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Dime Community Bancshares Inc - DCOM STOCK NEWS

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

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) reaffirms its commitment to the FHLBNY Small Business Recovery Grant Program to aid struggling small businesses and non-profits in New York.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
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none
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Rhea-AI Summary
Dime Community Bancshares, Inc. (DCOM) will continue its partnership with Island Harvest for the 3rd consecutive year, supporting Long Island's hunger-relief efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
Tags
partnership
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Rhea-AI Summary
Dime Community Bancshares, Inc. (DCOM) 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 February 15, 2024, to shareholders of record as of February 8, 2024.
Rhea-AI Impact
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End-of-Day
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dividends
Rhea-AI Summary
Dime Community Bancshares, Inc. reported net income available to common stockholders of $88.8 million for the year ended December 31, 2023, compared to $145.3 million for the year ended December 31, 2022. The company's total deposits grew by over $276 million on a year-over-year basis, with an increase in loan originations and stable asset quality. The net interest income for the fourth quarter of 2023 was $74.1 million compared to $76.5 million for the third quarter of 2023 and $96.8 million for the fourth quarter of 2022. The company's capital ratios continue to increase, with the Tier 1 Risk Based Capital Ratio reaching 10.94% at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
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Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the release of its earnings for the quarter ended December 31, 2023, scheduled for January 26, 2024. The Company's President and CEO, Stuart Lubow, will discuss the financial performance during a conference call at 8:00 a.m. (ET) on the same day. Participants can access the call via webcast or telephone, with a replay available on-demand for 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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Rhea-AI Summary
Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) will return as the lead sponsor for the 5th consecutive year for the Dime McCarren 5K, supporting St Nick’s Alliance and their efforts in affordable housing and educational programs for underprivileged youth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
partnership
Rhea-AI Summary
Dime Community Bancshares, Inc. (Nasdaq: DCOM) continues as lead sponsor for the 8th consecutive year of the Brooklyn Public Library PowerUP! Competition, supporting small businesses in Brooklyn.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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none
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Rhea-AI Summary
Dime Community Bancshares, Inc. (Nasdaq: DCOM) declares a quarterly cash dividend of $0.25 per share of Common Stock, continuing its trend of uninterrupted dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
dividends
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Rhea-AI Summary
Dime Community Bancshares declares quarterly cash dividend of $0.34375 per share on its Preferred Stock
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Rhea-AI Sentiment
End-of-Day
-- %
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dividends
Rhea-AI Summary
Dime Community Bancshares, Inc. reports net income of $13.2 million for Q3 2023, compared to $25.7 million in Q2 2023 and $37.7 million in Q3 2022. Average deposits increased by $128 million on a linked quarter basis. Non-interest expenses were $59.5 million in Q3 2023, compared to $52.2 million in Q2 2023. Non-performing loans decreased by 16% from the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
Tags
Dime Community Bancshares Inc

Nasdaq:DCOM

DCOM Rankings

DCOM Stock Data

719.64M
36.00M
7.22%
76.49%
5.79%
Commercial Banking
Finance and Insurance
Link
US
Bridgehampton

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.