---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-005271"
form_type: "8-K"
ticker: "FMBM"
cik: "0000740806"
company_name: "F&M BANK CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:01:41.808422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-005271
- form_type: 8-K
- ticker: FMBM
- cik: 0000740806
- company_name: F&M BANK CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740806/000165495424005271/0001654954-24-005271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740806/000165495424005271/fmbm_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005271
- JSON: https://secwatch.observer/filing/0001654954-24-005271.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005271.txt

## Key facts
- Earnings Releases
  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
  source text: Net income was $1.2 million or $0.35 per share for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/740806/000165495424005271/0001654954-24-005271-index.htm

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