---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-23-000012"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:14:13.201877+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000723646-23-000012
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/0000723646-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/fraf-20230124x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-23-000012
- JSON: https://secwatch.observer/filing/0000723646-23-000012.json
- Plain text: https://secwatch.observer/filing/0000723646-23-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/0000723646-23-000012-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/0000723646-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.