FRAF on Nasdaq

FRANKLIN FINANCIAL SERVICES CORP /PA/

FRANKLIN FINANCIAL SERVICES CORP /PA/ is an American state commercial bank, incorporated in Pennsylvania.1 It is headquartered in Chambersburg, Pennsylvania.1 Its shares trade on Nasdaq under the symbol FRAF.1

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Last updated Oct 20, 2026.

Overview

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  • TickerFRAF on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersChambersburg, Pennsylvania1
  • Incorporated inPA2
  • Business address20 S Main St, P O Box 6010, Chambersburg, Pa 17201-08192
  • Filer categoryAccelerated filer, Smaller reporting company2

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Franklin Financial Services Corporation (the “Corporation”) was organized as a Pennsylvania business corporation on June 1, 1983 and is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHCA”). On January 16, 1984, pursuant to a plan of reorganization approved by the shareholders of Farmers and Merchants Trust Company of Chambersburg (“F&M Trust” or “the Bank”) and the appropriate regulatory agencies, the Corporation exchanged all of the shares of F&M Trust and issued its own shares of the Corporation to former F&M Trust shareholders on a one share – for - one share basis.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income456789$21.2M in 2025+32% since 2019
0$10.0M$20.0M$30.0M2019: $16.1M$16.1M20192020: $12.8M$12.8M2020−21%2021: $19.6M$19.6M2021+53%2022: $14.9M$14.9M2022−24%2023: $13.6M$13.6M2023−9%2024: $11.1M$11.1M2024−18%2025: $21.2M$21.2M2025+91%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Loans, including fees$87.2M$74.0M
Taxable interest$17.6M$16.4M
Tax exempt interest$1.1M$1.1M
Dividend income$781.0K$692.0K
Interest-earning deposits in other banks$7.6M$9.2M
Total interest income$114.4M$101.5M
Deposits$34.7M$30.9M
Federal Reserve Bank borrowings$2.0M
FHLB advances$8.8M$10.0M
Subordinate notes$1.3M$1.1M
Total interest expense$44.7M$43.9M
Net interest income$69.6M$57.5M
Provision for credit losses - loans$3.0M$2.0M
(Reversal of) provision for credit losses - unfunded commitments-$131.0K$8.0K
Total provision for credit losses$2.9M$2.0M
Net interest income after provision for credit loss expense$66.7M$55.5M
Wealth management fees$9.2M$8.5M
Loan service charges$984.0K$987.0K
Gain on sale of loans$672.0K$565.0K
Deposit service charges and fees$2.5M$2.4M
Other service charges and fees$2.0M$2.0M
Debit card income$2.4M$2.3M
Increase in cash surrender value of life insurance$469.0K$457.0K
Net losses on sales of debt securities-$4.3M
Change in fair value of equity securities-$7.0K$209.0K
Other$961.0K$423.0K
Total noninterest income$19.2M$13.7M
Salaries$25.6M$24.3M
Employee benefits$9.7M$8.4M
Net occupancy$4.8M$4.6M
Marketing and advertising$1.7M$1.9M
Legal and professional$2.5M$2.1M
Data processing$6.1M$5.8M
Pennsylvania bank shares tax$570.0K$483.0K
FDIC Insurance$2.0M$1.7M
ATM/debit card processing$1.4M$1.3M
Telecommunications$472.0K$435.0K
Nonservice pension$64.0K-$51.0K
Other$4.7M$4.9M
Total noninterest expense$59.7M$55.9M
Income before income taxes$26.3M$13.3M
Income tax expense$5.0M$2.2M
Net income$21.2M$11.1M
Basic earnings per share$4.76$2.52
Diluted earnings per share$4.74$2.51

Compare FRANKLIN FINANCIAL SERVICES CORP /PA/ with another company

Corporate structure

FRANKLIN FINANCIAL SERVICES CORP /PA/ sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FRANKLIN FINANCIAL SERVICES CORP /PA/

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on FRANKLIN FINANCIAL SERVICES CORP /PA/, latest Mar 26, 2026 (2 filings since Jul 29, 2025)
  • Fourthstone LLC Filed SCHEDULE 13G/A on FRANKLIN FINANCIAL SERVICES CORP /PA/, latest Feb 13, 2026 (5 filings since Feb 14, 2023)
  • BlackRock Filed SCHEDULE 13G on FRANKLIN FINANCIAL SERVICES CORP /PA/, latest Jan 21, 2026
  • FRANKLIN FINANCIAL SERVICES CORP /PA/ Chambersburg, Pennsylvania

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FRANKLIN FINANCIAL SERVICES CORP /PA/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$49.1M9 Dec 31, 2025$49.1M9 Dec 31, 20240%
Accumulated depreciation$21.9M9 Dec 31, 2025$20.0M9 Dec 31, 2024+9.6%
Property and equipment, net$27.1M9 Dec 31, 2025$29.0M9 Dec 31, 2024−6.5%
Operating-lease assets (leased space)$3.7M9 Dec 31, 2025$4.1M9 Dec 31, 2024−10.9%

Real estate and locations

ItemLatestA year beforeChange
Stores229 Dec 31, 2025228 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$127.7M9 Dec 31, 2025$203.6M9 Dec 31, 2024−37.3%
Debt securities available for sale$454.6M9 Dec 31, 2025$508.6M9 Dec 31, 2024−10.6%
Equity securities at fair value$166.0K9 Dec 31, 2024$427.0K8 Dec 31, 2023−61.1%
Loans, net of allowance$1.5B9 Dec 31, 2025$1.4B9 Dec 31, 2024+11.6%
Deposits held (banks)$1.8B9 Dec 31, 2025$1.8B9 Dec 31, 2024+1.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.0M9 Dec 31, 2025$9.0M9 Dec 31, 20240%

Properties, in its own words

The Corporation’s headquarters is located at 1500 Nitterhouse Drive, Chambersburg, Pennsylvania. This location also houses F&M Trust’s sales and operations center. The Corporation owns or leases properties in Franklin, Cumberland, Dauphin, Fulton and Huntingdon Counties, Pennsylvania; and Washington County, Maryland, for banking operations, as described below:

Property · Owned · Leased

The rest of Item 2

Facilities used in Banking Operations · 16 · 10

Remote ATM Sites · 3 · 5

The Bank’s properties are adequate for the purposes intended.

Item 2 of the 10-K filed Mar 13, 2026.3

Leadership

Who has led FRANKLIN FINANCIAL SERVICES CORP /PA/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William E. Snell Jr.2006–2015
  2. Timothy G. Henry2017–2025
  3. Craig W. Best2025–now

President

  1. William E. Snell Jr.2006–2015
  2. Timothy G. Henry2016–2017
  3. Craig W. Best2025
  4. Charles Benner Carroll Jr.2026–now

Chief financial officer

  1. Mark R. Hollar2006–2019
  2. Timothy G. Henry2019

Chief operating officer

  1. Charles Benner Carroll Jr.2023–now
2010201520202025
Board members and other officers (37)

Timeline

  1. Aug 18, 20268-K Executive or director change59
  2. Jul 24, 20268-K Results of operations60
  3. Jul 24, 20268-K Regulation FD disclosure61
  4. Jul 24, 20268-K Regulation FD disclosure62
  5. Jul 17, 20268-K Other events63
  6. May 4, 20268-K Regulation FD disclosure64
  7. May 1, 20268-K Regulation FD disclosure65
  8. Apr 29, 20268-K Shareholder vote66
  9. Apr 23, 20268-K Results of operations67
  10. Apr 23, 20268-K Executive or director change68
  11. Apr 13, 20268-K Other events69
  12. Feb 2, 20268-K Regulation FD disclosure70
  13. Jul 17, 2025New chief executive Craig W. Best becomes CEO12
  14. Jan 3, 2017New chief executive Timothy G. Henry becomes CEO13
  15. Jul 12, 2006New chief executive William E. Snell Jr. becomes CEO14

Calendar

Coming up

  1. Oct 27, 2026Reports results for the quarter ending Sep/202671

When it reported results

  1. Jul 24, 2026Reported quarterly or annual results60
  2. Apr 23, 2026Reported quarterly or annual results67
  3. Jan 27, 2026Reported quarterly or annual results72
  4. Oct 28, 2025Reported quarterly or annual results73
  5. Jul 22, 2025Reported quarterly or annual results74
  6. Apr 29, 2025Reported quarterly or annual results75
  7. Jan 28, 2025Reported quarterly or annual results76
  8. Oct 22, 2024Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

666 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 95 major events, 528 insider forms, 8 large holders, 13 other. The latest 20:

  1. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 28, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 27, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 18, 20268-K EDGAR
  9. Aug 10, 202610-Q EDGAR
  10. Aug 3, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 30, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 30, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 30, 20264 PRIMARY DOCUMENT EDGAR
  14. Jul 24, 20268-K/A EDGAR
  15. Jul 24, 20268-K EDGAR
  16. Jul 24, 20268-K EDGAR
  17. Jul 17, 20268-K EDGAR
  18. Jun 29, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 29, 20264 PRIMARY DOCUMENT EDGAR
  20. Jun 29, 20264 PRIMARY DOCUMENT EDGAR

The 666 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

235 open-market trades by officers, directors and large owners since October 2021: 228 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 26, 2026Duffey Gregory ADirectorBuy16$62.08$993Form 4
Jul 29, 2026Duffey Gregory ADirectorBuy16$64.08$1.0KForm 4
May 27, 2026Duffey Gregory ADirectorBuy17$58.88$1.0KForm 4
May 26, 2026Butz Steven DEVP, CCSOSale1,400$57.73$80.8KForm 4
Apr 29, 2026Duffey Gregory ADirectorBuy18$55.35$996Form 4
Mar 9, 2026Snook Gregory IDirectorBuy2,200$48.18$106.0KForm 4
Feb 25, 2026Duffey Gregory ADirectorBuy19$52.33$994Form 4
Feb 5, 2026Carroll Charles Benner JrPresident & COOBuy380$46.93$17.8KForm 4
Dec 22, 2025Rzomp KimberlyDirectorSale1,500$54.07$81.1KForm 4
Nov 26, 2025Duffey Gregory ADirectorBuy19$53.91$1.0KForm 4
Aug 28, 2025Carroll Charles Benner JrPresident & COOSale650$46.55$30.3KForm 4
Aug 27, 2025Ehrig Scott DSVP, Chief Wealth OfficerSale1,060$46.83$49.6KForm 4
Aug 27, 2025Duffey Gregory ADirectorBuy21$46.55$978Form 4
Aug 27, 2025Hollar Mark RSEVP/CFOSale179$46.75$8.4KForm 4
Aug 25, 2025Long David MSVP, Chief Technology OfficerSale137$44.30$6.1KForm 4
Jul 30, 2025Duffey Gregory ADirectorBuy25$40.48$1.0KForm 4
May 28, 2025Duffey Gregory ADirectorBuy26$38.60$1.0KForm 4
May 28, 2025Carmack Karen KSVP, Chief HR OfficerBuy1$38.60$39Form 4
May 15, 2025Carmack Karen KSVP, Chief HR OfficerBuy1$38.70$39Form 4
May 14, 2025Butz Steven DEVP, CCSOSale998$38.82$38.7KForm 4

All 235 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 97. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.292,503$18.3M0.0%+27,031
Vanguard Capital Management LLC186,382$11.7M0.0%+2,967
Geode Capital Management, LLC112,891$7.1M0.0%+13,041
American Century Companies Inc86,341$5.4M0.0%+37,518
Arrowstreet Capital, Limited Partnership75,439$4.7M0.0%No change
State Street Corp71,690$4.5M0.0%−249
Elizabeth Park Capital Advisors, Ltd.63,910$4.0M2.8%No change
Bridgeway Capital Management, LLC62,785$3.9M0.1%+3,710
Dimensional Fund Advisors LP49,398$3.1M0.0%+7
Logan Capital Management Inc40,550$2.5M0.1%New
Marshall Wace, Llp36,673$2.3M0.0%−6,318
Goldman Sachs Group Inc35,032$2.2M0.0%−15,809
Northern Trust Corp33,695$2.1M0.0%+3,516
Vanguard Portfolio Management LLC28,955$1.8M0.0%+4,765
Nuveen, LLC27,579$1.7M0.0%No change
Vanguard Fiduciary Trust Co26,938$1.7M0.0%+347
Sageworth Trust Co26,900$1.7M0.1%New
Empowered Funds, LLC26,190$1.6M0.0%+1,815
SummerHaven Investment Management, LLC19,624$1.2M0.7%No change
Integrated Quantitative Investments LLC19,180$1.2M0.2%New
Morgan Stanley16,600$1.0M0.0%+1,414
Trexquant Investment LP16,323$1.0M0.0%−1,870
First Trust Advisors LP15,698$982.7K0.0%+824
Hsbc Holdings PLC15,627$981.4K0.0%No change
Aqr Capital Management LLC14,136$884.9K0.0%+6,753

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FRANKLIN FINANCIAL SERVICES CORP /PA/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFRANKLIN FINANCIAL SERVICES CORP /PA/1
  • CIK0000723646
  • Employer ID (EIN)25-14408033
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inPennsylvania3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address20 S Main St, P O Box 6010, Chambersburg, PA 17201-08191
  • Mailing address20 South Main St, Po Box 6010, Chambersburg, PA 17201-08191
  • Phone71726461161
  • Shares outstanding4,499,582 as of Jul 31, 202611
  • Public float$139.9M as of Jun 30, 20253
  • AuditorCrowe LLP, Washington, D.C PCAOB ID 173; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceAug 10, 19951
  • Filings2,129 in all: 4 (1,427), 8-K (351), 10-Q (93), 4/A (45), 3 (33), DEF 14A (31), 10-K (26), 5 (18)1
    All 38 form types

    ARS (15), SC 13G/A (11), SC 13G (8), 8-K/A (7), S-8 (6), S-8 POS (6), 10-K405 (5), 3/A (5), 425 (4), SCHEDULE 13G/A (4), 10-K/A (3), 10-Q/A (3), UPLOAD (3), 11-K (2), 144 (2), CORRESP (2), DEFA14A (2), EFFECT (2), PRE 14A (2), S-3 (2), SCHEDULE 13G (2), 8-A12B (1), CERT (1), D (1), DEFR14A (1), POS AM (1), S-3/A (1), S-4 (1), S-4/A (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Mar 24, 2026
    Latest 8-K (8-K) Aug 18, 2026

Securities registered for trading

ClassSymbolExchange
Common stockFRAFNasdaq

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks FRANKLIN FINANCIAL SERVICES CORP /PA/ names in Item 1A of its 10-K filed Mar 13, 2026: 23 risks under these headings, as written.3

  • Real estate related loans are a significant portion of our loan portfolio.
  • Commercial loans are a significant portion of our loan portfolio.
  • The Bank is subject to commercial real estate volatility that may result in increases in non-performing loans that could have an adverse impact on our financial condition and results of operations.
  • The allowance for credit losses may prove to be insufficient to absorb inherent losses in our loan portfolio.
  • The Bank’s lending limit is smaller than many of our competitors, which affects the size of the loans it can offer customers.
  • There is strong competition in the Bank’s primary market areas and its geographic diversification is limited.
  • Changes in interest rates could have an adverse impact upon our results of operations.
  • Our operational or security systems may experience interruption or breach in security, including cyber-attacks.
  • The Corporation may use artificial intelligence (AI) in its business, and challenges with properly managing its use could result in disruption of its internal operations, reputational harm, competitive harm, legal liability and adversely affect its results of operations and stock price.
  • A large component of fee income is dependent on stock market values.
  • A large component of fee income is dependent on two deposit services.
  • A large percentage of deposits may be highly sensitive to changes in interest rates.
The other 11 risks
  • Liquidity contingency funding is highly concentrated.
  • Unrealized losses in the Bank’s investment portfolio could affect liquidity.
  • The Corporation is subject to claims and litigation pertaining to fiduciary responsibility which may result in financial liability or reputation damage.
  • Our business and financial results could be impacted materially by adverse results in legal proceedings.
  • The Corporation’s operations could be affected by climate change.
  • Severe weather, natural disasters, acts of war or terrorism, public health crises, and other external events could negatively impact the Corporation’s business.
  • Negative developments affecting the banking industry, including bank failures or concerns regarding liquidity may have a material adverse effect on the Corporation.
  • Changes to trade policies and tariffs can have an adverse impact on our business and our customers.
  • The stock market can be volatile, and fluctuations in our operating results and other factors could cause our stock price to decline.
  • The Bank's ability to pay dividends to the Corporation is subject to regulatory limitations that may affect the Corporation’s ability to pay dividends to its shareholders.
  • Pennsylvania Business Corporation Law and various anti-takeover provisions under the Corporation’s articles of incorporation and bylaws could impede the takeover of the Corporation.

Legal proceedings

The nature of the Corporation’s business generates a certain amount of litigation.

We establish accruals for legal proceedings when information related to the loss contingencies represented by those matters indicates both that a loss is probable and the amount of the loss can be reasonably estimated. When we are able to do so, we also determine estimates of possible losses, whether in excess of any accrued liability or where there is no accrued liability.

These assessments are based on our analysis of currently available information and are subject to significant judgment and a variety of assumptions and uncertainties. As new information is obtained, we may change our assessments and, as a result, take or adjust the amounts of our accruals and change our estimates of possible losses or ranges of possible losses. Due to the inherent subjectivity of the assessments and the unpredictability of outcomes of legal proceedings, any amounts that may be accrued or included in estimates of possible losses or ranges of possible losses may not represent the actual loss to the Corporation from any legal proceeding. Our exposure and ultimate losses may be higher, possibly significantly higher, than amounts we may accrue or amounts we may estimate.

The opening of Item 3, Legal Proceedings.3

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