Welcome to our dedicated page for Dime Community Bancshares news (Ticker: DCOMP), a resource for investors and traders seeking the latest updates and insights on Dime Community Bancshares stock.
Dime Community Bancshares Inc (DCOMP) provides essential financial services through its network of 24 branches across New York's metropolitan area, specializing in commercial mortgage finance and community-focused deposit solutions. This news hub offers investors and stakeholders timely updates about the company’s strategic developments and market activities.
Access authoritative information on DCOMP’s earnings reports, regulatory filings, and leadership announcements. Our curated collection includes press releases about multifamily loan portfolios, commercial real estate transactions, and technology-driven banking initiatives – all critical for understanding this Brooklyn-based institution’s operations.
Key updates cover dividend declarations, balance sheet developments, and regulatory compliance milestones specific to New York’s banking landscape. Bookmark this page for streamlined access to DCOMP’s latest financial disclosures and operational updates, ensuring you stay informed about one of Brooklyn’s oldest community banking institutions.
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.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the appointment of Paul M. Aguggia to its Board of Directors effective September 21, 2022. Aguggia fills the role previously held by Vincent F. Palagiano, who has retired. His extensive experience as a director and corporate attorney is expected to enhance the bank's governance and strategy. Aguggia has previously served as Chairman and CEO of Clifton Bancorp Inc. and held board positions at Square 1 Bank. Dime Community Bancshares has over $12.3 billion in assets and leads deposit market share among community banks in Greater Long Island.
On September 21, 2022, Dime Community Bancshares (NASDAQ: DCOM) announced the retirement of Vincent F. Palagiano from its Board of Directors. Palagiano has had a notable 52-year career with Dime, including serving as Chief Executive Officer and Chairman of Dime Savings Bank. His leadership was instrumental during significant transitions, including a successful mutual-to-public conversion in 1996 and a merger in 2021. Executive Chairman Kenneth Mahon praised his contributions, citing Dime's growth into a leading community commercial bank with over $12.3 billion in assets.
Dime Community Bancshares reported a net income of $36.7 million for Q2 2022, equating to $0.94 per diluted share, a rise from $32.7 million in Q1 2022. Loan originations surged to $902 million, highlighting 18% annualized growth in loans held for investment, excluding PPP loans. The net interest margin expanded by 10 basis points to 3.29%. The Company maintained a low cost of deposits and strong credit quality, with non-performing assets at 0.30% of total assets. Dime repurchased shares worth $22.9 million during the period.
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 August 15, 2022 to shareholders of record as of August 8, 2022. The Company, with over $12.0 billion in assets, holds the top deposit market share among community banks on Greater Long Island, emphasizing its strong position in the market.
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