Dime Community Bank

Dime Community Bancshares, Inc. operates as a bank holding company. The company is engaged in commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank. It provides deposit and loan products and financial services to local businesses, consumers and municipalities. It offers business banking, commercial lending and personal banking services. The company was founded in 1864 and is headquartered in Hauppauge, NY.

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Earnings data Q4 2024

Dime Community Bank posts robust earnings, eyes growth opportunities ahead

Dime Community Bank (DCOM) excelled in Q4 2022 and full-year performance, showcasing strong financials and asset quality.
While challenges like managing margins and deposit betas exist, opportunities in loan growth and portfolio optimization are key focus areas.
Strategic shifts towards C&I and CRE loans, alongside maintaining stable asset quality, position Dime for growth and value creation.
Balancing growth targets with maintaining efficiency and asset quality will be crucial for Dime's success in 2023 and beyond.

Dime Community Bank posts robust Q1 earnings amidst rate challenges

Dime Community Bank's Q1 performance reflects strong earnings growth and stable credit quality.
While facing challenges from the yield curve and historical rate adjustments, the bank remains focused on growth.
Opportunities lie in enhancing loan growth, transitioning to higher yielding assets, and leveraging its strong lending capabilities.
Overall, Dime's strategic moves and financial discipline position it well for future success.

Dime Community Bank reports solid Q2 performance and strategic succession

Dime Community Bank's Q2 performance showcased resilience and growth amidst challenges.
New CEO succession and focus on relationship-based services signal strategic continuity.
Emphasis on technology enhancements and deposit growth positions Dime for future opportunities.
Balancing asset quality, expense management, and growth strategies key for sustained success.

Dime Community Bank excels in Q3 amidst sector challenges

Dime Community Bank's Q3 showcased resilience and strategic focus. Strong deposit growth, stable asset quality, and prudent expense management were key highlights. The bank's emphasis on efficiency and growth avenues bode well for future performance.

Dime Community Bank reports resilient 2023 performance and strategic growth

Dime Community Bank's Q4 2023 performance reflects resilience and strategic growth.
The bank is navigating challenges in loan repricing and expense management.
Opportunities lie in M&A, deposit growth, and optimizing reserves for business banking.

Dime Community Bank posts strong Q1 results, eyes growth opportunities

Dime Community Bank's Q1 2024 performance reflects a strong financial position, strategic growth initiatives, and a focus on revenue generation. While challenges in expense management and loan growth persist, the bank is well-positioned to leverage opportunities in new lending verticals and client support.

Dime Community Bank excels in Q2 2024, eyes repricing opportunities

Dime Community Bank's Q2 2024 performance reflects strong fundamentals, solid asset quality, and strategic growth initiatives. While challenges related to interest rate dynamics persist, the bank is well-positioned to capitalize on upcoming repricing opportunities and drive continued profitability.

Dime Community Bank reports strong Q3 performance amidst margin challenges

Dime Community Bank delivered a solid performance in Q3 2024, marked by growth in deposits, loans, and net interest margin.
While facing challenges related to margin dynamics and credit quality, the bank's strengths in financial health and strategic foresight position it well for future opportunities.
By focusing on market disruption, loan growth, and risk management, Dime Community Bank aims to sustain growth and navigate industry challenges effectively.

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Dime Community Bancshares, Inc. is a holding company. It engages in the provision of commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank. The company was founded in 1864 and is headquartered in Hauppauge, NY.

HAUPPAUGE, N.Y., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended December 31, 2024 before the open of the U.S. equity markets on Thursday, January 23, 2025.

Dime Community Bancshares to Release Earnings on January 23, 2025

HAUPPAUGE, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company”), the parent company of Dime Community Bank (the “Bank” or “Dime”) announced today that Dime recently received an overall “Outstanding” Community Reinvestment Act (“CRA”) rating from the Federal Reserve Bank of New York (“FRBNY”).

Dime Receives “Outstanding” Rating on Community Reinvestment Act Exam from Federal Reserve Bank of New York

Dime Community (DCOM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Dime Community (DCOM) Loses -14.22% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

HAUPPAUGE, N.Y., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Michael P.

Dime Community Bancshares, Inc. Announces Retirement of Michael P. Devine from Board of Directors

HAUPPAUGE, N.Y., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on January 24, 2025 to common stockholders of record as of January 17, 2025.

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

HAUPPAUGE, N.Y., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today announced the completion of a repositioning of its available-for-sale investment securities portfolio.

Dime Community Bancshares, Inc. Provides Update on Investment Portfolio Repositioning and Pension Termination

Dime Community Bancshares has seen significant improvements in net interest income due to 6% year-over-year deposit growth. DCOM's loan to deposit ratio has moderated to 95%, reducing external borrowing and lowering future borrowing costs. Risks include high loan concentration in multifamily lending and non-owner-occupied commercial real estate, with an inadequate allowance for credit losses.

Dime Community Bancshares: Consider Shifting From Baby Bonds To Preferred Shares

HAUPPAUGE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime” or the “Company”), the parent company of Dime Community Bank, announced the closing of its public offering of 4,492,187 shares of its common stock, $0.01 par value (the “Common Stock”), at a public offering price of $32.00 per share, which included 585,937 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock.

Dime Community Bancshares Announces Closing of Common Stock Offering

HAUPPAUGE, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime” or the “Company”), the parent company of Dime Community Bank, announced the pricing of a public offering of 3,906,250 shares of its common stock, $0.01 par value (the “Common Stock”), at a public offering price of $32.00 per share, for aggregate gross proceeds of $125 million.

Dime Community Bancshares Announces Pricing of Common Stock Offering

HAUPPAUGE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP and DCOMG) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2024 to holders of record as of November 8, 2024.

Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock

Dime Community Bancshares Inc (NASDAQ:DCOM ) Q3 2023 Results Conference Call October 22, 2024 9:00 AM ET Company Participants Stuart Lubow - President and CEO Avi Reddy - CFO Conference Call Participants Steve Moss - Raymond James Manuel Navas - D.A. Davidson Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Inc Christopher O'Connell - Keefe, Bruette and Woods Operator Good day, and thank you for standing by.

Dime Community Bancshares Inc (DCOM) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Dime Community (DCOM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dime Community (DCOM) Reports Q3 Earnings: What Key Metrics Have to Say

Dime Community (DCOM) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.56 per share a year ago.

Dime Community (DCOM) Q3 Earnings Lag Estimates

Acceleration in Core Deposit Growth Drives Increase in Quarterly Net Interest Margin to 2.50% Balance Sheet Well Positioned to Benefit From Federal Reserve Rate Cuts HAUPPAUGE, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $11.5 million for the quarter ended September 30, 2024, or $0.29 per diluted common share, compared to $16.7 million, or $0.43 per diluted common share, for the quarter ended June 30, 2024, and $13.2 million, or $0.34 per diluted common share for the quarter ended September 30, 2023.

Dime Community Bancshares, Inc. Reports Third Quarter 2024 Results

Dime Community (DCOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Dime Community (DCOM) Q3 Earnings Expected to Decline

HAUPPAUGE, N.Y., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended September 30, 2024 before the open of the U.S. equity markets on Tuesday, October 22, 2024.

Dime Community Bancshares to Release Earnings on October 22, 2024

HAUPPAUGE, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on October 24, 2024, to common stockholders of record as of October 17, 2024.

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

HAUPPAUGE, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it has hired Jason (“Jay”) Quinn as Senior Relationship Manager within its middle market C&I lending operations.

Dime Enhances Middle Market Lending Presence on Long Island

Dime Community (DCOM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Dime Community (DCOM): Can Its 10.5% Jump Turn into More Strength?

Dime Community Bancshares has struggled with higher interest rates and deposit competition. The latest financial results show improvements in net interest spread and income, despite challenges. Baby bond offering with 9% coupon provides higher income potential for investors compared to common and preferred shares.

Dime Community Bancshares: New 9% Coupon Baby Bond Offers Attractive Income

Belden

Simplify Enhanced Income ETF

Morgan Stanley

New York Mortgage Trust

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Oxford Lane Capital

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

Regions Financial

Trinity Capital

New offerings from New York Mortgage Trust, Dime Community Bancshares, and Oxford Lane Capital Corp. with fixed coupon rates and credit ratings. DCOMG achieved a perfect CDx3 Compliance Score, while Morgan Stanley and Regions Financial Corporation also priced new preferred stock offerings. Investors can buy new shares at wholesale prices through the OTC exchange, track past preferred stock IPOs below par, and stay updated on the current marketplace offerings.

New Preferred Stock And Exchange Traded Debt IPOs, July 2024

HAUPPAUGE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP and DCOMG) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 15, 2024 to holders of record as of August 8, 2024.

Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Stuart Lubow - President and Chief Executive Officer Avinash Reddy - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Gregory Zingone - Piper Sandler Manuel Navas - D.A. Davidson Steve Moss - Raymond James Christopher O'Connell - KBW Operator Thank you for standing by and welcome to Dime Community Bancshares, Inc. Second Quarter Earnings Conference Call.

Dime Community Bancshares, Inc. (DCOM) Q2 2024 Earnings Call Transcript

Dime Community (DCOM) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.68 per share a year ago.

Dime Community (DCOM) Beats Q2 Earnings and Revenue Estimates

Strong Core Deposit Growth Drives 20 Basis Points of Net Interest Margin Expansion Deposit and Business Loan Growth Driven by Execution of Growth Plan; Successfully Onboarded Eight New Deposit Groups in the Second Quarter Subordinated Debt Offering Bolsters Total Capital Ratio to 14.5% HAUPPAUGE, N.Y., July 23, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $16.7 million for the quarter ended June 30, 2024, or $0.43 per diluted common share, compared to $15.9 million, or $0.41 per diluted common share, for the quarter ended March 31, 2024, and $25.7 million, or $0.66 per diluted common share for the quarter ended June 30, 2023.

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