Capital generation remains healthy, with $6.6 million in 2026Q1 net income supporting a disciplined dividend policy and tactical liquidity management through $17.2 million in securities sales.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 40.71M | 25.44M | 21.75M | 26.57M | 25.24M | 26.35M | 6.43M | 18.97M | 9.3M | 16.25M | 14.86M | 13.29M | 14.36M | 15.4M | 10.56M | 15.09M | 12.36M | 8.62M | 11.05M | 14.99M | 6.72M | 12.9M | 12.97M | 376K | 6.6M | 8.89M | 5.14M | 6M | 4.98M | 16.17M | 19.48M |
| Operating CF Growth % | 266.18% | 16.95% | -18.11% | 5.23% | -4.19% | 309.46% | -66.07% | 103.89% | -42.76% | 9.4% | 11.78% | -7.43% | -6.76% | 45.8% | -30.01% | 22.09% | 43.43% | -22.01% | -26.29% | 123.15% | -47.93% | -0.52% | 3348.4% | -94.3% | -25.75% | 73.03% | -14.35% | 20.43% | -69.19% | -17% | 10.55% |
| Net Income | 23.94M | 21.23M | 11.1M | 13.6M | 14.94M | 19.62M | 12.8M | 16.11M | 6.13M | 2.18M | 8.09M | 10.2M | 8.4M | 6.23M | 5.37M | 6.57M | 7.61M | 6.58M | 8.6M | 9.26M | 7.57M | 6.11M | 5.19M | 5.84M | 5.57M | 5.59M | 5.01M | 5.1M | 4.8M | 4.36M | 4.13M |
| Depreciation & Amortization | 2.12M | 2.15M | 2.09M | 2.02M | 1.44M | 1.2M | 1.33M | 1.37M | 1.33M | 1.38M | 1.4M | 1.54M | 1.98M | 1.96M | 1.97M | 2.09M | 1.92M | 2.04M | 2.48M | 1.49M | 1.5M | 1.63M | 1.91M | 2.06M | 1.65M | 989K | 938K | 1M | 761K | 775K | 741K |
| Deferred Taxes | 0 | -751K | -473K | 1.14M | 1.17M | 90K | -1.95M | 1.88M | -1K | -831K | -832K | -111K | 294K | 348K | 367K | -91K | -240K | -742K | 246K | -56K | 138K | -391K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 13.89M | 1.18M | 6.71M | 6.4M | 7.55M | 3.43M | -1.04M | -1.88M | 3.31M | 12.65M | 6.56M | 2.45M | 2.5M | 4.77M | 524K | 6.58M | 3.29M | 3.78M | 3.3M | 668K | 23.58M | 5.55M | 5.62M | -7.69M | 314K | 789K | 256K | 300K | -223K | 11.56M | 14.64M |
| Working Capital Changes | 699K | 821K | 1.69M | 2.93M | -313K | 1.8M | -4.9M | 1.47M | -1.65M | 717K | -451K | -866K | 1.18M | 2.08M | 2.33M | -61K | -224K | -3.08M | -3.68M | 3.63M | -26.07M | 1K | 241K | 168K | -935K | 1.52M | -1.06M | -400K | -361K | -522K | -21K |
| Cash from Investing | -62.07M | -107.02M | -184.37M | -178.27M | -95.06M | -133.94M | -277.31M | -23.48M | -47.49M | -32.24M | -102.67M | -49.17M | -12.94M | -3.56M | -4.51M | -33.56M | 12.26M | -60.82M | -97.77M | -23.18M | -57.02M | -52.81M | -26.41M | -9.96M | -35.21M | -35.76M | -16.89M | -33M | -57.93M | -26.9M | -41.63M |
| Purchase of Investments | -1.2M | 0 | -136.27M | -50.25M | -87.21M | -215.59M | -240.7M | -104.83M | -30.18M | -8.6M | -985K | -21.69M | -41.22M | -69.1M | -43.67M | -37.56M | -28.12M | -43.01M | -42.45M | -85.72M | -77.88M | -55.07M | -53.27M | -44.45M | -57.73M | -86.88M | -39.14M | -107.2M | -72.08M | -50.57M | -62.17M |
| Sale/Maturity of Investments | 70.06M | 72.65M | 97.23M | 72.41M | 60.55M | 71.25M | 41.68M | 49.52M | 22.84M | 23.63M | 29.22M | 31.5M | 30.79M | 37.37M | 35.28M | 31.48M | 55.03M | 49.13M | 56.09M | 108.89M | 53.89M | 51M | 40.82M | 53.55M | 41.1M | 64.9M | 46.22M | 101M | 54.66M | 23.97M | 24M |
| Net Investment Activity | 68.86M | 72.65M | -39.03M | 22.16M | -26.66M | -144.34M | -199.01M | -55.3M | -7.34M | 15.03M | 28.23M | 9.82M | -10.43M | -31.73M | -8.39M | -6.08M | 26.91M | 6.12M | 13.64M | 23.16M | -23.98M | -4.08M | -12.45M | 9.1M | -16.62M | -21.99M | 7.08M | -6.2M | -17.42M | -26.61M | -38.17M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.1M | 0 | -7.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -111.92M | -178.81M | -142.76M | -199.92M | -56.18M | 19.21M | -77.82M | 33.48M | -38.99M | -46.15M | -130.32M | -57.94M | -2.17M | 28.7M | 6.18M | -26.74M | -12.53M | -65.42M | -107.74M | -44.27M | -23.43M | -48.27M | -12.98M | -18.12M | -17.35M | -10.75M | -21.5M | -26.1M | -40.51M | -290K | -3.46M |
| Cash from Financing | 7.17M | 5.69M | 343.08M | 109.94M | -40.44M | 225.59M | 244.2M | 35.39M | 32.54M | 37.93M | 85.31M | 26.45M | 6.43M | -48.93M | 37.64M | 30.51M | -35.76M | 68.74M | 77.95M | 11.53M | 47.72M | 54.44M | 8.04M | 10.63M | 26.64M | 25.64M | 14.41M | 17.6M | 66.25M | 11.31M | 17.76M |
| Dividends Paid | -5.91M | -5.84M | -5.63M | -5.59M | -5.66M | -5.52M | -5.23M | -5.12M | -4.6M | -4.03M | -3.52M | -3.14M | -2.85M | -2.81M | -3.17M | -4.27M | -4.19M | -4.14M | -4.1M | -3.96M | -3.56M | -3.2M | -2.95M | -2.74M | -3.19M | -2.35M | -2.11M | -3M | -3.6M | -1.57M | -1.5M |
| Share Repurchases | -1.37M | -1.1M | -827K | -2.39M | -3.33M | -1.19M | -1.17M | -3.85M | -88K | 0 | -795K | 0 | 0 | 0 | 0 | 0 | 0 | -160K | -1.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.28M | -2.68M |
| Stock Issued | 1.1M | 1.51M | 1.75M | 1.35M | 1.42M | 2.39M | 1.84M | 1.32M | 1.42M | 991K | 1.67M | 1.25M | 923K | 926K | 1.17M | 30K | 959K | 779K | 751K | 0 | 0 | 0 | 144K | 285K | 0 | 0 | 0 | 0 | 172K | 321K | 200K |
| Net Stock Activity | -265K | 407K | 922K | -1.04M | -1.92M | 1.2M | 665K | -2.53M | 1.33M | 991K | 876K | 1.25M | 923K | 926K | 1.17M | 30K | 959K | 619K | -454K | 0 | 0 | 0 | 144K | 285K | 0 | 0 | 0 | 0 | 172K | -963K | -2.48M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 0 | -1000K | 1000K | 0 | -1000K | -7K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 22.34M | 20.13M | 277.79M | -13.42M | -32.86M | 229.92M | 229.22M | 43.03M | 37.23M | 66.23M | 65.36M | 29.59M | 21.68M | -46.11M | 87.63M | 55.36M | -4.03M | 111.02M | 21.06M | 10.98M | 32.52M | 56.9M | 27.46M | 544K | 17.84M | -3.17M | 23.9M | 6.6M | 17.65M | 7.5M | 10.75M |
| Net Change in Cash | -14.18M | -75.89M | 180.47M | -41.76M | -110.25M | 118M | -26.68M | 30.87M | -5.65M | 21.94M | -2.5M | -9.43M | 7.85M | -37.09M | 43.69M | 12.04M | -11.14M | 16.54M | -8.78M | 3.34M | -2.59M | 14.53M | -5.41M | 1.04M | -1.97M | -1.23M | 2.65M | -9.3M | 13.3M | 591K | -4.38M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 127.72M | 203.61M | 23.14M | 64.9M | 175.15M | 57.15M | 83.83M | 52.96M | 58.6M | 36.66M | 39.17M | 48.59M | 40.74M | 77.83M | 34.14M | 22.11M | 33.25M | 16.71M | 25.49M | 22.15M | 24.74M | 10.21M | 15.62M | 14.57M | 16.54M | 17.77M | 15.12M | 24.4M | 11.11M | 10.52M | 14.9M |
| Cash at End | 210.78M | 127.72M | 203.61M | 23.14M | 64.9M | 175.15M | 57.15M | 83.83M | 52.96M | 58.6M | 36.66M | 39.17M | 48.59M | 40.74M | 77.83M | 34.14M | 22.11M | 33.25M | 16.71M | 25.49M | 22.15M | 24.74M | 10.21M | 15.62M | 14.57M | 16.54M | 17.77M | 15.1M | 24.41M | 11.11M | 10.52M |
| Interest Paid | 23.04M | 0 | 43.1M | 19.46M | 4.75M | 3M | 4.23M | 6.87M | 4.17M | 2.46M | 2.25M | 2.42M | 3.24M | 4.5M | 7.1M | 9.35M | 12.97M | 14.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 1.39M | 0 | 1.86M | 1.34M | 88K | 3.05M | 4.37M | 250K | 250K | 3.96M | 2.1M | 3.02M | 907K | 725K | 0 | 2.42M | 4.1M | 2.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 39.98M | 24.58M | 19.19M | 26.07M | 13.03M | 17.54M | 5.95M | 17.31M | 8.14M | 15.13M | 14.28M | 12.25M | 14.01M | 14.87M | 8.26M | 14.35M | 10.24M | 7.09M | 8.48M | 12.91M | 4.67M | 12.43M | 11.98M | -570K | 5.36M | 5.88M | 2.66M | 5.3M | 4.98M | 16.17M | 19.48M |
| FCF Growth % | 87.5% | 28.08% | -26.39% | 100.11% | -25.74% | 194.77% | -65.63% | 112.68% | -46.21% | 6% | 16.56% | -12.58% | -5.78% | 79.96% | -42.4% | 40.15% | 44.27% | -16.29% | -34.35% | 176.5% | -62.44% | 3.74% | 2202.46% | -110.64% | -8.81% | 120.77% | -49.77% | 6.38% | -69.19% | -17% | 10.55% |
Geographic concentration in PA
According to reported financial statements, FRAF has consistently generated positive net income, reaching $6.6 million in 2026Q1, which provides a stable foundation for organic capital growth and supports the bank's ability to maintain its fortress-like balance sheet while funding ongoing regional lending operations.
The bank's ability to convert net income into tangible capital is evident in its consistent dividend payments and modest share buyback activity. This internal capital generation appears sufficient to support current growth initiatives without necessitating external equity issuance, thereby preserving shareholder value.
Based on quarterly cash flow data, FRAF has actively managed its investment securities portfolio, frequently realizing proceeds from sales that exceeded $17 million in 2026Q1, which suggests a tactical approach to liquidity management and interest rate positioning within the bank's broader asset-liability framework.
The significant variance in investment purchases, particularly the $116.7 million outflow in 2024Q4, indicates that management periodically rebalances the portfolio to optimize yield or duration. Investors should monitor whether these fluctuations represent opportunistic trading or a defensive response to shifting interest rate expectations.
As reported in recent filings, FRAF maintains a consistent dividend payout policy, with quarterly distributions holding steady at approximately $1.5 million, complemented by modest share repurchases that suggest a disciplined approach to returning excess capital to shareholders without compromising the bank's regulatory capital buffers.
The stability of dividend payments throughout the observed period reflects a conservative capital allocation philosophy that prioritizes long-term shareholder returns. While buybacks remain relatively small, they indicate management's confidence in the bank's valuation and its ability to sustain capital levels despite potential economic headwinds.
Based on the provided cash flow data, the bank's provision for credit losses has exhibited notable volatility, peaking at $1.2 million in 2025Q3 before moderating to $221,000 in 2026Q1, which may indicate a proactive adjustment to evolving credit risk profiles within the local agricultural and commercial sectors.
This fluctuation in provisioning suggests that management is actively utilizing CECL-based modeling to account for localized economic uncertainties. The recent moderation in provisions warrants further investigation to determine if it reflects an improved credit outlook or a shift in the bank's underlying risk appetite.
Quick answers to the most common questions about buying FRAF stock.
Franklin Financial Services Corporation (FRAF) generated $25.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Franklin Financial Services Corporation (FRAF) generated $24.6M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Franklin Financial Services Corporation (FRAF) spent $0.9M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Franklin Financial Services Corporation (FRAF) returned $5.8M to shareholders via cash dividends and spent $1.1M on share repurchases. This shows the company's commitment to returning capital to its equity investors.