secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
CIK:        0000723646
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000723646-23-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/0000723646-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000012/fraf-20230124x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723646-23-000012

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