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.

Although the revenue and EPS for Dime Community (DCOM) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dime Community (DCOM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Total Deposits Grow By Over $276 Million on a Year-Over-Year Basis; Growth Driven By Deposit Gathering Group Hires Capital Ratios Continue to Increase and Asset Quality Remains Stable HAUPPAUGE, N.Y., Jan. 26, 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 $88.8 million for the year ended December 31, 2023, or $2.29 per diluted common share, compared to net income available to common stockholders of $145.3 million for the year ended December 31, 2022, or $3.73 per diluted common share.

Dime Community Bancshares, Inc. Reports Fourth Quarter 2023 Results

Evaluate the expected performance of Dime Community (DCOM) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Dime Community (DCOM) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

HAUPPAUGE, N.Y., Jan. 16, 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 December 31, 2023 before the open of the U.S. equity markets on Friday, January 26, 2024.

Dime Community Bancshares to Release Earnings on January 26, 2024

HAUPPAUGE, N.Y., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that it will return as the lead sponsor for the 5th consecutive year. The Dime McCarren 5K supports St Nick's Alliance, which supports and manages affordable housing and educational programs for under privileged youth.

Dime Announces Continued Partnership for the Dime McCarren 5K in 2024

HAUPPAUGE, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that it will continue to be the lead sponsor for the 8th consecutive year. The Brooklyn Public Library PowerUP! Competition focuses on up-and-coming small businesses in Brooklyn, and awards grants to the top finalists.

Dime Announces Sponsorship for the Brooklyn Public Library PowerUP! Competition

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On October 25 2023 an on-line edition of Fortune Magazine revealed 100 Fastest Growing Public Companies. My Dogcatcher quest to sniff-out dividend-buys found 57 dividend-paying fast-growers using YCharts 11/1/23 data. The companies featured on the fastest-growing companies list, which ranks companies based on growth in revenue, profits, and stock returns, are worth a combined $4 trillion in market capitalization. 57 dividend yielding stocks highlighted those 100 fastest-growers and ranged 0.04% to 15.8% in annual-yield, while the 100 ranged -73.61% to 122.42% in broker-estimated one-year price-target-upsides by YCharts 11/1/23 reckoning.

9 Ideal November Fortune Fast Growers Out Of 100

Dime Community Bancshares, Inc. (DCOM) Q3 2023 Earnings Call Transcript

Dime Community (DCOM) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.95 per share a year ago.

Dime Community (DCOM) Q3 Earnings Beat Estimates

Growth in New Commercial Customers Leads to Average Deposits Increasing By $128 Million on a Linked Quarter Basis

Dime Community Bancshares, Inc. Reports Third Quarter 2023 Results

HAUPPAUGE, N.Y., Oct. 05, 2023 (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, 2023 before the open of the U.S. equity markets on Thursday, October 19, 2023. The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, October 19, 2023, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company's third quarter financial performance. There will be a question-and-answer period after the CEO remarks. The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/616795871.

Dime Community Bancshares to Release Earnings on October 19, 2023

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023.

Dime Community Bancshares Inc. Announces Retirement of Marcia Z. Hefter from Board of Directors

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023. Ms. Germano will fill the position vacated by the retirement of Marcia Z. Hefter.

Dime Community Bancshares Inc. Appoints Judith H. Germano to its Board of Directors

Dime Community Bancshares' stock has fallen significantly this year due to a decline in deposits and profitability, as well as concerns over the industry. Despite these challenges, the bank offers upside potential and is considered a cheap investment opportunity. The company has experienced growth in its loan portfolio and has a manageable level of debt, making it an appealing prospect.

Dime Community Bancshares: As Cheap As Its Name Suggests

Is Dime Community Bancshares (DCOM) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Choose Dime Community Bancshares (DCOM) Stock?

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A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

Regional banks facing credit losses for commercial real estate: Moody's study

NEW YORK--(BUSINESS WIRE)-- #KBRA--On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company"). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidi.

KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.

Dime continues to capitalize on disruption in the marketplace from previously announced large M&A transactions involving competitors Dime continues to capitalize on disruption in the marketplace from previously announced large M&A transactions involving competitors

Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Kevin O'Connor - Chief Executive Officer Stu Lubow - President and COO Avi Reddy - Senior Executive Vice President and CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Manuel Navas - D.A. Davidson Operator [Started Abruptly] Apologies, everyone.

Dime Community Bancshares, Inc. (DCOM) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Dime Community (DCOM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dime Community (DCOM) Reports Q2 Earnings: What Key Metrics Have to Say

Dime Community (DCOM) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.01 per share a year ago.

Dime Community (DCOM) Surpasses Q2 Earnings and Revenue Estimates

Average Deposits Increased By Over $150 Million On A Linked Quarter Basis Successfully Onboarded 7 Deposit Groups, Capitalizing on Moment-In-Time Opportunity to Enhance Deposit Franchise Capital Ratios and Asset Quality Continue to Be Strong Announces CEO Succession Plan; Stuart H. Lubow named Successor HAUPPAUGE, N.Y.

Dime Community Bancshares, Inc. Reports Second Quarter 2023 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) Q2 Earnings Expected to Decline

HAUPPAUGE, N.Y., July 06, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended June 30, 2023 before the open of the U.S. equity markets on Friday, July 28, 2023. The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, July 28, 2023, during which Chief Executive Officer (“CEO”), Kevin O'Connor, will discuss the Company's second quarter financial performance. There will be a question-and-answer period after the CEO remarks. The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/893173701.

Dime Community Bancshares to Release Earnings on July 28, 2023

Dime Community Bancshares' Q1 earnings remained stable despite a decrease in net interest income, with operating expenses falling by approximately $2.5 million. Concerns arise from the bank's income relative to its loan portfolio size and the amount of pandemic era loans on its balance sheet, potentially burdening loan yields beyond 2023. Despite selling Dime Community Bancshares' preferred shares due to these concerns, the bank does offer a 5% coupon bond that matures in 2032, yielding approximately 9%.

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