F & M Bank Corp. recorded a one-time pre-tax gain of $4.8 million from selling its minority investment in Bearing Insurance, boosting after-tax net income by $3.8 million in Q2 2026.
Key takeaways
One-time pre-tax gain of $4.8 million from Bearing Insurance sale, after-tax $3.8 million.
Sale of 4 units valued at $223,922 generated $5.1 million pre-tax proceeds.
Transaction finalized April 30, 2026, after approvals.
Book value per share and tangible book value per share each increase by $1.07 (unaudited).