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Dime Community Bancshares to Release Earnings on October 19, 2023

Retrieved on:

Thursday, October 5, 2023

HAUPPAUGE, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended September 30, 2023 before the open of the U.S. equity markets on Thursday, October 19, 2023.

Key Points:

HAUPPAUGE, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended September 30, 2023 before the open of the U.S. equity markets on Thursday, October 19, 2023.
The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, October 19, 2023, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company’s third quarter financial performance.
There will be a question-and-answer period after the CEO remarks.
The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/616795871 .

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Retrieved on:

Thursday, September 28, 2023

DCOM, Common stock, Holding company

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on October 24, 2023 to common stockholders of record as of October 17, 2023.

Key Points:

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on October 24, 2023 to common stockholders of record as of October 17, 2023.
The Company continues its trend of uninterrupted dividends.

Dime Community Bancshares Inc. Appoints Judith H. Germano to its Board of Directors

Retrieved on:

Thursday, September 28, 2023

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023.

Key Points:

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023.
Ms. Germano will fill the position vacated by the retirement of Marcia Z. Hefter.
Kenneth J. Mahon, Executive Chairman of Dime, said “Judith has extensive and valuable experience in cybersecurity, data privacy, compliance and risk management.
Ms. Germano specializes in cybersecurity and privacy, financial regulation and compliance, and risk management and strategy.

Dime Community Bancshares Inc. Announces Retirement of Marcia Z. Hefter from Board of Directors

Retrieved on:

Thursday, September 28, 2023

DCOM, National bank, Dime Community Bank, Happiness, Community Bank, Growth, Bank, Health, Management

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023.

Key Points:

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023.
Ms. Hefter’s background as a lawyer and long-standing service as a director provided the Board of Directors with a unique perspective and counsel in its oversight of the Company.
Following the closing of the Company’s merger of equals transaction in 2021, Ms. Hefter was appointed Lead Director.
I leave the Board of Directors with the knowledge that the future of Dime is robust and in excellent hands.”

KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.

Retrieved on:

Wednesday, September 6, 2023

Banking, Professional Services, Finance, KBRA, Outlook, DCOM, BBB, Dime Community Bank, Hauppauge, Security (finance), Telescopic sight, K3, Positive, K2

On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").

Key Points:

On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").
In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, Dime Community Bank.
The Outlook for all long-term ratings was revised to Stable from Positive.
Click here to view the report.

Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

Retrieved on:

Tuesday, September 5, 2023

DCOM, Dime Community Bank, Business loan, Rehabilitation, Nursing, C&I, Bank Leumi, Valley Bank, Interior design, Health care, Dime

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.

Key Points:

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.
In this role, Csillag will be responsible for building out Dime’s healthcare commercial banking business in the long-term care space.
Most recently, Csillag was at Valley National Bank and predecessor institution Bank Leumi, where he was Group Head of Healthcare.
Adding a healthcare vertical is consistent with our strategic goal of increasing the contribution of Business Loans (C&I and Owner-Occupied) to our balance sheet.

Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock

Retrieved on:

Thursday, July 27, 2023

DCOMP, DCOM, Cryptocurrency

HAUPPAUGE, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 15, 2023 to holders of record as of August 8, 2023.

Key Points:

HAUPPAUGE, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM and DCOMP) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 15, 2023 to holders of record as of August 8, 2023.

Dime Community Bancshares to Release Earnings on July 28, 2023

Retrieved on:

Thursday, July 6, 2023

DCOM, Cryptocurrency

HAUPPAUGE, N.Y., July 06, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended June 30, 2023 before the open of the U.S. equity markets on Friday, July 28, 2023.

Key Points:

HAUPPAUGE, N.Y., July 06, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended June 30, 2023 before the open of the U.S. equity markets on Friday, July 28, 2023.
The Company will conduct a conference call at 8:30 a.m. (ET) on Friday, July 28, 2023, during which Chief Executive Officer (“CEO”), Kevin O’Connor, will discuss the Company’s second quarter financial performance.
There will be a question-and-answer period after the CEO remarks.
The conference call will be simultaneously webcast (listen only) and archived for a period of one year at https://events.q4inc.com/attendee/893173701 .

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Retrieved on:

Thursday, June 29, 2023

DCOM, Common stock, Holding company

HAUPPAUGE, N.Y., June 29, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on July 24, 2023 to common stockholders of record as of July 17, 2023.

Key Points:

HAUPPAUGE, N.Y., June 29, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors today declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on July 24, 2023 to common stockholders of record as of July 17, 2023.
The Company continues its trend of uninterrupted dividends.

Kroll Bond Rating Agency Affirms Ratings for Dime Community Bancshares, Inc.

Retrieved on:

Tuesday, June 20, 2023

HTM, KBRA, DCOM, AOCI, NCO, Jules Kroll, Dime Community Bank, CRE, Environment, Dime, Financial services, Bank

HAUPPAUGE, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that Kroll Bond Rating Agency (“KBRA”) has affirmed all ratings of Dime Community Bancshares, Inc. and Dime Community Bank.

Key Points:

HAUPPAUGE, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that Kroll Bond Rating Agency (“KBRA”) has affirmed all ratings of Dime Community Bancshares, Inc. and Dime Community Bank.
According to the KBRA report:
Dime's ratings are supported by the effective integration of its merger-of-equals transaction which has facilitated the increased scale and diversification of the Company's operating profile, including the leading market share position in Long Island among local banks
Dime maintains a very low expense base, with noninterest expenses to average assets of 1.40% as of Q1 2023; over the longer-term, KBRA believes that provides greater upside to the earnings potential in a more normalized interest rate environment
KBRA also recognizes that the negative impact from AOCI has not been overly impactful to Dime's capital ratios, even when including marks on the HTM portfolio, given that Dime maintains a relatively smaller sized securities portfolio
A substantial portion of the company’s investor CRE portfolio is comprised of rent-regulated multifamily loans throughout NYC that has reflected low loss content historically, which also displays conservative underwriting criteria
Given that Dime has exhibited among the lowest credit losses through multiple economic cycles, including a cumulative NCO ratio of below 15 basis points since 2007, we believe that similar outperformance on the credit front is certainly possible
KBRA also favorably views Dime’s strong performance throughout the volatile liquidity environment in Q1 2023, with core deposits growing.
Moreover, the Company’s uninsured deposit balances are considered rather minimal at 28% of total when excluding collateralized deposits, and total available liquidity sources are ample, which cover nearly 2x those balances
There are also potential tailwinds for core deposit levels over the next year as Dime has recently added seven new deposit focused groups in Q2 2023, which reflected strong core deposit levels at their prior institutions, notably higher level of non-interest bearing accounts