0000723646-15-000004.txt : 20150127 0000723646-15-000004.hdr.sgml : 20150127 20150127163055 ACCESSION NUMBER: 0000723646-15-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150127 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150127 DATE AS OF CHANGE: 20150127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN FINANCIAL SERVICES CORP /PA/ CENTRAL INDEX KEY: 0000723646 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251440803 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12126 FILM NUMBER: 15552084 BUSINESS ADDRESS: STREET 1: 20 S MAIN ST STREET 2: P O BOX 6010 CITY: CHAMBERSBURG STATE: PA ZIP: 17201-0819 BUSINESS PHONE: 7172646116 MAIL ADDRESS: STREET 1: 20 SOUTH MAIN ST STREET 2: PO BOX 6010 CITY: CHAMBERSBURG STATE: PA ZIP: 17201-0819 8-K 1 fraf-20150127x8k.htm 8-K 2015 1st Qtr Div and 2014 4th Qtr Earnings

 

 

 

 

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)  January 27, 2015  

 

FRANKLIN FINANCIAL SERVICES CORPORATION

(Exact name of registrant as specified in its charter)

 

Pennsylvania                                  0-12126                        25-1440803

(State or other jurisdiction             (Commission                      (IRS Employer

of incorporation)                     File Number)                      Indent. No.)

 

20 South Main Street, Chambersburg, PA                                        17201

          (Address of principal executive office)                                       (Zip Code)

 

Registrant's telephone number, including area code                     (717) 264-6116

 

N/A

(Former name or former address, if changes since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a –12 under the Exchange Act (17 CFR 240.14a –12)

 

o

Pre-commencement communications pursuant to Rule 14d – 2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e – 4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 2.02  Results of Operations and Financial Condition.

 

The news release of Franklin Financial Services Corporation, dated January 27, 2015 and attached as Exhibit 99.1, announces its earnings for the year ended December 31, 2014 and is incorporated by reference herein.

 

 

Item 8.01  Other Events.

 

The news release of Franklin Financial Services Corporation, dated January 27, 2015 and attached as Exhibit 99.2, announces a $.17 per share regular cash dividend for the first quarter of 2015 and is incorporated by reference herein.

 

Item 9.01  Financial Statements and Exhibits.

 

    (c)  Exhibits.

 

    The following exhibits are filed herewith:

 

Number                              Description                                

 

   99.1                         News Release, dated January 27, 2015             

                                   of Franklin Financial Services Corporation

 

 

   99.2                         News Release, dated January 27, 2015             

                                   of Franklin Financial Services Corporation

 

 

 

 

 

 

 

 

                                                        SIGNATURES

 

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

FRANKLIN FINANCIAL SERVICES CORPORATION                                                         

 

By: /s/ William E. Snell, Jr.

William E. Snell, Jr., President                                                                                      and Chief Executive Officer

 

Dated: January 27, 2015

 

 

 

EXHIBIT INDEX

 

Exhibit Number Description

 

99.1News release, dated January 27, 2015 of Franklin Financial Services Corporation

 

99.2News release, dated January 27, 2015 of Franklin Financial Services Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EX-99.1 2 fraf-20150127ex991870478.htm EX-99.1 8-K EarningsRelease 4Q 2014-Exh 991 SCRUBBED

 

 

 

 

Exhibit 99.1

 

January 27, 2015

 

Franklin Financial Earnings Increase 35% in 2014

 

(Chambersburg, PA)  Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $1,847,000 for the quarter ended December 31, 2014. When compared to earnings of $1,141,000 for the fourth quarter of 2013, net income increased by 61.9%. Net income for the year was $8,402,000 compared with $6,232,000 for 2013, a year-over-year increase of 34.8%.

 

On a per share basis, diluted earnings were $.44 for the quarter ended December 31, 2014 and $2.00 for the year, compared to $.27 and $1.51 for the same periods in 2013.

   

“We continue to see steady improvement in the local economy,” said William E. Snell, President and CEO of F&M Trust. “Recovering consumer confidence and low unemployment are driving modest growth in consumer and deposits business. We expect overall loan quality to continue to improve, while increased regulatory costs and margin compression from the low interest rate environment remain a challenge.”

 

Total assets at December 31, 2014 were $1.001 billion, an increase of 1.7% when compared with total assets of $985 million at December 31, 2013. Total deposits and repurchase agreements were up 2.4% to $890.3 million, while the market value of trust assets under management was $605.8 million, representing a 5.4% increase from the previous year.

 

Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than $1 billion. Its wholly-owned subsidiary, F&M Trust, has twenty-two community banking offices located in Boiling Springs, Camp Hill, Carlisle, Chambersburg, Greencastle, Hustontown, McConnellsburg, Mechanicsburg, Mont Alto, Marion, Newville, Orbisonia, Shippensburg and Waynesboro. Franklin Financial stock is trading on the OTCQX® marketplace of the OTC Markets under the symbol FRAF. Please visit our website for more information, www.franklinfin.com.

 

 

 

 

 

EX-99.2 3 fraf-20150127ex9925895d2.htm EX-99.2 8-K Dividend 1Q 2015 -Exh 992 SCRUBBED

 

 

 

Exhibit 99.2

 

January  27, 2015

 

Franklin Financial Declares First Quarter Dividend

 

(CHAMBERSBURG, PA) The Board of Directors of Franklin Financial Services Corporation declared a $.17 per share regular cash dividend for the first quarter of 2015, matching the regular quarterly cash dividend paid in each quarter of 2014.

 

The regular quarterly cash dividend will be paid on February 25, 2015 to shareholders of record at the close of business on February 6, 2015.

 

Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of more than $1 billion. Its wholly-owned subsidiary, F&M Trust, has twenty-two community banking offices located in Boiling Springs, Camp Hill, Carlisle, Chambersburg, Greencastle, Hustontown, McConnellsburg, Mechanicsburg, Mont Alto, Marion, Newville, Orbisonia, Shippensburg and Waynesboro. Franklin Financial stock is trading on the OTCQX® marketplace of the OTC Markets under the symbol FRAF. Please visit our website for more information, www.franklinfin.com.