Headquartered in Hauppauge, NY Fiscal year ends December NASDAQ: DCOM dime.com
Dime Community Bancshares (NYSE: DCOM) is a New York State-chartered trust company with approximately $15 billion in assets, operating as a commercial bank serving the Greater Long Island market including Kings, Queens, Nassau, and Suffolk counties. The company holds the number one deposit market share on Greater Long Island among commercial banks with less than $20 billion in assets. Dime's loan portfolio of approximately $10.6 billion is diversified across business loans (commercial and industrial, owner-occupied CRE), multifamily residential, non-owner-occupied commercial real estate, one-to-four family residential, and acquisition/development/construction lending. The company is actively diversifying its balance sheet toward commercial banking, with plans to rebrand as 'Dime Commercial Bank,' and has been aggressively recruiting senior banking talent from disrupted competitors in the New York metropolitan area. Dime maintains a strong liquidity position with over $2 billion in cash and generates revenue primarily through net interest income supplemented by service charges, BOLI income, SBA loan sale gains, and other fee-based activities. Updated
Regional banks continued their steady dividend payouts this week, with Dime Community Bancshares (NASDAQ: DCOM) paying 25 cents per share on Jan. 23, maintaining the quarterly rate it’s held since early 2023.…
Dime Community Bancshares (NYSE: DCOM) is a New York State-chartered trust company with approximately $15 billion in assets, operating as a commercial bank serving the Greater Long Island market including Kings, Queens, Nassau, and Suffolk counties.
The Wall Street consensus 12-month price target for DCOM is $46.00.
