secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN FINANCIAL SERVICES CORP /PA/ (FRAF)
CIK:        0000723646
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0000723646-25-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Financial Q4 net income plunges 86% to $0.11/sh on securities loss; full year down 18.4%
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- Q4 net income $487K ($0.11/diluted) vs $3.5M ($0.79) in Q4 2023, down 86% due to $3.4M after-tax loss on investment securities sold in portfolio restructuring.
- Full year 2024 net income $11.1M ($2.51/diluted) vs $13.6M ($3.10) in 2023, down 18.4%.
- Net loans up 11.2% to $1.380B; total deposits up 18.1% to $1.816B; total assets $2.198B, up 19.7% YoY.
- Net interest margin (NIM) for 2024 was 2.95% vs 3.31% in 2023; net interest income $57.5M, up 7.2%.
- Board declared $0.32 regular quarterly dividend, payable Feb 26, 2025; authorized repurchase of up to 150,000 shares through Dec 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723646/000072364625000013/0000723646-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723646/000072364625000013/fraf-20250128x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723646-25-000013

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