F&M Bank Corp. (OTCQX: FMBM) reported unaudited financial results for the three and nine months ended September 30, 2026, in a press release filed with the SEC on October 28, 2026. The company reported net income of $2.64 million for the third quarter of 2026, or $0.74 per diluted share. This represents a decrease from the second quarter of 2026, which saw net income of $5.37 million ($1.50 per diluted share), but is an increase compared to the third quarter of 2025, which reported net income of $2.92 million ($0.82 per diluted share).
For the nine-month period ended September 30, 2026, net income totaled $11.24 million, or $3.14 per diluted share. This figure exceeds the $8.34 million ($2.35 per diluted share) reported for the same period in 2025. The company reported total assets of $1.42 billion at the end of the third quarter, an increase of $45.7 million from December 31, 2025. Total loans held for investment grew to $970.2 million, an increase of $83.9 million over the same period, while total deposits increased to $1.28 billion, up $36.4 million.
Asset quality metrics remained solid, with nonperforming loans remaining static at 0.43% of total loans as of September 30, 2026. Net charge-offs as a percentage of average loans were 0.17% for the third quarter of 2026. The company recorded a provision for credit losses of $1.53 million during the quarter, an increase from the $269,000 recorded in the second quarter of 2026. The company also reported that its book value per share was $31.06 and tangible book value per share was $30.18 as of September 30, 2026.
The bank’s liquidity position remains strong, with on-balance sheet liquid assets totaling $281.7 million, representing 19.86% of total assets. The company also has access to significant off-balance sheet liquidity sources, including available unsecured federal funds lines totaling $90.0 million and a secured line of credit with the Federal Home Loan Bank with available borrowing capacity of $214.4 million.
