F&M Bank uses Bearing sale gain to shift bond portfolio into higher-yielding securities, targets $0.21 EPS lift
FMBM•Expected earnings and margin impact
The bank targets an annualized EPS uplift of about $0.21 per share and net interest margin expansion of about 6 basis points.
It plans to recover the $2.7 million after-tax restructuring loss over roughly 3.5 years while keeping consolidated equity and tangible book value per share intact.
Bond portfolio repositioning after Bearing sale gain
F&M Bank Corp. will pivot its AFS securities portfolio toward higher yields via a $29.4 million reinvestment program completed in June 2026.
The company said it used a $4.8 million pre-tax gain from the April 2026 Bearing Insurance sale to fund the repositioning while advancing its strategic growth plan.
