F&M Bank Q2 FY26 net income rises to $5.4 million; net interest margin widens 31 basis points to 3.79%

• F&M Bank Corp. posted Q2 net income of $5.4 million, or $1.5 per diluted share, up $2.4 million year over year.
• Return on average assets rose to 1.54%, while return on average equity climbed to 19.54%.
• Net interest income increased to $12.3 million, driven by loan growth and lower interest expense from a shift out of time deposits.
• Noninterest income rose $2.1 million on a $4.8 million gain from selling Bearing Insurance, partly offset by a $3.5 million securities-sale loss.
• Provision for credit losses fell to $269,000 from $1.2 million, reflecting lower net charge-offs and fewer nonperforming loans.

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