Page 1 Exhibit 99.1 Dime Community Bancshares, Inc. Reports Third Quarter 2024 Results 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, NY, October 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 f ...

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 ...

Core Insights - Dime Community Bancshares, Inc. has appointed Jason ("Jay") Quinn as Senior Relationship Manager to enhance its middle market Commercial & Industrial (C&I) lending operations [1][2] - Quinn brings over 26 years of experience from Citibank, where he held the position of Senior Vice President, Relationship Manager [2] - Dime Community Bancshares, Inc. has over $13.6 billion in assets and holds the top deposit market share among community banks in Greater Long Island [3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, a New York State-chartered trust company [3] - The bank has the number one deposit market share in Kings, Queens, Nassau, and Suffolk counties among community banks with less than $20 billion in assets [3] Strategic Focus - The company aims to grow its C&I business specifically in Long Island, leveraging Quinn's extensive background in relationship management [2]

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 ...

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]