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Two non-recurring transactions during second quarter 2026 bolster strong net income resulting from operations. See associated, unaudited summary consolidated financial data for additional information.
The one-time, after-tax gain of $3.8 million resulted from the Company's investment in Richmond, Virginia-based Bearing Insurance Group, Inc., which was sold on April 30, 2026. TIMBERVILLE, VA / ACCESS Newswire / July 10, 2026 / F&M Bank Corp. (the "Company" or "F&M"), (OTCQX:FMBM), the parent company of Farmers & Merchants Bank ("F&M Bank" or the "Bank"), today reported that it completed a restructuring of its available-for-sale (AFS) securities portfolio in June 2026.
The one-time gain resulted from the Company's investment in Richmond, Virginia-based Bearing Insurance Group, Inc., which was sold on April 30, 2026. TIMBERVILLE, VA / ACCESS Newswire / May 4, 2026 / F&M Bank Corp. (the "Company" or "F&M"), (OTCQX:FMBM), the parent company of Farmers & Merchants Bank ("F&M Bank" or the "Bank"), today reported that it has recorded a one-time, pre-tax gain of $4.8 million, resulting in after-tax net income of $3.8 million.
Net income rose 31.3% in a year‑over‑year comparison; and the Company experienced growth in assets, loans, and deposits on both a linked quarter and year-to-year basis. See associated, unaudited summary consolidated financial data for additional information.
F and M Bank Corp. (OTCMKTS:FMBM - Get Free Report) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $31.18 and traded as high as $31.50. F and M Bank shares last traded at $31.50, with a volume of 2,940 shares changing hands. F
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