Franklin Financial Services: FRAF Investor Presentation – November 2022

Investor Presentation

Third Quarter 2022 Highlights

Forward Looking at Declarations

Certain statements appearing herein that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to one or more future periods, reflecting management’s current beliefs as to developments probable futures. , and use the words “may”, “will”, “expect”, “believe”, “estimate”, “anticipate”, or similar terms. Because forward-looking statements involve certain risks, uncertainties and other factors over which Franklin Financial Services Corporation has no direct control, actual results could differ materially from those contemplated by such statements. These factors include (but are not limited to) the following: general economic conditions, in particular with respect to the adverse impact of severe, widespread and ongoing disruptions caused by the spread of the coronavirus COVID-19 pandemic and the responses thereto, changes in interest rates, changes in the Company’s cost of funds, changes in government monetary policy, changes in government regulation and taxation of financial institutions, changes in the rate of inflation, changes in technology, increased competition in the Company’s market area and other factors.

We caution readers not to place undue reliance on these forward-looking statements. They only reflect management’s analysis at that date. The Company does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents that the Company files from time to time with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and all current reports. on Form 8-K.

CEO Comments

We were pleased to see the growth in outstanding loans and our net interest margin (NIM) during the third quarter, which resulted in an increase in net income when comparing the related quarters. Deposit balances have continued to grow, although we expect deposit growth to stabilize or even contract slightly. As we move forward, we will focus on our interest rate strategies to protect and enhance the NIM as we expect deposit rates to rise over the next four quarters.

We also focus on the effect that higher market interest rates are having on the accumulated other comprehensive income (AOCI) component of our balance sheet. Rising market interest rates produced a negative AOCI balance which affects book capital. Although the negative AOCI is not impacting our measures of regulatory capital and the Bank remains well capitalized by regulatory standards, we continue to monitor this position.

The third quarter of 2022 was also notable as the company completed its move to a new headquarters in Chambersburg and went live with Salesforce. Both should improve communication between team members for the ultimate benefit of our customers and shareholders.


Mission, Vision and Core Values

Mission statement

Offer the right financial solutions to people you know and trust.


We are committed to remaining independent by growing our bank to meet the growing needs of our customers, communities and shareholders. We will be the leader in financial services in the markets we serve.

Fundamental values

Employees, officers and directors are committed to the core values ​​of integrity, teamwork, excellence, responsibility and concern for our customers and the communities we serve.

Franklin Financial Overview

  • Franklin Financial, which was established in 1983, is a holding company headquartered in Franklin County, Pennsylvania.
  • Franklin Financial wholly-owned subsidiary, F&M Trust, was founded in Chambersburg, Pennsylvania in 1906
  • The Company’s total assets were $1.85 billion as of September 30, 2022
  • As of September 30, 2022, Franklin Financial reported $915.1 million in brokerage and trust assets under management
  • Franklin Financial shares trade on the Nasdaq Stock Market (NASDAQ: FRAF)

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Franklin Financial Services Company published this content on November 17, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 17, 2022 21:38:03 UTC.

Public now 2022


Sales 2021 66.3 million

Net income 2021 19.6 million

Net cash 2021 161M

PER 2021 ratio 7.49x
2021 performance 3.78%
Capitalization 140 million
140 million
EV / Sales 2020 1.40x
EV / Sales 2021 -0.22x
# of employees 280
Floating 89.1%


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Franklin Financial Services Corporation Technical Analysis Chart |  MarketScreener


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Tendencies Neutral Bullish Neutral

Evolution of the income statement


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