---
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"
generated_at: "2026-06-13T01:23:31.540969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# F&M Bank Corp Q2 net income falls to $241,000; declares $0.26 dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-009754
- JSON: https://secwatch.observer/filing/0001654954-23-009754.json
- Plain text: https://secwatch.observer/filing/0001654954-23-009754.txt

## Key facts
- Earnings Releases
  F&M BANK CORP reported the quarter ended June 30, 2023 results: net income $241,000, EPS $0.07 per share.
  - Period: the quarter ended June 30, 2023
  - Net income: $241,000
  - EPS: $0.07 per share
  - Result: reported results
  source text: Net income was $241,000 or $0.07 per share for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/0001654954-23-009754-index.htm
- Earnings Releases
  F&M BANK CORP reported the six months ended June 30, 2023 results: net income $1.3 million.
  - Period: the six months ended June 30, 2023
  - Net income: $1.3 million
  - Result: reported results
  source text: For the six months ended June 30, 2023, net income was $1.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/740806/000165495423009754/0001654954-23-009754-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.