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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, DCOMP) announced 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 February 15, 2022, to shareholders on record as of February 7, 2022. The company, which has over $12.0 billion in assets, holds the top deposit market share among community banks on Greater Long Island. This dividend declaration reflects the company's ongoing commitment to returning value to shareholders.
Dime Community Bancshares (NASDAQ: DCOM) plans to release its earnings for the quarter ending December 31, 2021, before U.S. markets open on January 28, 2022. CEO Kevin O’Connor will discuss the financial performance during a conference call at 8:30 a.m. ET on the same day. This call will include a Q&A session and will be available via live webcast and archived for one year. The company, with over $12.3 billion in assets, holds the number one deposit market share among community banks on Greater Long Island.
On December 21, 2021, Dime Community Bancshares, Inc. (DCOM) announced a quarterly cash dividend of $0.24 per share, scheduled for payment on January 24, 2022, to stockholders of record by January 17, 2022. This marks a continuation of the company’s trend of uninterrupted dividends. Dime Community Bancshares operates Dime Community Bank, which has over $12.3 billion in assets and holds the top deposit market share among community banks in Greater Long Island.
Dime Community Bancshares reported a net income of $36.6 million ($0.89 per diluted share) for Q3 2021, up from $14.0 million in Q3 2020. Adjusted net income stood at $41.4 million. Non-interest-bearing deposits increased to 36% of total deposits, positioning the company favorably for rising interest rates. Total loans held for investment rose by 4% annually, while non-performing assets remained low at 0.28%. The cost of deposits decreased to 0.13%. However, total deposits fell by $392.2 million due to non-renewal of higher-cost certificates of deposit.
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 will be payable on November 15, 2021 to shareholders on record as of November 7, 2021.
The company holds over $12.3 billion in assets and boasts the highest deposit market share among community banks in Greater Long Island.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced its upcoming earnings release for the quarter ended September 30, 2021, scheduled for October 29, 2021, before U.S. markets open. CEO Kevin O'Connor will discuss the third quarter financial performance during a conference call at 8:30 a.m. ET on the same day. The call will feature a question-and-answer segment and will be available via webcast. Dime Community Bancshares, with over $12.7 billion in assets, holds the largest deposit market share among community banks on Greater Long Island.
Dime Community Bancshares, Inc. (Nasdaq: DCOM) has appointed Christopher Porzelt as Executive Vice President and Chief Risk Officer. He previously served as EVP and Interim Chief Risk Officer since June 2021. Porzelt will enhance the Enterprise Risk Management function, aligning risk management with corporate strategy. CEO Kevin M. O’Connor praised his valuable knowledge and experience. Dime Community Bancshares holds over $12.7 billion in assets and leads 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, scheduled for payment on October 25, 2021. Shareholders of record as of October 18, 2021 will receive this dividend, continuing the Company's trend of uninterrupted dividends. With over $12.7 billion in assets, Dime Community Bank holds the top deposit market share among community banks in Greater Long Island.
Dime Community Bancshares, Inc. (DCOM) has announced a new stock repurchase program, allowing the purchase of up to 2,043,968 shares, representing 5% of its outstanding common stock. This follows the completion of its existing plan, which has 49,230 shares remaining eligible for repurchase. The program aims to enhance shareholder value and can be executed through various market strategies at management's discretion. The repurchased shares will be held as treasury stock for general corporate purposes, contingent upon market conditions and financial performance.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced that Kroll Bond Rating Agency (KBRA) has revised its ratings outlook from "Stable" to "Positive" as of August 12, 2021. This change reflects the benefits from the company's merger-of-equals transaction, which has improved earnings potential and market share. KBRA highlights Dime's strong liquidity, diverse operating profile, and leading deposit market share in its region. The company's senior unsecured debt rating remains at BBB.