F&M BANK CORP (FMBM) Form 8-K — Jul 30, 2026
F&M Bank Corp reported second quarter 2026 net income of $5.37 million, or $1.50 per diluted share, an increase from $3.23 million in the prior quarter and $2.97 million in the prior year. The results were bolstered by a one-time pre-tax gain of $4.8 million from the sale of Bearing Insurance, partially offset by a $3.5 million loss on a securities portfolio restructuring. Net interest margin expanded to 3.79%, driven by loan growth and a shift to lower-cost funding sources. Total assets reached $1.40 billion, and loans held for investment grew 4.40% to $925.3 million.
Key figures
- Eps
- 1.5
- Net Income
- 5370000
- Total Debt
- 9926000
- Total Assets
- 1397134000
- Total Deposits
- 1260000000
- Dividend Per Share
- 0.26
- Net Interest Income
- 12332000
- Nonperforming Assets
- 3950000
- Loans Held For Investment
- 925300000
- Provision For Credit Losses
- 269000
AI analysis
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