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F&M Bank Corp. reports developments for a Virginia financial holding company and the parent of Farmers & Merchants Bank. Company news centers on quarterly and annual earnings, dividends, asset and deposit growth, loan production, net interest margin, cost of funds, capital ratios, and asset quality.
Recurring updates also cover the bank's lending activity across agricultural, commercial, mortgage, and commercial real estate categories, as well as noninterest income from wealth management, title insurance, mortgage banking, and deposit services. Corporate actions include common stock repurchase authorization, subordinated debt activity, and completed investment sales that affect reported income and book value.
F&M Bank Corp (OTCQX:FMBM) reported second quarter 2026 net income of $5.37 million, or $1.50 per diluted share, up from $0.91 in first quarter 2026 and $0.83 in second quarter 2025. Six‑month 2026 net income was $8.59 million, or $2.41 per diluted share, versus $5.42 million, or $1.53, a year earlier.
According to F&M Bank Corp, results included two non‑recurring items: a $4.8 million pre‑tax gain on the April 2026 sale of Bearing Insurance and a $3.5 million pre‑tax loss from restructuring $29.8 million of available‑for‑sale securities into higher‑yielding bonds, for a net pre‑tax gain of $1.3 million. Net interest margin rose to 3.79%, ROA to 1.54%, and ROE to 19.54%. Loans grew to $925.3 million (up 4.4% from year‑end 2025), deposits to $1.26 billion (up 0.98%), and nonperforming assets fell 18.64% linked‑quarter. Book value per share increased to $31.56. The board declared a $0.26 quarterly dividend, implying a 2.63% annualized yield based on a $39.54 share price, payable August 28, 2026 to shareholders of record August 14, 2026.
F&M Bank Corp. (OTCQX:FMBM) reported that it used a one-time, after-tax gain of $3.8 million from the April 30, 2026 sale of its investment in Richmond-based Bearing Insurance to restructure its available-for-sale securities portfolio in June 2026.
The company sold $29.8 million in book value of AFS securities yielding 1.66% (about 8.2% of its securities portfolio) and purchased approximately $29.4 million of AFS securities yielding about 4.92%. This restructuring generated a pre-tax loss of about $3.5 million, or $2.7 million after tax, which F&M expects to recover over roughly three-and-a-half years.
According to F&M, the changes are expected to increase annualized earnings per share by about $0.21 and net interest margin by around 6 basis points, with no expected impact on total consolidated equity or tangible book value per share. Combined, the Bearing sale and restructuring produce a net pre-tax gain of $1.3 million, both items to be recognized in second-quarter 2026 results.
F&M Bank Corp (OTCQX:FMBM) recorded a one-time, pre-tax gain of $4.8 million and an after-tax net income boost of $3.8 million from the sale of its investment in Richmond-based Bearing Insurance on April 30, 2026.
The company received proceeds of $5.1 million for four units, which were previously carried at a collective value of $223,922, and estimates an increase in book value and tangible book value per share of $1.07 based on 3,583,785 shares outstanding.
F&M Bank Corp (OTCQX:FMBM) reported first quarter 2026 net income of $3.23M ($0.91/share), up 31.3% year‑over‑year and 11.9% linked quarter. Total assets were $1.41B, loans $896.9M, deposits $1.28B. Net interest margin was 3.56%. Board declared a quarterly dividend of $0.26 per share, payable May 29, 2026.
Asset quality improved: nonperforming assets were $4.85M (0.34% of assets); ACLL totaled $7.9M. Liquidity totaled $313.9M (22.28% of assets).
F&M Bank Corp. (OTCQX: FMBM) reported record 2025 earnings with net income $11.2M ($3.16/share), up $3.9M versus 2024. Total assets were $1.37B, loans $886.3M, and deposits $1.25B at year-end.
Net interest income rose to $41.5M, net interest margin improved to 3.35%, book value per share increased 20.6% to $29.46, and the Board declared a $0.26 per-share dividend payable March 2, 2026.
F&M Bank Corp. (OTCQX:FMBM) reported third quarter 2025 net income of $2.9M or $0.82 per share and year-to-date net income of $8.3M or $2.35 per share, an increase of $3.3M versus the first nine months of 2024. Total assets were $1.36B, loans held for investment were $872.3M, and deposits were $1.24B at September 30, 2025.
Key operating metrics: tangible book value per share rose to $27.63 (+17.4% YTD), net interest margin improved +60 bps year-over-year to 3.33%, allowance for credit losses was $7.8M, and nonperforming loans were 0.85% of total loans. The board declared a quarterly dividend of $0.26 per share payable November 28, 2025 (record date November 14, 2025), cited as a 3.9% annualized yield based on the most recent trade price.
F&M Bank Corp. (OTCQX:FMBM) reported strong Q2 2025 financial results with net income of $3.0 million ($0.84 per share), a 21% increase from Q1 2025. For H1 2025, net income reached $5.4 million ($1.53 per share), surpassing the $4.2 million from H1 2024.
The bank's total assets reached $1.31 billion, with loans of $848.8 million and deposits of $1.20 billion as of June 30, 2025. Q2 saw notable loan growth of $21.8 million (2.63%). The net interest margin improved by 33 basis points to 3.48%, while the cost of funds decreased to 2.11%.
The Board declared a quarterly dividend of $0.26 per share, representing a 4.3% annualized yield based on the $22.00 share price. Tangible book value increased to $25.68 per share, marking a 9.1% year-to-date improvement.
F&M Bank Corp (OTCQX:FMBM) reported strong Q1 2025 financial results, with net income reaching $2.5 million ($0.70 per share), marking a 9% increase from Q4 2024's $2.3 million.
Key financial metrics as of March 31, 2025:
- Total assets: $1.31 billion (+0.78% quarter-over-quarter)
- Total loans: $827.0 million (-1.5%)
- Total deposits: $1.20 billion (+0.41%)
- Tangible book value per share: $24.73 (+5%)
The bank's performance showed improvements in several areas, including increased net interest income (+$333,000) and higher noninterest income (+$165,000). The loan portfolio remains diversified, with residential mortgages comprising 27.26% of total loans. The Board declared a quarterly dividend of $0.26 per share, yielding 5.21% annually based on the recent share price of $19.96.
F&M Bank Corp. (OTCQX:FMBM) reported strong financial results for Q4 and full-year 2024. Net income reached $2.3 million ($0.64 per share) for Q4, bringing the annual total to $7.3 million ($2.07 per share), marking a significant 163% increase from 2023's $2.8 million.
The company's total assets stood at $1.30 billion, with total loans of $839.9 million (up 2%) and deposits of $1.20 billion (up 5%) compared to year-end 2023. Net interest income for Q4 was $9.1 million, with net interest margin increasing by 14 basis points to 2.91%.
Key improvements were seen in Wealth Management, F&M Mortgage, and VS Title divisions. The Board declared a fourth quarter dividend of $0.26 per share, yielding 5.21% annually based on the recent share price of $19.95.