Franklin Financial Network, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2019
January 21, 2020 at 04:18 pm
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Franklin Financial Network, Inc. announced unaudited consolidated earnings results for the fourth quarter ended December 31, 2019. For the quarter, the company announced total revenue was $32,869,000 compared to $26,537,000 for the same period a year ago. Net income was $9,729,000 compared to $3,751,000 for the same period a year ago. Earnings per share, basic was $0.66 compared to $0.26 for the same period a year ago. Earnings per share, fully diluted was $0.64 compared to $0.25 for the same period a year ago.
Franklin Financial Network, Inc. is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. As of December 31, 2016, the Company operated through 12 branches in Williamson and Rutherford counties and a loan production office within the Nashville metropolitan area. The Company's loan portfolio consists of real estate loans, including construction and land development loans, commercial loans and residential loans; commercial and industrial, and consumer and other loans. The Company's investment securities portfolio consists of both securities classified as available-for-sale and securities classified as held-to-maturity. The Company's primary sources of funds include deposits.
FRANKLIN FINANCIAL NETWORK, INC. 
