Dimeco, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 25, 2020
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Dimeco, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 7.578 million compared to USD 6.847 million a year ago. Net income was USD 2.638 million compared to USD 2.225 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 0.88 a year ago. For the nine months, net interest income was USD 21.228 million compared to USD 20.157 million a year ago. Net income was USD 6.349 million compared to USD 6.632 million a year ago. Basic earnings per share from continuing operations was USD 2.54 compared to USD 2.66 a year ago. Diluted earnings per share from continuing operations was USD 2.52 compared to USD 2.63 a year ago.
Dimeco, Inc. is a bank holding company of The Dime Bank (the Bank). The Bank is a state-chartered bank and operates from approximately seven locations in northeastern Pennsylvania. It offers banking and bank-related services, including residential real estate, commercial mortgage, commercial and consumer financing, as well as interest earnings on investment securities. The Company, through its subsidiary, provides deposit services including checking, savings and certificate of deposit accounts and investment services. It offers a range of loans, such as consumer loans, home equity loans, mortgage loans, construction loans, and student loans. It provides business line of credit, business term loan, business vehicle loan, business equipment loan, capital improvement loan, and commercial real estate loan. Its online and mobile banking features include bill pay, voice bill pay, mobile wallet, external transfers, mobile deposit, e-statements and debit cards. It also offers merchant service.
DIMECO, INC. 
