---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-23-000068"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:10:40.191974+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial Q3 net income $3.9M ($0.88 EPS), down 16.7% YoY; loans up 14.9% YTD

## Summary
- Net income Q3 2023 $3.9M ($0.88 diluted EPS) vs $4.6M ($1.05) Q3 2022, -16.7%; Q2 2023 $3.0M.
- Provision for credit losses $875K in Q3 vs $524K Q2 2023 and $0 Q3 2022.
- Net loans +14.9% YTD to $1.19B; deposits +1.0% YTD; borrowings $110M (BTFP $70M, FHLB $40M).
- NIM 3.33% YTD vs 2.96% prior year; yield on earning assets +145bp, cost of funds +136bp.
- Declared $0.32 quarterly dividend, payable Nov 22; repurchased 83,058 shares YTD under 150K-share plan.

## SEC filing metadata
- accession: 0000723646-23-000068
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364623000068/0000723646-23-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364623000068/fraf-20231024x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-23-000068
- JSON: https://secwatch.observer/filing/0000723646-23-000068.json
- Plain text: https://secwatch.observer/filing/0000723646-23-000068.txt

## Key facts
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported third quarter of 2023 results: net income $3.9 million ($0.88 per diluted share), EPS $0.88 per diluted share.
  - Period: third quarter of 2023
  - Net income: $3.9 million ($0.88 per diluted share)
  - EPS: $0.88 per diluted share
  - Result: reported results
  source text: Net income for the third quarter of 2023 was $3.9 million ($0.88 per diluted share) compared to $3.0 million ($0.68 per diluted share) for the second quarter of 2023 (an increase of 22.9%), and $4.6 million ($1.05 per diluted share) for the third quarter of 2022 (a decrease of 16.7%).
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000068/0000723646-23-000068-index.htm
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported nine months ended September 30, 2023 results: net income Net income year-to-date for 2023 was $10.1 million ($2.31 per diluted share), EPS $2.31 per diluted share.
  - Period: nine months ended September 30, 2023
  - Net income: Net income year-to-date for 2023 was $10.1 million ($2.31 per diluted share)
  - EPS: $2.31 per diluted share
  - Result: reported results
  source text: Net income year-to-date for 2023 was $10.1 million ($2.31 per diluted share) compared to $11.2 million ($2.52 per diluted share) for the same period in 2022, a decrease of 9.7%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364623000068/0000723646-23-000068-index.htm

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