secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001654954-22-010144
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495422010144/0001654954-22-010144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495422010144/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-010144

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