Dime Community Bank

Dime Community Bancshares, Inc. operates as a bank holding company. The company is engaged in commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank. It provides deposit and loan products and financial services to local businesses, consumers and municipalities. It offers business banking, commercial lending and personal banking services. The company was founded in 1864 and is headquartered in Hauppauge, NY.

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Dime Community Bank posts robust earnings, eyes growth opportunities ahead

Dime Community Bank (DCOM) excelled in Q4 2022 and full-year performance, showcasing strong financials and asset quality.
While challenges like managing margins and deposit betas exist, opportunities in loan growth and portfolio optimization are key focus areas.
Strategic shifts towards C&I and CRE loans, alongside maintaining stable asset quality, position Dime for growth and value creation.
Balancing growth targets with maintaining efficiency and asset quality will be crucial for Dime's success in 2023 and beyond.

Dime Community Bank posts robust Q1 earnings amidst rate challenges

Dime Community Bank's Q1 performance reflects strong earnings growth and stable credit quality.
While facing challenges from the yield curve and historical rate adjustments, the bank remains focused on growth.
Opportunities lie in enhancing loan growth, transitioning to higher yielding assets, and leveraging its strong lending capabilities.
Overall, Dime's strategic moves and financial discipline position it well for future success.

Dime Community Bank reports solid Q2 performance and strategic succession

Dime Community Bank's Q2 performance showcased resilience and growth amidst challenges.
New CEO succession and focus on relationship-based services signal strategic continuity.
Emphasis on technology enhancements and deposit growth positions Dime for future opportunities.
Balancing asset quality, expense management, and growth strategies key for sustained success.

Dime Community Bank excels in Q3 amidst sector challenges

Dime Community Bank's Q3 showcased resilience and strategic focus. Strong deposit growth, stable asset quality, and prudent expense management were key highlights. The bank's emphasis on efficiency and growth avenues bode well for future performance.

Dime Community Bank reports resilient 2023 performance and strategic growth

Dime Community Bank's Q4 2023 performance reflects resilience and strategic growth.
The bank is navigating challenges in loan repricing and expense management.
Opportunities lie in M&A, deposit growth, and optimizing reserves for business banking.

Dime Community Bank posts strong Q1 results, eyes growth opportunities

Dime Community Bank's Q1 2024 performance reflects a strong financial position, strategic growth initiatives, and a focus on revenue generation. While challenges in expense management and loan growth persist, the bank is well-positioned to leverage opportunities in new lending verticals and client support.

Dime Community Bank excels in Q2 2024, eyes repricing opportunities

Dime Community Bank's Q2 2024 performance reflects strong fundamentals, solid asset quality, and strategic growth initiatives. While challenges related to interest rate dynamics persist, the bank is well-positioned to capitalize on upcoming repricing opportunities and drive continued profitability.

Dime Community Bank reports strong Q3 performance amidst margin challenges

Dime Community Bank delivered a solid performance in Q3 2024, marked by growth in deposits, loans, and net interest margin.
While facing challenges related to margin dynamics and credit quality, the bank's strengths in financial health and strategic foresight position it well for future opportunities.
By focusing on market disruption, loan growth, and risk management, Dime Community Bank aims to sustain growth and navigate industry challenges effectively.

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Dime Community Bancshares, Inc. is a holding company. It engages in the provision of commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank. The company was founded in 1864 and is headquartered in Hauppauge, NY.

Robust Loan Originations Drive Over $1.3 Billion in Loan Growth for Fiscal Year 2022

Dime Community Bancshares, Inc. Reports Strong Fourth Quarter 2022 Results With Earnings Per Share Increasing By 19% On a Year-Over-Year Basis

Dime Community (DCOM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Dime Community (DCOM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HAUPPAUGE, N.Y., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended December 31, 2022 before the open of the U.S. equity markets on Friday, January 27, 2023. The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, January 27, 2023, during which Chief Executive Officer (“CEO”), Kevin O'Connor, will discuss the Company's fourth quarter financial performance. There will be a question-and-answer period after the CEO remarks. The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/499210648.

Dime Community Bancshares to Release Earnings on January 27, 2023

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Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q3 2022 Earnings Conference Call October 28, 2022 8:30 AM ET Company Participants Kevin O'Connor - CEO Stu Lubow - President & COO Avi Reddy - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Manuel Navas - D.A. Davidson Operator Hello everyone.

Dime Community Bancshares, Inc. (DCOM) CEO Kevin O'Connor on Q3 2022 Results - Earnings Call Transcript

Dime Community (DCOM) delivered earnings and revenue surprises of 3.26% and 4.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Dime Community (DCOM) Beats Q3 Earnings and Revenue Estimates

Robust Quarterly Loan Originations and Net Interest Margin Expansion Drive Net Interest Income Growth

Dime Community Bancshares, Inc. Reports Strong Third Quarter 2022 Results With Earnings Per Share Increasing By 10% On a Year-Over-Year Basis

Dime Community Bancshares (DCOM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Dime Community Bancshares (DCOM) Might Surprise This Earnings Season

Dime Community (DCOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Dime Community (DCOM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

HAUPPAUGE, N.Y., Oct. 05, 2022 (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, 2022 before the open of the U.S. equity markets on Friday, October 28, 2022. The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, October 28, 2022, during which Chief Executive Officer (“CEO”), Kevin O'Connor, will discuss the Company's third quarter financial performance. There will be a question-and-answer period after the CEO remarks. The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/927279052.

Dime Community Bancshares to Release Earnings on October 28, 2022

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HAUPPAUGE, N.Y., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Paul M. Aguggia to the Board of Directors effective as of September 21, 2022. Mr. Aguggia will fill the position vacated by the retirement of Vincent F. Palagiano.

Dime Community Bancshares Inc. Appoints Paul M. Aguggia to its Board of Directors

HAUPPAUGE, N.Y., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Vincent F. Palagiano is retiring from the Board of Directors, effective September 21, 2022.

Dime Community Bancshares Inc. Announces Retirement of Vincent F. Palagiano from Board of Directors

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Dime Community (DCOM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Dime Community (DCOM) Upgraded to Strong Buy: What Does It Mean for the Stock?

Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Kevin O'Connor - CEO Stu Lubow - President & COO Avi Reddy - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Manuel Navas - D.A. Davidson Matthew Breese - Stephens Chris O'Connell - KBW Operator Hello, and welcome to today's Dime Community Bancshares Incorporated Second Quarter Earnings Call.

Dime Community Bancshares' (DCOM) CEO Kevin O'Connor on Q2 2022 Results - Earnings Call Transcript

Robust Quarterly Loan Originations of $902 Million Drive Broad-Based Loan Growth Across All Major Loan Categories

Dime Community Bancshares, Inc. Reports Strong Second Quarter 2022 Results With Net Income Available to Common Stockholders Increasing By 12% Versus the Prior Quarter

The mean of analysts' price targets for Dime Community (DCOM) points to a 25.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Dime Community (DCOM)? Wall Street Analysts Think 25%

HAUPPAUGE, N.Y., July 06, 2022 (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, 2022 before the open of the U.S. equity markets on Friday, July 29, 2022. The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, July 29, 2022, during which Chief Executive Officer (“CEO”), Kevin O'Connor, will discuss the Company's second quarter financial performance. There will be a question-and-answer period after the CEO remarks. The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/191814872.

Dime Community Bancshares to Release Earnings on July 29, 2022

HAUPPAUGE, N.Y., July 05, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM), (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today the Bank has received an overall “Outstanding” Community Reinvestment Act of 1977 (“CRA”) rating from the Federal Reserve Bank of New York (“FRBNY”) for the exam in January 2022.

Dime Community Bank Earns “Outstanding” Rating on Community Reinvestment Act Exam

HAUPPAUGE, N.Y., May 26, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that its Board of Directors approved a new stock repurchase program, which authorizes the purchase of up to 1,948,314 shares, or 5% of its outstanding common stock as of May 25, 2022, upon completion of its existing previously authorized stock repurchase program (74,571 shares remain eligible for repurchase under the existing stock repurchase plan).

Dime Community Bancshares, Inc. Authorizes New Stock Repurchase Program

HAUPPAUGE, N.Y., May 03, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: “DCOM”), (the “Company”), the holding company for Dime Community Bank (the “Bank”), today announced that, subject to market and other conditions, it plans to offer $160 million aggregate principal amount of subordinated notes due 2032 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Dime Community Bancshares, Inc. Announces Launch of Subordinated Notes Offering

Dime Community Bancshares, Inc. (NASDAQ:DCOM ) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET Company Participants Kevin O'Connor - President & Chief Executive Officer Avinash Reddy - Senior Executive Vice President & Chief Financial Officer Stuart Lubow - President & Chief Operating Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler William Wallace - Raymond James Chase Haynes - D.A. Davidson Matthew Breese - Stephens Chris O'Connell - KBW Operator Hello, everyone, and welcome to the Dime Community Bancshares, Incorporated First Quarter Earnings Call.

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