cagkansayin Introduction Dime Community Bancshares (NASDAQ:DCOM) is a regional bank located in New York. The bank has struggled to manage the constraints of a higher interest rate market and an industry fight to preserve/attract deposits. Last year, I wrote about my avoidance of the bank's preferred shares (NASDAQ:DCOMP). Recently, the bank announced a new fixed-to-floating baby bond (NASDAQ:DCOMG) with a 9% coupon until 2029, and then a floating rate of three-month SOFR plus 495.1 basis points until 2034. ...

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 Confere ...

Company Performance - Dime Community (DCOM) reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, but down from $0.68 per share a year ago [1] - The company achieved revenues of $87.31 million for the quarter, surpassing the Zacks Consensus Estimate by 6.23%, although this is a decrease from $90.62 million year-over-year [9] - Over the last four quarters, Dime Community has surpassed consensus EPS estimates three times [2][9] Earnings Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $85.45 million, and for the current fiscal year, it is $1.66 on revenues of $337.56 million [12] - The estimate revisions trend for Dime Community is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [5] Industry Context - Dime Community operates within the Banks - Southeast industry, which is currently ranked in the bottom 38% of over 250 Zacks industries [6] - The industry outlook can significantly impact the stock's performance, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [6] - Dime Community shares have underperformed the market, losing about 11.4% since the beginning of the year, compared to the S&P 500's gain of 16.7% [10]

Strong Core Deposit Growth Drives 20 Basis Points of Net Interest Margin Expansion Highlights for the Second Quarter of 2024 Included: Net Interest Income Loan Portfolio (Dollars in thousands) Balance Loans held for investment balances at period end: Business loans (2) $ One-to-four family residential, including condominium and cooperative apartment Multifamily residential and residential mixed-use (3)(4) Non-owner-occupied commercial real estate (Dollars in millions) Q2 2024 Q1 2024 Q2 2023 Loan originatio ...

Page 1 Exhibit 99.1 Dime Community Bancshares, Inc. Reports Second Quarter 2024 Results With Earnings Per Share Increasing By 5% Versus the Prior Quarter Deposit and Business Loan Growth Driven by Execution of Growth Plan; Successfully Onboarded Eight New Deposit Groups in the Second Quarter Hauppauge, NY, 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 c ...

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. Stuart H. Lubow, President and Chief Executive Officer of Dime said "We are excited ...

Stuart H. Lubow, President and Chief Executive Officer of Dime said "We are excited to announce the approval of our application for a new branch in White Plains. Our expansion into Westchester County is an important and logical next step in our growth plan. The ability to grow our footprint and serve customers in Westchester County is a tribute to Dime's strength and stability for over 160 years. Our team in Westchester is led by Michael Maloney, who will focus on business customers and their owners, and Jo ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $82.19 million, down 9.3% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings releas ...

This is a positive development for banks that are already reeling under the Fed's aggressive monetary tightening. As the rates come down, so will banks' funding costs. Also, demand for loans is expected to improve. Hence, the investors turned bullish on banking sector stocks, driving DCOM higher. Dime Community (DCOM) shares soared 5.6% in the last trading session to close at $23.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock' ...

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. The Company will conduct a conference call at 9:00 a.m. (ET) on Tuesday, July 23, 2024, during which President and Chief Executive Officer ("CEO"), Stuart Lubow, will discuss the Company's second quarter financial performance. ...