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BMBN (Benchmark Bankshares) Retained Earnings : $101.61 Mil (As of Jun. 2024)


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What is Benchmark Bankshares Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Benchmark Bankshares's retained earnings for the quarter that ended in Jun. 2024 was $101.61 Mil.

Benchmark Bankshares's quarterly retained earnings increased from Sep. 2023 ($95.77 Mil) to Mar. 2024 ($100.26 Mil) and increased from Mar. 2024 ($100.26 Mil) to Jun. 2024 ($101.61 Mil).

Benchmark Bankshares's annual retained earnings increased from Dec. 2020 ($68.96 Mil) to Dec. 2021 ($76.81 Mil) and increased from Dec. 2021 ($76.81 Mil) to Dec. 2022 ($86.61 Mil).


Benchmark Bankshares Retained Earnings Historical Data

The historical data trend for Benchmark Bankshares'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.

* Premium members only.

Benchmark Bankshares Retained Earnings Chart

Benchmark Bankshares Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.94 62.97 68.96 76.81 86.61

Benchmark Bankshares Quarterly Data
Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.73 92.78 95.77 100.26 101.61

Benchmark Bankshares 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.


Benchmark Bankshares  (OTCPK:BMBN) 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.


Benchmark Bankshares Business Description

Traded in Other Exchanges
N/A
Address
100 South Broad Street, P.O. Box 569, Kenbridge, VA, USA, 23944
Benchmark Bankshares Inc is a bank holding company for Benchmark Community Bank, which offers a wide range of banking and related financial services to individuals and small to medium-sized businesses through offices located in Virginia and North Carolina. The bank provides personal accounts services, business accounts services, loan products, internet banking services, mobile banking services, debit cards, money management services, mortgage services, credit card facilities, and other services.

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