Exhibit 99.1

Investor PresentationFourth Quarter 2021 Highlights

Forward Looking StatementsCertain statements appearing herein which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements refer to a future period or periods, reflecting management’s current views as to likely future developments, and use words “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” or similar terms.  Because forward-looking statements involve certain risks, uncertainties and other factors over which Franklin Financial Services Corporation has no direct control, actual results could differ materially from those contemplated in such statements.  These factors include (but are not limited to) the following: general economic conditions particularly with regard to the negative impact of severe, wide-ranging and continuing disruptions caused by the spread of the coronavirus COVID-19 pandemic and responses thereto, changes in interest rates, changes in the Corporation’s cost of funds, changes in government monetary policy, changes in government regulation and taxation of financial institutions, changes in the rate of inflation, changes in technology, the intensification of competition within the Corporation’s market area, and other similar factors.We caution readers not to place undue reliance on these forward-looking statements. They only reflect management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any Current Reports on Form 8-K. F&M TRUST Franklin Financial Services Corporation2

CEO CommentsFor Franklin Financial, the fourth quarter was a transitional quarter in many ways as we start to leave behind the immediate effects of the pandemic and continue to prepare ourselves for the future. Earnings in the fourth quarter were good and capped a record year of earnings for the company that was supported, in part, by the one-time sale of the headquarters building in the third quarter and fee income from forgiven PPP loans that reduced outstanding loans but added to the bottom line.A continuing trend in the fourth quarter, and for the year, has been the growth in our residential mortgage business and our investment and trust business. Both lines of business established record levels of performance for the year. While we expect residential mortgage business -- in particular the refinance business -- to modulate during 2022, our investment and trust business is expected to continue to grow as we add specialized staff and enter new markets.2022 is seeing the company adopt Salesforce to assist us in bringing all the bank has to offer to our customers while serving as a “digital backbone” to help us continue to grow our digital capabilities and improve customer outreach and internal efficiencies.Our stock performance has held, though at significantly reduced daily average volumes due to our exit from the Russell 3000. Dividend performance remains strong compared to peers and the Board approved a new stock buy-back program in December 2021.As we move into 2022, we are carefully transitioning key members of senior management who are retiring in 2022. With three members of the senior management team retiring, we have hired a Chief Operations Officer, a Chief Retail Services Officer, and a Chief Technology Officer to replace them after overlaps ranging from four to 10 months. The overlaps are allowing us to make a smooth transition that will benefit all who are affected by the changes.F&M TRUST Franklin Financial Services Corporation3

CEO Comments (continued)2022 will be a year for repositioning the bank for future growth. Along with moving into a new headquarters building, we are expanding into Maryland by establishing a full-service community office in Hagerstown. We are renovating outdated community offices in both the Chambersburg and Mechanicsburg markets and building and strengthening our team as members retire and are replaced.I am very optimistic for our future, as we continue to challenge ourselves to grow with our customers and with the new opportunities that are in front of us. We survived and thrived through the pandemic, and I feel that we will do the same as we move forward into new challenges and opportunities.The following investor presentation being released on Form 8(k) is a supplement to our quarterly earnings release. We appreciate the support of our shareholders, and the interest of potential shareholders, and I am available to you at any time to listen to your concerns, thoughts, and ideas and to answer your questions to the best of my ability.Sincerely,F&M TRUST Franklin Financial Services Corporation4

Overview of Franklin FinancialFranklin Financial, which was formed in 1983, is the largest independent, locally owned and operated bank holding company headquartered in Franklin County, PAFranklin Financial’s wholly-owned subsidiary, F&M Trust, was founded in Chambersburg, PA in 1906Total assets of the Company were $1.77 billion as of December 31, 2021As of December 31, 2021, Franklin Financial reported $1.01 billion in brokerage and trust assets under managementFranklin Financial stock is trading on the Nasdaq Stock Market (NASDAQ: FRAF)F&M TRUST Franklin Financial Services Corporation5

A Market Share LeaderHuntingdon CountyFulton CountyFranklin CountyCumberladn CountryF&M Trust HeadquartersHarrisburg21 offices throughout Cumberland, Franklin, Fulton and Huntingdon Counties, PA#1 Deposit Market Share in Chambersburg (52.0%)#1 Deposit Market Share inFranklin County (39.0%)#2 Deposit Market Share inFulton County (35.7%)F&M TRUST Franklin Financial Services Corporation6Source: S&P Global Market Intelligence, 2020 U.S. Financial Institutions Deposit Market Share

Experienced and Cohesive Executive TeamExecutiveTitleYears of Banking ExperienceJoined F&M TrustPrior ExperienceTimothy G. HenryPresident & Chief Executive Officer402016Fulton, Centra Bank, BlueRidge Bank, Susquehanna Bank, BB&TMark R. HollarExecutive Vice President, Chief Financial Officer & Treasurer341994ValleyBank & TrustSteven M. PoynotExecutive Vice President, Chief Operating Officer252022Mercantile-Safe Deposit & Trust Company, Howard BankLorie HeckmanSenior Vice President, Chief Risk Officer361986Steven D. ButzSenior Vice President, Chief Commercial Services Officer372013PNC, Waypoint, Sovereign, Graystone Tower, Susquehanna BankScott Ehrig, CFP, CIMASenior Vice President, Chief Investment & Trust Services Officer292020FMA Advisory, Wilmington Trust, M&T Investment Group, JP MorganPatricia A. Hanks*Senior Vice President, Chief Retail Services Officer431999Lebanon Valley NationalLouis J. GiustiniSenior Vice President, Chief Retail Services Officer342022Hagerstown Trust, Columbia Bank, Fulton BankF&M TRUST Franklin Financial Services Corporation7*Retiring in May 2022

Experienced and Cohesive Executive TeamExecutiveTitleYears of Banking ExperienceJoined F&M TrustPrior ExperienceKaren K. Carmack, DMSenior Vice President, Chief Human Resources Officer272000ACNBMatthew D. WeaverSenior Vice President, Chief Marketing Officer222014Susquehanna Bank,Clifton LarsonAllen, IMREJoseph C. Lieb*Senior Vice President, Chief Technology Officer362015Commonwealth Bank, Jonestown Bank, Integrity BankDavid LongSenior Vice President, Chief Technology Officer152022Howard BankF&M TRUST Franklin Financial Services Corporation8*Retiring in December 2022

Well-Established CorporationMarket share leader in core deposit, loan, and asset-management segments in economically stable and historically growing local marketsExecutive team has extensive banking industry experience mixed with local market knowledgeConsistently strong core operating fundamentals with a diverse revenue mixStrong capital position, sound risk management, and neutral to slightly asset-sensitive balance sheetStable, low-cost core deposit base and strong liquidity positionA well-diversified loan portfolio with an emphasis on small-business relationships without reliance on participation loansAccelerated digital transformation and technology adoption to support business continuityF&M TRUST Franklin Financial Services Corporation 9  9

YTD Financial UpdatesNet interest income was $44.7 million, up 6.5% over the prior year, inclusive of $3.3 million interest and fees from PPPContinue to adjust deposit rates in response to market conditionsNet interest margin was 2.88% compared to 3.21% for the same period in 2020As pandemic-related credit concerns lessened in 2021, the Company released $2.1 million from the allowance for loan losses through a reversal to the provision for loan loss expenseAllowance for loan loss ratio of 1.51%; non-performing loan ratio of 0.74%Capital position remained strong with a total risk-based capital ratio of 18.41% and a leverage ratio of 8.52%F&M TRUST Franklin Financial Services Corporation10

YTD Financial UpdatesMaintained the dividend of $0.32 per share for the first quarter of 2022Loan-to-deposit ratio of 63% enhances liquidity position and allows for quality lending opportunities as the economy reopensNew mortgage originations totaled $127.6 million, an increase of 2.4% from 2020, as a result of new departmental leadership in 2019, significant restructuring, and a strong marketFee income from new mortgages originated for sale in the secondary market increased $894 thousand over the same period in 2020Mobile banking users increased 10.5% from the same period in 2020 as customers transition to digital banking channelsF&M TRUST Franklin Financial Services Corporation11

YTD Financial UpdatesDeposits increased 17.0% over the same period in 2020, with money management accounts and interest-bearing checking products showing the largest increasesIntroduced new retail checking account lineup that will generate additional fee income and provide valuable benefits and increased engagement for our customersF&M TRUST Franklin Financial Services Corporation12

Outlook for the Remainder of 2022Adapting to the challenges and changes brought on by the pandemic over the past two yearsBuilding for the future by making investments in our physical, technological, and sales infrastructure including:Establishing a new corporate headquarters in Chambersburg, PAAdopting Salesforce, a digital sales platform to be used throughout the bankExpanding our banking presence in Hagerstown, MDEnhancing our team of employees with the addition of several key positions and expanded trainingContinue to transition commercial and consumer customers to digital banking and call center channels for day-to-day financial needsF&M TRUST Franklin Financial Services Corporation13

Outlook for the Remainder of 2022Increased competition for quality credit in the market will challenge loan demandContinued pressure on net interest margin as low interest rate environment continuesResidential mortgage business will continue to grow though likely at a slower rate than 2021 as opportunities to refinance existing mortgages begins to taper; new home purchase business is expected to continue to be strongNet income generated by the Investment & Trust Services business line will continue to grow due to the origination of new customers, anticipation of continued strong market performance, and cost controls that are in placeA focus on cross-selling between Commercial, Retail, and Investment & Trust Services lines of business should yield new opportunities across the bank with our existing customersF&M TRUST Franklin Financial Services Corporation14

SummaryThe Company is well capitalized and positioned to successfully work through the current complex social and economic conditions to the benefit of our customers and shareholdersLiquidity remains strong with additional resources available if neededAsset quality is good with continued improvement and the Company is well provisioned for losses should they occur in future quartersThe Company is actively working to bring more digitally based products and services to its customersThe Company is positioning for future growth and expansion following the completed purchase of a new corporate headquarters and operations center, the addition of Salesforce, transitioning of senior leadership, and a new full-service community office in MarylandF&M TRUST Franklin Financial Services Corporation15

Financial UpdatesFourth Quarter Ended December 31, 202116F&M TRUST Franklin Financial Services Corporation

Balance Sheet HighlightsDollars in Thousands (000’s)12/31/20219/30/202112/31/202012/31/2019Total Assets$1,773,806$1,732,441$1,535,038$1,269,157Cash and Cash Equiv.$175,149$98,893$57,146$83,828Investments$530,292$546,261$397,331$187,873Net Loans$983,746$1,002,802$992,915$922,609Deposits$1,584,359$1,544,295$1,354,573$1,125,392Shareholders’ Equity$157,065$152,838$145,176$127,528F&M TRUST Franklin Financial Services Corporation17

Income Statement HighlightsDollars in Thousands (000’s)Quarter Ended 12/31/2021Quarter Ended 9/30/2021Quarter Ended 12/31/2020Interest Income$12,133$12,304$11,871Interest Expense$723$710$878Provision for Losses($200)--($725)Noninterest Income1$4,544$4,397$4,037Noninterest Expense$11,981$10,986$10,541Net Income$3,653$5,862$4,553F&M TRUST Franklin Financial Services Corporation181Excludes securities gains in all periods and gain on sale of premises in third quarter 2021

Key Performance MeasuresPercent (%)Quarter Ended 12/31/2021Quarter Ended 9/30/2021Quarter Ended 12/31/2020Return on Avg. Assets0.841.371.18Return on Avg. Equity9.5615.2012.94Efficiency Ratio173.4067.1767.17Net Interest Margin2.792.893.08Noninterest Inc2 / Operating Revenue28.4827.5026.86F&M TRUST Franklin Financial Services Corporation191See GAAP versus Non-GAAP reconciliation;2Excludes securities gains in all periods and gain on sale of premises in third quarter 2021

Balance Sheet StrengthPercent (%)Quarter Ended 12/31/2021Quarter Ended 9/30/2021Quarter Ended 12/31/2020Risk-Based Capital Ratio (Total)18.4118.1617.69Leverage Ratio (Tier 1)8.528.538.69Common Equity Ratio (Tier 1)15.2014.9114.32Tangible Common Equity Ratio8.398.358.92Nonperforming Assets1 / Total Assets0.420.500.57Allowance for Loan Loss as a % of Loans1.511.511.66Allowance to Nonperforming Loans204.04177.95192.05F&M TRUST Franklin Financial Services Corporation201Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned

Market StatisticsPer Share Measure / Market ValuationQuarter Ended12/31/2021Quarter Ended9/30/2021Quarter Ended12/31/2020Diluted Earnings Per Share$0.82$1.31$1.04Cash Dividend Yield3.87%3.90%4.44%Regular Cash Dividends Paid$0.32$0.32$0.30Dividend Payout Ratio38.83%24.12%28.89%Market Value Per Share$33.10$31.77$27.03Book Value$35.36$34.49$33.07Tangible Book Value1$33.34$32.46$31.02Market Cap ($M)$148,049$143,822$136,160Price / Book (%)93.61%92.11%81.74%Price / Tangible Book (%)99.29%97.87%87.14%Price / LTM EPS (X)7.516.869.23F&M TRUST Franklin Financial Services Corporation211See GAAP versus Non-GAAP reconciliation

Balanced Revenue ModelAnnualized Noninterest Income Source as a percentage of Average Assets as of December 31, 20212021Franklin FinancialMedianPA Banks Peer1Trust0.42%0.02%Service Charges on Deposits0.14%0.09%Gain on Sale of Loans0.15%0.12%Other0.26%0.27%Total Noninterest Income21.05%0.59%F&M TRUST Franklin Financial Services Corporation221PA Banks and Holding Companies with assets between $1-3 billion reporting for the last twelve months ended as of September 30, 2021; Source: S&P Global Market Intelligence; 2Excludes gains on securities and sale of bank premise

Stable, Low-Cost Core DepositsCost of Deposits1 (%)1.201.000.800.600.400.200.000.640.280.130.12201920209/30/202112/31/2021Franklin Financial Deposit Mix ($000’s)Retail TimeDemand DepositsNOW & Other TransactionsMMDAs & Savings$74,253$298,403$511,969$699,7345%19%32%44%F&M TRUST Franklin Financial Services Corporation231For the year-to-date period

Diversified Loan PortfolioLoans Outstanding1 ($000’s)$52,290$21,742$7,755$1,000,000$46,350$41,140$41,846$40,674$800,000$106,014$105,639$111,232$113,213$600,000$140,784$145,279$150,232$140,669$400,000$192,583$212,030$208,615$207,254$200,000$78,712$73,049$74,407$85,118$-$372,076$67,736$389,723$68,706$414,208$69,900$406,956$69,90012/31/201912/31/20209/30/202112/31/2021Commercial Real EstateCommercial (C&I)1-4 FamilyState/Muni LoansConstructionAg, Consumer and OtherPaycheck Protectio ProgramPurchased ParticipationsF&M TRUST Franklin Financial Services Corporation241Purchased participations are included as part of the loans outstanding; $1.9 million of net PPP fees to be recognized at September 30, 2021

Investment and Trust ServicesTotal and New Assets Under Management ($000’s)$1,200,000$1,000,000$800,000$600,000$400,000$200,000$0$118,469$912,674$1,031,143$49,440$115,120$907,481$1,022,601$61,176$118,046$946,975$1,065,021$100,457Jun-21Sep-21Dec-21BrokerageTrustTotalNew Assets Under Management (YTD)F&M TRUST Franklin Financial Services Corporation25

Strong Credit QualityNonperforming Assets1 / Assets (%)0.60%0.50%0.40%0.30%0.20%0.10%0.31%0.57%0.50%0.42%12/31/201912/31/20209/30/202112/31/2021F&M TRUST Franklin Financial Services Corporation261Nonperforming assets = nonaccrual loans, loans 90 days past due and other real estate owned

Stock Symbol: FRAF  (Nasdaq)www.franklinfin.comwww.fmtrust.bankF&M TRUST Franklin Financial Services Corporation27

Appendix28F&M TRUST Franklin Financial Services Corporation

GAAP / Non-GAAP ReconciliationTangible Book Value (per share) (non-GAAP)Quarter Ended12/31/2021Quarter Ended9/30/2021Quarter Ended12/31/2020Shareholders’ equity$157,065152,838145,176Less intangible assets(9,016)(9,016)(9,016)Shareholders’ equity (non-GAAP)148,049143,822136,160Shares outstanding (in thousands)4,4414,4314,389Tangible book value (non-GAAP)33.3432.4631.02Efficiency RatioNoninterest expense$11,98110,98610,541Net interest income11,41011,59410,993Plus tax equivalent adjustment to net interest income368365378Plus noninterest income, net of securities transactions14,5444,3974,037Total revenue16,32216,35615,408Efficiency Ratio (non-GAAP)73.40%67.17%68.41%F&M TRUST Franklin Financial Services Corporation291Excludes securities gains in all periods and gain on sale of premises in third quarter 2021