Franklin Financial Reports Second Quarter and Year-to-Date 2025 Results; Declares Dividend

Core Insights - Franklin Financial Services Corporation reported strong financial results for the second quarter and year-to-date 2025, with significant increases in net income and asset growth [1][5][12]. Financial Performance - Net Income: For Q2 2025, net income was $5.9 million ($1.32 per diluted share), a 94.8% increase from $3.0 million ($0.66 per diluted share) in Q2 2024 [5][11]. - Year-to-Date Net Income: For the first six months of 2025, net income reached $9.8 million ($2.20 per diluted share), up 53.7% from $6.4 million ($1.43 per diluted share) in the same period of 2024 [12]. - Net Interest Income: Q2 2025 net interest income was $17.2 million, a 21.3% increase from $14.2 million in Q2 2024 [5][11]. - Noninterest Income: Noninterest income for Q2 2025 totaled $5.1 million, up 17.3% from $4.4 million in Q2 2024 [5][11]. Balance Sheet Highlights - Total Assets: As of June 30, 2025, total assets were $2.287 billion, a 4.1% increase from $2.198 billion at year-end 2024 [3][5]. - Total Deposits: Total deposits increased to $1.893 billion, up 4.3% from $1.814 billion at year-end 2024 [5][11]. - Net Loans: Total net loans reached $1.500 billion, an increase of 8.7% from December 31, 2024 [5][11]. Wealth Management - Wealth Management Fees: Fees for wealth management services were $2.4 million in Q2 2025, a 7.9% increase from $2.2 million in Q2 2024 [5][11]. - Assets Under Management: As of June 30, 2025, assets under management were $1.4 billion [5]. Performance Metrics - Return on Average Assets (ROA): ROA for Q2 2025 was 1.04%, compared to 0.59% in Q2 2024 [5][13]. - Return on Average Equity (ROE): ROE for Q2 2025 was 15.64%, up from 9.12% in Q2 2024 [5][13]. - Net Interest Margin (NIM): NIM for Q2 2025 was 3.21%, compared to 2.99% in Q2 2024 [5][13]. Shareholder Information - Dividends: The Board of Directors declared a regular quarterly cash dividend of $0.33 per share for Q3 2025, payable on August 27, 2025 [5][11]. - Shareholders' Equity: Shareholders' equity increased to $157.4 million as of June 30, 2025, from $144.8 million at year-end 2024 [5][11].