Dime Community Bancshares, Inc. operates a community banking business that gathers deposits and deploys them into multifamily, commercial real estate, C&I, residential mortgage and securities portfolios.
Recurring news covers operating results, net interest income and margin trends, loan repricing, core deposit and business-loan growth, dividends on Series A preferred stock, and specialized commercial banking initiatives such as equipment and franchise finance. Company announcements also include market expansion, banker hiring, financial wellness partnerships and local community sponsorships in New York.
Dime Commercial Bancshares (DCBG) declared a quarterly cash dividend of $0.34375 per share on its Series A preferred stock.
The dividend on the 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock is payable on November 16, 2026, to holders of record as of November 9, 2026.
Dime Commercial Bancshares (NYSE: DCOM) announced that it is supporting the nonprofit Moriches Bay project again this year. The project works to improve water quality and restore the natural balance of Moriches through oyster restoration, public awareness and local community support.
Dime Commercial Bancshares (NYSE: DCOM) signed a definitive agreement to acquire ES Bancshares, parent of Empire State Bank, for approximately $58 million. Dime will issue 720,000 common shares and pay $30.0 million in cash. Based on Dime’s 10-day volume-weighted average price of $38.55 as of October 19, 2026, the consideration equals $8.39 per Empire share, approximately 1.09x tangible book value per share.
Empire had approximately $596 million in assets, $518 million in net loans and $491 million in deposits at September 30, 2026. Dime anticipates approximately 3.5% earnings-per-share accretion, approximately 2% tangible book value dilution and an earn-back period of less than 3 years. The acquisition would expand Dime’s Staten Island and Brooklyn presence. Closing is expected in the first quarter of 2027, subject to regulatory approval and approval by Empire shareholders.
Dime Commercial Bancshares (DCOM) reported third-quarter 2026 diluted earnings per share of $0.90, up 53% from a year earlier. Net income available to common stockholders reached $39.7 million, versus $33.0 million in the second quarter and $25.8 million a year earlier. Quarterly revenue reached a record $135 million. Net interest income rose to $121.2 million, while net interest margin—the spread earned relative to interest-earning assets—increased to 3.35% from 3.28% in the prior quarter.
Deposits reached $13.14 billion, and business loans grew $346.6 million from the prior quarter. Non-performing assets increased to $99.5 million from $69.0 million, while non-interest expense rose to $65.5 million from $64.7 million. Dime also announced its intention to acquire ES Bancshares, parent of Empire State Bank, and repurchased 298,003 shares at a weighted-average price of $40.64.
Dime Commercial Bancshares (NYSE: DCOM) expects to release third-quarter earnings before U.S. equity markets open on October 20, 2026. The results cover the quarter ended September 30, 2026. CEO Stuart Lubow will discuss performance on a conference call at 8:30 a.m. ET that day, followed by questions and answers. A replay will be available on demand for 12 months.
Dime Commercial Bancshares (DCOM) declared a quarterly cash dividend of $0.25 per common share on September 24, 2026.
The dividend is payable on October 23, 2026, to common stockholders of record as of October 16, 2026. The company said its dividends have remained uninterrupted.
Dime Commercial Bancshares (DCOM), through Dime Commercial Bank, amended and upsized its revolving credit facility with Quiq Capital and Quiq Income Fund II to a borrowing capacity of $30.0 million.
The revised facility also lowers the interest rate and is described as providing Quiq with additional financial flexibility and liquidity to support business growth, while deepening the lending relationship between Dime and Quiq that began in 2025.
Dime Commercial Bank (NASDAQ:DCBG, DCOM) announced the launch of an Affordable Housing Group, entering the affordable and workforce housing financing space as part of its strategy to grow specialized commercial banking verticals. The group will serve developers focused on building or preserving affordable, workforce and supportive housing.
The new vertical will be led by Michael Camoia, who joins as Senior Vice President, Head of Affordable Housing. According to Dime, the group will provide pre-development, construction and permanent financing, make Low-Income Housing Tax Credit equity investments, and collaborate with state housing finance agencies and local CDFIs, aligning with its Community Reinvestment Act strategy.
Dime Commercial Bancshares (NYSE: DCOM, DCBG) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is payable on August 14, 2026 to shareholders of record as of August 7, 2026.
Dime Commercial Bancshares (NYSE:DCOM, DCBG) reported second-quarter 2026 net income available to common stockholders of $33.0 million, or $0.75 per diluted share, up from $27.9 million, or $0.64, a year earlier. Adjusted diluted EPS (non-GAAP) rose to $0.79, and record quarterly revenue reached $126 million, driven by net interest margin expansion to 3.28%.
Business loans grew $280.8 million quarter-over-quarter and $743.0 million year-over-year, while core deposits increased $948.3 million year-over-year and non-interest-bearing deposits averaged 31.0% of total deposits. Tier 1 common equity reached 11.99%, non-performing assets declined 28% sequentially to 0.46% of total assets, and the company plans to resume share repurchases in the third quarter of 2026.