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. ...

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 o ...

The Company intends to use the net proceeds of the Offering for general corporate purposes, including supporting organic growth initiatives, and to support the Company and Bank's regulatory capital ratios. Dime Community Bancshares, Inc. Investor Relations Contact: Avinash Reddy Senior Executive Vice President — Chief Financial Officer Phone: 718-782-6200; Ext. 5909 Email: avinash.reddy@dime.com (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 ...

Core Viewpoint - Dime Community Bancshares, Inc. has announced the pricing of its offering of $65 million in subordinated notes with a fixed-to-floating interest rate, aimed at enhancing its regulatory capital ratios and supporting growth initiatives [11][12]. Group 1: Offering Details - The offering consists of $65 million of 9.000% fixed-to-floating rate subordinated notes due 2034, with an additional option for underwriters to purchase up to $9.75 million for over-allotments [11]. - The notes will initially bear interest at 9.000% per annum, with interest payable quarterly, and will reset to a floating rate starting July 15, 2029 [5]. - The expected closing date for the transaction is around June 28, 2024, subject to customary conditions [12]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including supporting organic growth initiatives and enhancing the Company and Bank's regulatory capital ratios [6]. Group 3: Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $13.5 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [8].