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/Miss | Actual | Consensus Estimate |
Q3 EPS | $1.19 | ||
Q3 Net Income | $5.35 mln | ||
Q3 Net Interest Income | $18.19 mln | ||
Q3 Pretax Profit | $6.65 mln | ||
Q3 Provision for Credit Losses | $1.25 mln |
Press Release: ID:nPn12zkZla
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(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.)