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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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 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%.

Why I Sold Dime Community Bancshare's High Yielding Preferred Shares

HAUPPAUGE, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that Kroll Bond Rating Agency (“KBRA”) has affirmed all ratings of Dime Community Bancshares, Inc. and Dime Community Bank.

Kroll Bond Rating Agency Affirms Ratings for Dime Community Bancshares, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms 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 affirms 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 its main subsidiary, Dime Commun.

KBRA Affirms Ratings for Dime Community Bancshares, Inc.

HAUPPAUGE, N.Y., June 12, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today the launch of ZSuite for Commercial Escrow Management.

Dime Launches ZSuite to Expand Digital Banking Capabilities for Commercial Escrow Customers

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Capitalizes on Moment-In-Time Opportunity to Enhance Deposit Franchise Omar Kamil and Eric Shabat To Lead Dime's 5 th Deposit-Focused Group Moshe Mashiach and Joseph Nathan To Lead Dime's 6 th Deposit-Focused Group Consuelo Reynoso and Wana Stesevic To Lead Dime's 7 th Deposit-Focused Group HAUPPAUGE, N.Y., June 06, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today the hiring of two deposit-focused Groups from the former Signature Bank and one deposit-focused Group from the former First Republic.

Dime Hires Three Prolific Deposit-Focused Groups

HAUPPAUGE, N.Y., June 01, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that Moody's Investors Service (“Moody's”), has affirmed all ratings of Dime Community Bancshares, Inc. and Dime Community Bank.

Moody's Affirms Dime Community Bank's “A3” Deposit Rating

HAUPPAUGE, N.Y., May 16, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today the promotion of Steven Karaman to Corporate Treasurer.

Dime Names New Corporate Treasurer

HAUPPAUGE, N.Y., May 12, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), is proud to sponsor the Dime McCarren 5K on June 3rd, 2023. This is the 6th consecutive year Dime has partnered with St. Nick's Alliance to sponsor the event. St. Nick's Alliance is one of New York's oldest and most accomplished community development groups providing affordable housing for over 41 years.

Dime to Sponsor McCarren 5K

HAUPPAUGE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today a number of upgrades to its technology platform, including a move to a brand-new escrow management platform as well as enhanced digital banking capabilities. Dime expects to roll out these new capabilities starting in early June.

Dime Announces Upgrades to Technology Platform

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Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q1 2023 Earnings Call Transcript April 28, 2023 8:30 AM ET Company Participants Kevin O'Connor - Chief Executive Officer Stu Lubow - President and Chief Operating Officer Avi Reddy - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Manuel Navas - D.A. Davidson Chris O'Connell - KBW Operator Hello.

Dime Community Bancshares, Inc. (DCOM) Q1 2023 Earnings Call Transcript

Dime Community (DCOM) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a year ago.

Dime Community (DCOM) Q1 Earnings Beat Estimates

Total Deposits Increased by $316 Million Versus Year-End 2022 Results Marked By Prudent Expense Control and Increases in Liquidity and Risk-Based Regulatory Capital Ratios Announces Hiring of 4 Deposit Focused Groups, Capitalizing on Recent Market Disruption HAUPPAUGE, N.Y., April 28, 2023 (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 $35.5 million for the quarter ended March 31, 2023, or $0.92 per diluted common share, compared to $32.7 million for the quarter ended March 31, 2022 or $0.82 per diluted common share.

Dime Community Bancshares, Inc. Reports Strong First Quarter 2023 Results With Earnings Per Share Increasing by 12.2% On a Year-Over-Year Basis

HAUPPAUGE, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Tamara Gavrielof will join the Company as Senior Vice President, Group Director. Her team will be located in Whitestone. Most recently, Gavrielof was Senior Vice President and Group Director at Signature Bank.

Dime Names Tamara Gavrielof as Senior Vice President, Group Director

Dime Community (DCOM) Reports Next Week: What Awaits?

HAUPPAUGE, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Ravi Persaud will join the Company as First Vice President, Associate Group Director. His team will be located in Astoria. Most recently, Persaud was with Signature Bank since 2011.

Dime Names Ravi Persaud as First Vice President, Associate Group Director

HAUPPAUGE, N.Y., April 17, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Naor Boxer will join the Company as Senior Vice President, Group Director. His team will be located in Rockville Centre. Most recently, Boxer was Senior Vice President and Group Director at Signature Bank.

Dime Names Naor Boxer as Senior Vice President, Group Director

HAUPPAUGE, N.Y., April 11, 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 March 31, 2023 before the open of the U.S. equity markets on Friday, April 28, 2023. The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, April 28, 2023, during which Chief Executive Officer (“CEO”), Kevin O'Connor, will discuss the Company's first 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/220992518.

Dime Community Bancshares to Release Earnings on April 28, 2023

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