Earnings ·
F&M Bank Corp. reported second quarter 2026 net income of $5.37 million, or $1.50 per diluted share, driven by a $4.8…
FMBMF&M Bank Corp
F&M Bank Corp. reported second quarter 2026 net income of $5.37 million, or $1.50 per diluted share, driven by a $4.8 million pre-tax gain from the sale of Bearing Insurance and a bond portfolio restructuring that yielded a net pre-tax gain of $1.3 million. Total assets reached $1.4 billion, with loans growing 4.4% to $925.3 million and deposits increasing 0.98% to $1.26 billion. The company also declared a quarterly cash dividend of $0.26 per share, payable on August 28, 2026, to shareholders of record as of August 14, 2026. F&M Bank Corp. operates in the banking industry as a financial holding company providing community banking services through its subsidiary.