Dime Community Bancshares, Inc. reported net income of $27.9 million for the quarter ended June 30, 2025, with earnings per share of $0.64. Core deposits and business loans grew, with a net interest margin of 2.98%. The Company also made key hires to expand its lending presence in metro NYC and received regulatory approval to open a new branch in New Jersey.

The Company’s second-quarter highlights included a $711.7 million increase in total deposits year-over-year and a $113.3 million growth in business loans on a linked quarter basis. The net interest margin improved to 2.98%, and the Common Equity Tier 1 Ratio increased to 11.25%. Dime continues to focus on growth strategies to enhance its balance sheet and market share.

Dime Community Bancshares hired new executives and leaders to drive growth in various lending verticals and regions. The Company also received regulatory approvals to open new branch locations in New Jersey and Manhattan, expanding its geographic footprint. Additionally, Kroll Bond Rating Agency revised Dime’s outlook from “Stable” to “Positive” in June.

The Company’s net interest income for the second quarter of 2025 was $98.1 million, compared to $94.2 million in the first quarter of 2025 and $75.5 million in the second quarter of 2024. Dime’s management is optimistic about future growth opportunities, with plans to focus on loan repricing, deposit cost reduction, and core deposit and business loan expansion to drive net interest margin growth.

Dime Community Bancshares reported non-interest income of $11.6 million for the second quarter of 2025, with total non-interest expense of $60.3 million. The Company’s efficiency ratio improved to 55.0% compared to the prior quarter, reflecting its focus on operational efficiency. Dime continues to invest in growth initiatives to drive revenue and enhance shareholder value.

The Company’s capital management remains strong, with stockholders’ equity increasing to $1.43 billion at June 30, 2025. Dime’s regulatory capital ratios exceeded all applicable requirements, with an emphasis on maintaining a strong financial position. The Company also declared dividends of $0.25 per common share for the second quarter of 2025, reflecting its commitment to returning value to shareholders.

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