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Dime Community Bancshares, Inc. is the largest community bank headquartered in Brooklyn, New York, with a history dating back to 1864. The bank specializes in commercial mortgage finance in the NY metro area and operates 24 full-service branches across Brooklyn, Queens, Nassau, and the Bronx. Dime Community Bancshares Inc, as a holding company, gathers deposits from customers and invests them in various loan types, mortgage-backed securities, government obligations, and corporate securities. The recent news of Dime includes the addition of industry veteran Martin Ball to lead the National Deposits Group and the expansion of their Commercial Online Banking platform to facilitate international wires and real-time foreign currency rate requests.
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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.
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Dime Community Bancshares, Inc. (DCOM) will continue its partnership with Island Harvest for the 3rd consecutive year, supporting Long Island's hunger-relief efforts.
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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.
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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.
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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.
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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.
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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.
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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.
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Dime Community Bancshares declares quarterly cash dividend of $0.34375 per share on its Preferred Stock
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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.
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FAQ
What is the current stock price of Dime Community Bancshares Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A (DCOMP)?
The current stock price of Dime Community Bancshares Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A (DCOMP) is $20.42 as of November 4, 2024.
What is Dime Community Bancshares, Inc. known for?
Dime is known for being the largest community bank headquartered in Brooklyn, New York, and specializing in commercial mortgage finance.
Where does Dime Community Bancshares, Inc. operate its full-service branches?
Dime operates full-service branches throughout Brooklyn, Queens, Nassau, and the Bronx.
What types of loans does Dime Community Bancshares Inc invest in?
Dime invests in multifamily residential, commercial real estate, commercial and industrial (C&I) loans, and one-to-four family residential real estate loans.
What recent enhancements did Dime make to its Commercial Online Banking platform?
Dime expanded its Commercial Online Banking platform to allow clients to initiate international wires in USD and foreign currency, offer real-time foreign currency rate requests, and become an active member of the SWIFT Network.
Who recently joined Dime to lead the National Deposits Group?
Industry veteran Martin Ball recently joined Dime to lead the National Deposits Group.
What growth plan is Dime Community Bancshares, Inc. focused on executing?
Dime is focused on executing its growth plan by providing business customers with effective tools to run their businesses and continuing to expand its market presence.
What sets Dime apart in the Brooklyn market according to McDonough and Diconimakis?
According to McDonough and Diconimakis, Dime's single point of contact approach, best-in-class technology, and flat organizational structure set it apart in the Brooklyn market.
Dime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A