Dime Community Bancshares, Inc. (NASDAQ:DCOM) Q4 2024 Earnings Conference Call January 23, 2025 8:30 AM ET Company Participants Stuart Lubow - President & Chief Executive Officer Avi Reddy - Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Chris O'Connell - KBW Manuel Navas - D.A. Davidson Matthew Breese - Stephens Inc. Operator Good day. Thank you for standing by. Welcome to Dime Community Bancshares Inc. Fourth Quarter Earnings Conference Call ...

Dime Community (DCOM) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.33%. A quarter ago, it was expected that this bank holding company would post earnings of $0.41 per share when it actually produced earnings of $0.29, delivering a surprise of -29.27%.Over the last four quarters, ...

Exhibit 99.1 Dime Community Bancshares, Inc. Reports Fourth Quarter 2024 Results Strong Growth in Deposits, Business Loans and Capital Ratios on a Year-Over-Year Basis Net Interest Margin Expands by 29 basis points on a Linked Quarter Basis to 2.79% Hauppauge, NY, January 23, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), today reported net income available to common stockholders of $21.8 million for ...

Strong Growth in Deposits, Business Loans and Capital Ratios on a Year-Over-Year Basis Net Interest Margin Expands by 29 basis points on a Linked Quarter Basis to 2.79% HAUPPAUGE, N.Y., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $21.8 million for the year ended December 31, 2024, or $0.55 per diluted common share, compared to n ...

Wall Street analysts forecast that Dime Community (DCOM) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year increase of 10.3%. It is anticipated that revenues will amount to $96.71 million, exhibiting an increase of 16.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timefram ...

HAUPPAUGE, N.Y., Jan. 17, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") today announced that it will return as the lead sponsor for the 6th consecutive year. The Dime McCarren 5K supports St Nick's Alliance, which supports and manages affordable housing and educational programs for under privileged youth in Brooklyn. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding c ...

HAUPPAUGE, N.Y., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended December 31, 2024 before the open of the U.S. equity markets on Thursday, January 23, 2025. The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, January 23, 2025, during which President and Chief Executive Officer (“CEO”), Stuart Lubow, will discuss the Company’s fourth quarter financial p ...

HAUPPAUGE, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company”), the parent company of Dime Community Bank (the “Bank” or “Dime”) announced today that Dime recently received an overall “Outstanding” Community Reinvestment Act (“CRA”) rating from the Federal Reserve Bank of New York (“FRBNY”). The CRA encourages banks to help meet the credit needs of the communities in which they operate, including Low-to-Moderate Income (“LMI”) neighborhoods. Dime received a ...

Company Overview - Dime Community Bancshares Inc is the parent company of Dime Community Bank a New York State-chartered trust company with over $13 7 billion in assets [6] - The company holds the number one deposit market share among community banks on Greater Long Island [6] - Aggregate deposit market share for Kings Queens Nassau & Suffolk counties for community banks with less than $20 billion in assets is noted [5] Leadership and Governance - Michael P Devine a long-serving director and former executive has announced his retirement from the Board of Directors after a 40-plus year association with Dime [3] - Devine began his career with Dime Savings Bank in 1971 and served in various capacities including President and Chief Operating Officer and later as Director and Vice Chairman [1] - Devine played a key role in the company's transition from a mutual to a stock-owned bank in 1996 and its evolution into a full-service commercial bank [7] Strategic Positioning and Future Outlook - Under Devine's leadership the company systematically improved its operations resulting in top-notch service for both business clients and retail customers [4] - The company is well-positioned for future growth with a strong board management and employee base [4] - Devine's retirement marks the end of an era but the company remains confident in its leadership and strategic direction [4][7]

HAUPPAUGE, N.Y., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today announced the completion of a repositioning of its available-for-sale investment securities portfolio. During the fourth quarter: The Company executed the sale of $379 million of lower-yielding available-for-sale debt securities. The securities sold had a weighted average yield of 1.20% and a weighted average duration of 3. ...