secwatch.observer — SEC 8-K summary
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Issuer:     F&M BANK CORP (FMBM)
CIK:        0000740806
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001654954-25-000936
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740806/000165495425000936/0001654954-25-000936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740806/000165495425000936/fmbm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-000936

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