secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dime Community Bancshares, Inc. /NY/ (DCOM)
CIK:        0000846617
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0000846617-25-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dime Community Q1 2025 GAAP EPS $0.45; adjusted EPS $0.57; NIM 2.95%; core deposits up $1.35B YoY
--------------------------------------------------------------------------------

- GAAP net income $19.6M ($0.45/diluted share) vs $15.9M ($0.41) a year ago; adjusted net income $24.7M ($0.57 adj. EPS), +67% YoY.
- Net interest margin expanded 16 bps QoQ to 2.95%; net interest income $94.2M vs $91.1M prior Q and $71.5M year ago.
- Core deposits (ex-brokered/time) rose $1.35B YoY; total deposits $11.61B; brokered deposits reduced to $285.6M from $897.1M year ago.
- Non-performing loans increased to $58.0M from $49.5M prior Q; credit provision was $9.6M vs $13.7M prior Q.
- Hired several senior execs including Tom Geisel and incoming CCO Robert Rowe; pension plan termination cost $7.2M pre-tax.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/846617/000084661725000020/0000846617-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/846617/000084661725000020/dcom-20250422x8k.htm
  HTML page:      https://secwatch.observer/filing/0000846617-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer