Franklin Financial Q1 net income rises

Franklin Financial Services

23/04/2026 21:40

Corrects provision for credit losses to $221,000 from $202,000 in Key Details table

Overview

US community bank's Q1 net income rose 69% yr/yr, with EPS up to $1.48

Net interest income grew 19% yr/yr, aided by loan growth and lower interest expense

Company raised quarterly dividend by 3% from prior year

Outlook

Company did not provide specific guidance or forecasts for the current or future periods

Result Drivers

NET INTEREST INCOME - Growth in net interest income was driven by a 13.6% increase in interest from the loan portfolio and a 19.2% decrease in interest expense, especially on deposits

NONINTEREST INCOME - Higher noninterest income reflected increased wealth management fees, gains on sale of loans, and life insurance proceeds

CREDIT LOSS PROVISION - Lower provision for credit losses on loans and unfunded commitments supported earnings growth

Company press release: ID:nPn4fgfGqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.48
Q1 Net Income
$6.64 mln
Q1 Net Interest Income
$18.52 mln
Q1 Provision for Credit Losses
$221,000


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Franklin Financial Services Corp is $59.00, about 4.7% above its April 22 closing price of $56.37

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)