Quarterly ResultMay 13, 2026, 11:46 AM
F&M Bank Corp Q1 Net Income +31.3% to $3.23M; EPS $0.91
AI Summary
F&M Bank Corp reported a significant increase in net income for the first quarter of 2026, rising 31.3% to $3.23 million, with diluted EPS reaching $0.91. This growth was primarily driven by a 21% increase in net interest income, which reached $11.43 million, despite a higher provision for credit losses. The company also saw an increase in total assets and deposits compared to the end of 2025.
Key Highlights
- Net income for Q1 2026 increased 31.3% to $3.23 million from $2.46 million in Q1 2025.
- Diluted earnings per share rose 30% to $0.91 in Q1 2026 from $0.70 in Q1 2025.
- Net interest income grew 21% to $11.43 million in Q1 2026 from $9.44 million in Q1 2025.
- Total assets increased 2.56% to $1.41 billion as of March 31, 2026, from $1.37 billion at December 31, 2025.
- Total deposits increased 2.4% to $1.28 billion as of March 31, 2026, from $1.25 billion at December 31, 2025.
- Total interest and dividend income increased 7.56% to $17.49 million in Q1 2026.
- Total interest expense decreased 11.1% to $6.06 million in Q1 2026.
- Provision for credit losses was $309 thousand in Q1 2026, compared to a recovery of $104 thousand in Q1 2025.
Price Impact
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