8-K
filed January 30, 2024, 6:59 PM ET
ticker FMBM
CIK 0000740806
earnings
confidence high
sentiment negative
materiality 0.70
F&M Bank Q4 net income $457k ($0.13); full year $2.8M; includes $1.8M severance
F&M BANK CORP
2023-FY EPS reported
$0.80
- Q4 net income $457k ($0.13/diluted) versus $1.0M ($0.29) in Q3 2023 and $1.7M ($0.49) in Q4 2022.
- FY 2023 net income $2.8M ($0.79) down from $8.3M ($2.41) in 2022; includes $1.8M after-tax severance and early exit costs.
- Total loans grew $78.5M to $822.1M; deposits up $49.9M to $1.13B; uninsured deposits 11.60%.
- Net interest margin 2.66% in Q4, down 1bp linked quarter and 38bps YoY; $134k recovery of credit losses.
- Quarterly dividend declared (amount not specified); tangible book value per share rose to $21.55 from $19.55.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.
- Period
- quarter and year ended December 31, 2023
- Net income
- 1.7 million
- EPS
- 0.49
- Result
- reported results
Exact text from the filing
Net income was $457,000 or $0.13 per share for the quarter ended December 31, 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.
- Period
- quarter and year ended December 31, 2023
- Net income
- 1.7 million
- EPS
- 0.49
- Result
- reported results
Exact text from the filing
compared to $1.0 million or $0.29 per share for the linked quarter ended September 30, 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.
- Period
- quarter and year ended December 31, 2023
- Net income
- 1.7 million
- EPS
- 0.49
- Result
- reported results
Exact text from the filing
and compared to $1.7 million or $0.49 per share for the prior year quarter ended December 31, 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
F&M BANK CORP reported year ended December 31, 2022 results: net income 8.3 million, EPS 2.41.
- Period
- year ended December 31, 2022
- Net income
- 8.3 million
- EPS
- 2.41
- Result
- reported results
Exact text from the filing
the Company earned $8.3 million or $2.41 per share in 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
F&M BANK CORP reported year ended December 31, 2023 results: net income 2.8 million, EPS 0.79.
- Period
- year ended December 31, 2023
- Net income
- 2.8 million
- EPS
- 0.79
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2023, net income was $2.8 million or $0.79 per share
View on SEC.gov
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