Franklin Financial Services Corporation (FRAF) 10-Year Financial Performance & Capital Metrics

FRAF • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutFranklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to small and medium-sized businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits. The company also provides commercial real estate, construction and land development, agricultural, commercial and industrial, and residential mortgage loans, as well as installment and revolving loans to consumers; and secured and unsecured commercial and industrial loans, including accounts receivable and inventory financing, and commercial equipment financing. In addition, it offers various investment and trust services comprising estate planning and administration, corporate and personal trust fund management, pension, and profit sharing and other employee benefit funds management services, as well as custodial services; sells mutual funds, annuities, and insurance products; and offers safe deposit facilities and fiduciary services. Further, the company, through its subsidiary, Franklin Future Fund Inc., operates as a non-bank investment company that makes venture capital investments. It operates twenty-two community banking offices in Franklin, Cumberland, Fulton, and Huntingdon counties, Pennsylvania. Franklin Financial Services Corporation was founded in 1906 and is headquartered in Chambersburg, Pennsylvania.Show more

Net Interest Income $57M +6.0%
Total Revenue $114M +25.9%
Net Income $11M -18.4%
Return on Equity 8.02% -27.4%
Net Interest Margin 2.59% -11.4%
Efficiency Ratio 47.96% -11.1%
ROA 0.55% -28.5%
Equity / Assets 6.58% -8.5%
Book Value per Share 32.79 +8.7%
Tangible BV/Share 30.74 +9.4%
Debt/Equity 1.55 +32.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 48.0% efficiency ratio
✓Healthy dividend yield of 2.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.68%

5Y12.55%

3Y21.17%

TTM-

Profit (Net Income) CAGR

10Y2.82%

5Y-7.19%

3Y-17.29%

TTM11.28%

EPS CAGR

10Y2.35%

5Y-7.32%

3Y-17.19%

TTM10.06%

ROCE

10Y Avg8.77%

5Y Avg9.13%

3Y Avg8.39%

Latest4.84%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	32.18M	34.72M	37.37M	40.63M	42.1M	41.95M	44.65M	51.56M	53.58M	56.82M
NII Growth %	0.02%	0.08%	0.08%	0.09%	0.04%	-0%	0.06%	0.15%	0.04%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	34.55M	36.96M	39.86M	44.84M	49.21M	45.92M	47.55M	56.43M	76.71M	100.76M
Interest Expense	2.37M	2.25M	2.49M	4.21M	7.11M	3.98M	2.9M	4.86M	23.13M	43.94M
Loan Loss Provision	1.28M	3.77M	670K	9.95M	237K	4.63M	-2.1M	650K	2.72M	1.98M
Non-Interest Income+	11.89M	10.77M	11.26M	11.65M	13.83M	14.01M	16.43M	13.84M	13.67M	13.07M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	46.44M	47.73M	51.12M	56.5M	63.04M	59.94M	63.98M	70.27M	90.38M	113.83M
Revenue Growth %	0.03%	0.03%	0.07%	0.11%	0.12%	-0.05%	0.07%	0.1%	0.29%	0.26%
Non-Interest Expense	30.31M	32.32M	42.21M	36.37M	36.69M	38.27M	40.16M	47.26M	48.78M	54.59M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	12.47M	9.39M	5.74M	5.96M	19M	13.06M	23.01M	17.5M	15.75M	13.31M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.2%	-0.25%	-0.39%	0.04%	2.19%	-0.31%	0.76%	-0.24%	-0.1%	-0.15%
Pretax Income+	12.47M	9.39M	5.74M	5.96M	19M	13.06M	23.01M	17.5M	15.75M	13.31M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.27M	1.3M	3.56M	-165K	2.88M	258K	3.4M	2.56M	2.15M	2.22M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	10.2M	8.09M	2.18M	6.13M	16.11M	12.8M	19.62M	14.94M	13.6M	11.1M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.21%	-0.21%	-0.73%	1.81%	1.63%	-0.21%	0.53%	-0.24%	-0.09%	-0.18%
Net Income (Continuing)	10.2M	8.09M	2.18M	6.13M	16.11M	12.8M	19.62M	14.94M	13.6M	11.1M
EPS (Diluted)+	2.40	1.88	0.50	1.39	3.67	2.93	4.42	3.36	3.10	2.51
EPS Growth %	0.21%	-0.22%	-0.73%	1.78%	1.64%	-0.2%	0.51%	-0.24%	-0.08%	-0.19%
EPS (Basic)	2.40	1.88	0.50	1.40	3.68	2.94	4.44	3.38	3.11	2.51
Diluted Shares Outstanding	4.25M	4.3M	4.36M	4.4M	4.4M	4.37M	4.44M	4.45M	4.38M	4.41M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	39.17M	36.66M	58.6M	52.96M	92.57M	69.89M	185.64M	78.87M	29.37M	205.11M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	931.86M	1.03B	1.06B	1.09B	1.11B	1.4B	1.52B	1.52B	1.71B	1.89B
Investments Growth %	0.05%	0.1%	0.03%	0.03%	0.02%	0.26%	0.08%	0%	0.12%	0.1%
Long-Term Investments	772.39M	883.34M	932.72M	961.45M	925.09M	1B	987.05M	1.04B	1.24B	1.57B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	9.02M	9.02M	9.02M	9.02M	9.02M	9.02M	9.02M	9.02M	9.02M	9.02M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	14.76M	14.06M	13.74M	13.52M	18.98M	18.38M	23.95M	36.04M	33.22M	33.15M
Other Assets	35.73M	34.65M	32.96M	35.18M	32.06M	35.66M	35.02M	35.63M	38.55M	48.07M
Total Current Assets	198.64M	180.54M	185.57M	184.43M	280.01M	466.83M	715.45M	565.71M	501.87M	524.1M
Total Non-Current Assets	836.66M	946.9M	994.24M	1.03B	989.15M	1.07B	1.06B	1.13B	1.33B	1.67B
Total Assets+	1.04B	1.13B	1.18B	1.21B	1.27B	1.54B	1.77B	1.7B	1.84B	2.2B
Asset Growth %	0.03%	0.09%	0.05%	0.03%	0.05%	0.21%	0.16%	-0.04%	0.08%	0.2%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	0	24.27M	0	0	5.16M	24.89M	24.45M	25.77M	154.48M	223.96M
Net Debt	-39.17M	-12.39M	-58.6M	-52.96M	-87.41M	-45M	-161.2M	-53.11M	125.11M	18.85M
Long-Term Debt	0	0	0	0	0	19.55M	19.59M	19.62M	19.66M	219.7M
Short-Term Debt	0	24.27M	0	0	0	0	0	0	130M	681K
Other Liabilities	5.41M	4.56M	17.49M	8.56M	11.08M	10.4M	7.94M	8.17M	11.45M	13.52M
Total Current Liabilities	918.51M	1.01B	1.05B	1.08B	1.13B	1.35B	1.58B	1.55B	1.67B	1.82B
Total Non-Current Liabilities	5.41M	4.56M	17.49M	8.56M	16.24M	35.29M	32.38M	33.93M	35.92M	237.48M
Total Liabilities	923.92M	1.01B	1.06B	1.09B	1.14B	1.39B	1.62B	1.59B	1.7B	2.05B
Total Equity+	111.38M	116.49M	115.14M	118.4M	127.53M	145.18M	157.06M	114.2M	132.14M	144.72M
Equity Growth %	0.08%	0.05%	-0.01%	0.03%	0.08%	0.14%	0.08%	-0.27%	0.16%	0.1%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.07%	0.02%	0.05%	0.13%	0.09%	0.13%	0.11%	0.11%	0.08%
Book Value per Share	26.21	27.08	26.42	26.88	29.01	33.25	35.38	25.69	30.16	32.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	4.66M	4.69M	4.69M	4.7M	4.71M	4.71M	4.71M	4.71M	4.71M	4.71M
Additional Paid-in Capital	38.78M	39.75M	40.4M	41.53M	42.27M	42.59M	43.09M	43.53M	43.65M	43.79M
Retained Earnings	78.52M	83.08M	82.22M	83.95M	94.95M	102.52M	116.61M	125.89M	133.99M	139.46M
Accumulated OCI	-3.72M	-4.21M	-6.03M	-6.38M	-5.99M	3.19M	-547K	-51.29M	-40.94M	-35.51M
Treasury Stock	-6.86M	-6.81M	-6.13M	-5.4M	-8.41M	-7.83M	-6.8M	-8.65M	-9.27M	-7.74M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.29M	14.86M	16.25M	9.3M	18.97M	6.43M	26.35M	25.24M	26.57M	21.75M
Operating CF Growth %	-0.07%	0.12%	0.09%	-0.43%	1.04%	-0.66%	3.09%	-0.04%	0.05%	-0.18%
Net Income	10.2M	8.09M	2.18M	6.13M	16.11M	12.8M	19.62M	14.94M	13.6M	11.1M
Depreciation & Amortization	1.54M	1.4M	1.38M	1.33M	1.37M	1.33M	1.2M	1.44M	2.02M	2.09M
Deferred Taxes	-111K	-832K	-831K	-1K	1.88M	-1.95M	90K	1.17M	1.14M	-473K
Other Non-Cash Items	2.45M	6.56M	12.65M	3.31M	-1.88M	-1.04M	3.43M	7.55M	6.4M	6.71M
Working Capital Changes	-866K	-451K	717K	-1.65M	1.47M	-4.9M	1.8M	-313K	2.93M	1.69M
Cash from Investing+	-49.17M	-102.67M	-32.24M	-47.49M	-23.48M	-277.31M	-133.94M	-95.06M	-178.27M	-184.37M
Purchase of Investments	-21.69M	-985K	-8.6M	-30.18M	-104.83M	-240.7M	-215.59M	-87.21M	-50.25M	-136.27M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-57.94M	-130.32M	-46.15M	-38.99M	33.48M	-77.82M	19.21M	-56.18M	-199.92M	-142.76M
Cash from Financing+	26.45M	85.31M	37.93M	32.54M	35.39M	244.2M	225.59M	-40.44M	109.94M	343.08M
Dividends Paid	-3.14M	-3.52M	-4.03M	-4.6M	-5.12M	-5.23M	-5.52M	-5.66M	-5.59M	-5.63M
Share Repurchases	0	-795K	0	-88K	-3.85M	-1.17M	-1.19M	-3.33M	-2.39M	-827K
Stock Issued	1.25M	1.67M	991K	1.42M	1.32M	1.84M	2.39M	1.42M	1.35M	1.75M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	1000K	-1000K	0	0	1000K	0	0	1000K	1000K
Other Financing	29.59M	65.36M	66.23M	37.23M	43.03M	229.22M	229.92M	-32.86M	-13.42M	277.79M
Net Change in Cash+	-9.43M	-2.5M	21.94M	-5.65M	30.87M	-26.68M	118M	-110.25M	-41.76M	180.47M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	48.59M	39.17M	36.66M	58.6M	52.96M	83.83M	57.15M	175.15M	64.9M	23.14M
Cash at End	39.17M	36.66M	58.6M	52.96M	83.83M	57.15M	175.15M	64.9M	23.14M	203.61M
Interest Paid	2.42M	2.25M	2.46M	4.17M	6.87M	4.23M	3M	4.75M	19.46M	43.1M
Income Taxes Paid	3.02M	2.1M	3.96M	250K	250K	4.37M	3.05M	88K	1.34M	1.86M
Free Cash Flow+	12.25M	14.28M	15.13M	8.14M	17.31M	5.95M	17.54M	13.03M	26.07M	19.19M
FCF Growth %	-0.13%	0.17%	0.06%	-0.46%	1.13%	-0.66%	1.95%	-0.26%	1%	-0.26%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.5%	7.1%	1.88%	5.25%	13.11%	9.39%	12.98%	11.01%	11.04%	8.02%
Return on Assets (ROA)	1%	0.75%	0.19%	0.51%	1.3%	0.91%	1.19%	0.86%	0.77%	0.55%
Net Interest Margin	3.11%	3.08%	3.17%	3.36%	3.32%	2.73%	2.52%	3.03%	2.92%	2.59%
Efficiency Ratio	65.26%	67.72%	82.58%	64.37%	58.21%	63.86%	62.78%	67.26%	53.97%	47.96%
Equity / Assets	10.76%	10.33%	9.76%	9.79%	10.05%	9.46%	8.85%	6.72%	7.2%	6.58%
Book Value / Share	26.21	27.08	26.42	26.88	29.01	33.25	35.38	25.69	30.16	32.79
NII Growth	2.1%	7.89%	7.64%	8.73%	3.61%	-0.36%	6.45%	15.48%	3.91%	6.05%
Dividend Payout	30.76%	43.56%	185.25%	75.07%	31.74%	40.83%	28.16%	37.88%	41.15%	50.72%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Asset Management Fees	5.1M	5.5M	5.6M	6.5M	6.5M	6.89M	7.76M
Asset Management Fees Growth	-	7.84%	1.82%	16.07%	0.00%	5.98%	12.64%
Estate Management Services Fees	314K	365K	194K	454K	498K	295K	508K
Estate Management Services Fees Growth	-	16.24%	-46.85%	134.02%	9.69%	-40.76%	72.20%
Commision	282K	234K	212K	164K	169K	328K	270K
Commision Growth	-	-17.02%	-9.40%	-22.64%	3.05%	94.08%	-17.68%

Frequently Asked Questions

Valuation & Price

Franklin Financial Services Corporation (FRAF) has a price-to-earnings (P/E) ratio of 21.5x. This is roughly in line with market averages.

Growth & Financials

Franklin Financial Services Corporation (FRAF) grew revenue by 25.9% over the past year. This is strong growth.

Yes, Franklin Financial Services Corporation (FRAF) is profitable, generating $15.7M in net income for fiscal year 2024 (9.8% net margin).

Dividend & Returns

Yes, Franklin Financial Services Corporation (FRAF) pays a dividend with a yield of 2.36%. This makes it attractive for income-focused investors.

Franklin Financial Services Corporation (FRAF) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.

Industry Metrics

Franklin Financial Services Corporation (FRAF) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Franklin Financial Services Corporation (FRAF) has an efficiency ratio of 48.0%. This is excellent, indicating strong cost control.

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