secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
CIK:        0000723646
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000723646-23-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Financial Q1 net income $3.3M ($0.75 EPS) up 9.3% YoY; NIM expands to 3.41%
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- Net income $3.3M ($0.75 diluted EPS) vs $3.0M ($0.67) in Q1 2022, +9.3% net income and +11.9% EPS.
- Net interest margin 3.41% vs 2.66% YoY; net interest income $12.8M vs $10.8M.
- Deposits down $49.3M (3.2%) from year-end; borrowed $50M from Fed BTFP for liquidity.
- Adopted CECL Jan 1; provision for credit losses $592K vs $0 in prior year quarter.
- Quarterly dividend $0.32 unchanged; 8,752 shares repurchased in Q1 under 150K share plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000032/0000723646-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000032/fraf-20230425x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723646-23-000032

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