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 ...

Dime Community (DCOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...

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. The Company will conduct a conference call at 9:00 a.m. (ET) on Tuesday, October 22, 2024, during which President and Chief Executive Officer ("CEO"), Stuart Lubow, will discuss the Company's third quarter financial per ...

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. Quinn was previously with Citibank for over twenty-six years, where he most recently served as Senior Vice President, Relationship Manager. He will be based in Melville and focused on growing Dime's C&I ...

Dime Community (DCOM) shares soared 10.5% in the last trading session to close at $28.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.2% gain over the past four weeks. Shares of Dime Community rallied for the fourth consecutive trading session and touched a new 52-week high of $29.21 as Raymond James upgraded it to Strong Buy from Outperform. The primary drivers for the upgrade were "core deposit growth momentum" and expec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34096 DIME COMMUNITY BANCSHARES, INC. (Exact name of registrant as specified in its charter) N/A (Former name or former ad ...

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 ...

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. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on ...

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 ...