Key Highlights

  • The board declared a quarterly cash dividend of $0.25 per share, payable October 23, 2026, to holders of record October 16.
  • Second-quarter net income available to common stockholders was $33.0 million, or $0.75 per diluted share.
  • Net interest income was $115.2 million, and the net interest margin was 3.28%, compared with 3.21% in the first quarter.
  • The company reported record quarterly revenue of $126 million and a consolidated commercial real estate concentration ratio of 352%.

Dime Commercial Bancshares, Inc. (NYSE:DCOM), formerly Dime Community Bancshares, Inc., declared a quarterly cash dividend of $0.25 per common share, payable on October 23, 2026, to stockholders of record on October 16. The company described the payment as a continuation of its trend of uninterrupted dividends. Second-quarter net income available to common stockholders was $33.0 million.

Dividend Program and Shareholder Returns

The board declared the $0.25 quarterly cash dividend in a release dated September 24, 2026. It is payable on October 23, 2026, to common stockholders of record as of October 16, 2026, which is also the ex-dividend date.

In the release, the company said it “continues its trend of uninterrupted dividends.” In the first half of 2026, cash dividends paid were $21.559 million to common stockholders and $3.643 million to preferred stockholders.

Total stockholders’ equity rose by $44.687 million in the first half, to $1.520 billion at June 30, 2026, from $1.476 billion at December 31, 2025. The second-quarter release states: “we expect to begin repurchasing our shares in the third quarter.”

About the Company

Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-chartered trust company with roughly $15 billion in assets. Total assets were $15.04 billion at June 30, 2026. The holding company changed its name from Dime Community Bancshares, Inc. during the quarter ended June 30, 2026, and its shares trade on the New York Stock Exchange.

Financial Performance Behind the Payout

Net income available to common stockholders for the second quarter was $33.0 million, or $0.75 per diluted share, compared with $27.9 million, or $0.64, in the second quarter of 2025. Adjusted net income available to common stockholders, a non-GAAP measure, was $34.7 million, or $0.79 per share.

Net interest income was $115.2 million, compared with $98.1 million a year earlier. The net interest margin was 3.28%, compared with 3.21% in the first quarter of 2026 and 2.98% in the second quarter of 2025. The efficiency ratio was 51.2%, compared with 55.0% a year earlier.

Business loans grew $280.8 million on a linked-quarter basis and $743.0 million year over year. Non-performing assets declined 28% linked-quarter and were 0.46% of total assets, or $69.0 million. The Tier 1 common equity ratio was 11.99%, and the consolidated commercial real estate concentration ratio was 352%.

A New Name, a New Listing and a Buyback Plan

Three corporate changes came during the first half of 2026. In February, the company announced that it would transfer its securities listing to the New York Stock Exchange, which was planned for around April 7, 2026, and that, subject to shareholder approval, its name would change to Dime Commercial Bancshares, Inc. and the bank’s name to Dime Commercial Bank. The 10-Q for the second quarter states that the name change became effective during the quarter ended June 30, 2026.

The second-quarter release also reported record quarterly revenue of $126 million and said the company’s consolidated commercial real estate concentration ratio had been “proactively managed lower” to 352%.

Outlook

The second-quarter release states: “we expect to begin repurchasing our shares in the third quarter.”

Net interest margin, business loan growth, non-performing assets, the Tier 1 common equity ratio and the commercial real estate concentration ratio are the relevant factors for the dividend.