F&M BANK CORP

F&M Bank Corp. announced the completion of a restructuring of its available-for-sale securities portfolio in June 2026. This restructuring was funded by a one-time pre-tax gain of $4.8 million from the April 2026 sale of Bearing Insurance. The company sold $29.8 million in lower-yielding securities and purchased $29.4 million in higher-yielding securities, resulting in a pre-tax loss of $3.5 million from the restructuring itself. The company anticipates an annualized improvement of $0.21 in earnings per share and 6 basis points in net interest margin.

F&M Bank Corp. announced an amendment to its 2020 Stock Incentive Plan, approved by the Board of Directors on May 21, 2026. The changes include a new definition for "Retirement" as termination of employment after age 65 and five consecutive years of service. The amendment also grants the Compensation Committee discretionary authority to accelerate vesting of unvested awards upon a participant's Retirement and updates the clawback provision to ensure compliance with applicable laws and regulations.

F&M Bank Corp. announced it will hold its Annual Meeting of Shareholders on May 16, 2026. The presentation slides to be used and presented at the Annual Meeting are furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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.

F&M Bank Corp. announced a one-time, pre-tax gain of $4.8 million, resulting in after-tax net income of $3.8 million, from the sale of its minority investment in Richmond-based Bearing Insurance. The company received $5.1 million in pre-tax proceeds from the sale, which was finalized on April 30, 2026. This transaction is expected to increase both book value per share and tangible book value per share by $1.07, and the gain will be recognized in the second quarter of 2026. CEO Mike Wilkerson noted that this gain provides opportunities to accelerate strategic growth initiatives.

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.