OTCPK:FMBM

Stock Analysis Report

Executive Summary

F&M Bank Corp. operates as the bank holding company for Farmers & Merchants Bank that provides commercial banking services in Virginia.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Risks

  • F & M Bank is not covered by any analysts.

Share Price & News

How has F & M Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

OTCPK:FMBM

-1.8%

US Banks

0.2%

US Market


1 Year Return

-28.0%

OTCPK:FMBM

-15.3%

US Banks

-0.7%

US Market

FMBM underperformed the Banks industry which returned -15.3% over the past year.

FMBM underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FMBMIndustryMarket
7 Day-1.8%-1.8%0.2%
30 Day-6.5%-6.4%-2.7%
90 Day-8.6%-4.0%1.6%
1 Year-25.6%-28.0%-12.9%-15.3%1.6%-0.7%
3 Year12.1%1.5%41.3%31.7%40.0%30.9%
5 Year73.0%46.4%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is F & M Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is F & M Bank undervalued based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

F & M Bank's share price is below the future cash flow value, but not at a moderate discount (< 20%).

F & M Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

F & M Bank is good value based on earnings compared to the US Banks industry average.

F & M Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for F & M Bank, we can't assess if its growth is good value.


Price Based on Value of Assets

F & M Bank is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is F & M Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if F & M Bank is high growth as no revenue estimate data is available.

F & M Bank's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare F & M Bank's revenue growth to the United States of America market average as no estimate data is available.

F & M Bank's earnings growth is positive but not above the United States of America market average.

F & M Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if F & M Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has F & M Bank performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

F & M Bank's year on year earnings growth rate has been positive over the past 5 years.

F & M Bank's 1-year earnings growth is less than its 5-year average (5.3% vs 7%)

F & M Bank's earnings growth has not exceeded the US Banks industry average in the past year (5.3% vs 33.2%).


Return on Equity

F & M Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

F & M Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if F & M Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is F & M Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

F & M Bank has an acceptable proportion of non-loan assets held.

F & M Bank has a low allowance for bad loans.

F & M Bank's liabilities are made up of primarily low risk sources of funding.

F & M Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at F & M Bank are broadly funded by customer deposits.

F & M Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is F & M Bank's current dividend yield, its reliability and sustainability?

3.90%

Current Dividend Yield


Dividend Yield and Payments Analysis

F & M Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

F & M Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of F & M Bank's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Mark Hanna (51yo)

1.1yrs

Tenure

US$417,976

Compensation

Mr. Mark Christopher Hanna is President of F & M Bank Corp. since December 1, 2017 and was its Executive Officer until May 2019. Mr. Hanna serves as President of Farmers & Merchants Bank since December 1,  ...


CEO Compensation Analysis

Mark's remuneration is about average for companies of similar size in United States of America.

Mark's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

1.4yrs

Average Tenure

54yo

Average Age

The average tenure for the F & M Bank management team is less than 2 years, this suggests a new team.


Board Age and Tenure

9.3yrs

Average Tenure

65yo

Average Age

The tenure for the F & M Bank board of directors is about average.


Insider Trading

More shares have been bought than sold by F & M Bank individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$32008 Aug 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares11.65
Max PriceUS$27.50
BuyUS$1,00008 Aug 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares36.36
Max PriceUS$27.50
BuyUS$15008 Aug 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares5.45
Max PriceUS$27.50
BuyUS$5807 Aug 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2.1
Max PriceUS$27.50
BuyUS$14,30023 Jul 19
Dean Withers
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares500
Max PriceUS$28.60
BuyUS$8,03315 Jul 19
Edward Burkholder
EntityIndividual
Shares225
Max PriceUS$35.70
BuyUS$20002 Jul 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.9
Max PriceUS$29.00
BuyUS$1,12602 Jul 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares38.86
Max PriceUS$29.00
BuyUS$15002 Jul 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares5.17
Max PriceUS$29.00
BuyUS$5002 Jul 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.72
Max PriceUS$29.00
BuyUS$20004 Jun 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.96
Max PriceUS$28.74
BuyUS$1,00004 Jun 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares34.79
Max PriceUS$28.74
BuyUS$15004 Jun 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares5.22
Max PriceUS$28.74
BuyUS$5004 Jun 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.74
Max PriceUS$28.74
BuyUS$30002 May 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares9.62
Max PriceUS$31.20
BuyUS$1,50002 May 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares48.08
Max PriceUS$31.20
BuyUS$1,22502 May 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares39.26
Max PriceUS$31.20
BuyUS$7502 May 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2.4
Max PriceUS$31.20
BuyUS$84204 Apr 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares25.53
Max PriceUS$33.00
BuyUS$15004 Apr 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.55
Max PriceUS$33.00
BuyUS$9704 Apr 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2.93
Max PriceUS$33.00
BuyUS$1,29203 Apr 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares39.15
Max PriceUS$33.00
BuyUS$34,75008 Mar 19
John Crist
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$34.75
BuyUS$20005 Mar 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares5.6
Max PriceUS$35.70
BuyUS$15005 Mar 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.2
Max PriceUS$35.70
BuyUS$1,00005 Mar 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares28.01
Max PriceUS$35.70
BuyUS$5005 Mar 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.4
Max PriceUS$35.70
BuyUS$20001 Feb 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.6
Max PriceUS$30.30
BuyUS$15001 Feb 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.95
Max PriceUS$30.30
BuyUS$1,00001 Feb 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares33
Max PriceUS$30.30
BuyUS$5001 Feb 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.65
Max PriceUS$30.30
BuyUS$20003 Jan 19
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.67
Max PriceUS$30.00
BuyUS$1,00003 Jan 19
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares33.34
Max PriceUS$30.00
BuyUS$1,15003 Jan 19
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares38.33
Max PriceUS$30.00
BuyUS$5003 Jan 19
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.67
Max PriceUS$30.00
BuyUS$9,00026 Dec 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares300
Max PriceUS$30.00
BuyUS$20003 Dec 18
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.06
Max PriceUS$33.00
BuyUS$15003 Dec 18
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.55
Max PriceUS$33.00
BuyUS$1,00003 Dec 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares30.3
Max PriceUS$33.00
BuyUS$5003 Dec 18
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.52
Max PriceUS$33.00
BuyUS$17,50023 Nov 18
John Crist
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$35.00
BuyUS$8,75009 Nov 18
Ellen Fitzwater
EntityIndividual
Shares250
Max PriceUS$35.00
BuyUS$8,75009 Nov 18
John Crist
EntityIndividual
Role
Member of the Board of Directors
Director
Shares250
Max PriceUS$35.00
BuyUS$10,20009 Nov 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares300
Max PriceUS$34.00
BuyUS$20002 Nov 18
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares6.05
Max PriceUS$33.05
BuyUS$1,00002 Nov 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares30.26
Max PriceUS$33.05
BuyUS$15002 Nov 18
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.54
Max PriceUS$33.05
BuyUS$5002 Nov 18
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.51
Max PriceUS$33.05
BuyUS$30002 Oct 18
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares8.45
Max PriceUS$35.50
BuyUS$10002 Oct 18
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares2.6
Max PriceUS$38.45
BuyUS$7502 Oct 18
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares1.95
Max PriceUS$38.45
BuyUS$22502 Oct 18
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares6.34
Max PriceUS$35.50
BuyUS$50002 Oct 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares13
Max PriceUS$38.45
BuyUS$1,50002 Oct 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares42.25
Max PriceUS$35.50
BuyUS$0.24992502 Oct 18
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares0.01
Max PriceUS$38.45
BuyUS$7502 Oct 18
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2.11
Max PriceUS$35.50
BuyUS$8,81324 Sep 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares250
Max PriceUS$35.25
BuyUS$28,29314 Sep 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares770
Max PriceUS$36.75
BuyUS$20005 Sep 18
Stephanie Shillingburg
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares5.44
Max PriceUS$36.74
BuyUS$5005 Sep 18
Carrie Comer
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1.36
Max PriceUS$36.74
BuyUS$15005 Sep 18
Neil Hayslett
EntityIndividual
Role
Chief Operating Officer
Executive VP
Shares4.08
Max PriceUS$36.74
BuyUS$1,00005 Sep 18
Mark Hanna
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares27.22
Max PriceUS$36.74

Ownership Breakdown


Management Team

  • Neil Hayslett (57yo)

    Executive VP

    • Tenure: 1.4yrs
    • Compensation: US$346.84k
  • Mark Hanna (51yo)

    CEO, President & Director

    • Tenure: 1.1yrs
    • Compensation: US$417.98k
  • Carrie Comer (49yo)

    Executive VP & CFO

    • Tenure: 6.2yrs
  • Stephanie Shillingburg (57yo)

    Executive VP & Chief Banking Officer

    • Tenure: 6.2yrs
  • Ed Strunk (62yo)

    Executive VP & Chief Credit Officer

    • Tenure: 1.4yrs
  • Ralph Foltz

    Senior Vice Precident of Operations

    • Tenure: 0.0yrs
  • Jeff Lam

    Senior VP & Retail Loan Administrator

    • Tenure: 0.0yrs
  • Cindy Sherman

    Senior VP & Loan Operations Manager

    • Tenure: 0.0yrs
  • Kevin Russell

    Senior VP and President of F & M Mortgage

    • Tenure: 0.0yrs
  • Barton Black (48yo)

    Executive VP and Chief Strategy & Risk Officer

    • Tenure: 0.4yrs

Board Members

  • Richard Myers (71yo)

    Director

    • Tenure: 31.3yrs
    • Compensation: US$38.60k
  • Larry Caplinger (66yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: US$917.32k
  • John Crist (69yo)

    Director

    • Tenure: 18.3yrs
    • Compensation: US$43.30k
  • Dan Harshman (67yo)

    Director

    • Tenure: 18.3yrs
    • Compensation: US$43.30k
  • Mike Pugh (64yo)

    Chairman of the Board

    • Tenure: 0.7yrs
    • Compensation: US$42.00k
  • Ronald Wampler (71yo)

    Director

    • Tenure: 28.3yrs
    • Compensation: US$45.40k
  • Dean Withers (62yo)

    Vice Chairman

    • Tenure: 0.7yrs
    • Compensation: US$622.22k
  • Chris Runion (60yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$45.60k
  • Sammy Stuard (64yo)

    Chairman

    • Tenure: 0.0yrs
  • Mark Hanna (51yo)

    CEO, President & Director

    • Tenure: 1.1yrs
    • Compensation: US$417.98k

Company Information

F & M Bank Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: F & M Bank Corp.
  • Ticker: FMBM
  • Exchange: OTCPK
  • Founded: 1908
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$84.580m
  • Shares outstanding: 3.17m
  • Website: https://www.fmbankva.com

Number of Employees


Location

  • F & M Bank Corp.
  • 205 South Main Street
  • Timberville
  • Virginia
  • 22853
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMBMOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1997

Biography

F&M Bank Corp. operates as the bank holding company for Farmers & Merchants Bank that provides commercial banking services in Virginia. The company offers commercial and individual demand and time deposit  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:35
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.