Dime Community Bancshares ownership filing: T. Rowe Price Investment Management, Inc. reports beneficial ownership of 1,991,410 shares of common stock, representing 4.5% of the class. The filing is an amendment to a Schedule 13G and is signed by Ellen York, Vice President, on 05/15/2026.
The filing states T. Rowe Price disclaims beneficial ownership of the securities in the disclosure language. The address and CUSIP 25432X102 are provided for identification.
Issuer filed a Form 144 notice indicating proposed sales of restricted common stock. The filing lists two lots of restricted stock issued by the company: 867 shares dated 04/01/2023 and 783 shares dated 03/31/2024. The broker identified is Morgan Stanley Smith Barney LLC and the filing date shown is 05/11/2026.
Dime Community Bancshares director Raymond A. Nielsen reported an open-market sale of 1,650 shares of common stock at $37.0916 per share. After this sale, he directly holds 35,607 common shares and has indirect ownership of 520 additional shares held by his wife.
Dime Community Bancshares reported stronger results for the quarter ended March 31, 2026. Net income rose to $34.6 million from $21.5 million a year earlier, and net income available to common stockholders reached $32.8 million, driving basic and diluted EPS up to $0.75 from $0.45.
Net interest income increased to $112.3 million from $94.2 million as interest income grew faster than interest expense. The provision for credit losses rose to $12.3 million, reflecting higher credit costs, while non-interest income and careful cost control helped keep total non-interest expense slightly below last year.
Total assets were $15.0 billion at March 31, 2026, modestly below December 31, 2025, with loans held for investment of about $10.6 billion and total deposits of about $12.6 billion. The allowance for credit losses increased to $100.7 million, and the bank continued to use derivatives and hedge accounting to manage interest rate risk.
Dime Community Bancshares, Inc. reported that its Board of Directors 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, 2026 to holders of record as of May 8, 2026.
The company, a New York State-chartered trust company with approximately $15 billion in assets and leading community bank deposit market share in Greater Long Island, released these details in a press release furnished as Exhibit 99.1 to the current report.
Dime Community Bancshares reported stronger results for the quarter ended March 31, 2026, with net income available to common stockholders of $32.8 million, or $0.75 per diluted share. EPS rose 10% quarter over quarter and 67% year over year.
Net interest income was steady at $112.3 million, while the net interest margin improved to 3.21% from 3.11% in the prior quarter and 2.95% a year earlier. Loans held for investment, net, were $10.51 billion, and period-end deposits including mortgage escrows were $12.60 billion.
Credit quality remained relatively stable, with non-performing loans of $57.1 million, or 0.54% of total loans, and a credit loss provision of $12.3 million. The efficiency ratio improved to 50.8%, and tangible common book value per share increased to $27.73. Management highlighted core deposit and business loan growth, ongoing recruiting, and a planned rebrand to “Dime Commercial Bank” in the second quarter.