SOURCE: Dime Community Bancshares

Dime Community Bancshares

May 02, 2016 10:39 ET

Dime Community Bancshares Ranked #5 Nationally

BROOKLYN, NY--(Marketwired - May 02, 2016) - Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of the Dime Savings Bank of Williamsburgh (the "Bank") announced today that the Company finished fifth in the S&P Global Market Intelligence thrift ranking ("S&P Global"), marking the eigth consecutive year of placing in the top five. S&P Global's thrift ranking was based on an analysis of the 50 largest publicly traded thrifts by total assets as of December 31, 2015.

Vincent F. Palagiano, Dime's Chairman and Chief Executive Officer, said, "Dime is gratified to be recognized by S&P Global for our consistently strong financial and credit performance, and we are particularly pleased with our eigth consecutive top five finish."

S&P Global's ranking was based on six financial metrics for the 12 months ended December 31, 2015, and consists of return on average assets, return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share, non-performing loans to total loans, and net charge-offs to average loans.

The Dime Savings Bank of Williamsburgh, subsidiary of Dime Community Bancshares, has been one of the leading New York City multifamily lenders for over three decades and was recently recognized as one of the top commercial real estate and multifamily lenders in the New York City area by Commercial Observer, a leading periodical on New York's commercial real estate markets.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company (NASDAQ: DCOM) had $5.52 billion in consolidated assets as of March 31, 2016, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five branches located throughout Brooklyn, Queens, the Bronx, and Nassau County. More information on the Company and the Bank can be found at www.dime.com.

Contact Information

  • Contact:
    Kenneth Ceonzo
    Director of Investor Relations
    718-782-6200 extension 8279