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Franklin Financial Services Corporation  (FRAF)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $26.5000 $0.29 1.106%
Day's High: $26.8 Week Perf: 0.11 %
Day's Low: $ 26.00 30 Day Perf: 3.72 %
Volume (M): 7 52 Wk High: $ 35.00
Volume (M$): $ 188 52 Wk Avg: $29.25
Open: $26.37 52 Wk Low: $23.96



 Market Capitalization (Millions $) 116
 Shares Outstanding (Millions) 4
 Employees 250
 Revenues (TTM) (Millions $) 66
 Net Income (TTM) (Millions $) 14
 Cash Flow (TTM) (Millions $) -42
 Capital Exp. (TTM) (Millions $) 1

Franklin Financial Services Corporation

Franklin Financial Services Corporation was organized as a Pennsylvania business corporation on June 1, 1983 and is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHCA”). On January 16, 1984, pursuant to a plan of reorganization approved by the shareholders of Farmers and Merchants Trust Company of Chambersburg (“F&M Trust” or “the Bank”) and the appropriate regulatory agencies, the Corporation acquired all the shares of F&M Trust and issued its own shares to former F&M Trust shareholders on a share-for-share basis.


The Corporation’s common stock is thinly traded in the over-the-counter market. The Corporation’s stock is listed under the symbol “FRAF” www.otcmarkets.com/stock/FRAF/quote) on the OTCQX Market Tier of the OTC Markets. The Corporation’s Internet address is www.franklinfin.com. Electronic copies of the Corporation’s 2015

The Corporation conducts substantially all of its business through its direct banking subsidiary, F&M Trust, which is wholly owned. F&M Trust, established in 1906, is a full-service, Pennsylvania-chartered commercial bank and trust company, which is not a member of the Federal Reserve System. F&M Trust operates twenty-two community banking offices in Franklin, Cumberland, Fulton and Huntingdon Counties, Pennsylvania. The Bank engages in general commercial, retail banking and trust services normally associated with community banks and its deposits are insured (up to applicable limits) by the Federal Deposit Insurance Corporation (the “FDIC”). F&M Trust offers a wide variety of banking services to businesses, individuals, and governmental entities. These services include, but are not necessarily limited to, accepting and maintaining checking, savings, and time deposit accounts, providing investment and trust services, making loans and providing safe deposit facilities. Franklin Future Fund Inc., a direct subsidiary of the Corporation, is a non-bank investment company that makes venture capital investments within the Corporation’s primary market area. Franklin Financial Properties Corp. is a “qualified real estate subsidiary”, a wholly owned subsidiary of F&M Trust and was established to hold real estate assets used by F&M Trust in its banking operations.

F&M Trust is not dependent upon a single customer or a few customers for a material part of its business. Thus, the loss of any customer or identifiable group of customers would not materially affect the business of the Corporation or the Bank in an adverse manner. Also, none of the Bank’s business is seasonal. The Bank’s lending activities consist primarily of commercial real estate, construction and land development, agricultural, commercial and industrial loans, installment and revolving loans to consumers and residential mortgage loans. Secured and unsecured commercial and industrial loans, including accounts receivable and inventory financing, and commercial equipment financing, are made to small and medium-sized businesses, individuals, governmental entities, and non-profit organizations.


The Bank classifies loans in this report by the type of collateral, primarily residential or commercial and agricultural real estate. Loans secured by residential real estate loans may be further broken down into consumer or commercial purpose. Consumer purpose residential real estate loans represent traditional residential mortgages and home equity products. Both of these products are underwritten in generally the same manner; however, home equity products may present greater risk since many of these loans are secured by a second lien position where the Bank may or may not hold the first lien position. Commercial purpose residential real estate loans represent loans made to businesses, but are secured by residential real estate. These loans are underwritten as commercial loans and the repayment ability may be dependent on the business operation, despite the residential collateral. In addition to the real estate collateral, it is possible that personal guarantees or UCC filings on business assets provide additional security. In certain situations, the Bank acquires properties through foreclosure on delinquent loans. The Bank initially records these properties at the estimated fair value less cost to sell with subsequent adjustments to fair value recorded as needed.


Commercial and agricultural real estate loans are secured by properties such as hotels, office buildings, apartment buildings, retail sites, and farmland or agricultural related properties. These loans are highly dependent on the business operations for repayment. Compared to residential real estate, this collateral may be more difficult to sell in the event of a delinquency.


Construction loans are made to finance the purchase of land and the construction of residential and commercial buildings, and are secured by mortgages on real estate. These loans are primarily comprised of loans to consumers to build a home, and loans to contractors and developers to construct residential properties for resale or rental. Construction loans present various risks that include, but are not limited to: schedule delays, cost overruns, changes in economic conditions during the construction period, and the inability to sell or rent the property upon completion.


Commercial loans are made to businesses and government municipalities of various sizes for a variety of purposes including operations, property, plant and equipment, and working capital. These loans are highly dependent on the business operations for repayment and are generally secured by business assets and personal guarantees. As such, this collateral may be more difficult to sell in the event of a delinquency. Commercial lending, including commercial real estate, is concentrated in the Bank’s primary market, but also includes purchased loan participations originated primarily in south-central Pennsylvania.


Consumer loans are comprised of installment and unsecured personal lines of credit. While some of these loans are secured, the collateral behind the loans is often comprised of assets that lose value quickly (e.g. automobiles) and if repossessed, may not fully satisfy the loan in the event of default. Repayment of these loans is highly dependent on the borrowers’ financial condition that can be affected by economic factors beyond their control and personal circumstances.


F&M Trust’s Investment and Trust Services Department offers all of the personal and corporate trust services normally associated with trust departments including: estate planning and administration, corporate and personal trust fund management, pension, profit sharing and other employee benefit funds management, and custodial services. F&M Trust through licensed members of its Investment and Trust Services Department sells mutual funds, annuities and selected insurance products.



   Company Address: 1500 Nitterhouse Drive Chambersburg 17201 PA
   Company Phone Number: 264-6116   Stock Exchange / Ticker: NASDAQ FRAF
   


Customers Net Income grew by FRAF's Customers Net Profit Margin grew to

7.18 %

5.54 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
TCBI   -1.91%    
WAL   -1.75%    
• View Complete Report
   



Franklin Financial Services Corporation

Franklin Financial Services Corporation Faces Revenue Decline in Recent Fiscal Period

Franklin Financial Services Corporation, a regional banks company, recently announced disappointing earnings for the most recent fiscal period. The company's earnings per share (EPS) deteriorated by 7.08% to $0.79 from $0.85, and its revenue depreciated by 2.118% to $17.19 million year on year. These results reflect a decline in profitability compared to the previous reporting period, where profits fell from $0.88 per share and revenue advanced by 2.072% to $16.85 million.
Net earnings for the most recent fiscal period were $3.471 million, marking a 6.62% decrease from $3.717 million in the corresponding period a year before. Looking closer at Franklin Financial Services Corporation's profitability during this period, the operating margin mitigated to 23.54%, and the net margin shrank to 20.19%. Additionally, operating earnings fell by 7.37% to $4.048 million, resulting in a squeeze on the company's operating margin from 24.88% in the fourth quarter of 2022 to 23.54%.

Franklin Financial Services Corporation

Franklin Financial Services Corporation Faces -4.97% Drop in Revenue, Sparking Concerns in Q3 2023 Earnings Season



The recent financial results of Franklin Financial Services Corporation, a regional bank, have shown a mixed performance during the third quarter of 2023 earnings season. While the company witnessed a decline in income and revenue compared to the previous year, it displayed promising growth compared to the previous reporting season. This article will analyze the key figures and highlight notable facts from this financial report.
Declining Numbers:
In the third quarter of 2023 earnings season, Franklin Financial Services Corporation reported a concerning 16.19% decrease in income, with earnings per share falling to $0.88. Additionally, the revenue for the same period decreased by 4.97% to $16.85 million. These numbers highlight the challenges faced by the company during the specified quarter.

Franklin Financial Services Corporation

Franklin Financial Services Corporation's Lackluster Performance Plagues Regional Banks Throughout Q2 2023

Franklin Financial Services Corporation, a financial services firm, recently announced disappointing results for the fiscal second quarter of 2023. The company's earnings per share (EPS) deteriorated by 15% to $0.68 from $0.80, while revenue depreciated by 0.062% to $16.19 million year on year.
Comparing these results to the prior financial reporting period, we can see a decrease in EPS from $0.75 per share, but an advancement in revenue by 4.243% from $15.53 million. Additionally, net earnings in the fiscal second quarter of 2023 fell by 16.83% to $2.976 million from $3.578 million in the corresponding period a year before.

Franklin Financial Services Corporation

Franklin Financial Services Corporation Posts Impressive Revenue Growth and Profitability Surge in Q1 2023, But Is There Trouble Ahead?

Investing in the stock market can be a lucrative and exciting way to grow your wealth, but it's important to approach it with caution and informed decisions. One key factor in making investment decisions is analyzing a company's financial performance, including their earnings reports.
Franklin Financial Services Corporation (FRAF) recently released their first quarter of 2023 earnings report, which showed a solid increase in revenue by 5.724% to $15.53 million, compared to the same period last year. The company also posted a positive profitability advance of 11.94% to $0.75 per share, compared to $0.67 in the prior year quarter. However, it's important to note that revenue deteriorated by -11.573% from the preceding period, and profits fell by -11.91% from $0.85 per share.






 

Franklin Financial Services's Segments
 
 
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