Dime Continues Support for Committee for Hispanic Children and Families
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy DCOM?
Source: Newsfilter
- Ongoing Support: Dime announced its continued support for the Committee for Hispanic Children and Families (CHCF), which is dedicated to serving underserved children and families in New York City, thereby enhancing their educational and learning support systems.
- Service Scope: CHCF strengthens the support system for home-based childcare providers serving vulnerable populations through programs focused on education, capacity building, and advocacy, ultimately improving community welfare.
- Asset Size: Dime is a New York State-chartered trust company with approximately $15 billion in assets, holding the number one deposit market share in the Greater Long Island area, demonstrating its strong influence in the local financial market.
- Market Position: Data indicates that Dime holds the highest deposit market share among commercial banks with less than $20 billion in assets across Kings, Queens, Nassau, and Suffolk counties, further solidifying its leadership position in the market.
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Analyst Views on DCOM
Wall Street analysts forecast DCOM stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 36.620
Low
36.00
Averages
38.33
High
40.00
Current: 36.620
Low
36.00
Averages
38.33
High
40.00
About DCOM
Dime Community Bancshares, Inc. is a bank holding company. The Company is engaged in providing commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank (the Bank). The Bank is engaged in providing full-service commercial and consumer banking services, including accepting time, savings and demand deposits from businesses, consumers, and local municipalities. It also offers the Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) programs. In addition, it offers merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts, as well as investment services through Dime Financial Services LLC. Through its title insurance subsidiary, the Bank acts as a broker for title insurance services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dime Continues Support for Committee for Hispanic Children and Families
- Ongoing Support: Dime announced its continued support for the Committee for Hispanic Children and Families (CHCF), which is dedicated to serving underserved children and families in New York City, thereby enhancing their educational and learning support systems.
- Service Scope: CHCF strengthens the support system for home-based childcare providers serving vulnerable populations through programs focused on education, capacity building, and advocacy, ultimately improving community welfare.
- Asset Size: Dime is a New York State-chartered trust company with approximately $15 billion in assets, holding the number one deposit market share in the Greater Long Island area, demonstrating its strong influence in the local financial market.
- Market Position: Data indicates that Dime holds the highest deposit market share among commercial banks with less than $20 billion in assets across Kings, Queens, Nassau, and Suffolk counties, further solidifying its leadership position in the market.
See More
Dime Continues Support for Committee for Hispanic Children and Families
- Community Support Commitment: Dime Community Bancshares announced its continued support for the Committee for Hispanic Children and Families (CHCF), which serves underserved children and families in New York City, enhancing educational and support systems to improve overall community welfare.
- Education and Capacity Building: CHCF strengthens the learning support system for children through education, capacity building, and advocacy, aiming to improve the quality of life for underserved populations, reflecting Dime's commitment to social responsibility.
- Asset Size and Market Position: As a New York State-chartered trust company managing approximately $15 billion in assets, Dime holds the number one deposit market share in Greater Long Island, showcasing its strong influence in the financial services sector.
- Forward-Looking Statements: The news release includes forward-looking statements that highlight Dime's commitment to the future and awareness of potential risks, emphasizing the importance of maintaining transparency in a changing market environment.
See More
Dime Community Bancshares Launches Equipment & Franchise Finance Group
- New Business Unit Launch: Dime Community Bancshares announced the establishment of its Equipment & Franchise Finance Group on Monday, aiming to expand its specialized commercial banking operations by providing financing solutions tailored for middle-market companies and franchise operators.
- Focus on Financing Solutions: The new unit will concentrate on equipment financing and franchise lending, which is expected to offer more flexible funding support to mid-sized businesses, thereby enhancing their market competitiveness and driving growth.
- Executive Appointment: Dime has appointed Keith Smith as Senior VP and head of the new group, and with his extensive industry experience, he is anticipated to accelerate the development of this new business unit.
- Future Outlook: The launch of this new business aligns with Dime's goal to achieve a net interest margin exceeding 3.50% by Q4 2027, reflecting the company's confidence in future growth and strategic positioning.
See More
Dime Continues as Lead Sponsor for Brooklyn 5K Run
- Continued Sponsorship: Dime has announced its ongoing role as the lead sponsor for the Dime McCarren 5K run, marking the tenth consecutive year of its participation, which underscores the company's long-term commitment to the community.
- Charitable Purpose: The funds raised from this event will benefit St. Nick's Alliance, which provides essential services to underserved youth and adults in Brooklyn, including youth aftercare, literacy education, elder care, and workforce development, reflecting Dime's emphasis on social responsibility.
- Event Date: The Dime McCarren 5K run is scheduled for June 13 at McCarren Park, expected to attract a large number of participants, thereby enhancing Dime's brand presence within the local community.
- Market Position: Dime is a New York State-chartered trust company with approximately $15 billion in assets and holds the number one deposit market share in Greater Long Island, demonstrating its strong competitive position in the financial services industry.
See More
Dime Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Dime's Board of Directors has declared a cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on May 15, 2026, reflecting the company's commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for May 8, 2026, ensuring that investors holding shares before this date will receive the dividend, thereby enhancing investor confidence in their holdings.
- Asset Scale: Dime operates as a New York State-chartered trust company with approximately $15 billion in assets, further solidifying its market position in Greater Long Island, particularly as the leading deposit market share among community banks.
- Market Share Advantage: Dime holds the number one deposit market share in Kings, Queens, Nassau, and Suffolk counties among community banks with less than $20 billion in assets, demonstrating its strong competitive edge and customer base in the local market.
See More
Dime Community Bancshares Q1 2026 Earnings Call Insights
- Earnings Growth: Dime Community Bancshares reported Q1 EPS of $0.75, a 67% increase year-over-year, with total core revenues reaching $124 million, exceeding analyst expectations and indicating strong revenue momentum.
- Strong Loan Pipeline: The company has a loan pipeline exceeding $1.5 billion with an average rate between 6.25% and 6.5%, demonstrating continued growth in business loans while managing the commercial real estate (CRE) ratio lower, enhancing the quality of the loan portfolio.
- Strategic Hiring: Dime has recruited two strong deposit teams from the former Signature Bank and plans to launch a new equipment and franchise finance vertical on May 1, which is expected to positively impact earnings in 2027, further enhancing market competitiveness.
- Expense Guidance Increase: The company raised its guidance for core cash operating expenses to approximately $260 million for 2026, reflecting cautious expectations for future operating costs, while also anticipating modest NIM expansion in the second quarter, showcasing management's confidence in profitability.
See More
Dime Continues Support for Committee for Hispanic Children and Families
- Ongoing Support: Dime announced its continued support for the Committee for Hispanic Children and Families (CHCF), which is dedicated to serving underserved children and families in New York City, thereby enhancing their educational and learning support systems.
- Service Scope: CHCF strengthens the support system for home-based childcare providers serving vulnerable populations through programs focused on education, capacity building, and advocacy, ultimately improving community welfare.
- Asset Size: Dime is a New York State-chartered trust company with approximately $15 billion in assets, holding the number one deposit market share in the Greater Long Island area, demonstrating its strong influence in the local financial market.
- Market Position: Data indicates that Dime holds the highest deposit market share among commercial banks with less than $20 billion in assets across Kings, Queens, Nassau, and Suffolk counties, further solidifying its leadership position in the market.
See More
Dime Continues Support for Committee for Hispanic Children and Families
- Community Support Commitment: Dime Community Bancshares announced its continued support for the Committee for Hispanic Children and Families (CHCF), which serves underserved children and families in New York City, enhancing educational and support systems to improve overall community welfare.
- Education and Capacity Building: CHCF strengthens the learning support system for children through education, capacity building, and advocacy, aiming to improve the quality of life for underserved populations, reflecting Dime's commitment to social responsibility.
- Asset Size and Market Position: As a New York State-chartered trust company managing approximately $15 billion in assets, Dime holds the number one deposit market share in Greater Long Island, showcasing its strong influence in the financial services sector.
- Forward-Looking Statements: The news release includes forward-looking statements that highlight Dime's commitment to the future and awareness of potential risks, emphasizing the importance of maintaining transparency in a changing market environment.
See More
Dime Community Bancshares Launches Equipment & Franchise Finance Group
- New Business Unit Launch: Dime Community Bancshares announced the establishment of its Equipment & Franchise Finance Group on Monday, aiming to expand its specialized commercial banking operations by providing financing solutions tailored for middle-market companies and franchise operators.
- Focus on Financing Solutions: The new unit will concentrate on equipment financing and franchise lending, which is expected to offer more flexible funding support to mid-sized businesses, thereby enhancing their market competitiveness and driving growth.
- Executive Appointment: Dime has appointed Keith Smith as Senior VP and head of the new group, and with his extensive industry experience, he is anticipated to accelerate the development of this new business unit.
- Future Outlook: The launch of this new business aligns with Dime's goal to achieve a net interest margin exceeding 3.50% by Q4 2027, reflecting the company's confidence in future growth and strategic positioning.
See More
Dime Continues as Lead Sponsor for Brooklyn 5K Run
- Continued Sponsorship: Dime has announced its ongoing role as the lead sponsor for the Dime McCarren 5K run, marking the tenth consecutive year of its participation, which underscores the company's long-term commitment to the community.
- Charitable Purpose: The funds raised from this event will benefit St. Nick's Alliance, which provides essential services to underserved youth and adults in Brooklyn, including youth aftercare, literacy education, elder care, and workforce development, reflecting Dime's emphasis on social responsibility.
- Event Date: The Dime McCarren 5K run is scheduled for June 13 at McCarren Park, expected to attract a large number of participants, thereby enhancing Dime's brand presence within the local community.
- Market Position: Dime is a New York State-chartered trust company with approximately $15 billion in assets and holds the number one deposit market share in Greater Long Island, demonstrating its strong competitive position in the financial services industry.
See More
Dime Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Dime's Board of Directors has declared a cash dividend of $0.34375 per share on its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on May 15, 2026, reflecting the company's commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for May 8, 2026, ensuring that investors holding shares before this date will receive the dividend, thereby enhancing investor confidence in their holdings.
- Asset Scale: Dime operates as a New York State-chartered trust company with approximately $15 billion in assets, further solidifying its market position in Greater Long Island, particularly as the leading deposit market share among community banks.
- Market Share Advantage: Dime holds the number one deposit market share in Kings, Queens, Nassau, and Suffolk counties among community banks with less than $20 billion in assets, demonstrating its strong competitive edge and customer base in the local market.
See More
Dime Community Bancshares Q1 2026 Earnings Call Insights
- Earnings Growth: Dime Community Bancshares reported Q1 EPS of $0.75, a 67% increase year-over-year, with total core revenues reaching $124 million, exceeding analyst expectations and indicating strong revenue momentum.
- Strong Loan Pipeline: The company has a loan pipeline exceeding $1.5 billion with an average rate between 6.25% and 6.5%, demonstrating continued growth in business loans while managing the commercial real estate (CRE) ratio lower, enhancing the quality of the loan portfolio.
- Strategic Hiring: Dime has recruited two strong deposit teams from the former Signature Bank and plans to launch a new equipment and franchise finance vertical on May 1, which is expected to positively impact earnings in 2027, further enhancing market competitiveness.
- Expense Guidance Increase: The company raised its guidance for core cash operating expenses to approximately $260 million for 2026, reflecting cautious expectations for future operating costs, while also anticipating modest NIM expansion in the second quarter, showcasing management's confidence in profitability.
See More
