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Dime Community Bancshares Reports Earnings

Over $450 Million in Loans Closed During the Quarter, Representing a 22% Annualized Loan Growth Rate

BROOKLYN, NY -- (Marketwire) -- 01/24/13 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of The Dime Savings Bank of Williamsburgh (the "Bank"), today reported financial results for the quarter and fiscal year ended December 31, 2012.

Consolidated net income for the quarter ended December 31, 2012 was $6.7 million, or 19 cents per diluted share, compared to $11.8 million, or 34 cents per diluted share, for the quarter ended September 30, 2012, and $12.7 million, or 38 cents per diluted share, for the quarter ended December 31, 2011.

During the quarter ended December 31, 2012, the Company recognized an after-tax charge of $14.0 million, or $0.40 per share, on the prepayment of borrowed funds, which was partially offset by after-tax gains of $7.5 million, or $0.22 per share, on the disposal of three real estate parcels. The Company also recognized an after tax gain of $487,000, or $0.01 per share, on the sale of an equity mutual fund investment. Excluding these three transactions, net income would have been $12.8 million, or $0.37 per diluted share, during the three months ended December 31, 2012.

Vincent F. Palagiano, Chairman and Chief Executive Officer of Dime, commented, "For those who tracked our loan pipeline at the end of last quarter, you know that we were anticipating a strong quarter for originations, and it is certainly reflected in this quarter's loan growth. It was also a very active quarter in other ways as well. In addition to growing the loan portfolio at a 22% annualized rate (supported by over $450 million of originations), $155 million of high cost, long-term borrowings were prepaid and three bank-owned properties were sold at a significant gain, offsetting a portion of the borrowing prepayment fee. The three parcels were comprised of vacant land in Williamsburg, Brooklyn, and two multi-tenant commercial parcels, each containing a Dime branch. As Dime will remain a tenant in only one of the parcels, by virtue of the deposits in the other branch being serviced in the future by a branch less than a quarter mile away, operating expenses will be reduced modestly. Absent these material transactions, earnings would have been 37 cents per diluted share, three cents ahead of the prior quarter."

Mr. Palagiano continued, "Once again, the Company reported a solid quarter, as elevated loan refinance activity contributed approximately six cents to diluted earnings per share via prepayment fee income, and virtually no credit costs were recognized, as our loan portfolio continued its remarkable performance."

Net income was $40.3 million, or $1.17 per diluted share, for the year ended December 31, 2012. Excluding the significant financial transactions that occurred during the fourth quarter, net income would have been $46.4 million, or $1.35 per diluted share. This would have represented the 3rd highest level achieved by the Company since its initial public offering in 1996.

Mr. Palagiano noted, "Late in 2012, Dime transitioned from a period of no-growth to more of a measured-growth strategy, with an expectation that the Fed will adhere to its projection for maintaining low short-term interest rates through the end of 2015, and that credit costs will remain at current levels. The leverage capital ratio at the Bank level was 9.98% as of year-end (with a total risk based capital ratio of 13.7%), which is well above both regulatory, and bank-defined, guidelines for remaining well-capitalized. This leaves plenty of room for traditional capital leverage, and enhanced revenues from an expanding balance sheet should help to mitigate some of the pressure on earnings from a contracting net interest margin. The Bank typically ranks among the top 5 multifamily lenders in its delineated lending market (primarily Manhattan, Brooklyn and Queens), and our expectation is that this will continue in 2013."

Mr. Palagiano concluded, "I want to once again thank our officers and staff for all of their efforts that contributed to the successful results achieved in 2012."

OPERATING RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2012

Net Interest Margin
The interest (or "make whole") fee to prepay borrowings caused a 278 basis point drag on net interest margin ("NIM") during the quarter, which led to a reported NIM of 0.93% during the December 2012 quarter, compared to a reported NIM of 3.59% during the September 2012 quarter. For forecasting purposes, the "core" NIM, excluding both the effect of loan prepayment fees and borrowing prepayment charges, increased from 3.24% during the September 2012 quarter to 3.30% during the December 2012 quarter, reflecting a decline of 15 basis points in the average cost of interest bearing liabilities that was partially offset by a decline of 8 basis points in the average yield on interest earning assets (primarily reflecting a reduction of 27 basis points in the average yield on real estate loans exclusive of the effects of prepayment fee income).

The reduction in the average cost of interest bearing liabilities primarily reflected the benefits of the prepayment of the $155.0 million of higher cost borrowed funds that occurred early in the quarter ended December 31, 2012. In addition, the average cost of deposits declined by 2 basis points as the Company continued to avail itself of the beneficially low deposit offering rates in its market.

A reduction of $114.9 million in the combined average balance of investment securities and other short-term investments also contributed favorably to the increase in the adjusted NIM, as the average yield on a substantial portion of these assets approximated 0.50% and had a negative carrying cost (asset yield below the cost of funding) to the Company.

Because the Company utilized $155.0 million of its liquid cash balances to prepay borrowings, cash balances ended the year at $79.1 million, down from $194.7 million at September 30, 2012.

The 27 basis point decline in the average yield on real estate loans (excluding the effects of prepayment fee income) on a linked quarter basis resulted from portfolio refinance and amortization activities, and reflected marketplace competition which produced tighter spreads on multifamily loans, as U.S. Treasury yields continued to hover at historically low levels.

Net Interest Income
Net interest income was $8.6 million in the quarter ended December 31, 2012, down $24.8 million from the September 2012 quarter and down $25.6 million from the $34.1 million reported in the December 2011 quarter. These reductions resulted primarily from the $25.6 million pre-tax charge on the borrowing prepayment. Prepayment fee income on loans totaled $3.7 million during the December 2012 quarter, compared to $3.3 million recognized in the September 2012 quarter and $1.9 million during the December 2011 quarter. Absent the impact of loan prepayment fee income and borrowing prepayment costs, net interest income was $30.4 million during the December 31, 2012 quarter, up $359,000 from the September 2012 quarter and down $1.8 million from the December 31, 2011 quarter. The decline in net interest income (absent the impact of loan prepayment fee income and borrowing prepayment costs) from the December 2011 quarter resulted primarily from a decline of 35 basis points in the average yield earned on the Company's interest earning assets, reflecting the ongoing asset repricing throughout this prolonged period of accommodative monetary policy.

Provision/Allowance For Loan Losses
The Company recognized net charge-offs of $207,000 on real estate loans during the December 2012 quarter, and determined that only a minor provision for loan losses of $63,000 was warranted during the same period. This led to a net decrease of $144,000 in the allowance for loan losses during the quarter ended December 31, 2012.

At December 31, 2012, the allowance for loan losses as a percentage of total loans stood at 0.59%, down from 0.62% at the close of the prior quarter, primarily attributable to the growth in the loan portfolio and a small reduction in the allowance for loan losses during the December 2012 quarter.

Non-Interest Income
Non-interest income was $16.5 million for the quarter ended December 31, 2012, an increase of $13.9 million from the previous quarter, primarily reflecting the pre-tax gains of $13.7 million on the sales of the three real estate parcels and $887,000 on the sale of an equity mutual fund investment. Mortgage banking income increased $34,000 due to a larger recovery recognized on the liability for the first loss position on loans sold with recourse to Fannie Mae during the comparative period. Partially offsetting the increase in mortgage banking income was a reduction related to loan servicing fees totaling $375,000. Excluding these non-recurring items, normalized non-interest income declined by approximately $439,000 on a linked quarter basis due primarily to lower fee income associated with ATM activities and loan commitments.

Non-Interest Expense
Non-interest expense was $14.7 million in the quarter ended December 31, 2012, down $1.1 million from the prior quarter, and $1.3 million below the forecasted level of $16.0 million, due primarily to an aggregate reduction in marketing and legal expenses of $708,000.

Non-interest expense was 1.51% of average assets during the most recent quarter. The efficiency ratio, excluding the impact of both the $25.6 million pre-tax borrowing prepayment charge and the gains recognized on the sales of both real estate and the equity mutual fund, approximated 40.9%. This remains among the lowest efficiency ratios in the industry, and is a longstanding hallmark of Dime.

Income Tax Expense
Due to tax benefits recognized as a result of the significant financial transactions that occurred during the period, the effective tax rate approximated 34% during the most recent quarter. Excluding those, the effective tax rate approximated 40% during the December 2012 quarter, slightly below the 41% forecasted level.

BALANCE SHEET
Total assets were $3.91 billion at December 31, 2012, down $49.0 million from September 30, 2012. Cash and due from banks and federal funds sold and other short-term investments declined by $115.6 million and $60.0 million respectively, as these liquid funds were utilized to both prepay $155.0 million of borrowings and pay semi-annual real estate tax payments out of escrow deposits.

Real estate loans increased approximately $180.0 million during the most recent quarter. Deposits also increased $60.3 million during the same period.

Real Estate Loans
Real estate loan originations were $454.5 million during the December 2012 quarter, at an average rate of 3.42%. Of this amount, $102.2 million represented loan refinances from the existing portfolio. Loan amortization and satisfactions, also including the $102.2 million of refinances of existing loans, totaled $253.3 million during the quarter, or 29.7% of the average portfolio balance on an annualized basis. The average rate on amortized or satisfied loan balances during the most recent quarter was 5.74%. Total loan commitments stood at $138.8 million at December 31, 2012, with a weighted average rate of 3.73%. The average yield on the loan portfolio (excluding prepayment fee income) during the quarter ended December 31, 2012 was 4.85%, compared to 5.12% during the September 2012 quarter and 5.39% during the December 2011 quarter.

Credit Summary
Non-performing loans (excluding loans held for sale) were $8.9 million, or 0.25% of total loans, at December 31, 2012, down from $10.7 million, or 0.32% of total loans, at September 30, 2012. Loans delinquent between 30 and 89 days and accruing interest were $7.2 million, or approximately 0.20% of total loans, at December 31, 2012, compared to $4.3 million, or 0.13% of total loans, at September 30, 2012.

The sum of non-performing assets represented 2.6% of tangible capital plus the allowance for loan losses (a statistic otherwise known as the "Texas Ratio") at December 31, 2012 (see table at the end of this release). This number compares very favorably to both industry and regional averages.

Within the pool of serviced loans previously sold to Fannie Mae with recourse exposure, total loans delinquent 30 days or more approximated $703,000 at December 31, 2012, down from $2.0 million at September 30, 2012. The remaining pool of loans serviced for Fannie Mae totaled $256.7 million as of December 31, 2012, down from $279.8 million as of September 30, 2012. Due to both ongoing amortization and stabilization of problem loans within the Fannie Mae portfolio, the Company determined that its liability for the first loss position could be reduced by $178,000, which was recognized during the quarter ended December 31, 2012.

As of December 31, 2012, the Company's loan portfolio had experienced only minor performance issues stemming from Hurricane Sandy, which, on October 28 and 29, 2012, caused extensive damage to real estate properties throughout its market area.

Deposits and Borrowed Funds
Deposits increased $60.3 million from September 30, 2012 to December 31, 2012, due primarily to net inflows of $76.0 million in money market deposits. The Bank is being somewhat more aggressive in its promotional deposit pricing as part of its long-term strategy to emphasize deposits to fund growth rather than borrowings. At December 31, 2012, average deposit balances approximated $95.4 million per branch. The Bank remains selective in the products, rates and terms on which it competes for deposits, focusing on products that encourage long-term customer retention, and discouraging renewals of promotional deposits in cases where customer relationships have not proved durable.

During the December 2012 quarter, the Company prepaid its entire $155.0 million balance of securities sold under agreements to repurchase borrowings and increased its Federal Home Loan Bank of New York ("FHLBNY") advances by $75.0 million. Despite the long-term goal to emphasize deposits to fund growth, the Company will continue to use FHLBNY advances to supplement deposit funding when appropriate.

Capital
The Company's consolidated tangible common equity ratio (Tier 1 core leverage) grew this quarter as a result of both retained earnings and a reduction in tangible assets. Consolidated tangible capital was 8.97% of tangible assets at December 31, 2012, an increase of 21 basis points from September 30, 2012. The Company also had approximately $70.7 million of trust preferred debt securities outstanding at December 31, 2012, which, when added to Tier 1 (tangible) capital, increased its consolidated Tier 1 (tangible) capital ratio to approximately 10.4%.

The Bank's tangible capital ratio was 9.98% at December 31, 2012, up from 9.83% at September 30, 2012. The Bank's Total Risk-Based Capital Ratio was 13.67% at December 31, 2012, compared to 14.33% at September 30, 2012.

Reported earnings per share exceeded the quarterly cash dividend rate per share by 36%. Excluding the effects of the significant financial transactions that occurred during the most recent quarter, earnings per share exceeded the quarterly cash dividend rate per share by 164%, a 38% payout ratio. Despite the charge on the borrowing prepayment, additions to capital from earnings and stock option exercises during the most recent quarterly period caused tangible book value per share to increase $0.09 sequentially during the most recent quarter, to $9.67 at December 31, 2012.

OUTLOOK FOR THE QUARTER ENDING MARCH 31, 2013
At December 31, 2012, Dime had outstanding loan commitments accepted totaling $138.8 million (of which $66 million related to loan refinances from the current portfolio), all of which are likely to close during the quarter ending March 31, 2013. Total loan originations for the first quarter of 2013 are expected to approximate $225 million at an average interest rate expected to approximate 3.5%.

As discussed earlier in the release, the Company has transitioned into a period of measured loan portfolio and balance sheet growth, in part to utilize capital efficiently and in part to mitigate the effects of a contracting margin. For the year ending December 31, 2013, balance sheet growth is targeted to approximate 5.0%, subject to change to reflect market conditions. Loan prepayments and amortization remained elevated during the most recent quarter, however, are currently anticipated to fall below their 30% annualized 2012 level during the year ending December 2013, and are expected to approximate 25% - 30% during the March 2013 quarter.

On the liability side, deposit funding costs are expected to remain near current historically low levels through the first quarter of 2013. The Bank has $146.0 million of CDs maturing at an average cost of 0.86% during the quarter ending March 31, 2013. Offering rates on 12-month term CDs currently approximate 50 basis points. The Company has $95.0 million of borrowings (predominantly short-term in nature) due to mature during the quarter ending March 31, 2013. The Company currently anticipates they will be replaced with deposits. Beginning this month, the Bank initiated a deposit campaign, using promotional rates, which is receiving a successful response. Through this release date, over $60 million of deposits have been raised. As a result, there should be some slight increase in cost of deposits, as measured on a linked quarter basis.

If current positive credit trends continue, as expected, loan loss provisioning will continue to be a function only of loan portfolio growth.

Absent any unforeseen items, non-interest expense is expected to approximate $15.5 million during the March 2013 quarter.

The Company projects that the consolidated effective tax rate will approximate 41.0% in the March 2013 quarter.

ABOUT DIME COMMUNITY BANCSHARES, INC.
The Company (NASDAQ: DCOM) had $3.91 billion in consolidated assets as of December 31, 2012, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-six branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Dime can be found on the Dime's Internet website at www.dime.com.

This News Release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements may be identified by use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions.

Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These factors include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company's control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of Dime; changes in accounting principles, policies or guidelines may cause the Company's financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates; legislation or regulatory changes may adversely affect the Company's business; technological changes may be more difficult or expensive than the Company anticipates; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; or litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates.

              DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
          UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                    (In thousands except share amounts)

                                 December 31,  September 30,   December 31,
                                     2012           2012           2011
                                -------------  -------------  -------------
ASSETS:
Cash and due from banks         $      79,076  $     194,702  $      43,309
Investment securities held to
 maturity                               5,927          5,957          6,511
Investment securities available
 for sale                              32,950         55,026        174,868
Trading securities                      4,874          3,432          1,774
Mortgage-backed securities
 available for sale                    49,021         81,792         93,877
Federal funds sold and other
 short-term investments                     -         59,999            951
Real Estate Loans:
 One-to-four family and
  cooperative apartment                91,876         88,825        100,712
 Multifamily and underlying
  cooperative (1)                   2,670,973      2,490,470      2,599,456
 Commercial real estate (1)           735,224        739,509        751,586
 Construction and land
  acquisition                             476            528          3,199
 Unearned discounts and net
  deferred loan fees                    4,836          4,169          3,463
                                -------------  -------------  -------------
 Total real estate loans            3,503,385      3,323,501      3,458,416
                                -------------  -------------  -------------
 Other loans                            2,423          2,492          2,449
 Allowance for loan losses            (20,550)       (20,694)       (20,254)
                                -------------  -------------  -------------
Total loans, net                    3,485,258      3,305,299      3,440,611
                                -------------  -------------  -------------
Loans held for sale                       560            387          3,022
Premises and fixed assets, net         30,518         33,363         32,646
Federal Home Loan Bank of New
 York capital stock                    45,011         41,636         49,489
Goodwill                               55,638         55,638         55,638
Other assets                          116,566        117,127        118,484
                                -------------  -------------  -------------
TOTAL ASSETS                    $   3,905,399  $   3,954,358  $   4,021,180
                                =============  =============  =============
LIABILITIES AND STOCKHOLDERS'
 EQUITY:
Deposits:
Non-interest bearing checking   $     159,144  $     151,269  $     141,079
Interest Bearing Checking              95,159         91,514         99,308
Savings                               371,792        365,977        353,708
Money Market                          961,359        885,388        772,055
                                -------------  -------------  -------------
 Sub-total                          1,587,454      1,494,148      1,366,150
                                -------------  -------------  -------------
Certificates of deposit               891,975        925,018        977,551
                                -------------  -------------  -------------
Total Due to Depositors             2,479,429      2,419,166      2,343,701
                                -------------  -------------  -------------
Escrow and other deposits              82,753        111,066         71,812
Securities sold under agreements
 to repurchase                              -        155,000        195,000
Federal Home Loan Bank of New
 York advances                        842,500        767,500        939,775
Trust Preferred Notes Payable          70,680         70,680         70,680
Other liabilities                      38,463         43,408         39,178
                                -------------  -------------  -------------
TOTAL LIABILITIES                   3,513,825      3,566,820      3,660,146
                                -------------  -------------  -------------
STOCKHOLDERS' EQUITY:
Common stock ($0.01 par,
 125,000,000 shares authorized,
 52,021,149 shares, 51,905,791
 shares and 51,566,098 shares
 issued at December 31, 2012,
 September 30, 2012 and December
 31, 2011, respectively,and
 35,714,269 shares, 35,598,196
 shares and 35,109,045 shares
 outstanding at December 31,
 2012, September 30, 2012 and
 December 31, 2011,
 respectively)                            520            519            516
Additional paid-in capital            239,041        237,192        231,521
Retained earnings                     379,166        377,266        358,079
Unallocated common stock of
 Employee Stock Ownership Plan         (3,007)        (3,065)        (3,239)
Unearned common stock of
 Restricted Stock Awards               (3,122)        (3,594)        (3,037)
Common stock held by the Benefit
 Maintenance Plan                      (8,800)        (8,800)        (8,655)
Treasury stock (16,306,880
 shares, 16,307, 595 shares and
 16,457,053 shares at December
 31, 2012, September 30, 2012
 and December 31, 2011,
 respectively)                       (202,584)      (202,584)      (204,442)
Accumulated other comprehensive
 loss, net                             (9,640)        (9,396)        (9,709)
                                -------------  -------------  -------------
TOTAL STOCKHOLDERS' EQUITY            391,574        387,538        361,034
                                -------------  -------------  -------------
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY           $   3,905,399  $   3,954,358  $   4,021,180
                                =============  =============  =============

(1) While the loans within both of these categories are often considered
 "commercial real estate" in nature, they are classified separately in the
 statement above to provide further emphasis of the discrete composition of
 their underlying real estate collateral.



              DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
              UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
         (Dollars In thousands except share and per share amounts)

                                       For the Three Months Ended
                             ----------------------------------------------
                              December 31,    September 30,   December 31,
                                  2012            2012            2011
                             --------------  --------------  --------------
Interest income:
 Loans secured by real
  estate                     $       45,414  $       45,963  $       48,409
 Other loans                             28              28              23
 Mortgage-backed securities             569             677           1,069
 Investment securities                  220             223             382
 Federal funds sold and
  other short-term
  investments                           518             582             551
                             --------------  --------------  --------------
  Total interest income              46,749          47,473          50,434
                             --------------  --------------  --------------
Interest expense:
 Deposits and escrow                  5,330           5,302           6,050
 Borrowed funds                      32,868           8,773          10,257
                             --------------  --------------  --------------
  Total interest expense             38,198          14,075          16,307
                             --------------  --------------  --------------
   Net interest income                8,551          33,398          34,127
Provision for loan losses                63             126           1,541
                             --------------  --------------  --------------
Net interest income after
 provision for loan losses            8,488          33,272          32,586
                             --------------  --------------  --------------

Non-interest income:
 Service charges and other
  fees                                  605           1,244             827
 Mortgage banking income,
  net                                   293             259             136
 Other than temporary
  impairment ("OTTI")
 charge on securities (1)                 -               -             (32)
 Gain on sale of securities
  and other assets                   14,704               -               -
 Gain (loss) on trading
  securities                            (23)             67              71
 Other                                  919           1,004           1,134
                             --------------  --------------  --------------
  Total non-interest income          16,498           2,574           2,136
                             --------------  --------------  --------------
Non-interest expense:
 Compensation and benefits            9,012           9,220           9,196
 Occupancy and equipment              2,621           2,527           2,388
 Federal deposit insurance
  premiums                              500             502             455
 Other                                2,584           3,522           2,742
                             --------------  --------------  --------------
  Total non-interest expense         14,717          15,771          14,781
                             --------------  --------------  --------------

  Income before taxes                10,269          20,075          19,941
Income tax expense                    3,534           8,280           7,214
                             --------------  --------------  --------------

Net Income                   $        6,735  $       11,795  $       12,727
                             ==============  ==============  ==============

Earnings per Share:
 Basic                       $         0.19  $         0.34  $         0.38
                             ==============  ==============  ==============
 Diluted                     $         0.19  $         0.34  $         0.38
                             ==============  ==============  ==============

Average common shares
 outstanding for Diluted EPS     34,594,167      34,497,817      33,926,905

----------------------------
(1) Total OTTI charges on
 securities are summarized
 as follows for the periods
 presented:
Credit component (shown
 above)                      $            -  $            -  $           32
Non-credit component not
 included in earnings                     -               -               -
                             --------------  --------------  --------------
Total OTTI charges           $            -  $            -  $           32
                             --------------  --------------  --------------



                               For the Twelve Months Ended
                             ------------------------------
                               December 31,    December 31,
                                   2012            2011
                             --------------  --------------
Interest income:
 Loans secured by real
  estate                     $      189,149  $      200,034
 Other loans                            104              97
 Mortgage-backed securities           3,025           5,043
 Investment securities                1,263           1,401
 Federal funds sold and
  other short-term
  investments
                                      2,413           2,641
                             --------------  --------------
  Total interest income             195,954         209,216
                             --------------  --------------
Interest expense:
 Deposits and escrow                 21,779          26,131
 Borrowed funds                      64,333          43,583
                             --------------  --------------
  Total interest expense             86,112          69,714
                             --------------  --------------
   Net interest income              109,842         139,502
Provision for loan losses             3,921           6,846
                             --------------  --------------
Net interest income after
 provision for loan losses
                                    105,921         132,656
                             --------------  --------------

Non-interest income:
 Service charges and other
  fees                                3,445           3,662
 Mortgage banking income,
  net                                 1,768             569
 Other than temporary
  impairment ("OTTI")
 charge on securities (1)              (181)           (727)
 Gain on sale of securities
  and other assets                   14,748              28
 Gain (loss) on trading
  securities                            113             (26)
 Other                                3,956           4,423
                             --------------  --------------
  Total non-interest income          23,849           7,929
                             --------------  --------------
Non-interest expense:
 Compensation and benefits           37,647          36,600
 Occupancy and equipment             10,052          10,129
 Federal deposit insurance
  premiums                            2,057           2,618
 Other                               12,816          12,341
                             --------------  --------------
  Total non-interest expense         62,572          61,688
                             --------------  --------------

  Income before taxes                67,198          78,897
Income tax expense                   26,890          31,588
                             --------------  --------------

Net Income                   $       40,308  $       47,309
                             ==============  ==============

Earnings per Share:
 Basic                       $         1.18  $         1.40
                             ==============  ==============
 Diluted                     $         1.17  $         1.40
                             ==============  ==============

Average common shares
 outstanding for Diluted EPS     34,364,453      33,801,427

----------------------------
(1) Total OTTI charges on
 securities are summarized
 as follows for the periods
 presented:
Credit component (shown
 above)                      $          181  $          727
Non-credit component not
 included in earnings                     6              25
                             --------------  --------------
Total OTTI charges           $          187  $          752
                             --------------  --------------



              DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
                  UNAUDITED SELECTED FINANCIAL HIGHLIGHTS
              (Dollars In thousands except per share amounts)

                                         For the Three Months Ended
                                -------------------------------------------
                                 December 31,  September 30,   December 31,
                                     2012           2012           2011
                                -------------  -------------  -------------

Reconciliation of Reported and
 Adjusted Earnings (1):
Net Income                      $       6,735  $      11,795  $      12,727
Add: After-tax expense
 associated the prepayment of
 borrowings                            14,032              -              -
Add: After-tax charge for OTTI
 on securities                              -              -             18
Less: After tax gain on sale of
 real estate properties                (7,529)             -              -
Less: After tax gain on sale of
 equity mutual funds                     (487)             -              -
Less: Non-recurring recovery of
 income tax liability                       -              -         (1,088)
                                -------------  -------------  -------------
Adjusted net income             $      12,751  $      11,795  $      11,657
                                =============  =============  =============

Performance Ratios (Based upon
 Reported Earnings):
Reported EPS (Diluted)          $        0.19  $        0.34  $        0.38
Return on Average Assets                 0.69%          1.21%          1.26%
Return on Average Stockholders'
 Equity                                  7.06%         12.32%         14.19%
Return on Average Tangible
 Stockholders' Equity                    7.97%         14.05%         16.42%
Net Interest Spread                      0.29%          3.38%          3.31%
Net Interest Margin                      0.93%          3.59%          3.54%
Non-interest Expense to Average
 Assets                                  1.51%          1.62%          1.46%
Efficiency Ratio                       141.95%         43.92%         40.80%
Effective Tax Rate                      34.41%         41.25%         36.18%

Performance Ratios (Based upon
 Adjusted Earnings):
Reported EPS (Diluted)          $        0.37  $        0.34  $        0.34
Return on Average Assets                 1.31%          1.21%          1.15%
Return on Average Stockholders'
 Equity                                 13.37%         12.32%         13.00%
Return on Average Tangible
 Stockholders' Equity                   15.09%         14.05%         15.04%
Net Interest Spread                      3.09%          3.38%          3.31%
Net Interest Margin                      3.30%          3.59%          3.54%
Non-interest Expense to Average
 Assets                                  1.51%          1.62%          1.46%
Efficiency Ratio                        40.94%         43.92%         40.80%
Effective Tax Rate                      39.96%         41.25%         41.63%

Book Value and Tangible Book
 Value Per Share:
Stated Book Value Per Share     $       10.96  $       10.89  $       10.28
Tangible Book Value Per Share            9.67           9.58           8.97

Average Balance Data:
Average Assets                  $   3,890,420  $   3,900,029  $   4,054,595
Average Interest Earning Assets     3,686,130      3,716,268      3,860,798
Average Stockholders' Equity          381,368        383,031        358,717
Average Tangible Stockholders'
 Equity                               337,961        335,709        309,969
Average Loans                       3,443,136      3,332,417      3,449,209
Average Deposits                    2,459,385      2,395,680      2,354,877

Asset Quality Summary:
Net charge-offs (recoveries)    $         207  $        (325) $       2,863
Non-performing Loans (2)                8,888         10,690         25,952
Non-performing Loans/ Total
 Loans                                   0.25%          0.32%          0.75%
Nonperforming Assets (3)        $      10,340  $      11,580         29,985
Nonperforming Assets/Total
 Assets                                  0.26%          0.29%          0.75%
Allowance for Loan Loss/Total
 Loans                                   0.59%          0.62%          0.58%
Allowance for Loan Loss/Non-
 performing Loans                      217.51%        193.59%         78.04%
Loans Delinquent 30 to 89 Days
 at period end                  $       7,171  $       4,322  $       9,281

Consolidated Tangible
 Stockholders' Equity to
 Tangible Assets at period end           8.97%          8.76%          7.95%

Regulatory Capital Ratios (Bank
 Only):
Leverage Capital Ratio                   9.98%          9.83%          9.11%
Tier One Risk Based Capital
 Ratio                                  12.95%         13.56%         11.56%
                                        13.67%         14.33%         12.24%
Total Risk Based Capital Ratio


(1) Adjusted earnings is a "non-GAAP" measure. A reconciliation from the
 comparable GAAP measure is provided herein.

(2) Amount excludes $560,000 of loans held for sale that
 were on non-accrual status at December 31, 2012.

(3) Amount comprised of total non-accrual loans, and the recorded balance
 of pooled bank trust preferred security investments for which the Bank had
 not received any contractual payments of interest or principal in over 90
 days.



                                 For the Twelve Months Ended
                                ----------------------------
                                 December 31,   December 31,
                                     2012           2011
                                -------------  -------------

Reconciliation of Reported and
 Adjusted Earnings (1):
Net Income                      $      40,308  $      47,309
Add: After-tax expense
 associated the prepayment of
 borrowings                            14,032             61
Add: After-tax charge for OTTI
 on securities                             99            399
Less: After tax gain on sale of
 real estate properties                (7,529)             -
Less: After tax gain on sale of
 equity mutual funds                     (511)            (7)
Less: Non-recurring recovery of
 income tax liability                       -         (1,088)
                                -------------  -------------
Adjusted net income             $      46,399  $      46,674
                                =============  =============

Performance Ratios (Based upon
 Reported Earnings):
Reported EPS (Diluted)          $        1.17  $        1.40
Return on Average Assets                 1.02%          1.16%
Return on Average Stockholders'
 Equity                                 10.73%         13.65%
Return on Average Tangible
 Stockholders' Equity                   12.24%         15.93%
Net Interest Spread                      2.58%          3.38%
Net Interest Margin                      2.92%          3.60%
Non-interest Expense to Average
 Assets                                  1.59%          1.51%
Efficiency Ratio                        52.58%         41.64%
Effective Tax Rate                      40.02%         40.04%

Performance Ratios (Based upon
 Adjusted Earnings):
Reported EPS (Diluted)          $        1.35  $        1.38
Return on Average Assets                 1.18%          1.14%
Return on Average Stockholders'
 Equity                                 12.36%         13.47%
Return on Average Tangible
 Stockholders' Equity                   14.09%         15.71%
Net Interest Spread                      3.06%          3.38%
Net Interest Margin                      3.28%          3.60%
Non-interest Expense to Average
 Assets                                  1.59%          1.51%
Efficiency Ratio                        42.34%         41.64%
Effective Tax Rate                      40.74%         40.54%

Book Value and Tangible Book
 Value Per Share:
Stated Book Value Per Share     $       10.96  $       10.28
Tangible Book Value Per Share            9.67           8.97

Average Balance Data:
Average Assets                  $   3,947,043  $   4,093,408
Average Interest Earning Assets     3,762,007      3,875,803
Average Stockholders' Equity          375,511        346,521
Average Tangible Stockholders'
 Equity                               329,282        297,041
Average Loans                       3,402,838      3,447,035
Average Deposits                    2,397,586      2,388,172

Asset Quality Summary:
Net charge-offs (recoveries)    $       3,707  $       5,925
Non-performing Loans (2)                9,448         25,952
Non-performing Loans/ Total
 Loans                                   0.25%          0.75%
Nonperforming Assets (3)        $      10,340         29,985
Nonperforming Assets/Total
 Assets                                  0.26%          0.75%
Allowance for Loan Loss/Total
 Loans                                   0.59%          0.58%
Allowance for Loan Loss/Non-
 performing Loans                      217.51%         78.04%
Loans Delinquent 30 to 89 Days
 at period end                  $       7,171  $       9,281

Consolidated Tangible
 Stockholders' Equity to
 Tangible Assets at period end           8.97%          7.95%

Regulatory Capital Ratios (Bank
 Only):
Leverage Capital Ratio                   9.98%          9.11%
Tier One Risk Based Capital
 Ratio                                  12.95%         11.56%
Total Risk Based Capital Ratio          13.67%         12.24%

(1) Adjusted earnings is a "non-GAAP" measure. A reconciliation from the
 comparable GAAP measure is provided herein.

(2) Amount excludes $560,000 of loans held for sale that
 were on non-accrual status at December 31, 2012.

(3) Amount comprised of total non-accrual loans, and the recorded balance
 of pooled bank trust preferred security investments for which the Bank had
 not received any contractual payments of interest or principal in over 90
 days.



              DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
             UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME
                           (Dollars In thousands)

                                          For the Three Months Ended
                                  -----------------------------------------
                                              December 31, 2012
                                  -----------------------------------------
                                                                  Average
                                     Average                      Yield/
                                     Balance       Interest        Cost
                                  ------------- -------------  ------------
Assets:
  Interest-earning assets:
    Real estate loans             $   3,440,784 $      45,414          5.28%
    Other loans                           2,352            28          4.76
    Mortgage-backed securities           60,129           569          3.79
    Investment securities                48,089           220          1.83
    Other short-term investments        134,776           518          1.54
                                  ------------- -------------  ------------
      Total interest earning
       assets                         3,686,130 $      46,749          5.07%
                                  ------------- -------------
  Non-interest earning assets           204,290
                                  -------------
Total assets                      $   3,890,420
                                  =============

Liabilities and Stockholders'
 Equity:
  Interest-bearing liabilities:
    Interest Bearing Checking
     accounts                     $      94,870 $          96          0.40%
    Money Market accounts               929,856         1,296          0.55
    Savings accounts                    369,796           138          0.15
    Certificates of deposit             910,335         3,800          1.66
                                  ------------- -------------  ------------
      Total interest bearing
       deposits                       2,304,857         5,330          0.92
  Borrowed Funds                        876,604        32,868         14.92
                                  ------------- -------------  ------------
    Total interest-bearing
     liabilities                      3,181,461 $      38,198          4.78%
                                  ------------- -------------
  Non-interest bearing checking
   accounts                             154,528
  Other non-interest-bearing
   liabilities                          173,063
                                  -------------
    Total liabilities                 3,509,052
  Stockholders' equity                  381,368
                                  -------------
Total liabilities and
 stockholders' equity             $   3,890,420
                                  =============
Net interest income                             $       8,551
                                                =============
Net interest spread                                                    0.29%
                                                               ============
Net interest-earning assets       $     504,669
                                  =============
Net interest margin                                                    0.93%
                                                               ============
Ratio of interest-earning assets
 to interest-bearing liabilities                       115.86%
                                                =============

Deposits (including non-interest
 bearing checking accounts)       $   2,459,385 $       5,330          0.86%

SUPPLEMENTAL INFORMATION
Loan prepayment and late payment
 fee income                                     $       3,708
                                  ------------- -------------  ------------
Borrowing prepayment costs                      $      25,582
                                  ------------- -------------  ------------
Real estate loans (excluding
 prepayment and late payment fees)                                     4.85%
                                  ------------- -------------  ------------
Interest earning assets (excluding
 prepayment and late payment fees)                                     4.67%
                                  ------------- -------------  ------------
Borrowings (excluding prepayment
 costs)                           $     876,604 $       7,286          3.31%
                                  ------------- -------------  ------------
Interest bearing liabilities
 (excluding borrowing prepayment
 costs)                                                                1.58%
                                  ------------- -------------  ------------
Net Interest income (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                         $      30,425
                                  ------------- -------------  ------------
Net Interest margin (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                                                3.30%
                                  ------------- -------------  ------------


                                          For the Three Months Ended
                                  -----------------------------------------
                                              September 30, 2012
                                  -----------------------------------------
                                                                  Average
                                     Average                      Yield/
                                     Balance       Interest        Cost
                                  ------------- -------------  ------------
Assets:
  Interest-earning assets:
    Real estate loans             $   3,329,996 $      45,963          5.52%
    Other loans                           2,421            28          4.63
    Mortgage-backed securities           86,037           677          3.15
    Investment securities                97,926           223          0.91
    Other short-term investments        199,888           582          1.16
                                  ------------- -------------  ------------
      Total interest earning
       assets                         3,716,268 $      47,473          5.11%
                                  ------------- -------------
  Non-interest earning assets           183,761
                                  -------------
Total assets                      $   3,900,029
                                  =============

Liabilities and Stockholders'
 Equity:
   Interest-bearing liabilities:
    Interest Bearing Checking
     accounts                     $      93,132 $          48          0.21%
    Money Market accounts               850,288         1,155          0.54
    Savings accounts                    365,976           141          0.15
    Certificates of deposit             935,278         3,958          1.68
                                  ------------- -------------  ------------
      Total interest bearing
       deposits                       2,244,674         5,302          0.94
  Borrowed Funds                        993,289         8,773          3.51
                                  ------------- -------------  ------------
    Total interest-bearing
     liabilities                      3,237,963 $      14,075          1.73%
                                  ------------- -------------
  Non-interest bearing checking
   accounts                             151,006
  Other non-interest-bearing
   liabilities                          128,028
                                  -------------
    Total liabilities                 3,516,997
  Stockholders' equity                  383,032
                                  -------------
Total liabilities and
 stockholders' equity             $   3,900,029
                                  =============
Net interest income                             $      33,398
                                                =============
Net interest spread                                                    3.38%
                                                               ============
Net interest-earning assets       $     478,305
                                  =============
Net interest margin                                                    3.59%
                                                               ============
Ratio of interest-earning assets
 to interest-bearing liabilities                       114.77%
                                                =============

Deposits (including non-interest
 bearing checking accounts)          $2,395,680        $5,302          0.88%

                                  ------------- -------------  ------------
SUPPLEMENTAL INFORMATION
Loan prepayment and late payment
 fee income                                     $       3,332
                                  ------------- -------------  ------------
Borrowing prepayment costs                                  -
                                  ------------- -------------  ------------
Real estate loans (excluding
 prepayment and late payment fees)                                     5.12%
                                  ------------- -------------  ------------
Interest earning assets (excluding
 prepayment and late payment fees)                                     4.75%
                                  ------------- -------------  ------------
Borrowings (excluding prepayment
 costs)                           $     993,289 $       8,773          3.51%
                                  ------------- -------------  ------------
Interest bearing liabilities
 (excluding borrowing prepayment
 costs)                                                                1.73%
                                  ------------- -------------  ------------
Net Interest income (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                         $      30,066
                                  ------------- -------------  ------------
Net Interest margin (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                                                3.24%
                                  ------------- -------------  ------------


                                          For the Three Months Ended
                                  -----------------------------------------
                                              December 31, 2011
                                  -----------------------------------------
                                                                  Average
                                      Average                     Yield/
                                      Balance      Interest        Cost
                                  ------------- -------------  ------------
Assets:
  Interest-earning assets:
    Real estate loans             $   3,448,215 $      48,409          5.62%
    Other loans                             994            23          9.26
    Mortgage-backed securities           95,227         1,069          4.49
    Investment securities               160,171           382          0.95
    Other short-term investments        156,191           551          1.41
                                  ------------- -------------  ------------
      Total interest earning
       assets                         3,860,798 $      50,434          5.23%
                                  ------------- -------------
  Non-interest earning assets           193,797
                                  -------------
Total assets                      $   4,054,595
                                  =============

Liabilities and Stockholders'
 Equity:
  Interest-bearing liabilities:
    Interest Bearing Checking
     accounts                     $      91,704 $          55          0.24%
    Money Market accounts               771,531         1,229          0.63
    Savings accounts                    350,155           181          0.21
    Certificates of deposit             995,611         4,585          1.83
                                  ------------- -------------  ------------
      Total interest bearing
       deposits                       2,209,001         6,050          1.09
  Borrowed Funds                      1,174,368        10,257          3.47
                                  ------------- -------------  ------------
    Total interest-bearing
     liabilities                      3,383,369 $      16,307          1.92%
                                  ------------- -------------  ------------
  Non-interest bearing checking
   accounts                             145,876
  Other non-interest-bearing
   liabilities                          166,633
                                  -------------
    Total liabilities                 3,695,878
  Stockholders' equity                  358,717
                                  -------------
Total liabilities and
 stockholders' equity             $   4,054,595
                                  =============
Net interest income                             $      34,127
                                                =============
Net interest spread                                                    3.31%
                                                               ============
Net interest-earning assets       $     477,429
                                  =============
Net interest margin                                                    3.54%
                                                               ============
Ratio of interest-earning assets
 to interest-bearing liabilities                       114.11%
                                                =============

Deposits (including non-interest
 bearing checking accounts)       $   2,354,877 $       6,050          1.02%

                                  ------------- -------------  ------------
SUPPLEMENTAL INFORMATION
Loan prepayment and late payment
 fee income                                     $       1,940
                                  ------------- -------------  ------------
Borrowing prepayment costs                                  -
                                  ------------- -------------  ------------
Real estate loans (excluding
 prepayment and late payment fees)                                     5.39%
                                  ------------- -------------  ------------
Interest earning assets (excluding
 prepayment and late payment fees)                                     5.02%
                                  ------------- -------------  ------------
Borrowings (excluding prepayment
 costs)                           $   1,174,368 $      10,257          3.47%
                                  ------------- -------------  ------------
Interest bearing liabilities
 (excluding borrowing prepayment
 costs)                                                                1.92%
                                  ------------- -------------  ------------
Net Interest income (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                         $      32,187
                                  ------------- -------------  ------------
Net Interest margin (excluding
 loan prepayment and late payment
 fees and borrowing prepayment
 costs)                                                                3.33%
                                  ------------- -------------  ------------



              DIME COMMUNITY BANCSHARES, INC. AND SUBSIDIARIES
       UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS AND TROUBLED DEBT
                               RESTRUCTURINGS
                           (Dollars In thousands)


                                 At December    At September   At December
                                   31, 2012       30, 2012       31, 2011
                                -------------  -------------  -------------
Non-Performing Loans
 One- to four-family and
  cooperative apartment         $         938  $       1,150  $         793
 Multifamily residential and
  mixed use residential (1)               507          1,008          9,295
 Mixed Use Commercial (1)               1,170            721          4,777
 Commercial real estate                 6,265          7,805         11,083
 Construction                               -              -              -
 Other                                      8              6              4
                                -------------  -------------  -------------
Total Non-Performing Loans (2)  $       8,888  $      10,690  $      25,952
                                -------------  -------------  -------------
Other Non-Performing Assets
 Other real estate owned                    -              -              -
 Non-performing mixed use
  commercial loans held for
  sale                                    560              -
 Non-performing multifamily
  residential loans held for
  sale                                      -              -            393
 Non-performing construction
  loans held for sale                       -              -          2,628
 Pooled bank trust preferred
  securities                              892            890          1,012
                                -------------  -------------  -------------
Total Non-Performing Assets     $      10,340  $      11,580  $      29,985
                                -------------  -------------  -------------

Troubled Debt Restructurings
 ("TDRs") not included in non-
 performing loans
 One- to four-family and
  cooperative apartment                   948            290            625
 Multifamily residential and
  mixed use residential (1)             1,953          2,298          1,802
 Mixed use commercial (1)                 729            736          1,148
 Commercial real estate                41,228         39,782         37,113
 Construction                               -              -              -
 Other                                      -              -              -
                                -------------  -------------  -------------
Total Performing TDRs           $      44,858  $      43,106  $      40,688
                                -------------  -------------  -------------

(1) While the loans within these categories are often considered
 "commercial real estate" in nature, they are classified separately in the
 statement above to provide further emphasis of the discrete composition of
 their underlying real estate collateral.

(2) Total non-performing loans include some loans that have been modified
 in a manner that would meet the criteria for a TDR. These non-accruing
 TDR's, which totaled $6.3 million at December 31, 2012, $8.1 million at
 September 30, 2012 and $8.1 million at December 31, 2011, are included in
 the non-performing loan table, but excluded from the TDR amount shown
 above.

PROBLEM ASSETS AS A PERCENTAGE OF TANGIBLE CAPITAL AND RESERVES

                                  At December   At September    At December
                                   31, 2012       30, 2012       31, 2011
                                -------------  -------------  -------------
Total Non-Performing Assets     $      10,340  $      11,580  $      29,985
Loans 90 days or more past due
 on accrual status (3)                    190              -          3,820
                                -------------  -------------  -------------
 PROBLEM ASSETS                 $      10,530  $      11,580  $      33,805
                                -------------  -------------  -------------

Tier One Capital - The Dime
 Savings Bank of Williamsburgh  $     383,042  $     381,700  $     359,838
Allowance for loan losses              20,550         20,694         20,254
                                -------------  -------------  -------------
 TANGIBLE CAPITAL PLUS RESERVES $     403,592  $     402,394  $     380,092
                                -------------  -------------  -------------

PROBLEM ASSETS AS A PERCENTAGE
 OF TANGIBLE CAPITAL AND
 RESERVES                                 2.6%           2.9%           8.9%

(3) These loans were, as of the respective dates indicated, expected to be
 either satisfied, made current or re-financed within the next twelve
 months, and are not expected to result in any loss of contractual
 principal or interest. These loans are not included in non-performing
 loans.



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

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We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) irreversibly encoded. In his session at Internet of @ThingsExpo, Peter Dunkley, Technical Director at Acision, will look at how this identity problem can be solved and discuss ways to use existing web identities for real-time communication.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn real-world benefits of WebRTC and explore future possibilities, as WebRTC and IoT intersect to improve customer service.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, an Open Source Cloud Communications company that helps the shift from legacy IN/SS7 telco networks to IP-based cloud comms. An early investor in multiple start-ups, he still finds time to code for his companies and contribute to open source projects.
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...