F&M Bank Corp Q4 net income $1.7M ($0.49/dil) vs $2.3M Q3; loans grow $44M

F&M BANK CORP

2022-FY EPS reported $2.41

Q4 net income $1.7M ($0.49/share) vs $2.3M ($0.67) in Q3 and $1.4M ($0.40) in Q4 2021.
Full-year 2022 net income $8.3M ($2.41/share) vs $10.5M ($3.12) in 2021.
Total loans grew 12.2% YoY to $743.6M; Q4 commercial loan growth $24.4M.
One-time $3.8M gain from Infinex sale offset by $2.7M loss on securities sale.
Dividend $0.26/share declared, payable March 1, 2023; annualized yield ~4.61%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

F&M BANK CORP reported the quarter and twelve months ended December 31, 2022 results: net income $1.7 million or $0.49 per common share for the quarter ended December 31, 2022.

Period: the quarter and twelve months ended December 31, 2022
Net income: $1.7 million or $0.49 per common share for the quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On January 30, 2023, F & M Bank Corp. (the “Company”) issued a press release announcing results for the quarter and twelve months ended December 31, 2022

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Source: SEC EDGAR

accession 0001654954-23-001031

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