F&M Bank Corp Q2 net income falls to $1.79M from $3.22M YoY; dividend $0.26/share

F&M BANK CORP

2022-Q2 EPS reported $1.25 revenue$54,000

Net income $1.79M ($0.51 EPS) vs $3.22M ($0.98 EPS) in Q2 2021, down 44%.
Net interest margin 3.15% (Q2), up from 2.82% in Q1; noninterest income $2.4M, down from $3.0M YoY.
Loans held for investment grew $32.3M (4.92%) in quarter; total deposits declined $12M (1.09%).
Nonperforming loans fell to 0.15% of assets (prior year 0.50%); provision for loan losses $600k.
Dividend $0.26 per share (payable Aug 29 to record Aug 14), annualized yield ~4.08% based on $25.48 close.

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