---
schema_version: "secwatch.filing_event.v1"
accession: "0000723646-24-000059"
form_type: "8-K"
ticker: "FRAF"
cik: "0000723646"
company_name: "FRANKLIN FINANCIAL SERVICES CORP /PA/"
filed_at: "2024-10-18T23:59:59+00:00"
generated_at: "2026-05-30T12:54:25.267904+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Franklin Financial completes $46.7M portfolio repositioning, declares $0.32 quarterly dividend

## Summary
- Sold $46.7M in low-yield U.S. Treasuries (avg yield 1.26%) for $3.4M after-tax loss; expects recovery in ~2.3 years.
- Used $42.4M net proceeds to buy higher-yielding RMBS (avg yield 4.62%, life 7.56 yrs) classified as available-for-sale.
- Transaction has no impact on stockholders' equity or book value per share; bank remains well-capitalized.
- Declared Q4 2024 dividend of $0.32 per share, payable Nov 27 to holders of record Nov 1, unchanged from Q3.
- Company still expects full-year 2024 profit despite the loss; no dilution to equity.

## SEC filing metadata
- accession: 0000723646-24-000059
- form_type: 8-K
- ticker: FRAF
- cik: 0000723646
- company_name: FRANKLIN FINANCIAL SERVICES CORP /PA/
- filed_at: 2024-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723646/000072364624000059/0000723646-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723646/000072364624000059/fraf-20241018x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723646-24-000059
- JSON: https://secwatch.observer/filing/0000723646-24-000059.json
- Plain text: https://secwatch.observer/filing/0000723646-24-000059.txt

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