• Bank of America, but focused exclusively on local communities in the New York metro area.
• A regional version of JPMorgan Chase, serving businesses and individuals in the New York City region.
• A local version of Wells Fargo, providing traditional banking services with a community focus in the New York area.

• Deposit Products: Attracting funds from individuals and businesses through various accounts such as checking, savings, money market, and certificates of deposit.
• Commercial Real Estate Loans: Providing financing for the acquisition, development, and refinancing of income-producing properties like multi-family residences, retail centers, and office buildings.
• Commercial & Industrial Loans: Offering credit lines, term loans, and other financing solutions to businesses for working capital, equipment purchases, and expansion.
• Residential Mortgage Loans: Originating and servicing loans for the purchase or refinancing of one-to-four family residential properties.
• Cash Management Services: Providing businesses with tools and services to manage their daily cash flow, including treasury management, remote deposit capture, and online banking.

Dime Community Bancshares (DCOM), as a bank holding company, sells financial products and services primarily to individuals and businesses, rather than to other companies that would be considered major corporate customers in a traditional supply chain sense. Therefore, the company serves various categories of customers.

The up to three primary categories of customers that Dime Community Bancshares serves are:

1. Individual Consumers: This category includes individuals who utilize personal banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), residential mortgage loans, home equity lines of credit, and various other consumer loans.
2. Small to Medium-sized Businesses (SMBs): This category encompasses local and regional businesses that require commercial banking services. These services include business checking and savings accounts, commercial loans (e.g., lines of credit, term loans, equipment financing), treasury management services, and merchant services.
3. Commercial Real Estate Investors and Developers: A significant portion of a community bank's lending portfolio often consists of commercial real estate (CRE) loans. This category includes investors, developers, and property owners seeking financing for the acquisition, construction, renovation, or refinancing of various commercial properties, such as multi-family residences, office buildings, retail spaces, and industrial properties.

• Fiserv, Inc. (FISV)
• KPMG LLP
• Visa Inc. (V)
• Mastercard Incorporated (MA)

Stuart H. Lubow, President and Chief Executive Officer
Mr. Lubow was appointed CEO in May 2020. Before joining Dime in 2017, he was a founder, Chairman, President, and CEO of both Community National Bank and Community State Bank. He has over 17 years of prior community bank CEO experience.

Avinash Reddy, Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer
Mr. Reddy is the current Chief Financial Officer and took on the additional title of Chief Operating Officer in October 2025. His role was expanded earlier in 2024 to include responsibility for all client-facing deposit businesses.

Kenneth J. Mahon, Executive Chairman of the Board
Mr. Mahon has over 40 years of experience in the banking industry. He previously served as President, Chief Executive Officer & Director at Dime Community Bancshares from 2017 to 2020. His career also includes roles at Greenwich Savings Bank and The Provident Bank.

Thomas X. Geisel, Chief Commercial Officer
Mr. Geisel joined Dime Community Bancshares in February 2025 and was appointed Chief Commercial Officer, assuming responsibilities from the retiring Conrad Gunther.

Christopher Porzelt, Executive Vice President & Chief Risk Officer
Mr. Porzelt is an Executive Vice President and the Chief Risk Officer for Dime Community Bancshares.

The key risks to Dime Community Bancshares (DCOM) primarily stem from intense market competition, concentrated exposure to the New York commercial real estate market, and challenges related to operating costs and profitability.

1. Increasing Competition from Larger National Banking Institutions: Dime Community Bancshares operates as a regional bank in a highly competitive environment. It faces significant pressure from larger national banks that command a substantial share of total U.S. banking assets and possess considerably greater asset sizes.
2. Concentrated Regional and Commercial Real Estate Exposure: The company's business model is heavily focused on the New York metropolitan market, including Long Island, with a notable exposure to commercial real estate (CRE) within this concentrated region. This geographic and sectorial concentration could make DCOM vulnerable to regional economic downturns or specific challenges within the New commercial real estate market.
3. Pressure on Earnings and Profitability from Operating Costs: Dime Community Bancshares has experienced annual revenue growth that has been below the banking sector's standards in recent years. Its net interest margin reflects high servicing and capital costs, and annual earnings per share growth has underperformed revenue, suggesting that incremental sales are becoming less profitable. Furthermore, ongoing expansion efforts, particularly through a branch-driven model, pose a risk of higher operating costs potentially outpacing near-term revenue benefits.

The clear emerging threat to Dime Community Bancshares is the increasing direct foray of large technology companies into traditional banking services. These tech giants, leveraging their vast customer bases, brand loyalty, and advanced data analytics, are beginning to offer core banking products that directly compete with community banks. A prime example is Apple's introduction of high-yield savings accounts, which directly competes for deposits—a fundamental component of DCOM's funding and revenue generation. This trend represents a new class of competitor with immense resources and technological agility, distinct from traditional banks or even established fintechs, capable of rapidly attracting customers away from local institutions without the overhead of a physical branch network.

Dime Community Bancshares (DCOM) primarily operates in the New York metropolitan area, including Long Island and various New York City boroughs, with recent expansion into Lakewood, New Jersey. The company provides a range of commercial and consumer banking services, as well as wealth management and title insurance.

The estimated addressable market sizes for Dime Community Bancshares' main products and services in the U.S. are as follows:

• Commercial Real Estate (CRE) Lending: The U.S. commercial real estate mortgage market, including income-producing properties and construction loans, was approximately $4.97 trillion as of March 2023. Total commercial real estate mortgage borrowing and lending in the U.S. was estimated at $498 billion in 2024 and is projected to climb to $583 billion in 2025.
• Small Business Lending: The total estimated value of the small business lending market in the U.S., according to the Consumer Financial Protection Bureau (CFPB), is $1.4 trillion. More specifically, the U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033.
• Consumer Banking/Deposit Products: Total deposits across all commercial banks in the U.S. were reported at approximately $18.5 trillion as of October 22, 2025. Small domestically chartered commercial banks held about $5.57 trillion in deposits as of the same date.
• Wealth Management: The Assets under Management (AUM) in the wealth management market in the Americas are predicted to reach $67.75 trillion by 2024. Financial advisory services, a key component, are estimated to have a volume of $65.87 trillion in the Americas for 2024.
• Title Insurance Services: null

• Net Interest Margin (NIM) Expansion: The company anticipates further expansion of its Net Interest Margin, a crucial profitability metric for banks. This is expected to be driven by reduced deposit costs, stable loan yields, and significant loan repricing opportunities slated for 2026 and 2027. Management highlighted a 10-basis-point increase in the spread between loan and deposit costs following a recent Federal Reserve rate cut, which is projected to continue driving NIM expansion.
• Robust Business Loan Growth: Dime Community Bancshares has demonstrated strong business loan growth, with an increase of over $160 million in Q3 2025 and over $400 million year-over-year. The bank maintains a significant loan pipeline valued at $1.2 billion, with weighted average rates between 6.50% and 6.75%, indicating continued strong future loan origination.
• Strategic Branch Expansion: The company is actively expanding its physical presence to increase market share and customer acquisition. A new branch has been opened in Manhattan, with additional branches planned for New Jersey and Long Island in early 2026. This strategic expansion aims to enhance the bank's market presence and competitive advantage.
• Targeted Recruitment of Commercial Bankers: Dime Community Bancshares is focusing on enhancing its commercial banking sector through the recruitment of talented bankers. These new hires are expected to meaningfully contribute to business loan growth, leveraging disruption in the local marketplace.

Share Repurchases

• Dime Community Bancshares authorized a new stock repurchase program on May 26, 2022, allowing for the purchase of up to 1,948,314 shares, or 5% of its outstanding common stock as of that date, upon the completion of a previously existing program.
• As of March 31, 2024, 1,566,947 shares remained available for repurchase under the authorized program, although no shares were repurchased during the first quarter of 2024.
• Under the buyback plan announced on May 26, 2022, the company completed the repurchase of 589,368 shares for $17.88 million.

Share Issuance

• On November 12, 2024, Dime Community Bancshares priced a public offering of 3,906,250 shares of common stock at $32.00 per share, aiming for aggregate gross proceeds of $125 million.
• The offering, which closed on November 13, 2024, included the full exercise of the underwriters' option to purchase an additional 585,937 shares, resulting in total gross proceeds of approximately $144 million and net proceeds of $136 million.
• The proceeds from this offering are intended to support organic growth, working capital, investments in the bank subsidiary, and potential balance sheet optimization strategies.

Outbound Investments

• In December 2024, Dime Community Bancshares completed a repositioning of its available-for-sale investment securities portfolio by selling $379 million of lower-yielding debt securities and purchasing an equivalent amount of new debt securities with a higher weighted average yield of 5.08%.

Capital Expenditures

• Dime Community Bancshares has an annual 5-year growth rate for capital expenditures of 29.5%.