8-K - FRAF - Equibles

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: February 2, 2026

FRANKLIN FINANCIAL SERVICES CORPORATION

(Exact name of registrant as specified in its new charter)

Pennsylvania	001-38884	25-1440803
(State or other jurisdiction<br><br>of incorporation)	(Commission<br><br>File Number)	(IRS Employer<br><br>Identification No.)
1500 Nitterhouse Drive, 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:

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

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

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

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

Securities registered pursuant to Section 12(b) of the Act:



Title of class	Symbol	Name of exchange on which registered
Common stock	FRAF	Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

‎

Item 7.01 Regulations FD Disclosure

Franklin Financial Services Corporation (“the Corporation”) is furnishing this presentation which will be presented in whole or in part, from time to time, by executives of the Corporation in one or more meetings with investors and analysts. The presentation is attached as Exhibit 99.1 and is incorporated by reference. It is also available on the Corporation’s website at www.franklinfin.com.

The information in this Form 8-K provided under Item 7.01, including all exhibits attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Corporation under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

Number Description

99.1 Investor Presentation, dated February 2, 2026 of Franklin Financial Services

104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

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/ Craig W. Best

Craig W. Best

Chief Executive Officer and President

Dated: February 2, 2026

		Exhibit 99.1 Investor Presentation

Exhibit 99.1

Investor Presentation Fourth Quarter 2025 Highlights Corporate Headquarters – Chambersburg, PA Stock Symbol: FRAF (Nasdaq)

Forward Looking Statements Certain 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, 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. GAAP versus non-GAAP Presentations – The Corporation supplements its traditional GAAP measurements with certain non-GAAP measurements to evaluate its performance and to eliminate the effect of intangible assets. By eliminating intangible assets, the Corporation believes it presents a measurement that is comparable to companies that have no intangible assets or to companies that have eliminated intangible assets in similar calculations. However, not all companies may use the same calculation method for each measurement. The Efficiency Ratio measures the cost to generate one dollar of revenue. The non-GAAP measurements are not intended to be used as a substitute for the related GAAP measurements and should not be read in isolation or relied upon as a substitute for GAAP measures. The following table shows the calculation of the non-GAAP measurements. 2

Overview of Franklin Financial Franklin Financial, which was formed in 1983, is a bank holding company headquartered in Franklin County, PA A $2.2 billion financial services corporation located in South-Central Pennsylvania and northern tier of Maryland Franklin Financial’s wholly-owned subsidiary, F&M Trust, was founded in Chambersburg, PA in 1906 As of December 31, 2025, Franklin Financial reported $1.4 billion in trust and brokerage assets under management Franklin Financial stock is trading on the Nasdaq Stock Market (NASDAQ: FRAF) 3

Trade Area Expansion 23 Locations Serving South Central PA and Washington County MD Primary Trade Area Expanded Trade Area Offering Wealth Management, Commercial Financing, and Residential Lending Services 4

Why Invest in Franklin Financial? An exceptionally strong deposit franchise A company with diversified revenue streams including fee income from a $1.4 billion assets under management wealth management team A company with solid credit quality A company that continues to deliver good earnings A company with a history of strong dividends A company that is focused on building shareholder value by growing and protecting tangible book value 5

Mission, Vision & Core Values Mission Statement Delivering the right financial solutions from people you know and trust. Vision We are committed to remaining independent by growing our bank to meet the increasing needs of our employees, customers, communities, and shareholders. We strive to be a financial services leader in the markets we serve. Core Values The employees, officers and directors are committed to the core values of integrity, teamwork, excellence, accountability, and concern for our customers and the communities we serve. 6

Experienced and Cohesive Executive Team Executive Title Years of Banking Experience Joined F&M Trust Prior Experience Craig W. Best President and Chief Executive Officer 42 2025 Peoples Security Bank & Trust, First Commonwealth Bank, Equitable Bank Mark R. Hollar Senior Executive Vice President, Chief Financial Officer & Treasurer 37 1994 ValleyBank & Trust Charles B. Carroll, Jr. Senior Executive Vice President, Chief Operating Officer 31 2023 S&T Bank, FirstMerit / Huntington National Bank, BBVA Compass Lorie Heckman, CERP, CRCM Executive Vice President, Chief Risk Officer 39 1986 F&M Trust, Vice President of Compliance and Security Steven D. Butz Executive Vice President, Chief Commercial Services Officer 40 2013 PNC, Waypoint, Sovereign, Graystone Tower, Susquehanna Bank Louis J. Giustini Senior Vice President, Chief Retail Services Officer 37 2022 Hagerstown Trust, Columbia Bank, Fulton Bank 7

Experienced and Cohesive Executive Team Executive Title Years of Banking Experience Joined F&M Trust Prior Experience Karen K. Carmack, DM Senior Vice President, Chief Human Resources Officer 30 2000 ACNB Matthew D. Weaver Senior Vice President, Chief Marketing Officer 25 2014 Susquehanna Bank, Clifton LarsonAllen, IMRE David M. Long Senior Vice President, Chief Technology Officer 18 2022 Howard Bank 8

Managed Growth SELECTED HIGHLIGHTS KEY STATISTICS Total Assets Net Loans Total Deposits Assets Under Management YTD GROWTH PERCENTAGE $2,239 Billion as of 12/31/2025 $2,198 Billion as of 12/31/2024 $1,541 Billion as of 12/31/2025 $1,380 Billion as of 12/31/2024 $1,836 Billion as of 12/31/2025 $1,816 Billion as of 12/31/2024 $1,421 Billion as of 12/31/2025 $1,309 Billion as of 12/31/2024 9

Net Interest Income $41,961 $44,671 $51,586 $53,637 $57,514 $69,646 3.51% 3.06% 3.40% 4.70% 5.16% 5.31% 3.21% 2.88% 3.11% 3.31% 2.95% 3.25% 0.39% 0.24% 0.36% 1.75% 2.68% 2.50% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Net Interest Income Asset Yield Liability Cost Net Interest Margin 1For the year ended; 2Fully tax equivalent 10

Diversified Income Non-Interest Income1 25.83% 29.46% 22.54% 22.57% 23.28% 21.59% $3,658 $5,392 $3,024 $3,610 $4,116 $4,430 $1,844 $2,170 $1,868 $2,157 $2,279 $2,370 $1,977 $2,258 $2,527 $2,492 $2,448 $2,535 $1,536 $2,430 $770 $199 $565 $672 7/14/1916 6/20/1919 7/31/1919 7/25/1920 5/17/1923 2/6/1925 Wealth Management Fees Gains on Sales of Loans Deposit Service Fees Debit Card Income Other Non-Interest Income/Total Revenue 1Excludes net gains / (losses) on sales of debt securities 11

Financial Updates December 31, 2025 12

Balance Sheet Highlights Dollars in Thousands (000’s) As of 12/31/2025 As of 12/31/2024 As of 12/31/2023 As of 12/31/2022 As of 12/31/2021 As of 12/31/2020 Total Assets $2,239,018 $2,197,841 $1,836,039 $1,699,579 $1,773,806 $1,535,038 Cash and Cash Equivalents $127,721 $203,613 $23,140 $64,899 $175,149 $57,146 Debt Securities AFS (Fair Value) $454,586 $508,604 $472,503 $486,836 $529,811 $396,940 Net Loans $1,540,583 $1,380,424 $1,240,933 $1,036,866 $983,746 $992,915 Deposits $1,835,772 $1,815,647 $1,537,978 $1,551,448 $1,584,359 $1,354,573 Shareholders’ Equity $175,242 $144,716 $132,136 $114,197 $157,065 $145,176 13

Investment AFS Portfolio $36,330 $45,550 $45,657 $38,733 $31,079 $27,281 $8,453 $30,666 $65,950 $104,005 $149,170 $111,668 $72,241 $122,669 $105,278 $93,858 $138,742 $129,860 $20,288 $24,939 $24,239 $23,198 $24,224 $14,675 $247,054 $212,227 $155,455 $138,618 $133,592 $137,839 $12,574 $12,571 $93,760 $4,094 $90,257 ($61,497) $74,091 ($49,416) $31,797 ($45,449) $33,263 ($26,818) 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 U.S. Treasury Municipal Corporate Agency MBS / CMO Non-Agency MBS / CMO Asset-Backed Unrealized (Loss) / Gain 1Included in reported fair values 14

Diversified Loan Portfolio $5,577 $6,406 $6,199 $6,815 $8,853 $9,657 $145,279 $140,669 $118,443 $115,018 $108,545 $101,958 $218,893 4.05% $225,084 3.86% $242,578 4.14% $303,749 5.16% $355,262 5.65% $422,511 5.84% $135,978 $103,874 $117,159 $127,636 $122,052 $123,541 $266,359 $257,782 $248,216 $300,256 $357,888 $387,546 $237,618 $67,736 $264,997 $69,900 $318,446 $70,609 $403,511 $97,811 $445,477 $107,167 $516,025 $100,782 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Non Owner-Occupied CRE Owner-Occupied CRE Commercial 1-4 Family Sate / Muni Loans Consumer Purchased Participations Loan Yields 1Purchased participations are included as part of the loans outstanding; 2Fully tax equivalent 15

Largest Commercial Real Estate Concentrations 241.10% 234.40% 239.30% 290.70% 332.90% 382.22% $60,343 $49,160 $43,812 $62,439 $66,645 $97,047 $35,556 $30,938 $55,428 $68,478 $82,518 $87,934 $54,153 $50,105 $58,382 $87,137 $92,926 $92,828 $72,079 $75,839 $81,283 $80,670 $97,460 $102,194 $24,459 $69,723 $96,515 $120,180 $146,661 $181,741 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Apartment Units Hotel & Motel Office Shopping Center Land Development CRE / Risk-Based Capital 1Primarily in South Central Pennsylvania; 2Regulatory CRE concentration ratio 16

Credit Quality 0.87 0.65 0.74 0.44 0.01 0.36 0.01 0.42 0.02 0.57 0.55 0.63 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Nonperforming Loans / Gross Loans UBPR Peer Group 1Nonperforming loans = nonaccrual loans, loans 90 days past due; 2Peer group data as of 9/30/2025 for banks $1 to $3 billion in assets 17

Deposits by Category $76,165 $74,253 $57,390 $132,446 $315,905 $224,323 $409,178 $511,969 $496,532 $454,517 $417,870 $431,843 $610,170 $699,734 $698,295 $677,965 $791,526 $869,355 $259,060 11.1% $298,403 9.0% $299,231 8.5% $273,050 8.9% $290,346 15.4% $310,251 13.1% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 $8,677 12/31/2024 $87,057 12/31/2025 $22,057 Non-Interest Banking checking MMA & Savings Interest Bearing Checking Time Time-Brokered Total Uninsured / Uncollateralized 1Brokered deposits are included as part of time deposits 18

Cost of Deposits 0.28 0.12 0.23 1.23 1.89 1.85 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Average cost year-to-date for all periods 19

Liquidity Available at December 31, 2025 Dollars in Thousands (000’s) Liquidity Source Capacity Outstanding Available Federal Home Loan Bank $734,597 $200,000 $534,597 Federal Reserve Bank Discount Window $131,072 $ – $131,072 Correspondent Banks $76,000 $ – $76,000 Total $941,669 $200,000 $741,669 Excess Cash $105,275 On-Balance Sheet Liquidity + Borrowing Capacity / Total Deposits 53.00% On-Balance Sheet Liquidity + Borrowing Capacity / Uninsured & Uncollateralized Deposits 403.44% 20

Wealth Management $836,382 $946,975 $904,323 $1,094,779 $1,169,290 $1,273,421 $112,624 $60,060 $118,046 $100,457 $116,398 $147,454 $135,423 $217,891 $139,872 $109,604 $147,880 $153,866 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Brokerage Trust New Assets Under Management (YTD) 21

Income Statement Highlights Dollars in Thousands (000’s) Year Ended 12/31/2025 Year Ended 12/31/2024 Year Ended 12/31/2023 Year Ended 12/31/2022 Year Ended 12/31/2021 Year Ended 12/31/2020 Interest Income $114,371 $101,451 $76,762 $56,449 $47,573 $45,939 Interest Expense $44,725 $43,937 $23,125 $4,863 $2,902 $3,978 Provision for Credit Losses $2,899 $1,983 $2,724 $650 ($2,100) $4,625 Noninterest Income1 $19,176 $17,946 $15,970 $15,341 $19,361 $15,055 Noninterest Expense $59,656 $55,895 $50,011 $48,691 $43,245 $39,362 Net Income $21,226 $11,099 $13,598 $14,938 $19,616 $12,800 1Excludes net securities gains/losses in all periods 22

Key Performance Measures Dollars in Thousands (000’s) Year Ended 12/31/2025 Year Ended 12/31/2024 Year Ended 12/31/2023 Year Ended 12/31/2022 Year Ended 12/31/2021 Year Ended 12/31/2020 Interest Income $114,371 $101,451 $76,762 $56,449 $47,573 $45,939 Interest Expense $44,725 $43,937 $23,125 $4,863 $2,902 $3,978 Provision for Credit Losses $2,899 $1,983 $2,724 $650 ($2,100) $4,625 Noninterest Income1 $19,176 $17,946 $15,970 $15,341 $19,361 $15,055 Noninterest Expense $59,656 $55,895 $50,011 $48,691 $43,245 $39,362 Net Income $21,226 $11,099 $13,598 $14,938 $19,616 $12,800 1See GAAP versus Non-GAAP reconciliation; 2Excludes net gains / (losses) on sales of debt securities 23

Balance Sheet Strength Percent (%) As of 12/31/2025 As of 12/31/2024 As of 12/31/2023 As of 12/31/2022 As of 12/31/2021 As of 12/31/2020 Risk-Based Capital Ratio (Total) 13.27 13.85 14.45 17.21 18.41 17.69 Leverage Ratio (Tier 1) 8.17 7.92 9.01 8.95 8.52 8.69 Common Equity Ratio (Tier 1) 11.45 11.31 11.82 14.22 15.20 14.32 Tangible Common Equity Ratio 7.45 6.20 6.74 6.16 8.30 8.82 Tangible Common Equity Ratio excluding AOCI 8.42 7.82 8.98 9.16 8.33 8.61 Nonperforming Assets1 / Total Assets 0.38 0.01 0.01 0.01 0.42 0.57 Allowance for Credit Losses as a % of Loans 1.32 1.26 1.28 1.35 1.51 1.66 Allowance for Credit Losses to Nonaccrual Loans 242.63 NM2 NM3 NM4 204.04 192.89 1Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned; 2Not meaningful = 6,636.47%; 3Not meaningful = 10,919.73%; 4Not meaningful = 11,812.50% 24

Market Statistics1 Per Share Measure / Market Valuation Year End 12/31/2025 Year End 12/31/2024 Year End 12/31/2023 Year End 12/31/2022 Year End 12/31/2021 Year End 12/31/2020 Diluted Earnings Per Share $4.74 $2.51 $3.10 $3.36 $4.42 $2.93 Cash Dividend Yield 2.61% 4.28% 4.06% 3.55% 3.87% 4.44% Regular Cash Dividends Paid Per Share $1.31 $1.28 $1.28 $1.28 $1.25 $1.20 Dividend Payout Ratio 27.54% 50.72% 41.15% 37.88% 28.16% 40.83% Market Value Per Share $50.20 $29.90 $31.55 $36.10 $33.10 $27.03 Book Value Per Share $39.11 $32.69 $30.23 $26.01 $35.36 $33.07 Tangible Book Value Per Share2 $37.10 $30.65 $28.17 $23.96 $33.34 $31.02 Market Cap ($M) $224.95 $132.37 $137.91 $158.48 $147.00 $118.63 Price / Book Value (%) 128.36% 91.47% 104.37% 138.79% 93.61% 81.74% Price / Tangible Book Value (%) 135.33% 97.54% 112.01% 150.67% 99.29% 87.13% Price / Earnings Multiple 10.59 11.91 10.18 10.74 7.49 9.23 1As of or for the year ended; 2See GAAP versus Non-GAAP reconciliation 25

Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank 26

Appendix 27

GAAP / Non-GAAP Reconciliation Tangible Book Value (Per Share) (Non-GAAP) Dollars in Thousands (000’s), Except Per Share As of 12/31/2025 As of 12/31/2024 As of 12/31/2023 As of 12/31/2022 As of 12/31/2021 As of 12/31/2020 Shareholders’ Equity $ 175,242 $ 144,716 $ 132,136 $ 114,197 $ 157,065 $ 145,176 Less Intangible Assets 9,016 9,016 9,016 9,016 9,016 9,016 Tangible Shareholders’ Equity (Non-GAAP) 166,226 135,700 123,120 105,181 148,049 136,160 Less AOCI (21,589) (35,508) (40,940) (51,287) (547) 3,190 Tangible Shareholders’ Equity Excluding AOCI (Non-GAAP) 187,815 171,208 164,060 156,468 148,596 132,970 Total Assets 2,239,018 2,197,841 1,836,039 1,699,579 1,773,806 1,535,038 Less Intangible Assets 9,016 9,016 9,016 9,016 9,016 9,016 Total Tangible Assets (Non-GAAP) $ 2,230,002 $ 2,188,825 $ 1,827,023 $ 1,690,563 $ 1,764,790 $ 1,526,022 Tangible Common Equity Ratio (Non-GAAP) 7.45% 6.20% 6.74% 6.22% 8.39% 8.92% Tangible Common Equity Ratio Excluding AOCI (Non-GAAP) 8.42% 7.82% 8.98% 9.26% 8.42% 8.71% Shares Outstanding (In Thousands) 4,481 4,427 4,371 4,390 4,441 4,389 Tangible Book Value Per Share (Non-GAAP) $ 37.10 $ 30.65 $ 28.17 $ 23.96 $ 33.34 $ 31.02 28

GAAP / Non-GAAP Reconciliation Net Income Excluding Securities Losses / Gains (non-GAAP) Dollars in Thousands (000’s) Year End 12/31/2025 Year End 12/31/2024 Year End 12/31/2023 Year End 12/31/2022 Year End 12/31/2021 Year End 12/31/2020 Securities (Losses) / Gains as Reported $ - $ (4,267) $ (1,119) $ (91) $ 127 $ 29 Securities (Losses) / Gains as Reported, Net of Tax Benefit (Non-GAAP) - (3,371) (884) (72) 100 23 Noninterest Income as Reported 19,176 13,679 14,851 15,250 19,488 15,084 Plus Securities (Losses) / Gains - 4,267 1,119 91 (127) (29) Noninterest Income Excluding Securities (Losses) / Gains, Net of Tax Benefit (Non-GAAP) 19,176 17,946 15,970 15,341 19,361 15,055 Net Income as Reported 21,226 11,099 13,598 14,938 19,616 12,800 Plus Securities (Losses) / Gains, Net of Tax Benefit - 3,371 884 72 (100) (23) Net Income Excluding Securities (Losses) / Gains, Net of Tax Benefit (Non-GAAP) $ 21,226 $ 14,470 $ 14,482 $ 15,010 $ 19,516 $ 12,777 Return on Average Assets as Reported (ROAA) 0.94% 0.54% 0.78% 0.83% 1.17% 0.91% ROAA Excluding Securities (Losses) / Gains, Net of Tax Benefit (Non-GAAP) 0.94% 0.70% 0.83% 0.84% 1.17% 0.90% Return on Average Equity as Reported (ROAE) 13.55% 8.05% 11.39% 11.64% 13.20% 9.56% ROAE Excluding Securities (Losses) / Gains, Net of Tax Benefit (Non-GAAP) 13.55% 10.50% 12.13% 11.70% 13.13% 9.54% 29

GAAP / Non-GAAP Reconciliation Efficiency Ratio Dollars in Thousands (000’s) Year End 12/31/2025 Year End 12/31/2024 Year End 12/31/2023 Year End 12/31/2022 Year End 12/31/2021 Year End 12/31/2020 Noninterest Expense $ 59,656 $ 55,895 $ 50,011 $ 48,691 $ 43,245 $ 39,362 Net Interest Income 69,646 57,514 53,637 51,586 44,671 41,961 Plus Tax Equivalent Adjustment to Net Interest Income 904 938 1,094 1,381 1,466 1,407 Plus Noninterest Income, Net of Securities Transactions1 19,183 17,737 15,954 15,410 19,271 15,104 Total Revenue $ 89,733 $ 76,189 $ 70,685 $ 68,377 $ 65,408 $ 58,472 Efficiency Ratio (Non-GAAP) 66.48% 73.36% 70.75% 71.21% 66.12% 67.32% 1Excludes net gains / (losses) on sales of debt securities 30