Dime Community Bancshares Inc Stock Price, News & Analysis

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the appointment of Ravi Persaud as First Vice President, Associate Group Director. He will lead a team in Astoria, bringing expertise from his previous role at Signature Bank, where he worked since 2011. Dime Community Bancshares holds over $13.1 billion in assets and boasts the largest deposit market share among community banks in Greater Long Island.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) has appointed Naor Boxer as Senior Vice President, Group Director, with his team based in Rockville Centre. Boxer joins from Signature Bank, bringing a strong client-centric approach and local community ties. Stuart H. Lubow, President and COO, emphasized Boxer's proven banking experience as a key asset for Dime's growth strategy, particularly in expanding its business banking offerings across Greater Long Island. Dime Community Bank, the company's subsidiary, holds over $13.1 billion in assets, leading in deposit market share among community banks in the area.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced its upcoming earnings release for the quarter ended March 31, 2023, scheduled for April 28, 2023, before U.S. market open. CEO Kevin O'Connor will discuss the financial performance during a conference call at 8:30 a.m. (ET), which will also feature a Q&A session. The conference call can be accessed via a live webcast and will be archived for one year.

The company holds over $13.1 billion in assets and leads the deposit market share among community banks in Greater Long Island, NY. For further investor inquiries, Avinash Reddy, Chief Financial Officer, is available to provide additional information.

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.

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.