Dime Community Bancshares, Inc. /NY/ 8-K

What Happened Dime Community Bancshares, Inc. filed an 8-K on January 26, 2026 announcing it intends to redeem at par all $40,000,000 principal amount of its Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026. The company said the redemption will be funded with cash on hand and is expected to be accretive to earnings per share. The Board also reauthorized repurchases of up to 1,566,947 additional common shares under the company’s existing repurchase plan.

Key Details

• Redemption: $40,000,000 principal amount of subordinated debentures due 2030 to be redeemed at par on March 30, 2026.
• Funding & Impact: Redemption to be funded with cash on hand and described as accretive to EPS.
• Share Repurchase: Board reauthorized repurchase of up to 1,566,947 common shares remaining under the existing program.
• Timing/Conditions: Any repurchases depend on market conditions, regulatory approvals, and other factors; no guarantee repurchases will occur in full or at all.

Why It Matters Redeeming subordinated debentures reduces the company’s subordinated debt and interest obligations, which can strengthen capital metrics and boost reported EPS as noted by management. Reauthorizing share repurchases gives the company flexibility to return capital to shareholders if conditions and approvals permit. Both actions are part of the company’s stated capital management strategy and are material for investors tracking DCOM’s capital structure, liquidity use, and potential shareholder returns.