Trade Dime Community Bancshares Inc - DCOM CFD

Dime Community Bancshares, Inc. Company profile

About Dime Community Bancshares Inc (New York)

Dime Community Bancshares, Inc. is a holding company for Dime Community Bank. It is primarily engaged in commercial banking and financial services. The Bank provides deposit and loan products and financial services to local businesses, consumers, and municipalities. It offers insurance services, financial planning, and investment consultation. It provides business banking solutions, which includes checking and savings, such as business checking and business savings; account services, such as mobile banking, online banking and bill pay, professional services, merchant services, and treasury management, and other services, such as municipal banking, foreign exchange, and business credit cards. Its commercial lending includes commercial term loans, construction loans, commercial lines of credit, letters of credit and commercial property, such as commercial mortgages, and multifamily and mixed-use property loans. It provides safe deposit boxes and consumer credit cards.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Dime Community Bancshares Inc (New York) interest income increased from $184.2M to $384.6M. Net interest income after loan loss provision increased from $160.8M to $351.4M. Net income applicable to common stockholders increased from $44.6M to $95.5M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 9% to 3.15%, Net Interest Spread.

Equity composition

Common Stock $.01 Par, 12/10, 20M auth., 6,456,742 issd., less 92,086 shs. in Treas. @ $3.5M. Insiders control 10.35%. IPO: NA. 7/98, 4/97, 3-for-1 stock split. 7/04, 3-for-2 stock split. 6/08, Exchange changed from OTC Bulletin Board to NASDAQ.