secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001654954-23-013691
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495423013691/0001654954-23-013691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495423013691/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013691

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