HAUPPAUGE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM, DCOMP and DCOMG))) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 15, 2024 to holders of record as of August 8, 2024. 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 over $13.5 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, In

Strong Core Deposit Growth Drives 20 Basis Points of Net Interest Margin Expansion Deposit and Business Loan Growth Driven by Execution of Growth Plan;Successfully Onboarded Eight New Deposit Groups in the Second Quarter Subordinated Debt Offering Bolsters Total Capital Ratio to 14.5% HAUPPAUGE, N.Y., 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 common stockholders of $16.7 million for the quarter ended June 30, 2024, or $0.43 per diluted common share, compared to $15.9 million, or $0.41 per diluted common share, for the quarter end

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 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

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. There will be a question-and-answer period after the CEO remarks. Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone

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 of Notes. The additional Notes were issued in a closing on July 9, 2024, bringing the total gross proceeds from the offering to $74,750,000, before discounts and estimated offering expens

HAUPPAUGE, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ: "DCOM"), the parent company of Dime Community Bank (the "Bank"), announced today the completion of its public offering and sale of $65,000,000 of its 9.000% fixed-to-floating rate subordinated notes due 2034 (the "Notes") in a registered public offering (the "Offering"). The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $62,655,000. The Company also granted the underwriters a 30-day option to purchase up to an additional $9,750,000 aggregate principal amount of the Notes to cover overallotments, if any. If the und

HAUPPAUGE, N.Y., June 26, 2024 (GLOBE NEWSWIRE) --  Dime Community Bancshares, Inc. (the "Company") (NASDAQ:DCOM), the parent company of Dime Community Bank (the "Bank"), today announced that the pricing of its offering of $65,000,000 of its 9.000% fixed-to-floating rate subordinated notes due 2034 (the "Notes") in a registered public offering (the "Offering"). The Company has granted the underwriters a 30-day option to purchase up to an additional $9,750,000 aggregate principal amount of the Notes to cover over-allotments, if any.   The Notes will initially bear interest at 9.000% per annum, with interest payable quarterly in arrears, commencing on the issue date, to, but excluding, July

HAUPPAUGE, N.Y., June 20, 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 a deposit-focused Group that will cover the Manhattan market. The Group will be led by Avi Azuolay. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, "We are excited to announce the addition of another talented deposit-focused Group. Avi and his team have had tremendous success in Manhattan over the past two decades. His team was instrumental in building out Hudson

HAUPPAUGE, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on July 24, 2024, to common stockholders of record as of July 17, 2024. The Company continues its trend of uninterrupted dividends. 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 over $13.5 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Inc.Investor Relations

HAUPPAUGE, N.Y., June 17, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company" or "Dime") (NASDAQ:DCOM), the parent company of Dime Community Bank (the "Bank"), announced that Kroll Bond Rating Agency ("KBRA") has affirmed all ratings of Dime Community Bancshares, Inc. and Dime Community Bank. KBRA affirmed the Bank's senior unsecured debt rating of "BBB+" and the Company's senior unsecured debt rating of "BBB". The Outlook for all long-term ratings is "Stable". According to the KBRA report: The ratings are supported by Dime's outperformance with regard to credit quality over a long period of time, including multiple economic cycles, with a cumulative NCO ratio of bel

HAUPPAUGE, N.Y., May 06, 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 a deposit-focused Group that will cover the Williamsburg market. The Group will be led by John McDonough and Emanuel "Manny" Diconimakis. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, "We are excited to announce the addition of another talented deposit-focused Group in the strategically important market of Brooklyn. Dime, which was founded in Williamsburg in 1864, h

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023. Ms. Hefter began her career with the Company and the Bank as a Director of Bridgehampton National Bank (predecessor of BNB Bank) in 1989 and served as the Board Chairwoman from 2008 to 2021. Ms. Hefter's background as a lawyer and long-standing service as a director provided the Board of Directors with a unique perspective and counsel in its oversight of the Company. Following the closing of the Company's

HAUPPAUGE, N.Y., Sept. 28, 2023 (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 Judith H. Germano to the Board of Directors effective as of September 28, 2023. Ms. Germano will fill the position vacated by the retirement of Marcia Z. Hefter. Kenneth J. Mahon, Executive Chairman of Dime, said "Judith has extensive and valuable experience in cybersecurity, data privacy, compliance and risk management. Given her skill set and experience, we are excited to have her join our Board." Ms. Germano is Founder and Lead Counsel at GermanoLaw LLC, a boutique law firm she f

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. Kenneth J. Mahon, Executive Chairman of Dime, said "Paul's experience as director and executive of a publicly traded bank and his current role as a corporate services attorney and Partner at a leading law firm give him significant insight into a broad array of corporate governance, regulatory and strategic issues. He is ve

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. Mr. Palagiano began his career with The Dime Savings Bank of Williamsburgh ("Dime Savings Bank") in 1970 as a loan appraiser. He subsequently rose to Chief Lending Officer, and later to Chairman and Chief Executive Officer of Dime Savings Bank. Following the closing of the Company's merger of equals transaction in 2021, Mr. Palagiano maintained his board role at the pro forma Company. "Vinny has made

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4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

3 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

4 - Dime Community Bancshares, Inc. /NY/ (0000846617) (Issuer)

Piper Sandler downgraded Dime Community from Overweight to Neutral and set a new price target of $26.00 from $23.00 previously

Raymond James resumed coverage of Dime Community with a rating of Outperform and set a new price target of $38.00

Raymond James downgraded Dime Community from Strong Buy to Outperform and set a new price target of $34.00 from $41.00 previously

Stephens downgraded Dime Community from Overweight to Equal-Weight and set a new price target of $34.50 from $36.00 previously

Keefe Bruyette resumed coverage of Dime Community with a rating of Outperform and set a new price target of $44.00

Stephens upgraded Dime Community from Equal-Weight to Overweight and set a new price target of $38.50 from $35.00 previously

Raymond James upgraded Dime Community Bancshares from Outperform to Strong Buy and set a new price target of $43.00 from $17.00 previously

Piper Sandler initiated coverage of Dime Community Bancshares with a rating of Overweight

Piper Sandler resumed coverage of Dime Community with a rating of Overweight and set a new price target of $32.00

Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Dime Community Bancshares (NASDAQ:DCOM) with a Outperform and raises the price target from $25.5 to $28.

Piper Sandler analyst Mark Fitzgibbon downgrades Dime Community Bancshares (NASDAQ:DCOM) from Overweight to Neutral and raises the price target from $23 to $26.

Dime Community Bancshares (NASDAQ:DCOM) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.38 by 2.63 percent. This is a 45.59 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $87.310 million which beat the analyst consensus estimate of $73.449 million by 18.87 percent. This is a 3.66 percent decrease over sales of $90.624 million the same period last year.

Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Dime Community Bancshares (NASDAQ:DCOM) with a Outperform and maintains $25.5 price target.

Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge. In regulatory news, U.S. banks successfully passed the Federal Reserve’s 2024 stress tests. The results demonstrated that all analyzed institutions could maintain minimum capital requirements even in the face of a severe economic shock. Notably, regional banks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), performed relatively better overall compared to their larger counterparts. As of midday trading in New York, major indices showed marginal gains, with small caps outperformi

The latest Federal Reserve stress test results have highlighted “the inherent opacity” of the Fed evaluation process, according to Bank of America analyst Ebrahim H. Poonawala. The tests, which assess the resilience of banks under severe economic scenarios, revealed a wide range of impacts on minimum capital requirements. Overall, they demonstrated that the institutions have sufficient buffers to weather the storm, albeit with higher-than-expected losses. Bank Of America’s Key Insights From the Stress Test Results ‘Goldman Sachs Worst Hit’: Goldman Sachs (NYSE:GS) experienced the largest year-over-year increase in its stress capital buffer (SCB), rising by 100 basis points (bps), wh

Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), announced that it has hired a deposit-focused Group that will cover the Williamsburg market. The Group will be led by John McDonough and Emanuel "Manny" Diconimakis. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank.

Dime Community Bancshares (NASDAQ:DCOM) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.37 by 2.7 percent. This is a 60 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $81.997 million which beat the analyst consensus estimate of $72.425 million by 13.22 percent. This is a 13.46 percent decrease over sales of $94.753 million the same period last year.

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