Franklin Financial Network Reports First Quarter 2020 Results
FRANKLIN FINANCIAL NETWORK (FSB)
Last franklin financial network earnings: 1/21 04:18 pm
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US:NYSE Investor Relations:
franklinsynergybank.com/about
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Source: Business Wire
Loans Increase 6.2% and Core Deposits Increase 85.4% AnnualizedCompany Initiates COVID-19 Response, Benefiting Customers, Employees and CommunitiesStrategic Merger with FB Financial Corporation Scheduled to Close in Third Quarter 2020 FRANKLIN, Tenn.--(BUSINESS WIRE)--Franklin Financial Network, Inc. (the "Company") (NYSE: FSB), parent company of Franklin Synergy Bank (the "Bank"), reports a net loss of $1.1 million, or a loss of $0.08 per diluted common share, for the quarter-ended March 31, 2020, compared to a net loss of $4.6 million, or a loss of $0.31 per diluted common share, for the quarter-ended December 31, 2019, and compared to a net income of $2.9 million, or $0.19 per diluted common share, for the quarter-ended March 31, 2019.On a non-GAAP basis, net income excluding non-core revenues and non-core expenses (“core net income”) for the quarter-ended March 31, 2020 was a loss of $0.7 million, or a loss of $0.04 per diluted common share, compared to a loss of $4.1 million,
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