Quarterly ResultApr 29, 2026, 12:58 PM
FMBM Q1 Net Income +31.3% to $3.23M; EPS $0.91; Assets +2.56%
AI Summary
F&M Bank Corp. reported strong first quarter 2026 earnings, with net income rising 31.3% year-over-year to $3.23 million, or $0.91 per share. The company experienced growth across its balance sheet, with total assets increasing 2.56% to $1.41 billion, total loans up 1.20% to $896.9 million, and total deposits growing 2.40% to $1.28 billion since December 31, 2025. Asset quality improved significantly, and the net interest margin expanded to 3.56%. The company also announced its quarterly dividend.
Key Highlights
- Net income rose 31.3% YoY to $3.23 million, or $0.91 per share.
- Total assets increased 2.56% QoQ to $1.41 billion.
- Total loans grew 1.20% QoQ to $896.9 million.
- Total deposits increased 2.40% QoQ to $1.28 billion.
- Net interest margin expanded to 3.56% for Q1 2026.
- Non-performing assets decreased 46.27% YoY to $4.85 million.
- Book value per share increased 17.02% YoY to $29.98.
- Quarterly dividend was announced.