Franklin Financial Services Corporation (FRAF)

FRAF Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	70.93	58.28	41.93	37.99	39.19	43.89
Interest Income on Investments	25.18	18.49	14.52	9.58	6.75	5.35
Total Interest Income	96.11	76.76	56.45	47.57	45.94	49.24
Interest Paid on Deposits	27.56	18.84	3.82	1.85	3.55	7.08
Interest Paid on Borrowings	12.23	4.28	1.05	1.05	0.43	0.04
Total Interest Expense	39.79	23.13	4.86	2.9	3.98	7.11
Net Interest Income	56.32	53.64	51.59	44.67	41.96	42.12
Net Interest Income Growth (YoY)	3.64%	3.98%	15.48%	6.46%	-0.38%	3.61%
Trust Income	8.3	7.51	7.15	7.11	6.04	6.14
Gain (Loss) on Sale of Assets	-	-	-	1.78	-	0.6
Gain (Loss) on Sale of Investments	0.27	-1.1	-0.16	0.22	-0.02	0.32
Other Non-Interest Income	6.03	5.75	4.96	5.4	5.55	5.23
Total Non-Interest Income	17.48	14.85	15.25	19.19	15.08	15.42
Non-Interest Income Growth (YoY)	21.56%	-2.62%	-20.54%	27.24%	-2.20%	22.13%
Revenues Before Loan Losses	73.79	68.49	66.84	63.86	57.05	57.55
Provision for Loan Losses	2.27	2.72	0.65	-2.1	4.63	0.24
Revenue	71.52	65.76	66.19	65.96	52.42	57.31
Revenue Growth (YoY)	8.15%	-0.64%	0.34%	25.84%	-8.53%	32.26%
Salaries and Employee Benefits	31.17	28.21	28.2	25.4	22.55	22.14
Occupancy Expenses	3.62	3.42	2.86	2.57	2.68	2.73
Federal Deposit Insurance	1.52	0.85	0.74	0.74	0.46	0.1
Selling, General & Administrative	11.86	11.03	10.94	9.19	8.3	7.62
Other Non-Interest Expense	7.03	6.5	5.96	5.35	5.38	5.72
Total Non-Interest Expense	55.2	50.01	48.69	43.25	39.36	38.31
EBT Excluding Unusual Items	16.32	15.75	17.5	22.72	13.06	19
Other Unusual Items	0.5	-	-	-	-	-
Pretax Income	16.82	15.75	17.5	23.01	13.06	19
Income Tax Expense	2.73	2.16	2.56	3.4	0.26	2.88
Net Income	14.08	13.6	14.94	19.62	12.8	16.12
Net Income to Common	14.08	13.6	14.94	19.62	12.8	16.12
Net Income Growth	1.73%	-8.97%	-23.85%	53.25%	-20.57%	163.10%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-0.13%	-1.44%	0.11%	1.69%	-0.68%	-0.18%
EPS (Basic)	3.21	3.11	3.38	4.44	2.94	3.68
EPS (Diluted)	3.20	3.10	3.36	4.42	2.93	3.67
EPS Growth	1.58%	-7.74%	-23.98%	50.85%	-20.16%	164.03%
Dividend Per Share	1.280	1.280	1.280	1.250	1.200	1.170
Dividend Growth	0%	0%	2.40%	4.17%	2.56%	11.43%
Effective Tax Rate	16.25%	13.68%	14.62%	14.76%	1.98%	15.16%

Source: S&P Capital IQ. Banks template. Financial Sources.