow condition. We are analyzing this requirement and ​evaluating next steps."

Reporting by David Shepardson and Christian Martinez; Editing by David Ljunggren and Cynthia Osterman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

FCC Chairman Brendan Carr joins ‘Squawk on the Street' to discuss the agency's approval of EchoStar's $40 billion sale of wireless spectrum to AT&T and SpaceX, the ongoing dispute with Disney, and more.

Issued on behalf of Starfighters Space, Inc.

, /PRNewswire/ -- Equity Insider News Commentary — The looming SpaceX IPO has done something that almost no other capital markets event in a decade has managed: it has made the space sector mainstream investible. A Yahoo Finance segment that ran yesterday with ETF.com president Dave Nadig laid out the case directly, walking through the ETFs and broader public space exposure that stand to benefit from what is shaping up to be the largest IPO in history. Multiple ETF issuers are already gearing up. [1]

SpaceX confidentially filed its S-1 with the SEC on April 1, 2026, and its public registration is expected to land on EDGAR between May 18 and May 22. The targeted June Nasdaq listing aims to raise as much as US$75 billion at a US$1.75 trillion valuation. [2] That alone reshapes the comparable set for every publicly traded space name in the market today.

The sector backdrop is more than just one IPO. NASA announced a new Moon Base initiative in March. The Trump administration's Golden Dome missile defense program is in full procurement. The Department of War has expanded its hypersonic test budget. Commercial space stations, lunar landers, and microgravity research platforms — work that until recently lived inside a small handful of government programs — are now being executed by publicly traded companies posting record backlogs. Against that wave, one NYSE American–listed operator at Cape Canaveral made a move yesterday that drops it directly into a federal procurement opening.

A NASA RFI, a Falcon 50, and a Capability the U.S. Has Gone Without

Starfighters Space, Inc. (NYSE American: FJET) — the operator of what its own filings describe as the world's fastest fleet of commercial supersonic aircraft — announced a signed Memorandum of Understanding with Mu-G Technologies, LLC and a joint response to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services. The RFI targets companies that can rebuild the country's commercial microgravity capability — a capability the U.S. has gone without since the last domestic operator exited the market. [3]

Under the MOU, Starfighters will host Mu-G's Dassault Falcon 50 at the Midland International Air & Space Port in Texas, where the aircraft will be modified to conduct parabolic test flights and worked through FAA certification. Starfighters provides ground support, chase plane and data collection, expert pilot integration, and safety and regulatory alignment. [3]

The combined offering covers four flight environments at one site: microgravity from the Falcon 50, reduced gravity and hyper-gravity from the same parabolic profiles, and the supersonic regime from Starfighters' F-104s. The NASA RFI specifically asks for "novel or non-traditional flight platforms." [3]

Microgravity research is increasingly where real commercial work happens. Pharma and biotech companies use the absence of gravity-driven sedimentation to grow purer protein crystals and study drug mechanisms. Materials scientists use reduced gravity to study how alloys solidify without convection currents. Defense and aerospace engineers use parabolic profiles to test sensors, fluid systems, and components before committing to a launch. U.S. researchers who need that environment today have to look overseas or wait — exactly the gap NASA is asking industry to fill.

Starfighters CEO Tim Franta and Mu-G founder Robert S. Ward have known each other for nearly thirty years through the Space Coast aerospace community. Franta took over as CEO in February 2026. [4] Starfighters already flies revenue missions for Lockheed Martin, Space Florida, and the U.S. Air Force Research Laboratory. [5] On May 7, it added two senior Blue Origin engineers to lead STARLAUNCH operations. [6]

Four Other Names Riding the Same Wave

Karman Holdings Inc. (NYSE: KRMN) — A leader in critical next-generation system solutions for space, hypersonics, and missile defense. On May 12, Karman reported record Q1 2026 revenue of US$151.2 million, up 51.0% year-over-year, with record quarterly adjusted EBITDA of US$44.8 million (29.6% margin) and a record backlog of US$1.0 billion, up 61% year-over-year. The Space and Launch segment led growth at US$43.9 million, with the company introducing a new Maritime Defense Systems end market in the quarter. Management raised full-year 2026 guidance to US$720–US$735 million in revenue and US$208.5–US$219.5 million in adjusted EBITDA. [7][8]

MDA Space Ltd. (NYSE: MDA) — A trusted mission partner to the global space industry, dual-listed on the NYSE and TSX. On May 7, MDA Space reported Q1 2026 revenue of CAD$464 million, up 32% year-over-year, with a backlog of CAD$3.7 billion providing visibility into 2026 and beyond. The company ended the quarter with a CAD$299 million net cash position and CAD$1.2 billion in total liquidity. In April, MDA launched MDA MIDNIGHT™, a space-control platform aimed at protecting critical orbital infrastructure, while in March it announced a Canadian Defence Investment Agency contract for three Ground-Based Optical observatories. CEO Mike Greenley cited a CAD$40 billion pipeline across commercial and government customers. [9]

EchoStar Corporation (Nasdaq: SATS) — Holds an equity stake in SpaceX acquired through prior spectrum transactions, now widely flagged as one of the most direct public proxies for the SpaceX IPO repricing thesis. On May 11, EchoStar reported Q1 2026 revenue of US$3.67 billion and confirmed that the FCC's Wireless Telecommunications Bureau and Space Bureau approved its approximately US$40 billion sale of wireless spectrum to AT&T and SpaceX, with EchoStar to continue operating Boost Mobile via an MVNO partnership. [10][11] On May 13, New Street Research initiated coverage with a Buy rating and a US$161 price target, calling EchoStar "the SpaceX play, for now." [12]

Viasat, Inc. (Nasdaq: VSAT) — A global satellite communications provider with annual revenue of approximately US$4.56 billion. Viasat is one of five companies awarded initial contracts under the U.S. Space Force's Protected Tactical SATCOM-Global (PTS-G) program, which carries a ceiling of US$4 billion in IDIQ value across awardees for resilient, anti-jam tactical communications. [13] On May 7, Viasat announced a cooperation agreement with activist investor Carronade Capital Management, adding two new independent directors to the Board's Strategic Review Committee. On May 13, New Street Research initiated coverage with a Buy rating and a US$100 price target, citing Viasat's defense communications position as a SpaceX-IPO-adjacent beneficiary. [12]

The Bottom Line

The Yahoo Finance segment captured what the market has already started pricing: when the anchor of the entire ecosystem is going public at a US$1.75 trillion valuation, every publicly traded company that does real work in the same lane gets re-rated. Starfighters Space, Inc. (NYSE American: FJET) is one of the few publicly traded operators that owns a flying fleet of supersonic aircraft today, has revenue from blue-chip aerospace customers, and is now in the running for a NASA-defined commercial microgravity capability that does not currently exist domestically. The Mu-G MOU is the next concrete step. As always, investors should do their own research and consult a qualified financial advisor before making any decision.

For more information on Starfighters Space, Inc., visit: https://equity-insider.com/fjet-landing

Contact:
Equity Insider
[email protected]
604-265-2873

Sources:

[1] https://finance.yahoo.com/video/spacex-ipo-set-bolster-space-180000761.html
[2] https://www.ibtimes.com/spacex-files-largest-ipo-ever-while-absorbing-494-billion-loss-its-xai-merger-3802915
[3] https://ir.starfightersspace.com/news-events/press-releases
[4] https://www.stocktitan.net/sec-filings/FJET/8-k-starfighters-space-inc-reports-material-event-3234f73ec472.html
[5] https://finance.yahoo.com/news/starfighters-space-demonstrates-commercial-supersonic-130000515.html
[6] https://finance.yahoo.com/sectors/technology/articles/starfighters-space-adds-blue-origin-130000983.html
[7] https://www.sec.gov/Archives/edgar/data/0002040127/000119312526219495/krmn-ex99_1.htm
[8] https://www.stocktitan.net/sec-filings/KRMN/8-k-karman-holdings-inc-reports-material-event-0e4e3b7a2b1a.html
[9] https://www.sec.gov/Archives/edgar/data/0001857047/000110465926056789/tm2613608d3_ex99-1.htm
[10] https://stockanalysis.com/stocks/sats/
[11] https://blockonomi.com/echostar-sats-stock-surges-on-spacex-ipo-speculation-and-40b-fcc-spectrum-deal/
[12] https://stocktwits.com/news-articles/markets/equity/spacex-ripple-effect-rklb-sats-vsat-top-space-stock-bets/cZX1hH7Re1b
[13] https://www.investing.com/news/company-news/viasat-secures-contract-for-us-space-force-satellite-program-93CH-4277193

DISCLAIMER / DISCLOSURE:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of Starfighters Space, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG; this is a digital media distribution.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

FORWARD-LOOKING STATEMENTS:

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

Logo: https://mma.prnewswire.com/media/2840019/5982425/Equity_Insider_Logo.jpg

SOURCE Equity Insider

EchoStar stock has doubled since September, when it swapped some of its wireless spectrum for a 2% stake in Elon Musk’s SpaceX, closing the week at $125. TD Cowen analyst Gregory Williams raised his price target to $155 from $129 a share on May 17. EchoStar sold the spectrum to SpaceX for $11.1 billion of SpaceX stock valued at $212 a share, which Barron’s estimates at 52 million SpaceX shares.

Short sellers are piling into a wide-ranging group of names, with the latest Benzinga Pro data showing elevated bearish positioning across 10 stocks spanning energy, crypto, AI and enterprise software.

PATH stock is heavily shorted. See the chart and price action here.  High-Short-Interest StandoutsBelow are the top 10 most heavily shorted stocks (market caps above $2 billion, average 14‑day volume above 5 million and free floats above 5 million) based on data from Benzinga Pro as of May 28, 2026:

Closer LookVenture Global’s 86.10% short interest is the defining data point of this screen — nearly double the next name on the list. 

The Louisiana-based LNG exporter, which went public in early 2025 at a $31-plus billion market cap, has been a lightning rod for skeptics who doubt its ability to fulfill long-term supply contracts and manage execution risk at its Calcasieu Pass and CP2 facilities. 

The stock's $31.34 billion market cap and 6.25 million shares of daily volume mean any bullish catalyst could generate an outsized short squeeze.

Notably, several of these names are already moving against the bears on Thursday, with Bitdeer up 14.74%, Figma up 8.41% and UiPath gaining 6.66% on the session. 

With short interest this elevated across the group, any sustained upside momentum or positive macro catalyst could force rapid covering and accelerate those moves further.

Image: Dave Hoeek / Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.