Franklin Financial Services Corporation (FRAF) Declares $0.30 Quarterly Dividend; 4.4% Yield

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Go back to Franklin Financial Services Corporation (FRAF) Declares $0.30 Quarterly Dividend; 4.4% Yield

Franklin Financial Reports 2020 Q1 Earnings; Declares Dividend

April 27, 2020 4:30 PM EDT

CHAMBERSBURG, Pa., April 27, 2020 /PRNewswire/ -- Franklin Financial Services Corporation (NASDAQ: FRAF), the bank holding company of F&M Trust (the Bank), reported consolidated earnings of $1.7 million ($0.39 per diluted share) for the first quarter ended March 31, 2020, compared to fourth quarter 2019 earnings of $4.4 million ($1.01 per diluted share) and first quarter 2019 earnings of $3.2 million ($0.73 per diluted share).

A summary of operating results for the first quarter of 2020 are as follows:

The most significant event for the first quarter of 2020 was a provision for loan loss expense of $3.0... More