Franklin Financial Services Corp (OQ:FRAF)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 20 S Main St, P O Box 6010 CHAMBERSBURG PA 17201-0819 |
| Tel: | 1-717-2613553 |
| Website: | https://www.franklinfin.com |
| IR: | See website |
| Key People | ||
| Timothy G. Henry President and Chief Executive Officer of Company and F&M Trust, Director | Matthew D. Weaver Senior Vice President, Chief Marketing Officer, F&M Trust | Mark R. Hollar Chief Financial Officer, Executive Vice President, Treasurer |
| Steven D. Butz Senior Vice President and Chief Commercial Services Market Manager, F&M Trust | Karen K. Carmack Senior Vice President and Chief Human Resources Officer, F&M Trust | Charles B. Carroll Executive Vice President, Chief Operating Officer, F&M Trust |
| Scott D. Ehrig Senior Vice President, Chief Investment and Trust Services Manager, F&M Trust | Louis J. Guistini Senior Vice President, Chief Retail Services Manager, F&M Trust | Lorie M. Heckman Senior Vice President, Chief Risk Officer, F&M Trust | David M. Long Senior Vice President, Chief Technology Officer, F&M Trust |
| Business Overview |
| Franklin Financial Services Corporation is a bank holding company. The Company conducts substantially all of its business through its wholly owned direct banking subsidiary, Farmers and Merchants Trust Company of Chambersburg (the Bank). The Bank acts as an independent community financial services provider and offers traditional banking and related financial services to individual, business and government customers. Through its community offices and electronic banking applications, the Bank offers a range of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans, and the providing of safe deposit services. The Bank also performs personal, corporate, pension and fiduciary services through its Wealth Management Department. The Bank has approximately 22 community banking locations in Franklin, Cumberland, Fulton and Huntingdon Counties PA, and Washington County MD. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Franklin Financial Services Corp interest income increased 36% to $76.8M. Net interest income after loan loss provision remained flat at $50.9M. Net income decreased 9% to $13.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 6% to 3.31%, Loans including fees increase of 39% to $58.3M, Taxable interest increase of 49% to $14.8M. |
| Employees: | 306 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $224.11M as of Dec 31, 2023 |
| Annual revenue (TTM): | $76.76M as of Dec 31, 2023 |
| EBITDA (TTM): | $22.05M as of Dec 31, 2023 |
| Net annual income (TTM): | $13.60M as of Dec 31, 2023 |
| Free cash flow (TTM): | $20.47M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $90.16M as of Dec 31, 2023 |
| Shares outstanding: | 4,392,057 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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