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Dime Community Bancshares, Inc. - $DCOM STOCK NEWS

Welcome to our dedicated page for Dime Community Bancshares news (Ticker: $DCOM), a resource for investors and traders seeking the latest updates and insights on Dime Community Bancshares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Dime Community Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Dime Community Bancshares's position in the market.

Rhea-AI Summary

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the hiring of a deposit-focused Group to cover the Williamsburg market, led by John McDonough and Emanuel Diconimakis. The move aligns with the company's growth plan and commitment to expand its presence in Brooklyn. Dime's strong history and reputation in the area attracted the new Group, emphasizing the bank's innovative approach and community focus.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
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none
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Rhea-AI Summary

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced technology upgrades for business customers, including expanding Commercial Online Banking for international wires and real-time foreign currency rates, expected by end of Q2 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.18%
Tags
none
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Rhea-AI Summary
Dime Community Bancshares, Inc. 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 May 15, 2024, to shareholders of record as of May 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
Tags
dividends
Rhea-AI Summary
Dime Community Bancshares, Inc. reported a significant increase in earnings per share by 11% in the first quarter of 2024 compared to the prior quarter. The company experienced core deposit growth of 19% annualized, recruited talented bankers, increased capital ratios, and maintained stable asset quality. Net income available to common stockholders was $15.9 million, with a diluted EPS of $0.41. The company's focus on core deposits led to a reduction in wholesale funding by 41% versus year-end levels. Non-interest expenses declined by 3%, credit quality remained stable, and capital ratios improved. The company announced the addition of new banking groups in various counties, extending its market reach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
-
Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the upcoming release of its Q1 2024 earnings on April 23, 2024, with a conference call led by CEO Stuart Lubow to discuss financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
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Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announces the hiring of Klaudio Nikolla as Senior Vice President and Group Leader in middle market C&I lending operations. The move aims to boost growth in C&I business and diversify the company's balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
none
Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) continues its growth plan by hiring six deposit-focused Groups from Signature Bank and Flagstar Bank. The Groups managed billions in deposits at their previous institutions. This move aims to deepen Dime's presence in Brooklyn, Nassau county, and enter the Westchester market. Stuart H. Lubow, President and CEO, highlights the company's innovative approach and customer-centric focus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.07%
Tags
management
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Rhea-AI Summary
Dime Community Bancshares, Inc. sponsors the Economic Opportunity Council of Suffolk County to support homeless prevention and family development on Long Island.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
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none
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Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) introduces Zelle® for Business, enhancing payment capabilities for business customers. The launch aims to provide efficient payment solutions to Private & Commercial banking clients, enabling direct payments to Dime Business Checking accounts within minutes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Dime Community Bancshares, Inc. (DCOM) declares a quarterly cash dividend of $0.25 per share of Common Stock, maintaining its streak of uninterrupted dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
dividends
Dime Community Bancshares, Inc.

Nasdaq:DCOM

DCOM Rankings

DCOM Stock Data

772.78M
36.00M
7.22%
76.49%
5.79%
Commercial Banking
Finance and Insurance
Link
United States of America
HAUPPAUGE

About DCOM

the largest community bank headquartered in brooklyn, new york, chartered on april 19, 1864. the bank specializes in commercial mortgage finance in the ny metro area and services depositors in 24 full service branches throughout brooklyn, queens, nassau, and the bronx.