FRAF Franklin Financial Services Corp.

Franklin Financial Services Corp. is a bank holding company, which engages in financial services and offers traditional banking. It offers commercial and retail financial services, including the taking of time, savings and demand deposits, the making of commercial, consumer and mortgage loans, and the providing of safe deposit services. The company also performs personal, corporate, pension and fiduciary services through its Investment and Trust Services Department and Personal Investment Center. Franklin Financial Services was founded on June 1, 1983 and is headquartered in Chambersburg, PA.

Company profile

Ticker

FRAF

Exchange

NASDAQ

Website

www.franklinfin.com

CEO

Timothy G. Henry

Incorporated in

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Northern Trust • M&T Bank • State Street • Ally Financial • Popular • First Citizens BancShares • East West Bancorp • Commerce Bancshares ...

SEC CIK

0000723646

Corporate docs

Articles of Incorporation & Bylaws

IRS number

251440803

FRAF stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

11 May 20

8 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart FRAF financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	11.67M	12.13M	12.72M	12.4M
Net income	1.72M	4.4M	4.5M	3.98M
Diluted EPS	0.39	1.01	1.03	0.9
Net profit margin	14.74%	36.23%	35.36%	32.14%
Net change in cash	-30.48M	-66.31M	67.69M	35.41M
Cash on hand	53.35M	83.83M	150.13M	82.45M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	49.24M	44.87M	39.89M	36.98M
Net income	16.12M	6.13M	2.18M	8.09M
Diluted EPS	3.67	1.39	0.5	1.88
Net profit margin	32.73%	13.65%	5.46%	21.87%
Net change in cash	30.87M	-5.65M	21.94M	-2.5M
Cash on hand	83.83M	52.96M	58.6M	36.67M

Financial data from company earnings reports

Recent insider trades

FRAF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 20	Kevin W Craig	Common Stock	Buy	Aquire P	No	24.14	145	3.5K	3,028
1 Jul 20	Gregory A Duffey	Common Stock	Buy	Aquire P	No	24.14	41	989.74	7,080
1 Jul 20	Steven D Butz	Employee Stock Option Common Stock	Grant	Aquire A	No	24.19	406	9.82K	10,756
1 Jul 20	Karen K Carmack	Common Stock	Buy	Aquire P	No	24.14	1	24.14	1,426
1 Jul 20	Karen K Carmack	Employee Stock Option Common Stock	Grant	Aquire A	No	24.19	315	7.62K	6,690
1 Jul 20	Ronald L Cekovich	Common Stock	Buy	Aquire P	No	24.14	4	96.56	7,602
1 Jul 20	Ronald L Cekovich	Employee Stock Option Common Stock	Grant	Aquire A	No	24.19	347	8.39K	6,722

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

FRAF institutional ownership history Ownership history

20.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	40	41	-2.4%
Opened positions	2	3	-33.3%
Closed positions	3	4	-25.0%
Increased positions	15	16	-6.3%
Reduced positions	11	7	+57.1%

13F shares	Current	Prev Q	Change
Total value	59.15M	72.67M	-18.6%
Total shares	877.3K	886.46K	-1.0%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK BlackRock	218.07K	$5.99M	+1.4%
Vanguard	110.17K	$3.02M	+5.0%
Banc Funds	90.9K	$2.5M	0.0%
STT State Street	58.34K	$1.6M	-0.9%
Geode Capital Management	52.86K	$1.45M	+5.3%
Cutler Capital Management	51.69K	$1.42M	0.0%
NTRS Northern Trust	45.68K	$1.25M	+1.9%
Logan Capital Management	40.55K	$1.11M	-7.3%
M3F	32.54K	$893K	-49.7%
RY Royal Bank of Canada	23.04K	$633K	+3.7%

Largest transactions	Shares	Bought/sold	Change
M3F	32.54K	-32.16K	-49.7%
Panagora Asset Management	18.14K	+10.85K	+148.8%
Bridgeway Capital Management	9.4K	+9.4K	NEW
Nuveen Asset Management	0	-6.45K	EXIT
Vanguard	110.17K	+5.22K	+5.0%
WFC Wells Fargo & Company	10.3K	+4.65K	+82.2%
Logan Capital Management	40.55K	-3.2K	-7.3%
BLK BlackRock	218.07K	+3.05K	+1.4%
Dimensional Fund Advisors	8.41K	+3K	+55.4%
Geode Capital Management	52.86K	+2.64K	+5.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Real estate related loans are a significant portion of our loan portfolio.
The allowance for loan losses may prove to be insufficient to absorb inherent losses in our loan portfolio.
There is strong competition in the Bank’s primary market areas and its geographic diversification is limited.
Uncertainty about the future of LIBOR may adversely affect our business.
Our operational or security systems may experience interruption or breach in security, including cyber-attacks.
A large component of fee income is dependent on stock market values.
A large component of fee income is dependent on two deposit services.
A large percentage of certificates of deposit have short-term maturities.
Liquidity contingency funding is highly concentrated.
Our business and financial results could be impacted materially by adverse results in legal proceedings.
The Bank's ability to pay dividends to the Corporation is subject to regulatory limitations that may affect the Corporation’s ability to pay dividends to its shareholders.

Management Discussion

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Disclosure of the Corporation’s significant accounting policies is included in Note 1 to the consolidated financial statements. These policies are particularly sensitive requiring significant judgments, estimates and assumptions to be made by Management. Senior management has discussed the development of such estimates, and related Management Discussion and Analysis disclosure, with the Audit Committee of the Board of Directors.
Reported net income of $16.1 million ($3.67 per diluted share) for the year ended 2019, compared to $6.1 million ($1.39 per diluted share) for the year ended 2018.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Bad

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From filing 10-Q 2020 Q1