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View the 2019 Financial Statements.

The next shareholders' meeting will be Thursday, June 18, 2020.

Financial Highlights

(Dollars in thousands, except per share amounts)

FOR THE YEAR:	2019	2018	2017	2016	2015
Net Income	$9,453	$9,136	$6,131	$6,522	$6,328
Total Operating Income	39,627	35,419	32,071	30,096	29,106
Total Operating Expense	27,233	23,325	21,421	20,558	19,575
Provision for Loan Losses	754	932	502	130	448
Taxes¹	2,187	2,026	4,018	2,886	2,754
Return on Average Assets	1.36%	1.49%	1.08%	1.21%	1.25%
Return on Average Equity	13.35%	13.01%	9.12%	10.35%	10.75%
Average Shares Outstanding	4,766,786	5,100,034	5,160,965	5,165,824	5,164,462

AT YEAR END:	2019	2018	2017	2016	2015
Total Assets	$711,895	$643,887	$595,226	$568,492	$538,733
Total Deposits	632,887	568,826	523,884	500,700	474,467
Total Loans	573,798	533,750	486,728	448,357	424,240
Shareholders' Equity	68,711	71,294	67,843	65,866	60,396
Equity to Assets Ratio	9.65%	11.07%	11.40%	11.23%	11.21%

PER SHARE*:	2019	2018	2017	2016	2015
Book Value	$15.22	$14.17	$13.15	$12.36	$11.69
Net Income (basic)	$1.98	$1.79	$1.19	$1.26	$1.23
Net income (diluted)	$1.98	$1.79	$1.19	$1.26	$1.23
Cash Dividends Declared	$0.60	$0.52	$0.44	$0.41	$0.37

¹Income taxes for 2017 include a one-time, non-cash charge of $815,974, or $0.16 per share, that was recorded as an increase in income tax expense. This charge resulted from the re-measurement of the bank's deferred tax assets, as required by the Tax Cuts and Jobs Act (Tax Reform).

Stock Information

The company's stock currently trades under the symbol BMBN on the OTC Pink Marketplace. Any stockbroker can assist you with buying additional shares. The bank, as part of a previously approved stock repurchase plan, is authorized to repurchase shares of its common stock. Should you wish to facilitate the sale of any of your shares directly to the bank, please contact Neil Burke, Chief Financial Officer, by calling (434) 676-9054, extension 1111.

Stock Quote

How to Purchase Shares of Benchmark Stock

To purchase shares of Benchmark Bankshares, the holding company for Benchmark Community Bank, you must contact a stock brokerage firm. The bank does not have any stock for sale directly.

Financial Release Summaries

July 27, 2020: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for the three- and six-month ;periods ending June 30, 2020. Net income for the second quarter amounted to $2,533,893, a 5.3% increase from the $2,406,449 posted for the second quarter of 2019, while earnings per share increased from $0.48 to $0.57 for the period. Net income for the first six months of the year amounted to $4,644,879, up 3.1% from the $4,506,033 earned last year, while earnings per share increased from $0.91 to $1.03. (read full release)

April 23, 2020: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for the first quarter of 2020. Net income of $2,110,986 was up from the $2,100,083 earned during the first quarter of 2019, while earnings per share increased from $0.42 to $0.47 for the period. (read full release)

January 29, 2020: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for 2019. Net income for the year amounted to $9,452,659, a 3.46% increase over net income of $9,136,406 earned in 2018. Earnings per share for the year amounted to $1.98 per share, up from $1.79 per share last year, while return on equity increased from 13.01% to 13.35% and return on average assets declined from 1.49% to 1.36%. Total assets ended the year at $711.9 million, an increase of $68.0 million, or 10.6%, for the year. This compares to $48.7 million, or 8.2%, in asset growth during 2018. (read full release)

December 30, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.31 per share to holders of common stock of the company. The current dividend is a 6.9% increase from the dividend of $0.29 per share declared in June this year. The total dividend payout for 2019 is $0.60 per share, an increase of 15.4% over the $0.52 per share declared last year. (read full release)

October 23, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $2,389,467 for the third quarter of 2019, representing a 6.5% increase over the $2,243,140 earned during the third quarter of 2018. Earnings per share increased from $0.42 to $0.48, an increase of 14.3% for the quarter. Net income through the first nine months of the year amounted to $6,895,999, a 6.0% increase from the $6,505,576 earned through the first nine months of 2018, while earnings per share increased by 12.1%, climbing from $1.27 to $1.42. (read full release)

June 25, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.29 per share to holders of common stock of the company. The current dividend is a 7.4% increase from the dividend of $0.27 per share declared in December 2018. (read full release)

April 23, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for the first quarter of 2019. Net income of $2,100,083 was down 1.29% from the $2,127,433 earned during the first quarter of 2018, although earnings per share increased from $0.41 to $0.42. Return on average assets declined from 1.45% to 1.28% and return on average equity declined from 12.52% to 11.76% when comparing the first quarter of 2019 the same period one year ago. (read full release)

February 1, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for 2018. Net income for the year amounted to $9,136,406, a 49.03% increase over net income of $6,130,621 earned in 2017. Earnings per share for the year amounted to $1.79 per share, up from $1.19 per share last year, while return on equity increased from 9.16% to 13.01% and return on average assets increased from 1.08% to 1.49%. (read full release)

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