CORRECTION -- Dime Community Bank to Rebrand as Dime Commercial Bank
Rhea-AI Summary
Dime Community Bancshares (NYSE:DCOM) announced a corporate rebrand and planned listing transfer. Subject to shareholder approval, the parent company will change its name to Dime Commercial Bancshares, Inc. and the bank will become Dime Commercial Bank.
The company expects to transfer the listing of its securities to the New York Stock Exchange on or around April 7, 2026. The name changes are expected to take effect soon after the Annual Shareholder Meeting on May 28, 2026, pending the shareholder vote.
Positive
- Listing transfer to NYSE on or around April 7, 2026
- Planned company name change to Dime Commercial Bancshares after May 28, 2026
Negative
- Name change is subject to shareholder approval at May 28, 2026 meeting
- Timing split: NYSE transfer scheduled before shareholder vote
Key Figures
Market Reality Check
Peers on Argus
DCOM fell 4.38% while several regional bank peers in its sector list also showed notable declines (e.g., HOPE -5.29%, BY -4.23%, MBIN -4.32%, NBHC -4.27%, TCBK -2.81%). However, the momentum scanner flagged MBIN as up ~2.0%, indicating mixed signals and supporting the classification as a stock-specific move rather than a clear sector-wide rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 17 | Community grant | Positive | +1.0% | Grant to LIEOC supporting academic and vocational training on Long Island. |
| Jan 26 | Debt redemption & buyback | Positive | +0.8% | Plan to redeem $40M subordinated debt and reauthorize share repurchases. |
| Jan 22 | Preferred dividend | Positive | -3.1% | Declaration of $0.34375 quarterly dividend on 5.50% Series A preferred. |
| Jan 21 | Earnings beat | Positive | +8.6% | Record Q4 2025 revenue and higher EPS with improving credit metrics. |
| Jan 13 | Earnings date set | Neutral | +1.3% | Announcement of Q4 2025 earnings release date and conference call details. |
Recent headlines skew positive (strong earnings, debt redemption, buyback, community support), with share reactions generally positive except for a divergence on a preferred dividend announcement.
Over the last few months, Dime Community Bancshares reported record Q4 2025 revenue of $124.0M and strong net income and EPS growth ($103.4M FY net income, diluted EPS $2.36), which drew an immediate 8.63% gain. Capital actions such as redeeming $40,000,000 of subordinated debt and reauthorizing repurchases of up to 1,566,947 shares also saw modest positive reactions. Community and outreach news produced small gains, while a Series A preferred dividend headline coincided with a -3.1% move, showing occasional divergence.
Market Pulse Summary
This announcement centers on a rebrand to Dime Commercial Bank and a planned transfer of securities listing to the NYSE after the May 28, 2026 shareholder meeting. In context, the company recently reported record Q4 2025 revenue of $124.0M, strong net income, and active capital management. Investors may monitor execution of the rebrand, the NYSE transition timeline, and subsequent earnings and capital actions for signals on strategic momentum.
AI-generated analysis. Not financial advice.
Company to Transfer Listing of Its Securities to New York Stock Exchange
HAUPPAUGE, N.Y., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) today announced that, subject to shareholder approval, it will change its name to “Dime Commercial Bancshares, Inc.”. The Bank’s name will change to “Dime Commercial Bank”. These changes will be effective soon after the Annual Shareholder Meeting (May 28, 2026), where there will be a vote to approve the Company’s name change.
The Company is also transferring the listing of its securities to the New York Stock Exchange (“NYSE”) on or around April 7, 2026.
As part of its rebrand, the Company put out an investor presentation which can be found here.
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime is a New York State-chartered trust company with approximately
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and 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 with less than
FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
FAQ
When will DCOM transfer its listing to the New York Stock Exchange?
What will Dime Community Bancshares change its name to and when will it take effect?
Will the bank's operating name change for DCOM shareholders?
Is shareholder approval required for DCOM's name change?
Where can investors find more information about DCOM's rebrand and listing transfer?
