The strong core earnings and margin expansion confirm the positive momentum from Q1. Watch for continued loan growth, deposit cost management, and the impact of the new Warrenton office opening in September. The non-recurring items are one-time, so focus on sustainable net interest income trends.
Price Chart
Executive Summary
F&M Bank Corp. reported strong Q2 2026 earnings with net income of $5.37M ($1.50/diluted share), up 81% YoY, driven by a 17% increase in net interest income, margin expansion to 3.79%, and improving asset quality. Results include a net $1.3M pre-tax gain from the sale of Bearing Insurance and a bond portfolio restructuring, but core operations showed solid growth across all business lines.
Key Financial Metrics
Key Facts
- Net income $5.37M in Q2 2026 vs $2.97M in Q2 2025, a 81% YoY increase
- Diluted EPS $1.50 vs $0.83 in Q2 2025
- Net interest income $12.33M, up 17.2% YoY; net interest margin 3.79% vs 3.48%
- Loans held for investment $925.3M, up 4.4% YTD; deposits $1.26B, up 0.98% YTD
- Nonperforming assets fell to 0.28% of total assets from 0.58% a year ago
- Quarterly dividend declared at $0.26/share, annualized yield 2.63% at $39.54 price
- One-time $4.8M gain on sale of Bearing Insurance partially offset by $3.5M loss on bond restructuring
Financial Impact
Net income increased 81% YoY to $5.37M, with core net interest income up 17%. Loan growth of 4.4% YTD and expense discipline underpin profitability.
Risk Factors
- Non-recurring net gain of $1.3M inflated reported earnings; core earnings are lower but still strong
- Deposit costs may rise if competition for deposits intensifies
- Unrealized losses on securities portfolio remain at $19.4M, though improved from $21.0M at year-end
- Small community bank concentration in Shenandoah Valley economy
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-007023 |
| Document: fmbm_8k.htm | 0001654954-26-007023 |
| Document: 0001654954-26-007023-index-headers.html | 0001654954-26-007023 |
| Document: 0001654954-26-007023-index.html | 0001654954-26-007023 |
| Document: 0001654954-26-007023.txt | 0001654954-26-007023 |
| 8-K Data (Synthetic) | 0001654954-26-007023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 6w ago | 8-K | $40.19 | awaiting T+60 | — | $40.60 (+1.02%) |
Jul 30, 2026 12w ago | 8-K | $40.00 $40.95 | ▲ +2.38% | ▼ −0.34% | $40.60 (+1.50%) |
Jul 14, 2026 14w ago | 8-K | $38.40 $40.93 | ▲ +6.59% | ▲ +2.95% | $40.60 (+5.73%) |
May 15, 2026 23w ago | 8-K | $34.23 $40.10 | ▲ +17.15% | ▲ +12.63% | $40.60 (+18.61%) |
May 5, 2026 25w ago | 8-K | $33.00 $39.55 | ▲ +19.85% | ▲ +17.11% | $40.60 (+23.03%) |
Apr 29, 2026 25w ago | 8-K | $31.48 $39.54 | ▲ +25.60% | ▲ +21.49% | $40.60 (+28.97%) |
Mar 27, 2026 30w ago | Insider Cluster | $29.97 $35.87 | ▲ +19.65% | ▲ +3.72% | $40.60 (+35.45%) |
Mar 27, 2026 30w ago | Insider Cluster | $29.97 $35.87 | ▲ +19.65% | ▲ +3.72% | $40.60 (+35.45%) |
Mar 27, 2026 30w ago | Insider Cluster | $29.97 $35.87 | ▲ +19.65% | ▲ +3.72% | $40.60 (+35.45%) |
Mar 27, 2026 30w ago | Insider Cluster | $29.97 $35.87 | ▲ +19.65% | ▲ +3.72% | $40.60 (+35.45%) |
US Market Status
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