Quarterly ResultApr 23, 2026, 04:12 PM
Franklin Financial Q1 2026 Net Income Jumps 69.2% to $6.6M
AI Summary
Franklin Financial Services Corporation reported strong first-quarter 2026 results, with net income rising to $6.6 million, a significant 69.2% increase compared to the first quarter of 2025. Diluted earnings per share also saw a substantial jump to $1.48 from $0.88 in the prior year's quarter. The company also saw growth in its Wealth Management segment, with fees increasing by 4.1% to $2.3 million, and total assets expanding by 2.6% to $2.298 billion.
Key Highlights
- Net income for Q1 2026 was $6.6 million, up 69.2% from Q1 2025.
- Diluted EPS for Q1 2026 was $1.48, up from $0.88 in Q1 2025.
- Wealth Management fees reached $2.3 million in Q1 2026, a 4.1% increase year-over-year.
- Assets under management totaled $1.417 billion as of March 31, 2026.
- Total assets grew to $2.298 billion, a 2.6% increase from year-end 2025.