Quarterly ResultOct 29, 2026, 10:51 AM
F&M Bank Corp. Q3 Net Income $2.64M; Nine-Month Income Up YoY
AI Summary
F&M Bank Corp. announced its third quarter 2026 financial results, reporting a net income of $2.64 million, or $0.74 per diluted share. While this represents a decrease compared to the prior year's third quarter ($2.92 million, $0.82/share), the nine-month year-to-date net income increased to $11.24 million ($3.14/share) from $8.34 million ($2.35/share) in the same period of 2025. The company also reported growth in total assets, loans, and deposits. Additionally, F&M Bank Corp. declared its quarterly dividend of $0.26 per share.
Key Highlights
- F&M Bank Corp. reported Q3 2026 net income of $2.64 million, or $0.74 per diluted share, down from $2.92 million ($0.82/share) in Q3 2025.
- Nine-month 2026 net income was $11.24 million ($3.14/share), up from $8.34 million ($2.35/share) in the same period last year.
- Total assets reached $1.42 billion at September 30, 2026, an increase of $45.7 million from year-end 2025.
- Loans held for investment grew by $83.9 million (9.47%) to $970.2 million since year-end 2025.
- Deposits increased by $36.4 million (2.92%) to $1.28 billion since year-end 2025.
- The company declared a quarterly dividend of $0.26 per share, payable November 30, 2026.
- Provision for credit losses increased significantly to $1.53 million in Q3 2026 from $0.54 million in Q3 2025.
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