Franklin Financial Services Corporation · NASDAQ:FRAF
Franklin Financial Services — Q1 2026 Earnings Presentation
18 slides from Franklin Financial Services's earnings presentation, Jul 24, 2026
Slide 1: First Quarter 2026 Highlights
Investor Presentation First Quarter 2026 Highlights Stock Symbol: FRAF (Nasdaq) Franklin Financial Services Corporation F&M TRUST
Slide 2: 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 fu
Slide 3: About Our Company
About Our Company Four Pillars of Priority Total Assets $2.3B Total Loans $1.6B LOW-COST DEPOSITS FRANCHISE: 34% deposit market share in Franklin County WEALTH AMANGEMENT: Expanding AUM ($1.4B) of differentiated wealth management business drives non-interest income Total Deposits $1.9B Market Cap $2
Slide 4: 1st Quarter 2026 Financial Highlights
1st Quarter 2026 | Financial Highlights Earnings & Profitability Q1-2026 Q4-2025 Q1-2025 Diluted earnings per share (EPS) $ 1.48 $ 1.35 $ 0.88 Net income (thousands) $ 6,637 $ 6,043 $ 3,922 Net interest margin1 (NIM) 3.53% 3.40% 3.05% Return on average assets (ROA) 1.20% 1.05% 0.72% Return on averag
Slide 5: Founded in 1906, F&M Trust Operates in South-Central Pennsylvania and Northern Maryland
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 5 Franklin Financial Servic
Slide 6: Experienced and Cohesive Executive Team
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 20
Slide 7: Net Interest Income
Net Interest Income ($thousands) Annual $44,671 $51,588 $53,637 $57,514 $69,648 3.08% 3.40% 4.70% 5.16% 5.31% 2.88% 3.11% 3.31% 2.95% 3.25% 0.24% 0.36% 1.75% 2.68% 2.50% 2021 2022 2023 2024 2025 Net interest income Interest-earning asset yield Interest-bearing liability cost Net interst margin Quart
Slide 8: Diversified Non-Interest Income
Diversified Non-Interest Income ($thousands) Annual 27.80% 23.00% 22.93% 23.48% 21.60% $3,231 $3,093 $3,594 $3,821 $4,437 $2,170 $1,888 $2,157 $2,279 $2,370 $2,258 $2,527 $2,492 $2,448 $2,535 $2,430 $770 $199 $565 $672 $7,111 $7,152 $7,512 $8,538 $9,169 2021 2022 2023 2024 2025 Quarterly 22.65% 20.1
Slide 9: Wealth Management AUM
Wealth Management AUM ($thousands) $946,975 $904,523 $1,094,779 $169,290 $1,273,421 $1,271,068 $100,457 $147,454 $217,891 $109,604 $153,886 $27,509 $118,046 $116,398 $135,423 $139,872 $147,880 $145,477 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 3/31/20
Slide 10: Deposits by Category
Deposits by Category Deposits $74,253 $57,390 $132,446 $315,905 $224,323 $238,558 $119,908 $128,709 $105,907 $96,646 $98,124 $98,637 $579,826 $569,586 $572,058 $694,880 $771,231 $801,650 $511,969 $496,532 $454,517 $417,870 $431,843 $419,207 19% 19% 18% 16% 17% 18% $298,403 $299,231 $273,050 $290,346
Slide 11: Diversified Loan Portfolio
Diversified Loan Portfolio Annual Quarterly ($thousands) 3.86% 4.14% 5.16% 5.65% 5.84% 5.87% $6,406 $6,199 $6,815 $8,853 $9,657 $10,728 $140,669 $118,443 $115,018 $108,545 $101,958 $99,341 $225,084 $244,949 $303,749 $355,262 $422,511 $438,624 $103,874 $117,159 $127,638 $122,052 $123,541 $114,666 $52
Slide 12: Largest Non-owner Occupied CRE Concentrations
Largest Non-owner Occupied CRE Concentrations ($thousands) Annual Quarterly 234.4% 239.3% 290.7% 332.9% 349.9% 344.7% $27,042 $36,838 $63,654 $68,569 $68,241 $68,931 $30,733 $55,238 $68,303 $82,360 $87,933 $95,832 $46,811 $40,738 $58,074 $60,102 $88,884 $93,736 $70,299 $81,283 $80,670 $79,197 $102,1
Slide 13: Credit Quality
Credit Quality Nonperforming assets1 (NPA) / Total assets 0.42% 0.01% 0.01% 0.01% 0.38% 0.37% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 Allowance for credit losses / Gross loans 1.51% 1.35% 1.28% 1.26% 1.32% 1.32% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/202
Slide 14: Capital
Capital 18.41% 17.21% 14.45% 13.85% 13.27% 13.66% 15.20% 14.22% 11.82% 11.31% 11.45% 11.81% 8.42% 9.26% 8.98% 7.82% 8.42% 8.43% 8.39% 8.95% 9.01% 7.92% 8.17% 8.57% 8.52% 6.22% 6.74% 6.20% 7.45% 7.42% 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 3/31/2026
Slide 15: Stock Symbol: FRAF (Nasdaq) and Investor Relations contact
Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank Investor Relations Officer Amanda Ducey 717-261-3553 amanda.ducey@f-mtrust.com Franklin Financial Services Corporation F&M TRUST
Slide 16: Appendix
Appendix Franklin Financial Services Corporation F&M TRUST
Slide 17: Summary Performance Metrics
Summary Performance Metrics Q1 2026 Q4 2025 Q1 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 $ 1.48 $ 1.35 $ 0.88 $ 4.74 $ 2.51 $ 3.10 $ 3.36 $ 4.42 Net overhead ratio1 1.89% 1.88% 1.99% 1.79% 1.84% 1.94%
Slide 18: GAAP / Non-GAAP Reconciliation
GAAP / Non-GAAP Reconciliation ($thousands) As-of 3/31/2026 As-of 3/31/2025 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 Shareholders' equity $ 178,744 $ 151,391 $ 175,242 $ 144,716 $ 132,136 $ 114,197 $ 157,065 Less intangible assets 9,016 9,016 9,016 9,016 9
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