Welcome to our dedicated page for F & M Bk news (Ticker: FMBM), a resource for investors and traders seeking the latest updates and insights on F & M Bk stock.
F&M Bank Corp (FMBM) delivers community-focused financial services across Virginia's Shenandoah Valley, maintaining stability through conservative banking practices since 1908. This news hub provides investors with timely updates on earnings reports, regulatory filings, and strategic developments essential for informed decision-making.
Access verified press releases covering loan portfolio management, agricultural lending initiatives, and leadership updates. Track announcements about mortgage services, title insurance operations, and local economic partnerships that reflect the bank's commitment to regional growth.
All content undergoes rigorous verification to ensure accuracy, with updates spanning quarterly results, dividend declarations, and risk management strategies. Bookmark this page for centralized access to FMBM's financial communications and operational milestones.
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.
F&M Bank Corp. (OTCQX:FMBM) reported Q3 2024 net income of $792,000 ($0.23 per share), compared to $3.0 million ($0.86 per share) in Q2 2024 and $1.0 million ($0.29 per share) in Q3 2023. Results were impacted by two one-time expenses totaling $734,000 after tax. Total assets reached $1.34 billion, with total loans of $830.7 million and deposits of $1.22 billion. The company's stock price increased 44.8% during Q3, from $16.15 to $23.40. Tangible book value per share improved from $21.551 to $25.011 since December 31, 2023.
F&M Bank Corp. (OTCQX:FMBM) has appointed Neil A. Houff to its Board of Directors. Houff is the President of Houff , a Weyers Cave, VA-based company specializing in agronomy, supply chain solutions, transloading, and biosolids management. He has led the company since the early 1990s and previously served on Virginia's Board of Agriculture and Consumer Services. As of June 30, 2024, F&M reported total assets of $1.31 billion, loans of $826.3 million, and deposits of $1.19 billion.
F&M Bank Corp. (OTCQX:FMBM) reported strong Q2 2024 results with net income of $3.0 million or $0.86 per share, up from $1.2 million in Q1 2024 and $241,000 in Q2 2023. For the first half of 2024, net income was $4.2 million or $1.21 per share. The company saw growth in total assets to $1.31 billion, total loans to $826.3 million, and total deposits to $1.19 billion. Key highlights include:
- Improved net interest margin of 2.72%
- Recovery of credit losses of $458,000
- Increased noninterest income to $3.0 million
- Reduced noninterest expenses
- Tangible book value per share increased to $22.621
The Board declared a Q2 dividend of $0.26 per share, yielding 6.03% annualized based on the recent share price of $17.25.
F&M Bank Corp. reported strong first quarter 2024 results with a net income of $1.2 million or $0.35 per share, total assets of $1.32 billion, total loans of $825.9 million, and total deposits of $1.16 billion. The company experienced growth in loans and deposits, increased interest income, reduced operational expenses, and continued strong asset quality. The Bank's net interest margin decreased by two basis points to 2.64% on a linked quarter basis. Noninterest income decreased slightly, while noninterest expenses saw a significant decline. Shareholders' equity decreased slightly due to dividend payments. The company declared a first quarter dividend of $0.26 per share, offering a 6.75% yield. The loan portfolio remains diversified, with residential mortgage and automobile loans being the largest segments. Asset quality remains stable with NPLs at 0.47% of total assets. The Bank recorded a provision for credit losses of $823,000, reflecting net loan charge-offs and loan growth. Overall, F&M Bank Corp. demonstrated positive financial performance in the first quarter of 2024.
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