The Dime Bank Announces First Quarter Earnings for 2025

Dimeco, Inc. (OTCQX: DIMC), the holding company for The Dime Bank, reported unaudited results for the first quarter of 2025.

On March 31, 2025, total assets were $1.1 billion, an increase of $102.3 million over March 31, 2024. During this same period, total loans increased by $39.7 million to $784 million, a growth rate of 5.3%. Deposits were $934 million on March 31, 2025, $88.7 million or 10.5% greater than the previous year. 

For the three months ending March 31, 2025, Dimeco recorded net income of $3.2 million, up 37.1% or $876 thousand from the same period last year. Net income at this level resulted in a return on average assets of 1.18% and a return on average equity of 11.88%.

Maintaining a strong capital position, stockholders’ equity was $110.9 million on March 31, 2025, representing growth of 12.0% over balances a year earlier. Dividends reflected a solid 5% increase, amounting to $.42 per share for the period ended March 31, 2025, producing a dividend yield of 4.67%. President and Chief Executive Officer Peter Bochnovich stated, “I am happy to present the results of Dimeco, Inc. for the first quarter of 2025. Dimeco continues to grow prudently and remains vigilant about cost containment and looking for opportunities to generate additional revenue. We look forward to the remainder of the year and know that while there are many uncertainties, especially with the economy, there will also be opportunities. As always, we thank our shareholders and customers for their continued support and commitment.”