Benchmark Bankshares Reports Record Earnings

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Benchmark Bankshares Inc., the parent company of Benchmark Community Bank, announced unaudited financial results for the fourth quarter and full year 2025. The company reported record net income of $19.8 million for the year, a 25.2% increase over 2024, driven by balance sheet growth, net interest margin expansion, and improved efficiency.

Why it matters

Benchmark's strong financial performance reflects the continued growth and stability of the regional community bank, which has expanded its footprint across central Southside Virginia and northern North Carolina over the past decades. The results demonstrate the bank's ability to navigate economic conditions and provide value to its shareholders.

The details

Key highlights from Benchmark's 2025 results include a 13.5% increase in total loans to $1.1 billion, an 11.2% rise in total deposits to $1.2 billion, and a 16.8% jump in net interest income to $56.6 million. The bank also saw improvements in its efficiency ratio and credit quality, with non-performing assets declining to 0.16% of total assets.

• Benchmark reported unaudited results for the fourth quarter and year ended December 31, 2025.
• Total loans held for investment were $1.1 billion as of December 31, 2025, an increase of 13.5% from the prior year.
• Total deposits were $1.2 billion as of December 31, 2025, an increase of 11.2% from the prior year.