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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 Community Bancshares, Inc. (Nasdaq: DCOM) has announced a 4.2% increase in its quarterly cash dividend, raising it from $0.24 to $0.25 per share. The dividend will be payable on April 24, 2023, to stockholders of record as of April 17, 2023. This increase reflects the company’s strong financial position. Dime Community Bancshares operates Dime Community Bank, which holds over $13.1 billion in assets and leads in deposit market share among community banks on Greater Long Island.
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Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP) has declared a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on February 15, 2023, to shareholders holding the stock as of February 8, 2023. Dime Community Bancshares manages over $13.1 billion in assets and holds the top deposit market share among community banks in Greater Long Island, further highlighting its strong position in the sector.
Dime Community Bancshares reported a significant increase in net income for the fiscal year 2022, totaling $145.3 million ($3.73 per share), up 50% from the previous year. Fourth-quarter earnings also rose to $38.2 million, showcasing robust loan growth with $1.3 billion in loans added over the year. Noteworthy highlights include an 18% annualized increase in total loans, 43% growth in business loans, and strong credit quality with non-performing assets at only 0.26% of total assets. The efficiency ratio improved to 47.7%, while total deposits averaged $10.4 billion. The company also announced a $0.24 dividend per share during the fourth quarter.
Dime Community Bancshares (NASDAQ: DCOM) announced it will release its earnings for the quarter ended December 31, 2022, before U.S. markets open on January 27, 2023. The CEO, Kevin O’Connor, will discuss the financial performance during a conference call scheduled for 8:30 a.m. ET on the same day. Interested parties can listen via a webcast, which will be archived for one year. The company holds over $12.8 billion in assets and ranks first in deposit market share among community banks on Greater Long Island.
Dime Community Bancshares, Inc. (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.24 per share, payable on January 24, 2023, to stockholders of record as of January 17, 2023. This reflects the company's commitment to maintaining uninterrupted dividends, showcasing its financial stability and ongoing support for shareholders. With assets exceeding $12.8 million, Dime Community Bank ranks first in deposit market share among community banks on Greater Long Island.
Dime Community Bancshares reported a net income of $37.7 million for Q3 2022, up from $36.7 million in Q2 2022. Earnings per diluted share increased to $0.98 compared to $0.94 in the previous quarter. Loan originations reached $800.9 million, contributing to a record loan growth of over $450 million. The net interest income surpassed $100 million, supported by a 3.38% net interest margin, a 9 basis point increase. The company maintained stable credit quality with non-performing loans at 0.41% of total loans.
Dime Community Bancshares, Inc. announced a quarterly cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on November 15, 2022, to shareholders of record as of November 8, 2022. The company has over $12.8 billion in assets and holds the top deposit market share among community banks on Greater Long Island.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced earnings release for Q3 2022 on October 28, 2022, before market opening. CEO Kevin O’Connor will discuss financial performance in a conference call at 8:30 a.m. ET, followed by a Q&A session. The call will be webcast live and archived for one year. Dime Community Bancshares, with over $12.3 billion in assets, holds the largest deposit market share among community banks in Greater Long Island.
Dime Community Bancshares, Inc. (Nasdaq: DCOM) has declared a quarterly cash dividend of $0.24 per share, scheduled for payment on October 24, 2022, to stockholders on record as of October 17, 2022. This marks a continuation of their trend of uninterrupted dividends. The company boasts over $12.3 billion in assets and holds the number one deposit market share among community banks in Greater Long Island.