Dimeco (Dimeco) Retained Earnings : $0.00 Mil (As of Mar. 2024)

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What is Dimeco Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dimeco's retained earnings for the quarter that ended in Mar. 2024 was $0.00 Mil.

Dimeco's quarterly retained earnings increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($105.76 Mil) but then declined from Dec. 2023 ($105.76 Mil) to Mar. 2024 ($0.00 Mil).

Dimeco's annual retained earnings increased from Dec. 2021 ($90.18 Mil) to Dec. 2022 ($98.80 Mil) and increased from Dec. 2022 ($98.80 Mil) to Dec. 2023 ($105.76 Mil).

Dimeco Retained Earnings Historical Data

The historical data trend for Dimeco's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dimeco Retained Earnings Chart

Dimeco Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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83.00

90.18

98.80

105.76

Dimeco Quarterly Data
	Sep12	Dec12	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															98.80	-	-	105.76	-

Dimeco Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Dimeco (OTCPK:DIMC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Dimeco (Dimeco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dimeco Inc (OTCPK:DIMC) » Definitions » Retained Earnings

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Address

820 Church Street, P.O Box 509, Honesdale, PA, USA, 18431

Website

https://www.thedimebank.com

Dimeco Inc is a United States-based holding company. It provides a range of lending, depository, and financial services to individuals and small to medium-sized businesses. The bank offers an array of financial services and solutions ranging from traditional products to electronic banking, and wealth management services. It also offers personal banking services, business banking services, loans, and credit facilities and others.

Executives

Henry M Skier	director
Todd J Stephens	director	820 CHURCH STREET, HONESDALE PA 18431
Gary C Beilman	officer: Chief Executive Officer
Robert E Genirs	director
Pete Bochnovich	officer: Vice President
Barbara J Genzlinger	director
John F Spall	director
William E Schwarz	director
Thomas A Peifer	director
Maureen H Beilman	officer: Chief Financial Officer
John S Kiesendahl	director
Joseph J Murray	officer: President

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