FRANKLIN FINANCIAL SERVICES CORP /PA/
Close on Oct 19, 2026
- Market cap
- $280.72M
- P/E (TTM)
- 11.3
- Dividend yield
- 2.10%
About Franklin Financial Services
State Commercial Banks, SIC 6022
Franklin Financial Services Corporation is a bank holding company that conducts substantially all of its operations through its commercial banking subsidiary, Farmers and Merchants Trust Company of Chambersburg (F&M Trust). The institution delivers commercial and retail banking products alongside investment and trust solutions via its Wealth Management segment. Key offerings comprise checking, savings, and time deposit accounts, safe deposit facilities, and an array of lending solutions including commercial real estate, construction, commercial and industrial, residential mortgage, and consumer installment loans. Its clients encompass individuals, small to medium-sized enterprises, governmental entities, and non-profit organizations.
F&M Trust operates twenty-three community banking offices situated in south-central Pennsylvania—across Franklin, Cumberland, Dauphin, Fulton, and Huntingdon Counties—as well as in Washington County, Maryland. The institution maintains its headquarters in Franklin County, Pennsylvania.
Summary of the business section of Franklin Financial Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FRANKLIN FINANCIAL SERVICES CORP /PA/
- Founded
- 1983
- Headquarters
- Chambersburg, PA
- Address
- 20 S Main St, P O Box 6010 17201-0819
- Phone
- (717) 264-6116
- Website
- franklinfin.com
- Employees
- 306, Dec 31, 2023
- Industry
- State Commercial Banks
- Incorporated in
- Pennsylvania
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Washington, D.C
Stock & identifiers
- Ticker
- FRAF
- Exchange
- Nasdaq
- Shares outstanding
- 4M, Jul 31, 2026
- Public float
- $139.87M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- Stock splits
- 125-for-100, Jun 29, 2004; 3-for-2, Feb 4, 1998; 3-for-2, Jan 2, 1996
- SEC CIK
- 723646
- CUSIP
- 353525108
- ISIN
- US3535251082
- LEI
- 5493008E3WZYM5146L29
- EIN
- 25-1440803
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Matthew D. Weaver | SVP, Chief Marketing Officer | 5,980 |
| Lorie M. Heckman | EVP, Chief Risk Officer | 8,353 |
| Karen K. Carmack | SVP, Chief HR Officer | 8,927 |
| David M. Long | SVP, Chief Technology Officer | 1,601 |
| Mark R. Hollar | SEVP/CFO | 17,296 |
| Craig W. Best | CEO | 17,559 |
| Charles Benner Carroll Jr | President & COO | 6,035 |
| Louis J. Giustini | SVP, CRSO | 1,933 |
| Steven D. Butz | EVP, CCSO | 5,610 |
| Scott D. Ehrig | SVP, Chief Wealth Officer | 1,942 |
| Timothy G. Henry | CEO | 23,369 |
| Gregory I. Snook | Director | 9,657 |
| Gregory A. Duffey | Director | 24,079 |
| Daniel J. Fisher | Director | 30,396 |
| Kevin W. Craig | Director | 27,939 |
| Stanley J. Kerlin | Director | 57,565 |
| G. Warren Elliott | Director | 18,624 |
| Donald H. Mowery | Director | 45,068 |
| Martin R. Brown | Director | 9,695 |
| Kimberly Rzomp | Director | 6,185 |
| Allan E. Jennings Jr | Director | 31,175 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Craig W.Best | $788.86K | $801.83K | $481.60K | $156 | – |
| FY2025 Timothy G.Henry | $311.27K | $339.59K | $481.60K | $156 | – |
| FY2024 Timothy G. Henry and Craig W. Best | $762.40K | $738.62K | $452.15K | $102 | – |
| FY2024 Timothy G.Henry | $762.40K | $738.62K | $452.15K | $102 | – |
| FY2023 Timothy G. Henry and Craig W. Best | $766.22K | $725.36K | $424.90K | $104 | – |
| FY2023 Timothy G.Henry | $766.22K | $725.36K | $424.90K | $104 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2023, we had 306 employees in our workforce, nearly all of whom were full-time and of which the majority were women.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 2, 2019 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 29, 2019 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 28, 2019 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 26, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
| Apr 28, 2014 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 15, 2013 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 5, 2009 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 5, 2006 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 24, 2006 | Merger | Registration of securities for a merger or exchange offer (S-4) |