F&M Bank Corp. records $3.8M after-tax gain from sale of Bearing Insurance investment

F&M BANK CORP

After-tax gain of $3.8M (pre-tax $4.8M) on sale of minority stake in Bearing Insurance.
Sale closed April 30, 2026; proceeds of $5.1M vs original investment of $223,922.
Estimated BV and tangible BV per share increase by $1.07 based on 3,583,785 shares outstanding.
CEO stated the gain will allow the company to accelerate strategic growth initiatives.
Non-recurring gain will be recognized in Q2 2026.

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