F&M Bank Corp. filings document the regulatory record of a financial holding company whose wholly owned subsidiary is Farmers & Merchants Bank. The company's 8-K reports disclose operating results, quarterly dividends, material events, completed investment sales, and balance-sheet measures such as loans, deposits, capital ratios, asset quality, net interest income, and net interest margin.
Other filings cover proxy governance, annual meeting matters, director changes, executive employment agreements, and compensation arrangements. Capital-structure disclosures include subordinated notes issued to qualify as Tier 2 capital, related covenants and redemption terms, and the use of proceeds for existing subordinated debt and general corporate purposes.
Fourthstone LLC and related entities reported beneficial ownership of 355,199 shares of F&M Bank Corp common stock, representing 9.98% of the class based on 3,557,495 shares outstanding as of March 20, 2026. The filing is an amendment to a Schedule 13G/A and states the holdings were acquired in the ordinary course of business as an investment adviser and not to influence control.
The cover pages list related holders: Fourthstone Master Opportunity Fund Ltd (269,408 shares, 7.57%), Fourthstone GP LLC (85,791 shares, 2.41%), Fourthstone QP Opportunity Fund (73,842 shares, 2.08%), and Fourthstone Small-Cap Financials Fund (11,949 shares, 0.34%). Signatures by reporting persons appear dated May 15, 2026.
F&M Bank Corp director Dean W. Withers increased his personal stake through open-market purchases of common stock. He bought 2,000 shares at $34.50 per share on May 11, 2026 and another 127 shares at the same price on May 12, 2026, for a total of 2,127 shares.
After these transactions, he directly owns 50,000 shares of F&M Bank Corp common stock, so the new purchases represent a small addition of roughly 4% to his reported holdings.
F & M Bank Corp. reported solid first-quarter 2026 results, with net income of $3.2M compared with $2.5M a year earlier. Earnings per share were $0.91, while cash dividends remained $0.26 per share.
Total assets reached $1.41B, driven by loan growth to $896.9M held for investment and securities available for sale of $350.5M. Deposits totaled $1.28B, and the bank remained "well capitalized" with a Tier 1 leverage ratio of 8.84%.
Credit quality stayed manageable, with nonaccrual loans of $4.8M and an allowance for credit losses on loans of $7.9M. Net interest income improved to $11.4M as interest expense declined, supporting stronger profitability.
F&M Bank Corp. reported a one-time pre-tax gain of $4.8 million, resulting in after-tax net income of $3.8 million, from the sale of its investment in Richmond-based Bearing Insurance Group, Inc.
F&M held four units in Bearing valued at $223,922 in total, which were sold for $1,265,073 per unit, generating proceeds of $5.1 million. The company will recognize this as a one-time, non-recurring gain in second quarter 2026. Based on 3,583,785 shares outstanding on April 30, 2026, book value per share and tangible book value per share are estimated to increase by $1.07 each.
F&M Bank Corp. reported higher first‑quarter 2026 earnings and declared a quarterly dividend. Net income was $3.23 million, or $0.91 per share, up 11.9% from fourth quarter 2025 and 31.3% from first quarter 2025. Return on average assets was 0.94% and return on average equity was 12.18%. Net interest margin improved to 3.56%, with net interest income of $11.43 million, up 21.02% year over year. Assets grew to $1.41 billion, loans to $896.9 million, and deposits to $1.28 billion. Asset quality strengthened, with nonperforming assets at $4.85 million, or 0.34% of total assets, and net charge‑offs at 0.09% of average loans. Tangible book value per share rose to $29.10. The Board declared a $0.26 per share dividend, a 3.31% annualized yield based on a $31.45 share price.
F&M Bank Corp executive Evan S. McHaffa, EVP and Chief Credit Officer, filed an initial Form 3 statement of beneficial ownership. The filing does not report any buy, sell, or derivative transactions, and shows no specific holdings entries at this time.
F & M Bank Corp. is asking shareholders to vote at its May 16, 2026 annual meeting on three items: electing five directors, ratifying Elliott Davis, PLLC as independent auditor for 2026, and approving an advisory "say-on-pay" vote on 2025 executive compensation.
The company had 3,559,157 common shares outstanding as of March 20, 2026, the record date. The board reports strong director independence, active committees, and high meeting attendance. In 2025, CEO Aubrey M. Wilkerson received total compensation of $754,389, while net income was $11,229,000 and shareholders previously supported say‑on‑pay by about 91.11%.
F&M Bank Corp. reports significantly stronger 2025 results, with net income rising to $11.2 million from $7.3 million and earnings per share increasing to $3.16 from $2.07. Higher net interest income, driven by a wider net interest margin of 3.35% versus 2.77%, more than offset increased operating costs.
Total assets reached $1.37 billion as of December 31, 2025, with loans of $886.3 million and deposits of $1.25 billion. Credit quality remained solid, as nonperforming loans declined to 0.68% of total loans and the allowance covered over 129% of nonperforming assets.
The Bank remains well capitalized, with total risk-based capital at 14.04% and common equity tier 1 at 13.11%. Management continued returning capital through quarterly dividends totaling $1.04 per share and share repurchases under a $2.2 million buyback plan while maintaining robust regulatory capital and detailed risk, cybersecurity, and compliance frameworks.