Quarterly ResultAug 13, 2026, 10:22 AM
F&M Bank Q2 Net Income $5.37M, EPS $1.52; Total Assets $1.40B
AI Summary
F&M Bank Corp. reported a significant increase in net income for the second quarter of 2026, reaching $5.369 million, up from $2.965 million in the prior year. Basic earnings per share also rose to $1.52. The company's total assets grew to $1.397 billion, driven by an increase in net loans held for investment and deposits. A notable event during the quarter was a net pre-tax gain of $1.3 million resulting from the sale of Bearing Insurance and a strategic bond portfolio restructuring.
Key Highlights
- Net income for Q2 2026 increased to $5.369 million from $2.965 million in Q2 2025.
- Basic earnings per share for Q2 2026 rose to $1.52 from $0.84 in Q2 2025.
- Total assets grew to $1.397 billion as of June 30, 2026, up from $1.373 billion at December 31, 2025.
- Net interest income for Q2 2026 was $12.333 million, compared to $10.527 million in Q2 2025.
- Noninterest income for Q2 2026 reached $4.854 million, up from $2.792 million in Q2 2025.
- The company recorded a net pre-tax gain of $1.3 million from the sale of Bearing Insurance and a bond portfolio restructuring.
- Loans held for investment, net, increased to $917.182 million at June 30, 2026, from $878.435 million at December 31, 2025.
- Total deposits increased to $1.257 billion at June 30, 2026, from $1.245 billion at December 31, 2025.
Price Impact
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