---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-013691"
form_type: "8-K"
ticker: "FMBM"
cik: "0000740806"
company_name: "F&M BANK CORP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:19:49.518936+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# F&M Bank Q3 net income falls to $1.0M from $2.3M; loans increase $62M YTD

## Summary
- Net income $1.0M ($0.29/diluted share) vs $2.3M ($0.67) in Q3 2022; nine-month net income $2.3M vs $6.6M.
- Total loans $805.6M at Sept 30, up $62M YTD; deposits $1.13B, up $50.5M.
- Net interest margin down 41 bps YoY to 2.67% as interest expense outpaced income growth.
- Noninterest expenses $28.3M YTD included $1.0M in severance accruals; prior year $27.0M.

## SEC filing metadata
- accession: 0001654954-23-013691
- form_type: 8-K
- ticker: FMBM
- cik: 0000740806
- company_name: F&M BANK CORP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740806/000165495423013691/0001654954-23-013691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740806/000165495423013691/fmbm_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-013691
- JSON: https://secwatch.observer/filing/0001654954-23-013691.json
- Plain text: https://secwatch.observer/filing/0001654954-23-013691.txt

## Key facts
- Earnings Releases
  F&M BANK CORP reported three and nine months ended September 30, 2023 results: net income $1.0 million, EPS $0.29 per share.
  - Period: three and nine months ended September 30, 2023
  - Net income: $1.0 million
  - EPS: $0.29 per share
  - Result: reported results
  source text: On November 1, 2023, F & M Bank Corp. (the “Company”) issued a press release announcing results for the three and nine months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/740806/000165495423013691/0001654954-23-013691-index.htm

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