secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001654954-23-001031
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495423001031/0001654954-23-001031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495423001031/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-001031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer