{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-005449","form_type":"8-K","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.127873+00:00","generated_at":"2026-06-16T05:38:42.849282+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"F&M Bank Q1 net income falls 56% YoY to $1.1M; deposits grow, CEO transition","bullets":["Net income of $1.1M ($0.30/share) vs $2.5M ($0.74/share) in Q1 2022 and $1.7M ($0.49) in Q4 2022.","Deposits grew $21.9M to $1.11B; uninsured deposits at 11.45%; net interest margin fell 28bp to 2.76%.","Adopted CECL on Jan 1, 2023 with one-time ACL increase of $777K and $749K reserve for unfunded commitments.","Declared Q1 dividend of $0.26/share (4.75% annualized yield), payable May 30, 2023 to holders of record May 15.","CEO Mike Wilkerson and President Barton Black assumed leadership roles just after quarter end; technology upgrades underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-005449","json":"https://secwatch.observer/filing/0001654954-23-005449.json","markdown":"https://secwatch.observer/filing/0001654954-23-005449.md","text":"https://secwatch.observer/filing/0001654954-23-005449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005449/0001654954-23-005449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005449/fmbm_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:38:42.849282+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b43b6341077e37c90f337a6622b18ac40885aff","claim":"F&M BANK CORP reported first quarter 2023 results: net income $1.1 million, EPS $0.30 per share.","evidence_excerpt":"F&M Bank Corp. (the “Company), (OTCQX: FMBM), the parent company of Farmers & Merchants Bank (“F&M Bank” or the “Bank”) today reported first quarter results for 2023. Net income was $1.1 million or $0.30 per share for the quarter ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005449/0001654954-23-005449-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$1.1 million"},{"label":"EPS","value":"$0.30 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"97ed2ba908c12209f5a0a896b805847331136685","claim":"F&M BANK CORP reported prior year quarter ended March 31, 2022 results: net income $2.5 million, EPS $0.74 per share.","evidence_excerpt":"compared to $2.5 million or $0.74 per share for the prior year quarter ended March 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005449/0001654954-23-005449-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"prior year quarter ended March 31, 2022"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.74 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b9e8431e708b6ef6389bf4a8fb6eec94629812f9","claim":"F&M BANK CORP reported linked quarter ended December 31, 2022 results: net income $1.7 million, EPS $0.49 per share.","evidence_excerpt":"compared to $1.7 million or $0.49 per share for the linked quarter ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005449/0001654954-23-005449-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"linked quarter ended December 31, 2022"},{"label":"Net income","value":"$1.7 million"},{"label":"EPS","value":"$0.49 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}