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. Welcome to the Dime Community Bancshares First Quarter Earnings Call. At this time, all participants are in listen-only mode ...

For the quarter ended March 2024, Dime Community (DCOM) reported revenue of $82 million, down 13.5% over the same period last year. EPS came in at $0.38, compared to $0.95 in the year-ago quarter.The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $80.15 million. With the consensus EPS estimate being $0.37, the EPS surprise was +2.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.70%. A quarter ago, it was expected that this bank holding company would post earnings of $0.48 per share when it actually produced earnings of $0.39, delivering a surprise of -18.75%.Over the last four quarters, ...

Hauppauge, NY, 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 ...

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 fo ...

HAUPPAUGE, N.Y., April 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 March 31, 2024 before the open of the U.S. equity markets on Tuesday, April 23, 2024. The Company will conduct a conference call at 9:00 a.m. (ET) on Tuesday, April 23, 2024, during which President and Chief Executive Officer ("CEO"), Stuart Lubow, will discuss the Company's first quarter financial performance ...

HAUPPAUGE, N.Y., April 11, 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 Klaudio Nikolla as Senior Vice President and Group Leader within its middle market C&I lending operations. Klaudio comes to Dime from Peapack-Gladstone Bank where he held the position of Senior Managing Director. "I joined Dime given my confidence in their ability to respond to customers quickly, combi ...

HAUPPAUGE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company" or "Dime") (NASDAQ:DCOM), the parent company of Dime Community Bank (the "Bank"), announced the hiring of six deposit-focused Groups from the former Signature Bank and its successor, Flagstar Bank. Collectively, the Groups managed several billion in deposits at predecessor institutions. Commenting on the new Group hires, Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "Building upon the s ...

HAUPPAUGE, N.Y., April 04, 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 will sponsor the Economic Opportunity Council (EOC) of Suffolk County. The EOC supports homeless prevention and family development on Long Island. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with ove ...

HAUPPAUGE, N.Y., March 29, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced today the launch of Zelle® for Business. Commenting on the launch of Zelle® for Business, Michael Fegan, Chief Technology and Operations Officer at Dime said "We are very excited to launch Zelle® for business today. It reinforces Dime's commitment to bring top-tier technology and solutions to our Private & Commercial ban ...