Franklin Financial Services

What Franklin Financial Services does

Franklin Financial Services Corporation is an independent, publicly traded bank holding company (NASDAQ: FRAF) headquartered in Chambersburg, Pennsylvania, founded in 1906 with total assets of $2.298 billion as of March 31, 2026. The company operates exclusively through its wholly owned subsidiary, F&M Trust, which runs 23 community-banking locations across five Pennsylvania counties (Franklin, Cumberland, Dauphin, Fulton, and Huntingdon) and Washington County, Maryland, serving retail consumers and small-to-medium businesses with deposit accounts, consumer and commercial lending, mortgage products, and trust/wealth management services.

The franchise generates revenue primarily through net interest income (Q1 2026: $18.5 million, up 18.7% year-over-year) supplemented by non-interest fee income from banking services. Franklin Financial has paid dividends for 43 consecutive years and currently distributes a $0.34 quarterly dividend per share. Distribution is entirely through the regulated subsidiary's physical branch network under a community-led, relationship-banking go-to-market model, with no disclosed digital-only or direct-to-consumer channels. Technology is described as a standard banking platform with no proprietary AI, API, or fintech differentiation; investor relations are conducted through the corporate website, SEC filings, press releases, and annual reports.

Management completed a notable leadership transition in 2025-2026: Craig W. Best (40+ years banking experience, ex-CEO of Peoples Security Bank and Trust) became CEO on April 29, 2025, and Charles (Chad) B. Carroll, Jr. was promoted to President & COO of F&M Trust effective April 28, 2026. The CEO's M&A background, combined with an active 150,000-share repurchase authorization through December 2026, suggests optionality for inorganic growth or continued capital return. Q1 2026 financial performance showed a sharp profitability inflection, with ROAE expanding to 15.13% from 10.80% and net income up 69.2% year-over-year.

Name

Franklin Financial Services

Legal name

Franklin Financial Services Corporation

Website

https://franklinfin.com

Company type

Public

Founded year

1906

Operating status

Operating

Headcount range

251–500 employees

Short description

Franklin Financial Services Corporation is an independent bank holding company (NASDAQ: FRAF) operating through its F&M Trust subsidiary, providing retail and commercial banking services via 23 branches across south-central Pennsylvania and Washington County, Maryland, with $2.3 billion in assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

akta.pro secondary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Community banking services
• Retail banking products
• Commercial lending services
• Mortgage lending
• Wealth management services

Headquarters

HQ city

Chambersburg

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loan portfolio and investment securities minus interest expense on deposits and borrowings. Q1 2026 net interest income of $18.5 million, representing an 18.7% increase from prior year.
2. Dividend Income: Dividend payments to shareholders. Company maintains 43 consecutive years of dividend payments. Q2 2026 dividend declared at $0.34 per share, up 3% year-over-year.
3. Non-Interest Income: Fees and charges from banking services including account maintenance, transaction fees, and other banking service charges.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Franklin Financial Services Corporation is a bank holding company that operates through its wholly owned subsidiary F&M Trust, providing traditional community banking services including consumer and commercial deposit accounts, loans, mortgage financing, and trust services. The company distributes these products through 23 community-banking locations across five Pennsylvania counties (Franklin, Cumberland, Dauphin, Fulton, and Huntingdon) and Washington County, Maryland.

Product overview

Franklin Financial Services Corporation operates as a bank holding company offering a unified suite of traditional banking products and services through its wholly owned subsidiary F&M Trust. The company provides consumer and commercial banking services including deposit accounts, loans, and wealth management, distributed through 23 community-banking locations across Pennsylvania and Maryland. The product portfolio centers on F&M Trust as the core banking brand, complemented by investor relations tools including SEC filings, dividend reinvestment plans, and financial reporting accessible through the corporate profile portal.

Differentiator

Problem solved

Functional benefit

Brands

• F&M Trust: Wholly owned subsidiary providing community banking services with 23 locations across Franklin, Cumberland, Dauphin, Fulton, and Huntingdon Counties in Pennsylvania, and Washington County, Maryland.

Products and services

• F&M Trust Community Banking Full-service community banking delivered through 23 branch locations, providing deposit accounts, consumer loans, mortgage financing, and commercial banking services to individuals and small-to-medium businesses in south-central Pennsylvania and Washington County, Maryland.
• Commercial Lending and Treasury Services Business banking products including commercial lending and treasury management services tailored to small-to-medium businesses in the regional Pennsylvania/Maryland market area.
• Trust and Wealth Management Services

Quantifiable outcome

• 69.2% increase in Q1 2026 net income compared to Q1 2025
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators11 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• ACNB Corporation: ACNB Corporation (NASDAQ: ACNB) is a south-central Pennsylvania-based community bank holding company of comparable size (~$2.5B assets), serving retail and commercial customers through a similar multi-county branch network. It is the closest geographic and operational comparable to Franklin Financial's F&M Trust subsidiary.
• First Bancorp, Inc. First Bancorp (NASDAQ: FNLC) is a Maine-based community bank holding company with comparable asset base (~$2.5B) operating a multi-branch community-banking model. Comparable in scale, listing tier, and small-cap community bank execution profile.
• C&F Financial Corporation: C&F Financial (NASDAQ: CFFI) is a Virginia-based bank holding company operating Citizens and Farmers Bank with a comparable asset base (~$1.5B) and a similar retail and commercial community-banking model serving regional Mid-Atlantic markets.
• Orrstown Financial Services: Orrstown Financial Services (NASDAQ: ORRF) is a Pennsylvania-based community bank holding company operating roughly $3-3.5B in assets with a similar central PA footprint and comparable commercial/retail mix. Comparable in scale, governance, and geographic overlap with Franklin County markets.
• Lakeland Bancorp: Lakeland Bancorp (NASDAQ: LBAI) is a New Jersey-based community bank holding company (~$6B assets) operating a larger-scale community-banking franchise with comparable product offerings — useful as a scaled-up version of the community-banking model Franklin Financial operates.
• Codorus Valley Bancorp: Codorus Valley Bancorp (NASDAQ: CVLY), parent of PeoplesBank, is a Pennsylvania-based community bank holding company of similar size (~$2B assets) operating a multi-county branch network with similar retail/commercial services directly relevant to Franklin Financial's markets.
• Penns Woods Bancorp: Penns Woods Bancorp (NASDAQ: PWOD) is a Pennsylvania-based community bank holding company with comparable asset base (~ $2B), full-service retail and commercial banking, and a multi-county distribution model — directly comparable to Franklin Financial.
• Bryn Mawr Bank Corporation: Bryn Mawr Bank Corporation (NASDAQ: BMTC) is a Pennsylvania-based bank holding company operating The Bryn Mawr Trust Company, with somewhat larger scale (~$4B assets) but a directly comparable community-banking model combining retail, commercial, and wealth/trust services in the Mid-Atlantic — highly relevant trust-services comparable.
• Evans Bancorp: Evans Bancorp (NYSE American: EVBN) is a Western New York community bank holding company with comparable asset size (~$1.5B assets) and a similar community-banking + commercial lending product mix — useful scale- and product-comparison peer.
• FNCB Bancorp: FNCB Bancorp (NASDAQ: FNCB) is a Pennsylvania-based community bank holding company of similar size (~$1.7B assets) operating retail and commercial banking branches in NE Pennsylvania. Comparable community-bank operating model and asset scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Franklin Financial Services