Dime Community Bancshares, Inc. /NY/

Dime Community Bancshares, Inc. (DCOM) announced a definitive merger agreement to acquire ES Bancshares, Inc. for approximately $58 million. The transaction, valued at $30 million in cash and 720,000 shares of Dime common stock, is expected to significantly enhance Dime's presence in Staten Island and Brooklyn. ES Bancshares, with approximately $596 million in assets as of September 30, 2026, will add a granular, low-cost deposit base and expand business relationships for Dime. The merger is projected to be EPS accretive and is expected to close in the first quarter of 2027.

Dime Community Bancshares, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share. This dividend is for the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A. The payment is scheduled for August 14, 2026, to shareholders of record as of August 7, 2026.

Dime Commercial Bancshares, Inc. reported strong second-quarter 2026 results, with diluted EPS increasing 17% year-over-year to $0.75. The company achieved record quarterly revenue of $126 million, driven by net interest margin expansion to 3.28%. Significant growth was noted in core deposits and business loans, alongside an improved adjusted efficiency ratio of 49.9%. Additionally, the company announced its intention to resume share buybacks in the third quarter, citing a strong capital position and improving profitability.

Dime Community Bancshares, Inc. announced that it expects to release its earnings for the second quarter ended June 30, 2026, before the U.S. equity markets open on Thursday, July 23, 2026. The company will host a conference call at 8:30 a.m. ET on the same day, featuring President and CEO Stuart Lubow, who will discuss the financial performance. A question-and-answer session will follow the CEO's remarks, and both webcast and telephone access options are provided, with a replay available for 12 months.

Dime Commercial Bancshares, Inc. announced its ongoing support for the annual Sunrise Walk-A-Thon. This fundraising event is dedicated to benefiting children with cancer and their siblings who attend Sunrise Day Camp. The company, which manages approximately $15 billion in assets, highlights its commitment to community engagement through such initiatives.

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.