Franklin Financial Services' Q3 net income up 26.9% on loan growth
Franklin Financial Services reported a 26.9% year-over-year increase in Q3 net income, driven by significant loan growth, particularly in commercial real estate. The company also announced a 3.1% increase in its quarterly dividend. Net interest income rose by 24.2% year-over-year. However, no specific future guidance was provided in the press release. Key metrics included Q3 EPS of $1.19 and net income of $18.19 million.
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Overview
- Franklin Financial Q3 net income rises 26.9% yr/yr
- Company declares 3.1% increase in quarterly dividend
- Net interest income for Q3 grows 24.2% yr/yr
Outlook
- Company did not provide specific future guidance in the press release
Result Drivers
- LOAN GROWTH - Significant increase in commercial real estate loans contributed to higher interest income
- FEE AMORTIZATION - Fee amortization from subordinated notes redemption impacted interest expense
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS $1.19
Q3 Net $5.35
Income mln
Q3 Net $18.19
Interest mln
Income
Q3 $6.65
Pretax mln
Profit
Q3 $1.25
Provisio mln
n for
Credit
Losses
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
