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Stock impact report

Franklin Financial Reports First Quarter 2024 Results; Declares Dividend [Yahoo! Finance]

Franklin Financial Services Corporation (FRAF) 
NASDAQ:AMEX Investor Relations: franklinfin.com
Company Research Source: Yahoo! Finance
of F&M Trust (the Bank) headquartered in Chambersburg, PA , reported its first quarter 2024 financial results. A summary of operating results as of or for the quarter ended March 31, 2024 follows: Net income for the first quarter of 2024 was $3.4 million compared to $3.5 million for the fourth quarter of 2023 (a decrease of 3.2%) and $3.3 million for the first quarter of 2023 (an increase of 2.1%). Diluted earnings per share were , and , for the respective periods. For the first quarter of 2024, the provision for credit losses was $452 thousand compared to $788 thousand for the fourth quarter of 2023 and $529 thousand for the first quarter of 2023. Total assets were $2.011 billion , exceeding $2.0 billion for the first time on a quarterly report. Total net loans increased 1.6% from December 31, 2023 Total deposits increased 1.4% from the end of 2023. At March 31, 2024 , borrowings from the Federal Reserve and Federal Home Loan Bank of Pittsburgh (FHLB) totaled $280.0 million Show less Read more
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