F&M Bank Corp posts $0.64 Q4 EPS, FY net income up 163% to $7.3M

F&M BANK CORP

2024-FY EPS reported $2.07

Net income Q4 2024 $2.3M ($0.64/sh); full-year $7.3M ($2.07/sh), up 163% from $2.8M in 2023.
Total assets $1.30B; loans $839.9M (+2% YoY), deposits $1.20B (+5% YoY).
Net interest margin improved to 2.91% in Q4 (up 14 bps linked quarter); full-year NIM 2.77%.
Noninterest expenses fell $4.3M YoY to $34.4M; $500K insurance proceeds offset prior fraud costs.
Tangible book value per share rose to $23.53 from $21.55 as of Dec 31, 2024.

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