Franklin Finl Svcs Corp (FRAF) 24.0000 $FRAF
Franklin Financial Reports Second Quarter 2016 Earnings
PR Newswire - Mon Jul 25, 8:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $1.6 million for the second quarter ended June 30, 2016. This represents a 36.9% decrease when compared to second quarter 2015 earnings of $2.5 million and a 42.7% decrease when compared to first quarter 2016 earnings of $2.7 million. Second quarter 2016 earnings were negatively affected by the provision for loan loss expense of $1.88 million compared to $310 thousand during the same quarter of 2015. The increase in the provision expense was due primarily to a $1.94 million charge-off on a participated commercial loan, but also reflected growth in the loan portfolio during the year. With the additional provision expense, the allowance for loan losses remained strong at 1.25% of total loans at June 30, 2016. Net income for the first six months of 2016 was $4.3 million compared with $5.4 million for the same period in 2015, a decrease of 20.0%. As previously reported, first quarter 2015 earnings were enhanced by two nonrecurring events that increased noninterest income by $899 thousand.
Franklin Financial Reports First Quarter 2016 Earnings
PR Newswire - Tue Apr 26, 8:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,726,000 for the first quarter ended March 31, 2016. This represents a 5.5% decrease when compared to first quarter 2015 earnings of $2,884,000 and a 20.2% increase when compared to fourth quarter 2015 earnings of $2,267,000. First quarter 2015 earnings were enhanced by two nonrecurring events that increased pre-tax noninterest income by $899,000. Adjusting for the nonrecurring events, net income for the first quarter 2016 represents a 19% increase over the first quarter 2015. On a per share basis, diluted earnings were $0.64 for the first three months of 2016 compared to $0.68 for the same period in 2015 and $0.53 for the quarter ended December 31, 2015.
Franklin Financial Declares Second Quarter Dividend
PR Newswire - Mon Apr 18, 1:00PM CDT
The Board of Directors of Franklin Financial Services Corporation declared a $0.21 per share regular cash dividend for the second quarter of 2016. This compares to a $0.19 per share regular cash dividend for the second quarter of 2015, representing a 10.5% increase. Total cash dividends paid during the first two quarters of 2016 will be $0.40 per share compared to $0.36 per share in 2015, an increase of 11.1%.
Franklin Financial Announces Stock Repurchase Program
PR Newswire - Mon Apr 18, 9:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that its Board of Directors has authorized the repurchase of up to $350,000 in shares of its $1.00 par value common stock during each calendar quarter through March 31, 2017. The repurchases are authorized to be made in open market or privately negotiated transactions. The specific prices, numbers of shares and timing of purchase transactions will be determined by the Corporation from time to time in its sole discretion.
Franklin Financial, F&M Trust appointment director
M2 - Wed Feb 10, 6:29AM CST
Board of directors of Franklin Financial Services Corporation (OTCQX: FRAF), the bank holding company of F&M Trust, has appointed Timothy G. Henry a director of Franklin Financial Services Corporation and of F&M Trust, the company said. As a class A director of the corporation, he will serve a term to expire at the annual meeting of shareholders in 2017. As previously announced, he became president of Franklin Financial and F&M Trust effective February 1, 2016. Franklin Financial is an independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1.0 billion. Its wholly owned subsidiary, F&M Trust, has 22 community banking offices.
Franklin Financial, F&M Trust Announce Appointment of Tim Henry as Director
PR Newswire - Tue Feb 02, 3:20PM CST
The Board of Directors of Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that Timothy G. Henry has been appointed a Director of Franklin Financial Services Corporation and of F&M Trust effective February 1, 2016. As a Class A Director of the Corporation, Mr. Henry will serve a term to expire at the annual meeting of shareholders in 2017.
Franklin Financial reports Q4 2015 earnings of USD2.2m
M2 - Tue Feb 02, 12:34PM CST
Franklin Financial Services Corporation (OTCQX: FRAF), the bank holding company of F&M Trust, reported earnings of USD2,267,000 for the fourth quarter ended December 31, 2015, representing a 22.7 percent increase when compared to fourth quarter 2014 earnings of USD1,847,000, and a slight decrease when compared to third quarter 2015 earnings of USD2,579,000, the company said. Net income for the year was USD10,204,000 compared with USD8,402,000 for 2014, an increase of 21.4 percent. Earnings for 2015 were enhanced by two nonrecurring events that increased noninterest income by USD899,000 (pretax) and a USD250,000 reduction of a deferred tax valuation allowance related to capital losses. Net income for 2015 adjusted for the nonrecurring events and valuation allowance reduction was approximately USD9,361,000, which represents an increase of 11.4 percent over 2014. On a per share basis, diluted earnings were USD0.53 for the quarter ended December 31, 2015 and USD2.40 for the year, compared to USD0.44 and USD2.00 for the same periods in 2014. Total assets at December 31, 2015 were USD1.035 billion, a 3.4 percent increase when compared with total assets of USD1.001 billion at December 31, 2014. Total deposits increased 4.2 percent to USD918.5 million, and net loans increased 7.6 percent to USD771.9 million. The market value of trust assets under management decreased slightly to USD586.7 million. Franklin Financial is a large independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1.0 billion. Its wholly owned subsidiary, F&M Trust, has 22 community banking offices.
Franklin Financial Services Corporation to Webcast, Live, at OTCQX Banks Virtual Investor Conference February 4
PR Newswire - Mon Feb 01, 7:00AM CST
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual conference at VirtualInvestorConferences.com
Franklin Financial announces 11.8% higher dividend of USD0.19 per share for Q1 2016 year over year
M2 - Mon Feb 01, 4:51AM CST
Franklin Financial Services Corporation's (OTCMKTS:FRAF) released on Friday a regular cash dividend of USD0.19 per share for the first quarter of 2016.
Franklin Financial Declares First Quarter Dividend
PR Newswire - Fri Jan 29, 1:00PM CST
The Board of Directors of Franklin Financial Services Corporation declared a $0.19 per share regular cash dividend for the first quarter of 2016, matching the regular quarterly cash dividend paid in the fourth quarter of 2015. This compares to a $0.17 per share regular cash dividend for the first quarter of 2015, representing an 11.8% increase.
OTC Markets Group Announces Agenda for February 4th OTCQX Banks Virtual Investor Conference
PR Newswire - Thu Jan 28, 3:22PM CST
Individual and institutional investors invited to log on and ask questions directly to bank CEOs and their senior executives
Franklin Financial Reports 2015 Earnings
PR Newswire - Tue Jan 26, 8:00AM CST
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,267,000 for the fourth quarter ended December 31, 2015. This represents a 22.7% increase when compared to fourth quarter 2014 earnings of $1,847,000, and a slight decrease when compared to third quarter 2015 earnings of $2,579,000. Net income for the year was $10,204,000 compared with $8,402,000 for 2014, an increase of 21.4%. Earnings for 2015 were enhanced by two nonrecurring events that increased noninterest income by $899,000 (pretax) and a $250,000 reduction of a deferred tax valuation allowance related to capital losses. Net income for 2015 adjusted for the nonrecurring events and valuation allowance reduction was approximately $9,361,000, which represents an increase of 11.4% over 2014.
Franklin Financial, F&M Trust name new president
M2 - Mon Dec 28, 6:43AM CST
Board of directors of Franklin Financial Services Corporation (OTCQX: FRAF), bank holding company of F&M Trust, said it has named Timothy Henry as the bank's president, effective February 1, 2016. William E. Snell, Jr., who has served as President and CEO since 1995, will continue as CEO and a member of the board of directors. Henry will be based at the bank's corporate headquarters in Chambersburg, PA. Henry has extensive experience in commercial lending, loan workout, retail management, private banking, trust and investment services, operations, risk management and compliance. Most recently, he served as senior vice president and commercial executive in Washington County, MD, for Susquehanna Bank and BB&T since 2013. Franklin Financial is a large independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1 billion. Its wholly owned subsidiary, F&M Trust, has twenty-two community banking offices
Franklin Financial, F&M Trust Announces New President
PR Newswire - Thu Dec 17, 2:24PM CST
The Board of Directors of Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that Timothy Henry will become the Bank's President, effective February 1, 2016. William E. Snell, Jr., who has served as President and CEO since 1995, will continue as CEO and a member of the Board of Directors. Henry will be based at the Bank's corporate headquarters in Chambersburg, PA.
Franklin Financial reports 7.0% growth in net income for Q3 2015 and announces USD0.19 per share dividend for Q4 2015
M2 - Wed Oct 28, 4:45AM CDT
Franklin Financial Services Corporation (OTCQX:FRAF) on Tuesday reported for the third quarter ended 30 September 2015 earnings of USD2.6m or USD0.61 diluted earnings per share, a 7.0% increase compared to earnings of USD2.4m or USD0.57 diluted earnings per share in the third quarter 2014.
Franklin Financial Reports Earnings Growth; Declares Dividend
PR Newswire - Tue Oct 27, 11:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,579,000 for the third quarter ended September 30, 2015. This represents a 7.0% increase when compared to third quarter 2014 earnings of $2,410,000, and a 4.2% increase when compared to second quarter 2015 earnings of $2,474,000. Net income for the first nine months of 2015 was $7,937,000 compared with $6,555,000 for the same period in 2014, an increase of 21.1%. As reported earlier this year, first quarter 2015 earnings were enhanced by two nonrecurring events that increased noninterest income by $899,000. Adjusted net income for the first nine months of 2015 was $7,343,000, which represents an increase of 12.0% over the previous year.
Franklin Financial Reports Second Quarter 2016 Earnings
PR Newswire - Mon Jul 25, 8:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $1.6 million for the second quarter ended June 30, 2016. This represents a 36.9% decrease when compared to second quarter 2015 earnings of $2.5 million and a 42.7% decrease when compared to first quarter 2016 earnings of $2.7 million. Second quarter 2016 earnings were negatively affected by the provision for loan loss expense of $1.88 million compared to $310 thousand during the same quarter of 2015. The increase in the provision expense was due primarily to a $1.94 million charge-off on a participated commercial loan, but also reflected growth in the loan portfolio during the year. With the additional provision expense, the allowance for loan losses remained strong at 1.25% of total loans at June 30, 2016. Net income for the first six months of 2016 was $4.3 million compared with $5.4 million for the same period in 2015, a decrease of 20.0%. As previously reported, first quarter 2015 earnings were enhanced by two nonrecurring events that increased noninterest income by $899 thousand.
Franklin Financial Reports First Quarter 2016 Earnings
PR Newswire - Tue Apr 26, 8:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,726,000 for the first quarter ended March 31, 2016. This represents a 5.5% decrease when compared to first quarter 2015 earnings of $2,884,000 and a 20.2% increase when compared to fourth quarter 2015 earnings of $2,267,000. First quarter 2015 earnings were enhanced by two nonrecurring events that increased pre-tax noninterest income by $899,000. Adjusting for the nonrecurring events, net income for the first quarter 2016 represents a 19% increase over the first quarter 2015. On a per share basis, diluted earnings were $0.64 for the first three months of 2016 compared to $0.68 for the same period in 2015 and $0.53 for the quarter ended December 31, 2015.
Franklin Financial Declares Second Quarter Dividend
PR Newswire - Mon Apr 18, 1:00PM CDT
The Board of Directors of Franklin Financial Services Corporation declared a $0.21 per share regular cash dividend for the second quarter of 2016. This compares to a $0.19 per share regular cash dividend for the second quarter of 2015, representing a 10.5% increase. Total cash dividends paid during the first two quarters of 2016 will be $0.40 per share compared to $0.36 per share in 2015, an increase of 11.1%.
Franklin Financial Announces Stock Repurchase Program
PR Newswire - Mon Apr 18, 9:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that its Board of Directors has authorized the repurchase of up to $350,000 in shares of its $1.00 par value common stock during each calendar quarter through March 31, 2017. The repurchases are authorized to be made in open market or privately negotiated transactions. The specific prices, numbers of shares and timing of purchase transactions will be determined by the Corporation from time to time in its sole discretion.
Franklin Financial, F&M Trust appointment director
M2 - Wed Feb 10, 6:29AM CST
Board of directors of Franklin Financial Services Corporation (OTCQX: FRAF), the bank holding company of F&M Trust, has appointed Timothy G. Henry a director of Franklin Financial Services Corporation and of F&M Trust, the company said. As a class A director of the corporation, he will serve a term to expire at the annual meeting of shareholders in 2017. As previously announced, he became president of Franklin Financial and F&M Trust effective February 1, 2016. Franklin Financial is an independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1.0 billion. Its wholly owned subsidiary, F&M Trust, has 22 community banking offices.
Franklin Financial, F&M Trust Announce Appointment of Tim Henry as Director
PR Newswire - Tue Feb 02, 3:20PM CST
The Board of Directors of Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that Timothy G. Henry has been appointed a Director of Franklin Financial Services Corporation and of F&M Trust effective February 1, 2016. As a Class A Director of the Corporation, Mr. Henry will serve a term to expire at the annual meeting of shareholders in 2017.
Franklin Financial reports Q4 2015 earnings of USD2.2m
M2 - Tue Feb 02, 12:34PM CST
Franklin Financial Services Corporation (OTCQX: FRAF), the bank holding company of F&M Trust, reported earnings of USD2,267,000 for the fourth quarter ended December 31, 2015, representing a 22.7 percent increase when compared to fourth quarter 2014 earnings of USD1,847,000, and a slight decrease when compared to third quarter 2015 earnings of USD2,579,000, the company said. Net income for the year was USD10,204,000 compared with USD8,402,000 for 2014, an increase of 21.4 percent. Earnings for 2015 were enhanced by two nonrecurring events that increased noninterest income by USD899,000 (pretax) and a USD250,000 reduction of a deferred tax valuation allowance related to capital losses. Net income for 2015 adjusted for the nonrecurring events and valuation allowance reduction was approximately USD9,361,000, which represents an increase of 11.4 percent over 2014. On a per share basis, diluted earnings were USD0.53 for the quarter ended December 31, 2015 and USD2.40 for the year, compared to USD0.44 and USD2.00 for the same periods in 2014. Total assets at December 31, 2015 were USD1.035 billion, a 3.4 percent increase when compared with total assets of USD1.001 billion at December 31, 2014. Total deposits increased 4.2 percent to USD918.5 million, and net loans increased 7.6 percent to USD771.9 million. The market value of trust assets under management decreased slightly to USD586.7 million. Franklin Financial is a large independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1.0 billion. Its wholly owned subsidiary, F&M Trust, has 22 community banking offices.
Franklin Financial Services Corporation to Webcast, Live, at OTCQX Banks Virtual Investor Conference February 4
PR Newswire - Mon Feb 01, 7:00AM CST
Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual conference at VirtualInvestorConferences.com
Franklin Financial announces 11.8% higher dividend of USD0.19 per share for Q1 2016 year over year
M2 - Mon Feb 01, 4:51AM CST
Franklin Financial Services Corporation's (OTCMKTS:FRAF) released on Friday a regular cash dividend of USD0.19 per share for the first quarter of 2016.
Franklin Financial Declares First Quarter Dividend
PR Newswire - Fri Jan 29, 1:00PM CST
The Board of Directors of Franklin Financial Services Corporation declared a $0.19 per share regular cash dividend for the first quarter of 2016, matching the regular quarterly cash dividend paid in the fourth quarter of 2015. This compares to a $0.17 per share regular cash dividend for the first quarter of 2015, representing an 11.8% increase.
OTC Markets Group Announces Agenda for February 4th OTCQX Banks Virtual Investor Conference
PR Newswire - Thu Jan 28, 3:22PM CST
Individual and institutional investors invited to log on and ask questions directly to bank CEOs and their senior executives
Franklin Financial Reports 2015 Earnings
PR Newswire - Tue Jan 26, 8:00AM CST
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,267,000 for the fourth quarter ended December 31, 2015. This represents a 22.7% increase when compared to fourth quarter 2014 earnings of $1,847,000, and a slight decrease when compared to third quarter 2015 earnings of $2,579,000. Net income for the year was $10,204,000 compared with $8,402,000 for 2014, an increase of 21.4%. Earnings for 2015 were enhanced by two nonrecurring events that increased noninterest income by $899,000 (pretax) and a $250,000 reduction of a deferred tax valuation allowance related to capital losses. Net income for 2015 adjusted for the nonrecurring events and valuation allowance reduction was approximately $9,361,000, which represents an increase of 11.4% over 2014.
Franklin Financial, F&M Trust name new president
M2 - Mon Dec 28, 6:43AM CST
Board of directors of Franklin Financial Services Corporation (OTCQX: FRAF), bank holding company of F&M Trust, said it has named Timothy Henry as the bank's president, effective February 1, 2016. William E. Snell, Jr., who has served as President and CEO since 1995, will continue as CEO and a member of the board of directors. Henry will be based at the bank's corporate headquarters in Chambersburg, PA. Henry has extensive experience in commercial lending, loan workout, retail management, private banking, trust and investment services, operations, risk management and compliance. Most recently, he served as senior vice president and commercial executive in Washington County, MD, for Susquehanna Bank and BB&T since 2013. Franklin Financial is a large independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than USD1 billion. Its wholly owned subsidiary, F&M Trust, has twenty-two community banking offices
Franklin Financial, F&M Trust Announces New President
PR Newswire - Thu Dec 17, 2:24PM CST
The Board of Directors of Franklin Financial Services Corporation, the bank holding company of F&M Trust, announced that Timothy Henry will become the Bank's President, effective February 1, 2016. William E. Snell, Jr., who has served as President and CEO since 1995, will continue as CEO and a member of the Board of Directors. Henry will be based at the Bank's corporate headquarters in Chambersburg, PA.
Franklin Financial reports 7.0% growth in net income for Q3 2015 and announces USD0.19 per share dividend for Q4 2015
M2 - Wed Oct 28, 4:45AM CDT
Franklin Financial Services Corporation (OTCQX:FRAF) on Tuesday reported for the third quarter ended 30 September 2015 earnings of USD2.6m or USD0.61 diluted earnings per share, a 7.0% increase compared to earnings of USD2.4m or USD0.57 diluted earnings per share in the third quarter 2014.
Franklin Financial Reports Earnings Growth; Declares Dividend
PR Newswire - Tue Oct 27, 11:00AM CDT
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $2,579,000 for the third quarter ended September 30, 2015. This represents a 7.0% increase when compared to third quarter 2014 earnings of $2,410,000, and a 4.2% increase when compared to second quarter 2015 earnings of $2,474,000. Net income for the first nine months of 2015 was $7,937,000 compared with $6,555,000 for the same period in 2014, an increase of 21.1%. As reported earlier this year, first quarter 2015 earnings were enhanced by two nonrecurring events that increased noninterest income by $899,000. Adjusted net income for the first nine months of 2015 was $7,343,000, which represents an increase of 12.0% over the previous year.
