{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-005746","form_type":"8-K/A","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.127253+00:00","generated_at":"2026-06-16T01:56:40.035704+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 $1.1M ($0.30 EPS), down 56% YoY; dividend $0.26","bullets":["Net income of $1.1M vs $2.5M in Q1 2022; EPS $0.30 vs $0.74.","Net interest margin fell 28 bps linked to 2.76% due to higher funding costs.","Deposits grew $21.9M in Q1 to $1.11B; uninsured deposits 11.45%.","Adopted CECL, adding $777k to ACL and $749k reserve for unfunded commitments.","Board declared $0.26/sh dividend, payable May 30, 2023, record May 15."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-005746","json":"https://secwatch.observer/filing/0001654954-23-005746.json","markdown":"https://secwatch.observer/filing/0001654954-23-005746.md","text":"https://secwatch.observer/filing/0001654954-23-005746.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005746/0001654954-23-005746-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005746/fmbm_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:56:40.035704+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":"40fd47a6d2635b8969c39c7026f00a909c75311e","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":"Net income was $1.1 million or $0.30 per share for the quarter ended March 31, 2023, compared to $1.7 million or $0.49 per share for the linked quarter ended December 31, 2022, and 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/740806/000165495423005746/0001654954-23-005746-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":"49bc45627f4838837a78e99b21dabdc22954465a","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":"Net income was $1.1 million or $0.30 per share for the quarter ended March 31, 2023, compared to $1.7 million or $0.49 per share for the linked quarter ended December 31, 2022, and 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/740806/000165495423005746/0001654954-23-005746-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"},{"claim_id":"853bc795cb7589efcce0157ee32f1cc83c91923d","claim":"F&M BANK CORP reported quarter ended March 31, 2023 results: net income $1.1 million, EPS $0.30 per share.","evidence_excerpt":"Net income was $1.1 million or $0.30 per share for the quarter ended March 31, 2023, compared to $1.7 million or $0.49 per share for the linked quarter ended December 31, 2022, and 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/740806/000165495423005746/0001654954-23-005746-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 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":"8a214f3df15ea610dd980da8579fd227590d05f6","claim":"F&M BANK CORP reported three months ended March 31, 2023 results: revenue $7.8 million.","evidence_excerpt":"Net Interest Income For first quarter 2023, net interest income totaled $7.8 million, a decrease of $921,000 from fourth quarter 2022, as a $872,000 increase in interest income was outpaced by a $1.8 million increase in interest expense due to higher funding rates, plus higher short-term debt average balances.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423005746/0001654954-23-005746-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2023"},{"label":"Revenue","value":"$7.8 million"},{"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"}