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

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.

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced it will release its earnings for Q2 2022 on July 29, 2022, prior to market opening. CEO Kevin O’Connor will discuss the financial performance in a conference call scheduled for 8:30 a.m. ET, which will be webcast and available for one year. Dime Community Bank, the holding company, possesses over $12 billion in assets and leads in deposit market share among community banks in Greater Long Island.