Benchmark Bankshares, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 15, 2019
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Benchmark Bankshares, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 7.187 million compared to USD 6.761 million a year ago. Net income was USD 2.389 million compared to USD 2.243 million a year ago. Basic earnings per share was USD 0.48 compared to USD 0.42 a year ago. For the nine months, net income was USD 6.895 million compared to USD 6.505 million a year ago. Basic earnings per share was USD 1.42 compared to USD 1.27 a year ago.
Benchmark Bankshares, Inc. is a holding company for Benchmark Community Bank (the Bank). The Bank is a full-service financial institution, which is focused on serving Southside Virginia and Northern North Carolina. Its deposit products include traditional savings accounts, holiday savings clubs, certificates of deposit, and individual retirement accounts. It also offers free financial consultations and investment and insurance services. Its commercial services include electronic funds transfer, direct deposit payroll service, positive pay and merchant services, and credit card processing. Its borrowing solutions include personal loans, mortgages, other real estate loans, business loans, auto loans, student loans, and credit cards. The Bank provides various wealth management solutions, such as financial solutions, financial planning, retirement planning, and portfolio management. It offers safe deposit boxes and wire transfers. The Bank also provides mobile banking and Internet banking.
BENCHMARK BANKSHARES, INC. 