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| PART I – FINANCIAL INFORMATION | Page |
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| Item 1. | | Unaudited Condensed Consolidated Financial Statements | |
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| | | Consolidated Statements of Financial Condition at September 30, 2025 and December 31, 2024 | 5 |
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| | | Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 | 6 |
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| | | Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended September 30, 2025 and 2024 | 7 |
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| | | Consolidated Statements of Changes in Stockholders’ Equity for the Three and Nine Months Ended September 30, 2025 and 2024 | 8 |
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| | | Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 | 10 |
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| | | Notes to Unaudited Condensed Consolidated Financial Statements | 11 |
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| Item 2. | | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 41 |
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| Item 3. | | Quantitative and Qualitative Disclosures About Market Risk | 59 |
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| Item 4. | | Controls and Procedures | 61 |
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| PART II - OTHER INFORMATION | | |
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| Item 1. | | Legal Proceedings | 61 |
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| Item 1A. | | Risk Factors | 62 |
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| Item 2. | | Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities | 62 |
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| Item 3. | | Defaults Upon Senior Securities | 62 |
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| Item 4. | | Mine Safety Disclosures | 62 |
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| Item 5. | | Other Information | 62 |
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| Item 6. | | Exhibits | 63 |
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| | | Signatures | 64 |
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Cautionary Note Regarding Forward-Looking Statements
This Quarterly Report on Form 10-Q 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,” “seek,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar terms and phrases, including references to assumptions. Examples of forward-looking statements include, but are not limited to, the proposed use of proceeds from any offering, possible or assumed estimates with respect to the financial condition, asset quality, expected or anticipated revenue, and results of operations and our business, including earnings growth; revenue growth in retail banking, lending and other areas; origination volume in the consumer, commercial and other lending businesses; current and future capital management programs; non-interest income levels, including fees from the title insurance subsidiary and banking services as well as product sales; tangible capital generation; market share; expense levels; and other business operations and strategies.
Forward-looking statements are based upon various assumptions and analyses made by Dime Community Bancshares, Inc. (together with its direct and indirect subsidiaries, 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 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 conditions or results to differ materially from those expressed or implied by such forward-looking statements. Such factors include, without limitation, the following:
| ● | increases in competitive pressure among financial institutions or from non-financial institutions; |
| ● | inflation and fluctuation in market interest rates, which may affect demand for our products, interest margins and the fair value of financial instruments; |
| ● | our net interest margin is subject to material short-term fluctuation based upon market rates; |
| ● | changes in deposit flows or composition, loan demand or real estate values; |
| ● | changes in the quality and composition of our loan or investment portfolios or unanticipated or significant increases in loan losses; |
| ● | changes in accounting principles, policies or guidelines; |
| ● | changes in corporate and/or individual income tax laws or policies; |
| ● | general socio-economic conditions, including conditions caused by public health emergencies, international conflict, inflation 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; |
| ● | legislative, regulatory or policy changes, including any changes in the monetary policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; |
| ● | the imposition of tariffs and the responses of third parties thereto, which may increase inflationary pressures; |
| ● | changes in distribution of federal funds or freezing of federal funding or grants, which could have an adverse effect on the ability of consumers and businesses to pay debts or affect the demand for loans and deposits; |
| ● | the impact of the current federal government shutdown, including our ability to effect sales of Small Business Administration (“SBA”) loans; |
| ● | breaches or failures of the Company’s information technology security systems; |
| ● | our ability to successfully effect strategic plans; |
| ● | the success of new business initiatives or the integration of any acquired entities; |
| ● | difficulties or unanticipated expenses incurred in the consummation of new business initiatives or the integration of any acquired entities; |
| ● | litigation or matters before regulatory agencies; |
| ● | the risks referred to in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, as updated by our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K; and/or |
| ● | other unexpected material adverse changes in our financial condition, operations or earnings. |
Accordingly, you should not place undue reliance on forward-looking statements. The Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of this document.
