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Stock impact report

Franklin Financial Reports 2024 Q2 and Year-to-Date 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 second quarter 2024 and year-to-date 2024 results. A summary of operating results follows: Net income for the second quarter of 2024 was $3.0 million per diluted share) compared to $3.4 million per diluted share) for the first quarter of 2024 (a decrease of 9.8%), and $3.0 million per diluted share) for the second quarter of 2023. Net income year-to-date for 2024 was $6.4 million per diluted share) compared to $6.3 million per diluted share) for the same period in 2023. The provision for credit losses was $546 thousand for the second quarter of 2024 compared to $452 thousand for the first quarter of 2024 and $532 thousand for the second quarter of 2023. Year-to-date, the provision expense was $1.0 million compared to $1.1 million for the same period in 2023. Total assets were $2.039 billion as of June 30, 2024 Total net loans increased $61.3 million (4.9%) to $1.301 billion at June 30, 2024 from $1.241 Show less Read more
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