Franklin Financial Services Corporation · NASDAQ:FRAF
Franklin Financial Services — Shareholder Meeting (April 2017)
39 slides from Franklin Financial Services's shareholder meeting presentation, Apr 26, 2017
Slide 1: Annual Meeting April 25, 2017
Annual Meeting APRIL 25, 2017 franklinfin.com
Slide 2: Call to Order
Call to Order G. WARREN ELLIOTT 2
Slide 3: Invocation
Invocation RICHARD E. JORDAN III 3
Slide 4: Minutes of Last Meeting
Minutes of Last Meeting G. WARREN ELLIOTT 4
Slide 5: Forward looking statements
In order for you to better understand the business of the Company – where we all have been and where we want to go – our remarks today (those of the Company officers who will speak or respond to questions) will include forward looking statements related to anticipated financial performance, future o
Slide 6: Introductions
Introductions G. WARREN ELLIOTT 6
Slide 7: Board of Directors
Board of Directors G. Warren Elliott, Chairman Martin R. Brown Gregory A. Duffey Daniel J. Fisher Donald A. Fry Timothy G. Henry 7
Slide 8: Board of Directors
Martha B. Walker, Esq. Donald H. Mowery Patricia D. Lacy Allan E. Jennings, Jr. Richard E. Jordan III Stanley J. Kerlin, Esq. Board of Directors 8
Slide 9: Guests and advisors
Dean Dusinberre - PARTNER, RHOADS & SINON, LLP, David Cruz - ASSISTANT VICE PRESIDENT, COMPUTERSHARE, Steve Runyeon - SENIOR MANAGER AND CPA, BDO USA, LLP, Bob Kafafian - PRESIDENT & CEO, THE KAFAFIAN GROUP, INC. 9
Slide 10: Chairman's Remarks
Chairman’s Remarks G. WARREN ELLIOTT 10
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Slide 12: Fans + Players and Coaches + Ownership = Success
Fans + Players and Coaches + Ownership = SUCCESS
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Slide 17: Market Value Per Share
$14.00 $17.10 $22.00 $23.50 $28.60 $0 $5 $10 $15 $20 $25 $30 $35 2012 2013 2014 2015 2016 Market Value Per Share Year-End at 12/31 17
Slide 18: Regular Cash Dividends Paid
Regular Cash Dividends Paid Year-End at 12/31 $0.78 $0.68 $0.68 $0.74 $0.82 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 2012 2013 2014 2015 2016 18
Slide 19: Franklin Financial Services Corporation
> & Franklin Financial Services Corporation
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Slide 21: Champions are champions quote
Champions are champions not because they do anything extraordinary but because they do the ordinary things better than anyone else. Chuck Moll
Slide 22: Election of Directors
Election of Directors G. WARREN ELLIOTT 22
Slide 23: Director nominees
G. Warren Elliott - PRESIDENT, CARDINAL CROSSING, INC., FORMER FRANKLIN COUNTY COMMISSIONER Timothy G. Henry - PRESIDENT & CEO Stanley J. Kerlin, Esq. - ATTORNEY, LAW OFFICE OF STANLEY J. KERLIN, LLC Martha B. Walker, Esq. - PARTNER, WALKER, CONNOR & SPANG, LLC 23
Slide 24: Say-On-Pay Vote
Say-On-Pay Vote G. WARREN ELLIOTT 24
Slide 25: Say-On-Frequency Vote
Say-On-Frequency Vote G. WARREN ELLIOTT 25
Slide 26: Selection of Auditors
Selection of Auditors G. WARREN ELLIOTT 26
Slide 27: Polls Are Open
Polls Are Open
Slide 28: Financial Overview
Financial Overview MARK R. HOLLAR, CFO 28
Slide 29: Balance Sheet Highlights
Balance Sheet Highlights Dollars in Thousands ($000’s) Year-End at 12/31 2012 2013 2014 2015 2016 Total Assets $1,027,363 $984,587 $1,001,488 $1,035,295 $1,127,443 Investments $133,328 $159,674 $171,751 $159,473 $143,875 Net Loans $743,200 $713,711 $717,420 $771,930 $882,798 Deposits $874,440 $845,7
Slide 30: Income Statement Highlights
Income Statement Highlights Dollars in Thousands ($000’s) Year-End at 12/31 2012 2013 2014 2015 2016 Net Interest Income $32,252 $31,664 $31,614 $32,244 $34,734 Provision $5,225 $2,920 $764 $1,285 $3,775 Noninterest Income $9,833 $10,033 $11,131 $12,652 $11,605 Noninterest Expense $31,033 $31,250 $3
Slide 31: Nonrecurring Items
Nonrecurring Items Dollars in Thousands ($000’s) Year-End at 12/31 2014 2015 2016 Reported Net Income $8,402 $10,204 $8,087 Nonrecurring Expense (Income), Tax Adjusted - ($593) $2,554 Deferred Tax Valuation Reduction - ($250) - Adjusted Net Income $8,402 $9,361 $10,641 Change ($) Over Prior Year - $
Slide 32: Performance Measures
Performance Measures Year-End at 12/31 2012 2013 2014 2015 2016 Return on Avg. Assets 0.51% 0.61% 0.83% 1.00% 0.74% Return on Avg. Equity 6.00% 6.72% 8.44% 9.52% 7.04% Efficiency Ratio* 70.81% 72.11% 71.01% 67.39% 68.26% Net Interest Margin 3.50% 3.47% 3.56% 3.59% 3.62% *Non-GAAP measurement – Effic
Slide 33: Safety & Soundness
Safety & Soundness Year-End at 12/31 2012 2013 2014 2015 2016 Risk-based capital ratio (Total) 12.60% 14.24% 15.49% 16.03% 15.67% Leverage ratio (Tier 1) 8.29% 9.14% 9.69% 10.38% 10.11% Common equity ratio (Tier 1) 12.60% 12.97% 14.19% 14.77% 14.41% Nonperforming assets/total assets 4.10% 3.04% 1.63
Slide 34: First Quarter 2017 Earnings
First Quarter 2017 Earnings $3,020 $2,726 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 Thousands 2017 2016 10.8% 34
Slide 35: President & CEO's Remarks
President & CEO’s Remarks TIMOTHY G. HENRY 35
Slide 36: Quarterly dividend declared
April 13, 2017 – FFSC Board declared: $.24 per share regular quarterly dividend for the Second Quarter 36
Slide 37: Polls Are Closed
Polls Are Closed 37
Slide 38: Report by Judge of Election
Report by Judge of Election DAVID CRUZ 38
Slide 39: franklinfin.com
franklinfin.com
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