FRAF 8-K/A
Franklin Financial Services Corp /Pa/ (FRAF)
1
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report:
FRANKLIN FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its new charter)
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(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:
Securities registered pursuant to Section 12(b) of the Act:
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Title of class | Symbol | Name of exchange on which registered |
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. ¨
This Amendment to the Current Report on Form 8-K amends Exhibit 99.1 of the Current Report on Form 8-K filed on July 24, 2026 (the “Original Form 8-K”) to reflect the current quarter’s Investor Presentation. No other changes have been made to the Original Form 8-K.
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
(c) Exhibits. The following exhibits are filed herewith:
Number Description
99.1 Investor Presentation, dated July 24, 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
By: /s/ Charles B. Carroll, Jr.
Charles B. Carroll, Jr.
President
Dated: July 24, 2026
Exhibit 99.1
Corporate Headquarters – Chambersburg, PA Investor Presentation Second Quarter 2026 Highlights Franklin Financial Services Corporation F&M TRUST 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. Franklin Financial Services Corporation F&M TRUST 2
About Our Company As of June 30, 2026 Total Assets $2.3B Total Loans $1.6B Total Deposits $1.9B Market Cap @281M Four Pillars of Priority LOW-COST DEPOSIT FRANCHISE: 34% deposit market share in Franklin County WEALTH MANAGEMENT: Expanding AUM ($1.5B) of differentiated wealth management business drives non-interest income ASSET QUALITY: 0.27% 5-year average NPL / Gross Loans 0.03% 5-year average Net Charge-offs IMPROVING PROFITABILITY: Q2 2026 1.14% ROA Franklin Financial Services Corporation F&M TRUST 3
2nd Quarter 2026 | Financial Highlights Earnings & Profitability Diluted earnings per share (EPS) | $ 1.47 | $ 1.48 | $ 1.32 Net income (thousands) | $ 6,611 | $ 6,637 | $ 5,908 Net interest margin¹ (NIM) | 3.50% | 3.53% | 3.21% Return on average assets (ROA) | 1.14% | 1.20% | 1.04% Return on average equity (ROE) | 14.80% | 15.13% | 15.64% Dividend per share | $ 0.34 | $ 0.33 | $ 0.33 Balance Sheet & Capital Total loans (thousands) | $ 1,610,619 | $1,572,426 | $ 1,519,157 Total deposits (thousands) | $ 1,924,588 | $1,889,710 | $ 1,893,471 Common equity ratio (Tier 1) | 11.93% | 11.61% | 10.91% Tangible common equity ratio | 7.52% | 7.42% | 6.51% Tangible book value per share² | $ 39.90 | $ 37.78 | $ 33.20 Asset Quality Nonperforming assets³ (NPA) / Total assets | 0.76% | 0.37% | 0.47% Allowance for credit losses (ACL) / Total loans | 1.36% | 1.32% | 1.25% Net Income $6.6 million Wealth Management AUM $1.5B ROA 1.14% ROE 14.80% EPS $1.47 NIM1 3.50% Cost of Deposits 1.50% Yield on Earning Assets1 5.22% 1 Fully taxable equivalent 2 Non-GAAP measurement. See GAAP / Non-GAAP Reconciliation 3 Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned Franklin Financial Services Corporation F&M TRUST 4
Founded in 1906, F&M Trust Operates in South-Central Pennsylvania and Northern Maryland 22 Locations Serving South Central PA and Washington county MD Primary Trade Area Expanded Trade area Offering Wealth Management, commercial Financing, and Residential Lending Services. Franklin Financial Services Corporation F&M TRUST 5
Experienced and Cohesive Executive Team Executive Title Years of Banking Experience Joined F&M Trust Prior Experience Craig W. Best Chief Executive Officer 42 2025 Peoples Security Bank & Trust, First Commonwealth Bank, Equitable Bank Charles B. Carroll, Jr. President & Chief Operating Officer 31 2023 S&T Bank, FirstMerit / Huntington National Bank, BBVA Compass Mark R. Hollar Senior Executive Vice President, Chief Financial Officer & Treasurer 37 1994 ValleyBank & Trust Lorie M. Heckman, CERP, CRCM Executive Vice President, Chief Risk Officer 39 1986 F&M Trust, Vice President of Compliance and Security Steven D. Butz Executive Vice President, Chief Commercial Services Officer 40 2013 PNC, Waypoint, Sovereign, Graystone Tower, Susquehanna Bank Louis J. Giustini Senior Vice President, Chief Retail Services Officer 37 2022 Hagerstown Trust, Columbia Bank, Fulton Bank Karen K. Carmack, DM Senior Vice President, Chief Human Resources Officer 30 2000 ACNB Matthew D. Weaver Senior Vice President, Chief Marketing Officer 25 2014 Susquehanna Bank, Clifton LarsonAllen, IMRE David M. Long Senior Vice President, Chief Technology Officer 18 2022 Howard Bank Franklin Financial Services Corporation F&M TRUST 6
Net Interest Income ($thousands) Annual $44,671 $51,586 $53,637 $57,514 $69,648 3.08% 3.40% 4.70% 5.16% 5.31% 2.88% 3.11% 3.31% 2.95% 3.25% 0.24% 0.36% 1.75% 2.68% 2.50% 2021 2022 2023 2024 2025 Quarterly 5.30% 5.28% 5.22% 3.21% 3.53% 3.50% 2.52% 2.16% 2.14% $17,238 $18,521 $19,347 Q2 2025 Q1 2026 Q2 2026 1Fully taxable equivalent Franklin Financial Services Corporation F&M TRUST 7
Diversified Non-Interest Income1 ($thousands) Annual 27.80% 23.00% 22.93% 23.48% 21.60% $3,231 $3,093 $3,594 $3,821 $4,437 $2,170 $1,868 $2,157 $2,279 $2,370 $2,258 $2,527 $2,492 $2,448 $2,535 $2,430 $770 $199 $585 $872 $7,111 $7,152 $7,512 $8,538 $9,169 2021 2022 2023 2024 2025 Quarterly 22.84% 20.95% 21.02% $1,331 $1,018 $1,029 $608 $618 $632 $613 $647 $694 $132 $318 $227 $2,419 $2,306 $2,567 Q2 2025 Q1 2026 Q2 2026 1Excludes BOLI gains, gains on sale of assets, and gains on sale of securities Franklin Financial Services Corporation F&M TRUST 8
Wealth Management Growth Drives Non-Interest Income and Profitability Assets Under Management (as of 6/30/2026) $1.5B AUM Average Annual Growth $146M Annual Wealth Management Fees (2025) $9.2m Annual Wealth Management Profit (2025) $5.2m Non-interest Income from Wealth Management (2025) 48% Wealth Management AUM and Fees Brokerage AUM Trust AUM WM Fee Comprehensive Wealth Solutions F&M Trust's Wealth Management division has served clients since 1906, offering a full suite of fiduciary, investment, and financial planning services through two integrated channels—Trust & Estate Services and Brokerage—operating across South-Central Pennsylvania and Northern Maryland. Trust & Estate Services Guardianships, Personal trusts, estate settlement, and charitable trust administration with full fiduciary accountability. Investment Management Customized portfolio strategies, asset allocation, and ongoing monitoring for individuals, families, and institutions. Financial Planning Comprehensive planning for retirement, education funding, insurance needs, and long-term wealth transfer goals. Brokerage Services Access to a broad range of investment products including stocks, bonds, mutual funds, and annuities through licensed advisors. 15-year annual average growth. Includes assets from new and existing clients and excludes increases attributable to market appreciation. Franklin Financial Services Corporation F&M TRUST 9
Deposits ($thousands) Balances $74,253 $57,390 $1,324,466 $315,905 $224,323 $228,652 $119,908 $128,709 $105,907 $96,646 $98,124 $97,722 $579,826 $869,586 $572,058 $694,880 $771,231 $848,023 $511,989 $496,532 $454,517 $417,870 $431,843 $409,088 19% 19% 18% 16% 17% 1800% $298,403 $299,231 $273,050 $290,346 $310,251 $341,103 AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 12/31/2026 DDA Interest checking MMA Savings Time DDA / Total Deposits Cost of Deposits 4.33% 4.77% 4.63% 4.13% 3.98% 3.83% 3.65% 3.49% 2.37% 2.46% 2.38% 2.25% 2.18% 2.02% 1.83% 1.82% 1.96% 2.06% 2.02% 1.90% 1.83% 1.48% 1.52% 1.50% 2.02% 1.89% 1.82% 1.78% 1.74% 1.63% 1.50% 1.54% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Interest-bearing non-maturity deposits Certificates of deposit Total interest-bearing deposits Total deposits Franklin Financial Services Corporation F&M TRUST 10
Diversified Loan Portfolio ($thousands) Annual Quarterly 3.86% 4.14% 5.16% 5.65% 5.84% 5.88% $6,406 $6,199 $6,815 $8,853 $9,665 $8,234 $140,669 $118,443 $115,018 $108,545 $101,958 $99,157 $225,084 $244,949 $303,749 $355,262 $422,511 $447,140 $103,874 $117,159 $127,636 $122,052 $123,541 $106,722 $522,797 $69,900 $564,291 $70,609 $703,767 $97,811 $803,365 $107,167 $903,571 $100,782 $949,366 $96,426 AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 12/31/2026 Commercial real estate Commercial 1-4 Family residential State/Muni loans Purchased Participations Consumer Loan Yield 1Fully taxable equivalent 2Included as part of the loans outstanding. Total loans purchased was 36 as of 6/30/2026. Excludes loans held-for-sale Franklin Financial Services Corporation F&M TRUST 11
Largest Non-owner Occupied CRE Concentrations ($thousands) Annual Quarterly 234.4% 239.3% 290.7% 332.9% 349.9% 348.2% $27,042 $36,838 $63,654 $68,569 $68,241 $73,841 $46,811 $40,738 $58,074 $60,102 $88,884 $97,768 $70,299 $81,283 $80,670 $79,197 $102,194 $105,836 $30,733 $55,238 $68,303 $82,360 $87,933 $95,705 $53,599 $80,905 $103,723 $132,894 $163,356 $161,924 AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 Apartment units Shopping center Hotel & Motel Land development Office CRE concentration 1Regulatory CRE concentration ratio Franklin Financial Services Corporation F&M TRUST 12
Credit Quality Nonperforming assets (NPA/Total assets 0.42% 0.01% 0.01% 0.01% 0.38% 0.76% AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 Net (Charge-offs)Recoveries / Average loans 0.04% -0.15% -0.20% -0.03% 0.00% -0.12% AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 Allowance fore credit losses / Gross loans 1.51% 1.35% 1.28% 1.26% 1.32% 1.36% AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 Nonperforming Loans / Gross Loans 0.74% 0.01% 0.01% 0.02% 0.55% 1.10% AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 1 Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned 2 Nonperforming loans = nonaccrual loans and loans 90-days past due Franklin Financial Services Corporation F&M TRUST 13
Capital 18.41% 17.21% 14.45% 13.85% 13.27% 13.77% 15.20% 14.22% 11.82% 11.31% 11.45% 11.93% 8.42% 9.26% 8.98% 7.82% 8.42% 8.52% 8.39% 8.95% 9.01% 7.92% 8.17% 8.44% 8.52% 6.22% 6.74% 6.20% 7.45% 7.82% AS of 12/31/2021 AS of 12/31/2022 AS of 12/31/2023 AS of 12/31/2024 AS of 12/31/2025 AS of 06/30/2026 Risk-based capital (Total) Leverage ratio (Tier 1) Common equity ratio (Tier 1) Tangible common equity ratio Tangible common equity ratio excluding AOCI 1 Non-GAAP measurement. See GAAP/Non-GAAP Reconciliation Franklin Financial Services Corporation F&M TRUST 14
Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank Investor Relations Officer Amanda Ducey 717-261-3553 [email protected]
Appendix Franklin Financial Services Corporation F&M TRUST
Summary Performance Metrics Q2 2026 Q1 2026 Q2 2025 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 Diluted earnings per share $ 1.47 $ 1.48 $ 1.32 $ 4.74 $ 2.51 $ 3.10 $ 3.36 $ 4.42 Net overhead ratio¹ 1.63% 1.89% 1.64% 1.79% 1.84% 1.94% 1.86% 1.56% Return on average assets 1.14% 1.20% 1.04% 0.94% 0.54% 0.78% 0.83% 1.17% Net interest margin² 3.50% 3.53% 3.21% 3.25% 2.95% 3.31% 3.11% 2.88% Dividend per share $ 0.34 $ 0.33 $ 0.33 $ 1.31 $ 1.28 $ 1.28 $ 1.28 $ 1.25 Market value per share $ 62.60 $ 51.08 $ 34.63 $ 50.20 $ 29.90 $ 31.55 $ 36.10 $ 33.10 Book value per share $ 40.91 $ 39.78 $ 35.22 $ 39.11 $ 32.69 $ 30.23 $ 26.01 $ 35.36 Tangible book value per share³ $ 38.90 $ 37.78 $ 33.20 $ 37.10 $ 30.65 $ 28.17 $ 23.96 $ 33.34 Market cap ($M) $ 281.31 $ 229.50 $ 154.73 $ 224.95 $ 132.37 $ 137.91 $ 158.48 $ 147.00 1 Net Overhead Ratio = (Noninterest Expense – Noninterest Income + BOLI Gains + Gain on Sale of Assets + Gains on sale of Securities) / Average Assets 2 Fully taxable equivalent 3 Non-GAAP measurement. See GAAP / Non-GAAP Reconciliation Franklin Financial Services Corporation F&M TRUST 17
GAAP / Non-GAAP Réconciliation As-of 6/30/2026 As-of 3/31/2026 As-of 6/30/2025 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 ($thousands) Shareholders' equity $ 183,845 $ 178,744 $ 157,354 $ 175,242 $ 144,716 $ 132,136 $ 114,197 $ 157,065 Less: intangible assets 9,016 9,016 9,016 9,016 9,016 9,016 9,016 9,016 Tangible shareholders' equity (Non-GAAP) 174,829 169,728 148,346 166,226 135,700 123,120 105,181 148,049 Less AOCI (23,458) (23,265) (30,784) (21,589) (35,508) (40,940) (51,287) (547) Tangible shareholders' equity excluding AOCI (Non-GAAP) 198,287 192,993 179,132 187,815 171,208 164,060 156,468 148,596 Total assets 2,335,181 2,297,518 2,286,745 2,239,018 2,197,841 1,836,039 1,699,579 1,773,806 Less: intangible assets 9,016 9,016 9,016 9,016 9,016 9,016 9,016 9,016 Total tangible assets (Non-GAAP) 2,326,165 2,288,502 2,277,729 2,230,002 2,188,825 1,827,023 1,690,563 1,764,790 Tangible common equity ratio (Non-GAAP) 7.52% 7.42% 6.51% 7.45% 6.20% 6.74% 6.22% 8.39% Tangible common equity ratio excluding AOCI (Non-GAAP) 8.52% 8.43% 7.86% 8.42% 7.82% 8.98% 9.26% 8.42% Shares outstanding (thousands) 4,494 4,493 4,465 4,481 4,427 4,371 4,390 4,441 Tangible book value per share (Non-GAAP) $ 38.90 $ 37.78 $ 33.20 $ 37.10 $ 30.65 $ 28.17 $ 23.96 $ 33.34 Franklin Financial Services Corporation F&M TRUST 18