{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-001027","form_type":"8-K","ticker":"FMBM","cik":"0000740806","company_name":"F&M BANK CORP","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.844592+00:00","generated_at":"2026-06-06T15:25:48.291116+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 Q4 net income $457k ($0.13); full year $2.8M; includes $1.8M severance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-001027","json":"https://secwatch.observer/filing/0001654954-24-001027.json","markdown":"https://secwatch.observer/filing/0001654954-24-001027.md","text":"https://secwatch.observer/filing/0001654954-24-001027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/fmbm_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:25:48.291116+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":"47714e1db46bd91b1c06d55b6dbab4c5b8272adf","claim":"F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.","evidence_excerpt":"Net income was $457,000 or $0.13 per share for the quarter ended December 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and year ended December 31, 2023"},{"label":"Net income","value":"1.7 million"},{"label":"EPS","value":"0.49"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"47714e1db46bd91b1c06d55b6dbab4c5b8272adf","claim":"F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.","evidence_excerpt":"compared to $1.0 million or $0.29 per share for the linked quarter ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and year ended December 31, 2023"},{"label":"Net income","value":"1.7 million"},{"label":"EPS","value":"0.49"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"47714e1db46bd91b1c06d55b6dbab4c5b8272adf","claim":"F&M BANK CORP reported quarter and year ended December 31, 2023 results: net income 1.7 million, EPS 0.49.","evidence_excerpt":"and compared to $1.7 million or $0.49 per share for the prior year quarter ended December 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and year ended December 31, 2023"},{"label":"Net income","value":"1.7 million"},{"label":"EPS","value":"0.49"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"626ae568eeef309a0031da3cf6d4d23f54502abb","claim":"F&M BANK CORP reported year ended December 31, 2022 results: net income 8.3 million, EPS 2.41.","evidence_excerpt":"the Company earned $8.3 million or $2.41 per share in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Net income","value":"8.3 million"},{"label":"EPS","value":"2.41"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f596e10c9329b838a711e88bed8498569eed8952","claim":"F&M BANK CORP reported year ended December 31, 2023 results: net income 2.8 million, EPS 0.79.","evidence_excerpt":"For the year ended December 31, 2023, net income was $2.8 million or $0.79 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/740806/000165495424001027/0001654954-24-001027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Net income","value":"2.8 million"},{"label":"EPS","value":"0.79"},{"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"}