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NEW YORK - Dime Community Bancshares, Inc. (NASDAQ:DCOM), a $1.34 billion market cap regional bank trading at a P/E ratio of 34.58, announced Wednesday it has expanded its commercial lending platform with the addition of five banking professionals to strengthen its mid-corporate and specialty finance capabilities. According to InvestingPro data, the bank has shown strong financial health with net income expected to grow this year.
The new hires include Ryan Kent as Director of Commercial Strategic Initiatives, Elvis Grgurovic as Co-Head of the Mid Corporate vertical, Eric Pelletier as Head of Syndications, and Matt Greene and Barry Renow as Senior Vice Presidents in the Mid-Corporate and Specialty Finance vertical.
Four of the five new team members previously worked at Webster Bank, while Renow joins from BHI USA.
"The hires align with our focus of building a diversified commercial loan portfolio," said Stuart H. Lubow, President and Chief Executive Officer of Dime, in a press release statement.
Thomas X. Geisel, Senior Executive Vice President of Commercial Lending, noted that the additions would strengthen the bank’s capabilities in mid-corporate lending, specialty lending, and loan syndications.
Dime Community Bancshares is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets. The bank operates primarily in the Greater Long Island area. InvestingPro analysis shows the company trading near its Fair Value, with four analysts recently revising earnings estimates upward for the upcoming period. For deeper insights into DCOM’s financial health and growth prospects, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Dime Community Bancshares reported its second-quarter earnings for 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.64, slightly higher than the projected $0.63, representing a surprise of 1.59%. Additionally, Dime Community outperformed revenue forecasts, recording $109.7 million compared to the anticipated $106.96 million, resulting in a 2.56% surprise. These developments highlight the company’s strong financial performance in the recent quarter. While the earnings call provided positive news for investors, there were no updates regarding mergers or acquisitions. Analyst firms have not recently issued upgrades or downgrades for Dime Community Bancshares. This information reflects the current state of the company’s financial health and market position.
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