DCOM

EX-99.1

2 dcom-ex99d1.htm

EX-99.1

Page 1

Exhibit 99.1

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Dime Commercial Bancshares, Inc. Reports 53% Year-Over-Year Increase in EPS

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NIM Expansion and Growth in Net Interest Income Drives Record Quarterly Revenue of $135 million

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Deposits Increased by 15% and Loans Increased by 8% on an Annualized Basis Versus The Linked Quarter

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Asset Liability Management Profile, Which is Underpinned by $2.2 Billion of Cash and

a Growing Floating Rate Loan Portfolio, Positions Dime Well For Rising Rates

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Hauppauge, NY, October 20, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (NYSE: DCOM) (the “Company” or “Dime”), the parent company of Dime Commercial Bank (the “Bank”), today reported net income available to common stockholders of $39.7 million for the quarter ended September 30, 2026, or $0.90 per diluted common share, compared to net income available to common stockholders of $33.0 million, or $0.75 per diluted common share, for the quarter ended June 30, 2026 and net income available to common stockholders of $25.8 million for the quarter ended September 30, 2025, or $0.59 per diluted common share.

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Adjusted net income available to common stockholders (non-GAAP) was $39.9 million and adjusted diluted EPS (non-GAAP) was $0.91 per share for the quarter ended September 30, 2026, compared to $0.79 per share for the quarter ended June 30, 2026, and $0.61 for the quarter ended September 30, 2025 (see "Non-GAAP Reconciliation" tables at the end of this news release).

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Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Dime continues to execute on our growth plan and delivered another quarter of record revenue. Third quarter results were marked by strong growth in core deposits and business loans and continued NIM expansion. Our return metrics continue to improve, and the Return on Average Assets improved to 1.10%. Our balance sheet, with $2.2 billion of cash and an 83% loan-to-deposit ratio, was intentionally constructed keeping in mind the potential for an elevated interest rate environment. We believe this highly liquid balance sheet uniquely positions Dime versus our local peers. Finally, we anticipate continued expansion in NIM and growth in Net Interest Income in the quarters ahead as we take advantage of growth opportunities and benefit from a significant loan repricing opportunity that we anticipate will continue through 2027.”

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Mr. Lubow continued, “As outlined in a separate press release, this morning we announced our intention to acquire ES Bancshares, Inc., the parent company of Empire State Bank (headquartered in Staten Island). This transaction represents another logical step in Dime's growth strategy.”

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Highlights for the Third Quarter of 2026 included:

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●Return on Average Assets increased to 1.10% for the third quarter of 2026 compared to 0.94% for the prior quarter;

●Total deposits increased $1.08 billion on a year-over-year basis;

●Core deposits (excluding brokered and time deposits) increased $1.18 billion on a year-over-year basis;

●Average non-interest-bearing deposits to average total deposits for the third quarter increased to 32.1%;

●Business loans grew $346.6 million on a linked quarter basis and $929.1 million on a year-over-year basis;

●The net interest margin increased to 3.35% for the third quarter of 2026 compared to 3.28% for the prior quarter;

●The efficiency ratio decreased to 48.4% for the third quarter of 2026 compared to 53.8% for the third quarter of 2025;

●The Company’s Consolidated CRE Concentration ratio was proactively managed lower to 338%;

●The Company repurchased 298,003 shares of its common stock, which represented 0.7% of shares outstanding at the beginning of the period, at a weighted-average price of $40.64 per share; and

●Announced entry into the affordable housing space with the launch of a dedicated group that will be led by Michael Camoia, SVP, Head of Affordable Housing.

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Page 2

Management’s Discussion of Quarterly Operating Results

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Net Interest Income

Net interest income for the third quarter of 2026 was $121.2 million compared to $115.2 million for the second quarter of 2026 and $103.4 million for the third quarter of 2025. The Net Interest Margin for the third quarter of 2026 was 3.35% compared to 3.28% for the second quarter of 2026 and 3.01% for the third quarter of 2025.

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Loan Portfolio

The ending weighted average rate (“WAR”) on the total loan portfolio was 5.50% at September 30, 2026, a 14-basis point increase compared to the ending WAR of 5.36% on the total loan portfolio at June 30, 2026.

Outlined below are loan balances and WARs for the quarter ended as indicated.

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September 30, 2026

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June 30, 2026

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September 30, 2025

(Dollars in thousands)

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Balance

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WAR (1)

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Balance

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WAR (1)

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Balance

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WAR (1)

Loans held for investment balances at period end:

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