---
title: "F&M Bank Corp records $3.8M after-tax gain from Bearing Insurance sale"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285219915.md"
description: "F&M Bank Corp reported a one-time after-tax gain of $3.8 million from selling its investment in Bearing Insurance. The sale, which closed on April 30, 2026, generated a pre-tax gain of $4.8 million and increased the estimated book value per share by $1.07. The transaction involved selling four Bearing Insurance units originally valued at $223,922 for $5.1 million in proceeds. The gain will be recognized in Q2 2026 as non-recurring, following necessary approvals."
datetime: "2026-05-05T13:53:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285219915.md)
  - [en](https://longbridge.com/en/news/285219915.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285219915.md)
---

# F&M Bank Corp records $3.8M after-tax gain from Bearing Insurance sale

**F&M Bank Corp recorded a one-time after-tax gain of $3.8 million from the sale of its investment in Bearing Insurance.**

**Key Highlights:**

-   Recorded a one-time pre-tax gain of $4.8M and after-tax net income of $3.8M from the sale.
-   F&M sold four Bearing Insurance units valued at $223,922 originally, receiving $5.1M in proceeds.
-   Sale closed April 30, 2026 after member and regulatory approvals; gain recognized in Q2 2026 as non-recurring.
-   Transaction increases estimated book and tangible book value per share by $1.07 based on 3,583,785 shares.

Original SEC Filing: F&M BANK CORP \[ FMBM \] - 8-K - May. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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