Dime Reports 10% Quarter-Over-Quarter Increase and 67% Year-Over-Year Increase in EPS

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; and
• Keith 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; and
• The 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 2025
Originations Excluding New Lines of Credit		$	220.4		$	225.3		$	77.9
Originations 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				2025
Interest 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 Ended
GAAP		March 31, 2026				December 31, 2025				March 31, 2025
Net 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				2025
Non-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				2025
Financial 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