secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
CIK:        0000723646
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000723646-24-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Financial Q3 net income $4.2M ($0.95 EPS), up 9.3% YoY; dividend $0.32; expects $3.4M after-tax loss in Q4
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- Q3 2024 net income $4.2M ($0.95 diluted EPS) vs $3.9M ($0.88) in Q3 2023, up 9.3%.
- Total assets $2.151B (+17.2% YTD); net loans $1.348B (+8.7%); deposits $1.723B (+12.1%).
- Net interest margin 2.97% in Q3, down from 3.29% a year ago; ROA YTD 0.69% vs 0.78%.
- Board declared $0.32 regular quarterly dividend, payable Nov 27 to holders of record Nov 1.
- Subsequent to quarter end, sold $46.7M low-yield securities; expects $3.4M after-tax loss in Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723646/000072364624000063/0000723646-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723646/000072364624000063/fraf-20241022x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723646-24-000063

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