The Dime Bank Announces First Quarter 2026 Earnings

Dimeco, Inc. (OTCQX: DIMC), the holding company for The Dime Bank, reported unaudited results for the first quarter of 2026.

For the three months ending March 31, 2026, Dimeco recorded net income of $4.8 million, up 48.7% or $1.6 million from the same period last year. Net income at this level resulted in a return on average assets of 1.68% and a return on average equity of 14.96%, an increase of 42.4% and 25.9%, respectively, over the first quarter of 2025.

On March 31, 2026, total assets were $1.1 billion, an increase of $40.2 million over March 31, 2025. During this same period, total loans increased by $61.6 million to $845.6 million, a growth rate of 7.9%. Deposits were $981.3 million on March 31, 2026, $47.3 million or 5.1% greater than the previous year.  

Maintaining a strong capital position, stockholders’ equity was $127.8 million on March 31, 2026, growth of $16.9 million over balances a year earlier. Dividends reflected a 7.1% increase, amounting to $.45 per share for the period ended March 31, 2026.

President and Chief Executive Officer Peter Bochnovich stated, “I am pleased to present the results of Dimeco, Inc. for the first quarter of 2026. The year began on a strong note, with continued growth in both loans and deposits strengthening our overall financial performance. As the year progresses, I remain optimistic about the opportunities ahead, as management continues to pursue disciplined strategies to strengthen the balance sheet and enhance the Company’s solid performance. As always, we thank our shareholders and customers for their continued support and commitment.”