secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
CIK:        0000723646
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000723646-23-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/0000723646-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723646/000072364623000048/fraf-20230725x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723646-23-000048

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