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.

Earnings data Q4 2020

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Earnings data Q1 2024

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Earnings data Q3 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.

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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.

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.

Dime Community Bancshares, Inc. Reports Second Quarter 2024 Results With Earnings Per Share Increasing By 5% Versus the Prior Quarter

HAUPPAUGE, N.Y., July 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 received regulatory approval from the New York State Department of Financial Services and the Federal Reserve Bank of New York for its application to open a location in Westchester County, at 55 Church Street in White Plains.

Dime Announces New Westchester Branch

Dime Community (DCOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Dime Community (DCOM) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Dime Community (DCOM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Dime Community (DCOM) Stock Jumps 5.6%: Will It Continue to Soar?

HAUPPAUGE, N.Y., July 11, 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 June 30, 2024 before the open of the U.S. equity markets on Tuesday, July 23, 2024.

Dime Community Bancshares to Release Earnings on July 23, 2024

HAUPPAUGE, N.Y., July 09, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company”) (NASDAQ: “DCOM”), the parent company of Dime Community Bank (the “Bank”), today announced that in connection with its previously disclosed public offering of its 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (the “Notes”) that closed on June 28, 2024, the underwriters of such offering have exercised their overallotment option in full to purchase an additional $9,750,000 aggregate principal amount of Notes.

Dime Community Bancshares, Inc. Announces Full Exercise of Underwriters' Overallotment Option

HAUPPAUGE, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company”) (NASDAQ: “DCOM”), the parent company of Dime Community Bank (the “Bank”), announced today the completion of its public offering and sale of $65,000,000 of its 9.000% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”).

Dime Community Bancshares, Inc. Announces Completion of Subordinated Notes Offering

HAUPPAUGE, N.Y., June 26, 2024 (GLOBE NEWSWIRE) --  Dime Community Bancshares, Inc. (the “Company”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), today announced that the pricing of its offering of $65,000,000 of its 9.000% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”).

Dime Community Bancshares, Inc. Announces Pricing of Subordinated Notes Offering

HAUPPAUGE, N.Y., June 20, 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 a deposit-focused Group that will cover the Manhattan market.

Dime Announces Expansion in Manhattan With Deposit-Focused Group

HAUPPAUGE, N.Y., June 20, 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 July 24, 2024, to common stockholders of record as of July 17, 2024.

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

HAUPPAUGE, N.Y., June 17, 2024 (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. KBRA affirmed the Bank's senior unsecured debt rating of “BBB+” and the Company's senior unsecured debt rating of “BBB”.

Kroll Bond Rating Agency Maintains Dime's Outlook at “Stable” and Affirms Ratings

HAUPPAUGE, N.Y., May 28, 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 John Murphy has joined the Company as Group Head of a newly created Not-For-Profit vertical.

Dime Names John Murphy Head of New Not-For-Profit Vertical

HAUPPAUGE, N.Y., May 23, 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 Judy Wu has been appointed Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank.

Dime Hires Judy Wu as Executive Vice President, General Counsel and Corporate Secretary

HAUPPAUGE, N.Y., May 08, 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 it has hired industry veteran Kenneth Scheriff. Mr. Scheriff will be part of Dime's commercial lending group. He had a long and successful career at State Bank of Long Island and was most recently at New York Community Bancorp.

Dime Hires Veteran Long Island Banker

HAUPPAUGE, N.Y., May 06, 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 a deposit-focused Group that will cover the Williamsburg market.

Dime Announces Expansion in Williamsburg With Deposit-Focused Group

HAUPPAUGE, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today key technology enhancements for its business customers.

Dime Announces Technology Upgrades for Business Customers

Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Stuart Lubow - President and CEO Avinash Reddy - SVP and CFO Conference Call Participants Steve Moss - Raymond James Gregory Zingone - Piper Sandler Manuel Navas - D.A. Davidson & Co. Christopher O'Connell - KBW Operator Good day, and thank you for standing by.

Dime Community Bancshares, Inc. (DCOM) Q1 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 March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Dime Community (DCOM) Reports Q1 Earnings: What Key Metrics Have to Say

Dime Community (DCOM) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.95 per share a year ago.

Dime Community (DCOM) Q1 Earnings and Revenues Top Estimates

Core Deposit Growth of 19% Annualized Versus Year End Dime Has Been Executing on Growth Plan And Has Recruited Numerous Talented Groups of Bankers to Position Itself for Future Growth Capital Ratios Continue to Increase and Asset Quality Remains Stable HAUPPAUGE, N.Y., April 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 $15.9 million for the quarter ended March 31, 2024, or $0.41 per diluted common share, compared to $14.5 million, or $0.37 per diluted common share, for the quarter ended December 31, 2023, and $35.5 million, or $0.92 per diluted common share for the quarter ended March 31, 2023.

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