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Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides banking services to businesses, individuals, and governmental entities in Pennsylvania. It offers various deposit products, including demand deposits, savings, money management accounts, time deposits, and certificates of deposits. The company also provides commercial real estate, construction and land development, commercial and industrial, and residential mortgage loans, as well as installment and revolving loans; consumer loans comprising unsecured personal lines of credit and installment loans; and secured and unsecured commercial and industrial loans, including accounts receivable and inventory financing, and commercial equipment financing. In addition, it offers various trust services comprising estate planning and administration, corporate and personal trust fund management, pension, and profit sharing and other employee benefit funds management services, and custodial services, as well as non-trust related investment services; sells mutual funds, annuities, and insurance products; safe deposit; and pension and fiduciary services. Further, the company engages in non-bank investment activities, such as venture capital investments. The company was founded in 1906 and is headquartered in Chambersburg, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $87M | - | $21M | $25M | 12.1% | 25.1% | 91.2% |
| 2024 | $70M | - | $11M | $19M | 7.7% | 3.9% | -18.4% |
| 2023 | $67M | - | $14M | $26M | 10.3% | 2.8% | -9.0% |
| 2022 | $65M | - | $15M | $13M | 13.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 65.41 | 67.25 | 69.89 | 87.44 |
| Operating Revenue | - | 65.41 | 67.25 | 69.89 | 87.44 |
| Selling General And Administration | - | 30.74 | 31.74 | 36.35 | 39.03 |
| Interest Income | - | 56.43 | 76.71 | 100.76 | 113.59 |
| Interest Expense | - | 4.86 | 23.12 | 43.94 | 44.72 |
| Net Interest Income | - | 51.56 | 53.58 | 56.82 | 68.86 |
| Pretax Income | - | 17.50 | 15.75 | 13.32 | 26.27 |
| Tax Provision | - | 2.56 | 2.15 | 2.22 | 5.04 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.07 | 0 | 0 |
| Net Income Continuous Operations | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Net Income From Continuing And Discontinued Operation | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Net Income From Continuing Operation Net Minority Interest | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Net Income | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Net Income Common Stockholders | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Net Income Including Noncontrolling Interests | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Normalized Income | - | 14.94 | 14.03 | 11.10 | 21.23 |
| Diluted NI Availto Com Stockholders | - | 14.94 | 13.60 | 11.10 | 21.23 |
| Basic Average Shares | - | 4.42 | 4.37 | 4.43 | 4.48 |
| Diluted Average Shares | - | 4.44 | 4.38 | 4.43 | 4.48 |
| Reconciled Depreciation | - | 1.44 | 2.02 | 2.09 | 2.15 |
| Total Unusual Items | 1.78 | 0 | -0.50 | 0 | - |
| Total Unusual Items Excluding Goodwill | 1.78 | 0 | -0.50 | 0 | - |
| Special Income Charges | 1.78 | 0 | -0.50 | 0 | - |
| Other Special Charges | -1.78 | - | 0.50 | - | - |
| Gain On Sale Of Security | - | -0.16 | -1.10 | -4.06 | -0.01 |
| General And Administrative Expense | - | 28.83 | 29.66 | 34.46 | 37.31 |
| Other Gand A | 4.43 | - | - | - | - |
| Salaries And Wages | - | 28.09 | 28.81 | 32.75 | 35.33 |
| Insurance And Claims | - | 0.74 | 0.85 | 1.71 | 1.98 |
| Selling And Marketing Expense | - | 1.92 | 2.07 | 1.89 | 1.73 |
| Occupancy And Equipment | - | 4.07 | 4.40 | 4.58 | 4.78 |
| Professional Expense And Contract Services Expense | - | 2.20 | 2.30 | 2.13 | 2.52 |
| Other Non Interest Expense | - | 10.25 | 9.85 | 11.53 | 11.93 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Franklin Financial Services Corporationthis co. | FRAF | $261M | 12.28 | 1.49 | 12.1% | - |
| Fidelity D & D Bancorp, Inc. | FDBC | $273M | 9.67 | 1.14 | 11.8% | - |
| Western New England Bancorp, Inc. | WNEB | $266M | 17.40 | 1.07 | 6.2% | - |
| Open Lending Corporation | LPRO | $265M | -62.51 | 3.53 | -5.7% | 33.19 |
| Citizens, Inc. |
| 2021 | - | - | - | - | - | - | - |
| CIA |
| $259M |
| 17.74 |
| 1.10 |
| 6.2% |
| - |
| Ames National Corporation | ATLO | $258M | 13.58 | 1.24 | 9.2% | - |
| First National Corporation | FXNC | $256M | 14.47 | 1.38 | 9.5% | - |
| First United Corporation | FUNC | $256M | 10.45 | 1.26 | 12.0% | - |
| Security National Financial Corporation | SNFCA | $245M | 7.62 | 0.60 | 7.8% | - |
| Peer Median | - | 12.01 | 1.19 | 8.5% | 33.19 | |