Dime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A - DCOMP STOCK NEWS

Dime Community Bancshares has appointed Judy Wu as Executive Vice President, General Counsel, and Corporate Secretary. Wu brings extensive experience from her previous roles at Flagstar Bank and Signature Bank, where she specialized in regulatory compliance and privacy. Dime's President and CEO, Stuart H. Lubow, expressed confidence in Wu's ability to contribute to the company's growth strategy. Wu holds a bachelor's degree in finance and accounting from NYU and a law degree from Fordham University School of Law.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) has appointed industry veteran Kenneth Scheriff to its commercial lending group. Scheriff brings extensive experience from State Bank of Long Island and New York Community Bancorp. His decision to join Dime was influenced by the bank's single point of contact model and relationship-based approach, aligning with his values.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the hiring of a deposit-focused Group to cover the Williamsburg market, led by John McDonough and Emanuel Diconimakis. The move aligns with the company's growth plan and commitment to expand its presence in Brooklyn. Dime's strong history and reputation in the area attracted the new Group, emphasizing the bank's innovative approach and community focus.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced technology upgrades for business customers, including expanding Commercial Online Banking for international wires and real-time foreign currency rates, expected by end of Q2 2024.

Dime Community Bancshares, Inc. 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 May 15, 2024, to shareholders of record as of May 8, 2024.

Dime Community Bancshares, Inc. reported a significant increase in earnings per share by 11% in the first quarter of 2024 compared to the prior quarter. The company experienced core deposit growth of 19% annualized, recruited talented bankers, increased capital ratios, and maintained stable asset quality. Net income available to common stockholders was $15.9 million, with a diluted EPS of $0.41. The company's focus on core deposits led to a reduction in wholesale funding by 41% versus year-end levels. Non-interest expenses declined by 3%, credit quality remained stable, and capital ratios improved. The company announced the addition of new banking groups in various counties, extending its market reach.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the upcoming release of its Q1 2024 earnings on April 23, 2024, with a conference call led by CEO Stuart Lubow to discuss financial performance.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announces the hiring of Klaudio Nikolla as Senior Vice President and Group Leader in middle market C&I lending operations. The move aims to boost growth in C&I business and diversify the company's balance sheet.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) continues its growth plan by hiring six deposit-focused Groups from Signature Bank and Flagstar Bank. The Groups managed billions in deposits at their previous institutions. This move aims to deepen Dime's presence in Brooklyn, Nassau county, and enter the Westchester market. Stuart H. Lubow, President and CEO, highlights the company's innovative approach and customer-centric focus.