---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-23-000048"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:36:32.637648+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial Q2 net income $3.0M ($0.68 EPS) down 16.8% YoY; loans up 9%

## Summary
- Net income Q2 2023: $3.0M ($0.68 diluted) vs Q2 2022: $3.6M ($0.80), down 16.8%.
- Net loans increased $93.7M (9.0%) to $1.131B from Dec 31, 2022.
- Deposits decreased $38.3M (2.5%) to $1.513B; cost of deposits rose to 1.16% in Q2.
- Q2 provision for credit losses on loans $524K vs $0 a year ago due to loan growth and CECL.
- Declared $0.32 quarterly dividend, payable Aug 23, 2023 to holders of record Aug 4.

## SEC filing metadata
- accession: 0000723646-23-000048
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/0000723646-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/fraf-20230725x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-23-000048
- JSON: https://secwatch.observer/filing/0000723646-23-000048.json
- Plain text: https://secwatch.observer/filing/0000723646-23-000048.txt

## Key facts
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported year-to-date 2023 results: net income $6.3 million, EPS $1.42 per diluted share.
  - Period: year-to-date 2023
  - Net income: $6.3 million
  - EPS: $1.42 per diluted share
  - Result: reported results
  source text: · Net income year-to-date 2023 was $6.3 million ($1.42 per diluted share) compared to $6.6 million ($1.47 per diluted share) for the same period in 2022, a decrease of 4.9%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/0000723646-23-000048-index.htm
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported the second quarter of 2023 results: net income $3.0 million, EPS $0.68 per diluted share.
  - Period: the second quarter of 2023
  - Net income: $3.0 million
  - EPS: $0.68 per diluted share
  - Result: reported results
  source text: · Net income for the second quarter of 2023 was $3.0 million ($0.68 per diluted share) compared to $3.3 million ($0.75 per diluted share) for the first quarter of 2023 (a decrease of 9.6%), and $3.6 million ($.80 per diluted share) for the second quarter of 2022 (a decrease of 16.8%).
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/0000723646-23-000048-index.htm

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