F&M Bank Corp reports Q1 2024 net income of $1.2M, EPS $0.35, declares dividend

F&M BANK CORP

2025-Q1 EPS reported $0.35

Net income $1.2M ($0.35 EPS) vs $1.1M ($0.30) in Q1 2023; net interest margin 2.64% down 12bps YoY.
Total assets $1.32B, total loans $825.9M (+$3.8M), total deposits $1.16B (+$23.1M) vs Dec 31, 2023.
Noninterest expenses $8.4M, down $2.1M linked quarter due to prior Q4 severance of $1.4M pre-tax.
Provision for credit losses $823K including net charge-offs $807K; ACLL 1.02% of gross loans.
Dividend declared; tangible book value per share $21.20 vs $21.55 at Dec 31, 2023.

item 2.02 item 9.01

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 the quarter ended March 31, 2024 results: net income $1.2 million, EPS $0.35 per share.

Period: the quarter ended March 31, 2024
Net income: $1.2 million
EPS: $0.35 per share
Result: reported results

Exact text from the filing

Net income was $1.2 million or $0.35 per share for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001654954-24-005271

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