{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-009754","form_type":"8-K","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.548384+00:00","generated_at":"2026-06-13T01:23:31.540969+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 Corp Q2 net income falls to $241,000; declares $0.26 dividend","bullets":["Net income $241K ($0.07 EPS) vs $1.1M ($0.30) linked Q1 and $1.8M ($0.51) year-ago Q2.","Net interest income $7.8M, down $58K linked and $1.2M YoY; NIM fell 10 bp to 2.66%.","One-time severance accruals: $764K in Q2 and $261K in Q1, totaling $1.0M after-tax in H1.","Loans grew $32.7M to $776.3M, deposits up $53.7M to $1.14B since year-end 2022.","Dividend $0.26/share payable Aug 29; record Aug 14; annualized yield 4.62% at $22.50 close."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-009754","json":"https://secwatch.observer/filing/0001654954-23-009754.json","markdown":"https://secwatch.observer/filing/0001654954-23-009754.md","text":"https://secwatch.observer/filing/0001654954-23-009754.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/0001654954-23-009754-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/fmbm_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:23:31.540969+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":"a203af8d94b8a9cb18203425c2ac2c98d1bb84bd","claim":"F&M BANK CORP reported the quarter ended June 30, 2023 results: net income $241,000, EPS $0.07 per share.","evidence_excerpt":"Net income was $241,000 or $0.07 per share for the quarter ended June 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/0001654954-23-009754-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Net income","value":"$241,000"},{"label":"EPS","value":"$0.07 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b9cf68c9dea23b8affd1fd8e4e753032aa83364b","claim":"F&M BANK CORP reported the six months ended June 30, 2023 results: net income $1.3 million.","evidence_excerpt":"For the six months ended June 30, 2023, net income was $1.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/0001654954-23-009754-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Net income","value":"$1.3 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"}