F&M Bancorp 10-Q: Q3 Net Income $11.5M, Up 30.3%; Nonaccruals Rise to $6.2M
FMAO sits 60% above its 52-week low of $22.91 on light trading volume (0.2× avg).
Summary
F&M Bancorp's Q3 10-Q confirms $11.5M net income ($0.84 per share, up 30.3%) on a 3.57% net interest margin, while nonaccrual loans rose to $6.2M and the company bought back 41,500 shares for about $1.4M.
Key Events · Earnings and Guidance · FMAO
-
Q3 Net Income Up 30.3%
Net income was $11.5 million, or $0.84 per diluted share, versus $8.9 million ($0.64) a year earlier; nine-month net income reached $32.9 million, up 40.0% from $23.5 million.
-
Margin Widens to 3.57%
Net interest margin rose to 3.57% from 3.40% a year ago and net interest income to $29.9 million from $26.9 million, as interest expense fell $531 thousand.
-
Nonaccrual Loans Climb
Nonaccrual loans rose to $6.2 million from $5.2 million at September 30, 2025, with $3.0 million attributed to one agricultural real estate loan carrying a $35 thousand specific allocation.
-
Buyback and Dividend Raised
The company repurchased 41,500 shares for about $1.4 million in Q3, more than the prior three years combined, and lifted the quarterly dividend to $0.25 per share from $0.23.
Analysis · FMAO · Finance
The headline numbers were already out on October 22, but the full 10-Q fills in the balance sheet and credit detail that the 8-K skipped. Net interest margin widened to 3.57% from 3.40%, and nine-month net income is up 40.0% to $32.9M, so the core earnings trend is intact. Against that, nonaccrual loans climbed to $6.2M from $5.2M a year ago, with $3.0M of that a single agricultural real estate credit, and the servicing-rights valuation allowance jumped to $1.4M from $454K. Management is also putting capital to work: 41,500 shares repurchased for about $1.4M in the quarter, a dividend bump to $0.25, and a planned $7.0M paydown of the subordinated notes on October 30, 2026.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FMAO was trading at $36.67 on NASDAQ in the Finance sector, with a market capitalization of approximately $505.1M. The 52-week trading range was $22.91 to $37.60. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.