---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-24-000035"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:49:40.222662+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial Q1 net income $3.4M ($0.77 EPS); assets exceed $2B; NIM compressed to 2.88%

## Summary
- Net income of $3.4M ($0.77 diluted EPS) vs $3.3M ($0.75) in Q1 2023; QoQ down 3.2% from $3.5M.
- Total assets hit $2.011B, up 9.5% from year-end 2023; net loans +1.6%, deposits +1.4%.
- Net interest margin fell to 2.88% from 3.41% a year ago; provision for credit losses $452K.
- Declared Q2 dividend $0.32 per share, payable May 22, 2024 to holders of record May 2, 2024.
- Noninterest income up 29.9% YoY; expenses up 10.7% on higher salaries and data processing.

## SEC filing metadata
- accession: 0000723646-24-000035
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364624000035/0000723646-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364624000035/fraf-20240423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-24-000035
- JSON: https://secwatch.observer/filing/0000723646-24-000035.json
- Plain text: https://secwatch.observer/filing/0000723646-24-000035.txt

## Key facts
- Earnings Releases
  FRANKLIN FINANCIAL SERVICES CORP /PA/ reported the three months ended March 31, 2024 results: net income $3.4 million, EPS $0.77.
  - Period: the three months ended March 31, 2024
  - Net income: $3.4 million
  - EPS: $0.77
  - Result: reported results
  source text: Net income for the first quarter of 2024 was $3.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/723646/000072364624000035/0000723646-24-000035-index.htm

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