Franklin Financial Q1 Net Income Climbs 69% and Raises Dividend to $0.34
Franklin Financial Services reported Q1 2026 net income of $6.6 million, up 9.8% sequentially and 69.2% year-over-year, with ROA of 1.20%, ROE of 15.13% and NIM of 3.53%. Total assets rose 2.6% to $2.298 billion and the board approved a $0.34 quarterly dividend, up 3% from last year.
1. Strong First Quarter Financial Performance
Franklin Financial recorded net income of $6.6 million ($1.48 per diluted share) in Q1 2026, up 9.8% from Q4 2025 and 69.2% from Q1 2025. Annualized return on assets reached 1.20%, return on equity 15.13%, and net interest margin widened to 3.53%.
2. Balance Sheet and Asset Growth
Total assets at quarter end climbed to $2.298 billion, a 2.6% increase from year-end 2025, while net loans rose 0.7% to $1.552 billion. Deposits grew 2.9% to $1.890 billion and wealth management fees increased 4.1% to $2.3 million on $1.417 billion of assets under management.
3. Dividend Increase and Capital Position
The board declared a $0.34 per share quarterly dividend, marking a 3.0% increase over the prior year, payable May 27 to holders of record on May 1. Shareholders’ equity rose 2.0% to support tangible book value of $37.78 per share, and the bank remains well-capitalized under regulatory guidelines.