Franklin Financial Q4 EPS flat $0.84; full-year EPS $3.36, down 24%

FRANKLIN FINANCIAL SERVICES CORP /PA/

2022-FY EPS reported $3.36

Net income for 2022 was $14.9M ($3.36 diluted EPS) vs $19.6M ($4.42) in 2021, a 24% decrease.
Q4 2022 net income $3.7M ($0.84 EPS) flat vs $3.7M ($0.82) in Q4 2021.
Net interest income for 2022 $51.6M, up 15.5%; net interest margin expanded to 3.11% from 2.88%.
Provision for loan losses expense $650K in 2022 vs a $2.1M reversal in 2021; loan loss allowance ratio 1.35%.
Declared $0.32 quarterly dividend unchanged; authorized repurchase of up to 150,000 shares over 12 months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN FINANCIAL SERVICES CORP /PA/ reported Q4 2022 results: net income $3.7 million, EPS $0.84 per diluted share.

Period: Q4 2022
Net income: $3.7 million
EPS: $0.84 per diluted share
Result: reported results

Exact text from the filing

Franklin Financial Services Corporation (NASDAQ: FRAF), the bank holding company of F&M Trust (the Bank), reported consolidated earnings of $3.7 million ($0.84 per diluted share) for the fourth quarter ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN FINANCIAL SERVICES CORP /PA/ reported FY 2022 results: net income $14.9 million, EPS $3.36 per diluted share.

Period: FY 2022
Net income: $14.9 million
EPS: $3.36 per diluted share
Result: reported results

Exact text from the filing

Net income for 2022 was $14.9 million ($3.36 per diluted share) compared to $19.6 million ($4.42 per diluted share) for the same twelve-month period in 2021.

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Source: SEC EDGAR

accession 0000723646-23-000012

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