F&M Bank Corp. reported a record year for 2025, driven by strong net interest income and improved asset yields. The company demonstrated consistent execution, focusing on growth while maintaining safety and soundness, leading to an increase in key performance metrics and shareholder value.
Record net income of $11.2 million for the year ended December 31, 2025, an improvement of $3.9 million compared to 2024.
positiveNet interest income for the year increased by $7.6 million to $41.5 million, driven by higher interest income and lower interest expense.
positiveNet interest margin increased by 57 basis points to 3.35% for the year, reflecting improved earning asset yield and decreased cost of funds.
positiveBook value per share increased by 20.6% year-over-year to $29.46, and tangible book value per share increased to $28.58.
positiveTotal assets grew by 5.51% to $1.37 billion, total loans by 5.51% to $886.3 million, and total deposits by 4.19% to $1.25 billion since December 31, 2024.
positiveProvision for credit losses increased to $1.1 million in Q4 2025 from $539,000 in Q3 2025, and $2.7 million for the full year 2025 compared to $2.3 million in 2024.
attentionNoninterest expenses increased by $2.6 million for the year ended December 31, 2025, compared to 2024, largely due to higher employee benefits and salary expenses.
attentionNet charge-offs as a percentage of average loans increased to 0.34% for the year ended December 31, 2025, compared to 0.31% for the year ended December 31, 2024.
attentionMortgage banking income declined by $554,000 for the year ended December 31, 2025, compared to the prior year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Proud to announce record earnings for the Company for 2025.
We continue to execute consistently and focus on the fundamentals of running a growth-oriented bank, while maintaining safety and soundness.
The F&M team... is the reason we achieved these stellar results, including record earnings for 2025.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.