secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001654954-24-014252
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

F&M Bank Q3 net income $792K ($0.23) vs $1.0M YoY; hit by $734K one-time charges
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- Net income $792K ($0.23/share) vs $3.0M ($0.86) linked Q2 and $1.0M ($0.29) prior-year Q3.
- One-time after-tax expenses of $734K: $152K severance and $582K external fraud event.
- Core earnings (non-GAAP) $1.526M for Q3 and $5.759M YTD, excluding one-time items.
- Nine-month net income $5.0M ($1.44/share) vs $2.3M ($0.67) same period 2023, more than doubled.
- Quarterly dividend declared (per-share amount not specified in press release).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495424014252/0001654954-24-014252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495424014252/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-014252

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer