BROOKLYN, N.Y., April 14, 2017 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “bank”) announced today that the Company finished third in the S&P Global Market Intelligence thrift ranking (“S&P Global”), marking the ninth 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, 2016.
Kenneth J. Mahon, Dime’s President and Chief Executive Officer, said, “Dime is gratified to be recognized by S&P Global for our strong financial and credit performance, and we are particularly pleased with our number three ranking. It is also a testament to the strong work of our employees and the execution of our strategy that we’ve been able to maintain our top 5 ranking over the past nine years.”
S&P Global’s ranking was based on six financial metrics for the 12 months ended December 31, 2016, and consisted 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.
Dime Community Bank has been one of the leading New York City multifamily lenders for over three decades and has been 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 had $6.01 billion in consolidated assets as of December 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-seven branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the bank can be found on Dime's website at www.dime.com.