F & M BANK CORP - FMBM STOCK NEWS

F & M Bank Corp. (OTCQX:FMBM) reported a net income of $2.3 million for Q3 2022. Total deposits increased by $17.2 million (1.56%) to $1.1 billion, while loans rose by $6.7 million to $699.6 million. The net interest margin improved to 3.03%, reflecting higher yields on loans. Despite no provision for loan losses this quarter, concerns remain about economic conditions. A dividend of $.26 per share was declared, yielding 4.45% based on recent trading prices.

F & M Bank Corp. (OTCQX:FMBM) reported earnings of $1.8 million for Q2 2022, with strong loan demand in the Shenandoah Valley, resulting in a $32 million increase in loans. However, total deposits decreased by $12 million, with nonperforming loans falling to 0.15% of total assets. The bank allocated $600,000 for loan losses amid economic uncertainty. Investment portfolio income grew significantly to $2 million compared to $536,000 last year. The board declared a dividend of $0.26 per share, yielding 4.08%. Overall, core operating earnings are strong and growing, despite challenges.

F & M Bank Corp. (OTCQX:FMBM) reported a robust net income of $2.5 million for Q1 2022, a significant increase compared to previous quarters. Deposits surged by 2.96% to $1.112 billion, and loans held for investment rose to $657.5 million, marking a growth of 5.64% year-over-year. Notably, nonperforming assets as a percentage of total assets decreased to 0.39%, showcasing improved asset quality. Furthermore, a $450,000 recovery in provision for loan losses contributed positively to earnings, while the dividend declared stands at $0.26 per share, reflecting a 3.47% yield.

F & M Bank Corp. (OTCQX:FMBM) reported a record net income of $10.5 million for 2021, marking its most profitable year in history, with diluted earnings per share of $3.12. The company experienced deposit growth of 68.3% over two years, significantly outperforming peers. Key highlights include a 31.97% annual increase in total deposits and improved asset quality, with nonperforming assets down to 0.45%. However, net interest margin compressed to 3.00% from 3.61% the previous year. The Board declared a $0.26 dividend per share for Q4 2021, reflecting a 3.31% yield.

F & M Bank Corp. (OTCQX:FMBM) reported a net income of $2.2 million for Q3 2021, translating to diluted earnings of $0.68 per share. Year-to-date net income rose to $9.2 million. The bank's total deposits surged by $74.9 million for the quarter and $236.7 million year-over-year. Total loans grew by $7.5 million and $34.7 million respectively, excluding PPP loans. Nonperforming assets decreased to 0.46%. The bank declared a dividend of $0.26 per share, yielding 3.60%. Assets under management increased significantly, with a strong performance noted in noninterest income.

F&M Bank Corp. (OTCQX:FMBM) has appointed three new members to its Board of Directors as of July 2021. The new appointees are Daphyne Saunders Thomas, a former professor emerita at James Madison University; John Willingham, President of Stoneridge Companies; and Hannah Hutman, a partner at Hoover Penrod, PLC. CEO Mark Hanna expressed excitement about leveraging the new members' expertise to enhance the bank's mission. F&M Bank Corp. remains the only publicly traded entity in Rockingham County, VA, managing over $1 billion in assets.

F & M Bank Corp. (OTCQX:FMBM) reported a net income of $3.2 million and diluted earnings per share of $0.93 for Q2 2021. Growth was driven by increased net interest income, despite margin compression, and strong non-interest income, totaling $6.4 million year-to-date. The bank improved asset quality, reducing the allowance for loan losses to 1.31%. Total deposits rose by $92.6 million for the quarter and $188.7 million over the past year. The Board declared a $0.26 dividend per share, yielding 3.59% annually, payable August 30, 2021.

F & M Bank Corp. (OTCQX:FMBM) reported record earnings of $3.8 million for Q1 2021, translating to diluted EPS of $1.11. The bank's total assets surpassed $1 billion, driven by strong asset quality and liquidity. Noninterest income rose to $3.4 million, boosted by high mortgage origination volumes and wealth management growth. Significant contributions also came from the Paycheck Protection Program, with $20.2 million in loans processed this year. The bank opened a new branch in Waynesboro and resumed lobby operations, further enhancing its market reach.

F & M Bank Corp (OTCQX:FMBM) reported a net income of $2.21 million for Q3 2020, up from $2.06 million in Q2. The net interest margin stands at 3.60%, reflecting a historical decline. Total deposits increased by $26.9 million in the quarter and $175.1 million year-over-year. Nonperforming loans improved to 0.42% of total assets. The Board declared a dividend of $0.26 per share, yielding 5.41% based on the recent share price. The bank processed 717 PPP loans totaling $62.6 million amid the pandemic.