Franklin Financial Services Corporation · NASDAQ:FRAF
Franklin Financial Services — Shareholder Meeting (April 2021)
33 slides from Franklin Financial Services's shareholder meeting presentation, Apr 27, 2021
Slide 1: Annual Meeting April 27, 2021
Annual Meeting April 27, 2021 F&M TRUST Franklin Financial Services Corporation 1
Slide 2: Call to Order
Call to Order G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 2
Slide 3: Invocation
Invocation Pam Johns F&M TRUST Franklin Financial Services Corporation 3
Slide 4: Minutes of Last Meeting
Minutes of Last Meeting G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 4
Slide 5: Forward Looking Statements
Forward Looking Statements In order to help you to better understand the business of the Company – where we have been and where we want to go – my remarks today (and those of other Company officers who will speak or respond to questions) will include forward looking statements relating to anticipate
Slide 6: Introduction
Introduction G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 6
Slide 7: Board of Directors – Retirement
Board of Directors – Retirement Donald A. Fry Director since 1998 Served on the Executive, Compensation and Personnel and Trust Committees Currently serves as Chairman of the Board of ANDOCO, Inc. which trades as Cumberland Valley Rental Thank you, Don! F&M TRUST Franklin Financial Services Corporat
Slide 8: Board of Directors
Board of Directors G. Warren Elliott Chairman of the Board Timothy (Tim) G. Henry President & CEO Martin R. Brown Kevin W. Craig F&M TRUST Franklin Financial Services Corporation 8
Slide 9: Board of Directors
Board of Directors Gregory A. Duffey Daniel J. Fisher Allan E. Jennings, Jr. Stanley J. Kerlin F&M TRUST Franklin Financial Services Corporation 9
Slide 10: Board of Directors
Board of Directors Patricia D. Lacy Donald H. Mowery Kimberly M. Rzomp F&M TRUST Franklin Financial Services Corporation 10
Slide 11: Legal counsel, Judge of Elections and auditor representatives
Nick Bybel Partner, Bybel Rutledge LLP Joyce Riley Assistant Corporate Secretary – Judge of Elections Bill Brewer Crowe LLP F&M TRUST Franklin Financial Services Corporation 11
Slide 12: Chairman Comments
Chairman Comments G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 12
Slide 13: G. Warren Elliott, Chairman of the Board
G. Warren Elliott Chairman of the Board F&M TRUST Franklin Financial Services Corporation 13
Slide 14: Election of Directors
Election of Directors G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 14
Slide 15: Director Nominees
Kevin W. Craig Daniel J. Fisher Donald H. Mowery F&M TRUST Franklin Financial Services Corporation 15
Slide 16: Say-On-Pay Vote
Say-On-Pay Vote G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 16
Slide 17: Selection of Auditors
Selection of Auditors G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 17
Slide 18: Polls Open
Polls Open G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 18
Slide 19: Financial Overview
Financial Overview Mark R. Hollar, CFO F&M TRUST Franklin Financial Services Corporation 19
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights Dollars in Thousands ($000’s) 2020 2019 2018 2017 2016 Total Assets $1,535,038 $1,269,157 $1,209,587 $1,179,813 $1,127,443 Investments $397,331 $187,873 $131,846 $127,336 $143,875 Net Loans1 $992,915 $922,609 $960,960 $931,908 $882,798 Deposits $1,354,573 $1,125,392 $1,082,6
Slide 21: Financial Highlights
Financial Highlights Dollars in Thousands ($000’s) 2020 2019 2018 2017 2016 Net Interest Income $41,961 $42,122 $40,654 $37,394 $34,734 Provision for Loan Losses $4,625 $237 $9,954 $670 $3,775 Noninterest Income $15,084 $15,424 $12,629 $12,189 $11,605 Noninterest Expense $39,362 $38,314 $37,369 $43,
Slide 22: Performance Measures
Performance Measures 2020 2019 2018 2017 2016 Return on Avg. Assets 0.91% 1.29% 0.52% 0.19% 0.74% Return on Avg. Equity 9.56% 13.17% 5.34% 1.80% 7.04% Efficiency Ratio 67.32% 65.36% 68.27% 82.59% 68.26% Net Interest Margin 3.21% 3.68% 3.78% 3.72% 3.62% F&M TRUST Franklin Financial Services Corporati
Slide 23: Safety & Soundness
Safety & Soundness 2020 2019 2018 2017 2016 Risk-based capital ratio (Total) 17.69% 16.08% 15.21% 15.31% 15.67% Leverage ratio (Tier 1) 8.69% 9.72% 9.78% 9.73% 10.11% Nonperforming assets/total assets 0.57% 0.31% 0.44% 0.45% 0.92% Allowance for Loan Loss as a % of loans 1.66% 1.28% 1.28% 1.25% 1.24%
Slide 24: Shareholder Value Per Share Measure / Market Valuation
Shareholder Value Per Share Measure / Market Valuation 2020 2019 2018 2017 2016 Diluted Earnings Per Share $2.93 $3.67 $1.39 $0.50 $1.88 Cash Dividend Yield 4.44% 3.10% 3.43% 2.49% 2.94% Regular Cash Dividends Paid $1.20 $1.17 $1.05 $0.93 $0.82 Market Value Per Share $27.03 $38.69 $31.50 $37.36 $28.
Slide 25: Quarterly Earnings Performance
Quarterly Earnings Performance Q1 Q2 Q3 Q4 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $3,237 $3,984 $4,449 $4,395 $1,719 $3,067 $3,462 $4,553 $4,830 2019 2020 2021 Dollars in Thousands ($000’s) F&M TRUST Franklin Financial Services Corporation 25
Slide 26: President & CEO Comments
President & CEO Comments Timothy (Tim) G. Henry F&M TRUST Franklin Financial Services Corporation 26
Slide 27: Timothy (Tim) G. Henry, President & CEO
Timothy (Tim) G. Henry President & CEO F&M TRUST Franklin Financial Services Corporation 27
Slide 28: Questions
Questions Timothy (Tim) G. Henry F&M TRUST Franklin Financial Services Corporation 28
Slide 29: Polls Closed
Polls Closed G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 29
Slide 30: Report by Judge of Election
Report by Judge of Election G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 30
Slide 31: Announcement
Announcement G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 31
Slide 32: Thank You
Thank You G. Warren Elliott F&M TRUST Franklin Financial Services Corporation 32
Slide 33: Meeting Adjourned
Meeting Adjourned F&M TRUST Franklin Financial Services Corporation 33
Franklin Financial Services — Shareholder Meeting (April 2021) on 6ix