---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-005289"
form_type: "8-K/A"
ticker: "FMBM"
cik: "0000740806"
company_name: "F&M BANK CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:01:34.385280+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# F&M Bank Corp Q1 2024 net income $1.2M ($0.35/share), up from $1.1M in Q1 2023

## Summary
- Net income of $1.2M ($0.35 diluted EPS) vs $1.1M ($0.30) in Q1 2023 and $457K ($0.13) in Q4 2023.
- Net interest margin 2.64%, down 12 bps YoY; net interest income $8.1M, up $244K from prior year.
- Total assets $1.32B; loans $825.9M (+$3.8M QoQ); deposits $1.16B (+$23.1M QoQ); noninterest-bearing deposits up $2.9M.
- Provision for credit losses $823K vs zero in Q1 2023, reflecting $807K net charge-offs; ACLL at 1.02% of loans.
- Declared quarterly dividend; noninterest expenses fell $2.1M from Q4 2023 due to prior quarter severance costs.

## SEC filing metadata
- accession: 0001654954-24-005289
- form_type: 8-K/A
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740806/000165495424005289/0001654954-24-005289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740806/000165495424005289/fmbm_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-005289
- JSON: https://secwatch.observer/filing/0001654954-24-005289.json
- Plain text: https://secwatch.observer/filing/0001654954-24-005289.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/740806/000165495424005289/0001654954-24-005289-index.htm

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