Dime Community Bancshares Inc. 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (DCBG)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with what is known. This is a subordinated note, so I am a creditor behind senior debt, not an owner. At the 2026-10-16 close the price was $26.00, within a 52-week range of $25.00 to $26.97; that is near the top of the range, and no par value or yield-to-maturity is supplied, so I cannot calculate a margin of safety. The 9.000% fixed-to-floating coupon due 2034 offers high stated income, but high coupon can compensate for credit and duration risk. Filed figures show fiscal Q2 2026, the quarter ended 2026-06-30, revenue of $6.5M, net income of $34.8M, and diluted EPS of $0.75; fiscal Q1 2026 had revenue of $5.7M, net income of $34.6M, and diluted EPS of $0.75. For FY2025, revenue was $19.9M, net income $110.7M, and diluted EPS $2.36, versus FY2024 net income of $29.1M and EPS of $0.55. That is a large jump, while FY2023 net income was $96.1M, so the trend is uneven. FairStock calls it a FAST GROWER from 21.2% profit and 29.0% revenue growth, but FairStock's P/E, P/B, ROE, ROCE, and D/E are N/A in the data. Also, revenue below net income is an accounting presentation oddity I cannot resolve. The business may have a deposit franchise, but the figures do not prove a moat or adequate subordination coverage.

In plain English: This is a bond-like security issued by Dime Community Bancshares that pays a set 9.000% rate for a time and then a variable rate, maturing in 2034. The issuer's filed figures show positive net income and earnings per share, but the reported revenue is unusually small compared with net income and no price-to-earnings, price-to-book, return or debt ratios are available. At $26.00, the note sits near the top of its 52-week range of $25.00 to $26.97, so the price looks full rather than cheap based on the limited data.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer