Franklin Financial Services Corporation · NASDAQ:FRAF
Franklin Financial Services — Q2 2026 Earnings Presentation
18 slides from Franklin Financial Services's earnings presentation, Jul 24, 2026
Slide 1: Second Quarter 2026 Highlights
Corporate Headquarters – Chambersburg, PA Investor Presentation Second Quarter 2026 Highlights Franklin Financial Services Corporation F&M TRUST Stock Symbol: FRAF (Nasdaq)
Slide 2: Forward Looking Statements
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 cu
Slide 3: About Our Company
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 driv
Slide 4: 2nd Quarter 2026 Financial Highlights
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 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. Franklin Financial Service
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 $51,586 $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 $19,347 Q2 2025 Q1 2026 Q
Slide 8: Diversified Non-Interest Income
Diversified Non-Interest Income1 ($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.
Slide 9: Wealth Management Growth Drives Non-Interest Income and Profitability
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) $5.2m Non-interest Income from Wealth Management (2025) 48% Wealth M
Slide 10: Deposits
Deposits ($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 $29
Slide 11: Diversified Loan Portfolio
Diversified Loan Portfolio ($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 $522
Slide 12: Largest Non-owner Occupied CRE Concentrations
Largest Non-owner Occupied CRE Concentrations ($thousands) Annual Quarterly 234.4% 239.3% 290.7% 332.9% 349.9% 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,
Slide 13: Credit Quality
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 1
Slide 14: Capital
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 06/30/202
Slide 15: Stock Symbol: FRAF (Nasdaq) and Investor Relations
Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank Investor Relations Officer Amanda Ducey 717-261-3553 amanda.ducey@f-mtrust.com
Slide 16: Appendix
Appendix Franklin Financial Services Corporation F&M TRUST
Slide 17: Summary Performance Metrics
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%
Slide 18: GAAP / Non-GAAP Reconciliation
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 asset
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