Dime Community Bancshares, Inc. /NY/

Dime Community Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock. The dividend is scheduled to be paid on July 24, 2026, to shareholders of record as of July 17, 2026. The company highlighted its consistent history of uninterrupted dividend payments.

Dime Community Bancshares, Inc. announced that Kroll Bond Rating Agency (KBRA) issued a "Positive" ratings Outlook for the company, affirming its BBB+ deposit and senior unsecured debt ratings. KBRA cited management's successful execution of operating strategies, including deposit gathering and loan portfolio diversification, which have led to stronger earnings, improved capital, and reduced investor CRE concentration. The company's funding and liquidity were highlighted as notable strengths, with over $3 billion in core deposits generated since 2023.

Dime Community Bancshares, Inc. announced its rebranding and name change to Dime Commercial Bank, effective June 2, 2026. To celebrate this milestone, President and CEO Stuart H. Lubow will ring The Opening Bell at the New York Stock Exchange. The company's bank has approximately $15 billion in assets and holds the number one deposit market share on Greater Long Island.

Dime Community Bancshares, Inc. announced a corporate name change to Dime Commercial Bancshares, Inc., effective May 28, 2026, following shareholder approval. At its annual meeting, shareholders also elected eleven directors, ratified Crowe LLP as the independent auditor for 2026, and approved executive compensation on an advisory basis. Additionally, the company amended employment agreements for its top executives, removing perquisite allowances and incorporating these amounts into their base salaries, and revised severance terms for CEO Stuart H. Lubow.

Dime Community Bancshares, Inc. announced that it has made a financial presentation available to investors. This presentation is intended for its Annual Meeting of Shareholders, which took place on May 27, 2026. Investors can access the presentation on the company's website by navigating to the 'Investor Relations' section and selecting 'Presentations' from the 'Events & Presentations' menu.

Dime Community Bancshares, Inc. announced the expansion of its Williamsburg footprint by signing a lease for a prominent banking space at 185 Broadway, formerly occupied by Signature Bank. This move underscores Dime's continued investment in Brooklyn and its long-term commitment to serving local businesses and residents. The new location, which reflects Dime's strategic growth initiatives, is expected to open in the fourth quarter. Dime, founded in Williamsburg in 1864, has approximately $15 billion in assets.

Dime Community Bancshares announced its support for The Center for Advocacy, Support and Transformation (CAST), specifically its North Fork Culinary Program. CAST provides a critical safety net for vulnerable and low-income individuals and families on the North Fork of Long Island, addressing food, housing, employment, and healthcare insecurity. The organization is committed to helping people achieve economic security through education and workforce training.

Dime Community Bancshares, Inc. announced its continued support for the Committee for Hispanic Children and Families (CHCF). CHCF provides essential programs for underserved children and families in New York City, including home-based childcare providers, focusing on education, capacity building, and advocacy. Dime is a New York State-chartered trust company with approximately $15 billion in assets and holds the top deposit market share on Greater Long Island.

Dime Community Bancshares, Inc. announced the formation of its new Equipment & Franchise Finance Group, a strategic move to expand specialized commercial banking verticals and drive organic growth. The group will focus on delivering customized financing solutions to middle market companies and experienced franchise operators, particularly in essential-use equipment and quick-service restaurants. Keith Smith, an industry veteran, has been appointed to lead this new initiative, bringing decades of experience from Star Hill Financial and Sterling National Bank.

Dime Community Bancshares reported strong first-quarter 2026 results, with net income available to common stockholders increasing by 66.8% to $32.76 million and basic EPS rising to $0.75. The company saw a significant 19.1% increase in net interest income and a 4.2% reduction in total non-interest expense. Additionally, Dime Community Bancshares recorded a net gain on debt extinguishment and reduced its FHLBNY advances and subordinated debt, despite a slight decrease in total assets and deposits quarter-over-quarter.