# EDGAR Filing Document

**Accession Number:** 0000723646
**File Stem:** 0000723646-26-000050
**Filing Date:** 2026-5
**Character Count:** 32777
**Document Hash:** e6220039f413e3c5c9fe00a4c04da2fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000723646-26-000050.hdr.sgml**: 20260504

**ACCESSION NUMBER**: 0000723646-26-000050

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 76

**CONFORMED PERIOD OF REPORT**: 20260501

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260504

**DATE AS OF CHANGE**: 20260504

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN FINANCIAL SERVICES CORP /PA/
- **CENTRAL INDEX KEY:** 0000723646
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 251440803
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38884
- **FILM NUMBER:** 26937534

**BUSINESS ADDRESS:**
- **STREET 1:** 20 S MAIN ST
- **STREET 2:** P O BOX 6010
- **CITY:** CHAMBERSBURG
- **STATE:** PA
- **ZIP:** 17201-0819
- **BUSINESS PHONE:** 7172646116

**MAIL ADDRESS:**
- **STREET 1:** 20 SOUTH MAIN ST
- **STREET 2:** PO BOX 6010
- **CITY:** CHAMBERSBURG
- **STATE:** PA
- **ZIP:** 17201-0819

?xml version='1.0' encoding='ASCII'? fraf-20260501x8ka

**United States**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

## **FORM 8-K/A** 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report: **<u>May 1, 2026</u>**

#####  **<u>FRANKLIN FINANCIAL SERVICES CORPORATION</u>** 
(Exact name of registrant as specified in its new charter)

---

| | | |
|:---|:---|:---|
| **Pennsylvania** | **001-38884** | **25-1440803** |
| (State or other jurisdiction<br>of incorporation) | (Commission <br>File Number) | (IRS Employer <br>Identification No.) |

---

---

| | |
|:---|:---|
| **1500 Nitterhouse Drive, Chambersburg, PA** | **17201** |
| (Address of principal executive office) | (Zip Code) |
| Registrant's telephone number, including area code | **<u>(</u><u>717</u><u>)</u> <u>264-6116</u>** |

---

#####  **<u>N/A</u>** 
(Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a –12 under the Exchange Act (17 CFR 240.14a –12)

◻ Pre-commencement communications pursuant to Rule 14d – 2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e – 4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| <u>Title of class</u> | <u>Symbol</u> | <u>Name of exchange on which registered</u> |
| Common stock | FRAF | Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

 <u>‎</u> 

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**Explanatory Note**

This Amendment to the Current Report on Form 8-K amends Exhibit 99.2 of the Current Report on Form 8-K filed on May 1, 2026 (the "Original Form 8-K"). No other changes have been made to the Original Form 8-K.

**Item 7.01 <u>Regulations FD Disclosure</u>**

Franklin Financial Services Corporation ("the Corporation") is furnishing this presentation which will be presented in whole or in part, from time to time, by executives of the Corporation in one or more meetings with investors and analysts. The presentation is attached as Exhibit 99.1 and is incorporated by reference. It is also available on the Corporation's website at www.franklinfin.com.

The Corporation held its annual meeting of shareholders on April 28, 2026. The shareholder presentation is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information in this Form 8-K provided under Item 7.01, including all exhibits attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Corporation under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

**Item 9.01 <u>Financial Statements and Exhibits</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Exhibits. The following exhibits are filed herewith:

<u>Number</u> <u>Description</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 [<u>Investor Presentation, dated May 1, 2026 of Franklin Financial Services</u>](fraf-20260501xex99_1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.2 [<u>Shareholder Presentation, dated May 1, 2026 of Franklin Financial Services</u>](fraf-20260501xex99_2.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FRANKLIN FINANCIAL SERVICES CORPORATION

By: <u>/s/ Craig W. Best</u>

Craig W. Best

Chief Executive Officer

By: <u>/s/ Charles B. Carroll</u>

Charles B. Carroll

President

Dated: May 4, 2026

## Exhibit 99.1

**Exhibit 99.1**

Investor Presentation First Quarter 2026 Highlights Stock Symbol: FRAF (Nasdaq) Franklin Financial Services Corporation F&M TRUST

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![Picture 5](fraf-20260501xex99_1g002.jpg)

Certain statements appearing herein which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements refer to a future period or periods, reflecting management's current views as to likely future developments, and use words "may," "will," "expect," "believe," "estimate," "anticipate," or similar terms. Because forward-looking statements involve certain risks, uncertainties and other factors over which Franklin Financial Services Corporation has no direct control, actual results could differ materially from those contemplated in such statements. These factors include (but are not limited to) the following: general economic conditions, changes in interest rates, changes in the Corporation's cost of funds, changes in government monetary policy, changes in government regulation and taxation of financial institutions, changes in the rate of inflation, changes in technology, the intensification of competition within the Corporation's market area, and other similar factors. We caution readers not to place undue reliance on these forward-looking statements. They only reflect management's analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and any Current Reports on Form 8-K. GAAP versus non-GAAP Presentations – The Corporation supplements its traditional GAAP measurements with certain non-GAAP measurements to evaluate its performance and to eliminate the effect of intangible assets. By eliminating intangible assets, the Corporation believes it presents a measurement that is comparable to companies that have no intangible assets or to companies that have eliminated intangible assets in similar calculations. However, not all companies may use the same calculation method for each measurement. The Efficiency Ratio measures the cost to generate one dollar of revenue. The non-GAAP measurements are not intended to be used as a substitute for the related GAAP measurements and should not be read in isolation or relied upon as a substitute for GAAP measures. The following table shows the calculation of the non-GAAP measurements. Forward Looking Statements Franklin Financial Services Corporation F&M TRUST 2

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![Picture 6](fraf-20260501xex99_1g003.jpg)

About Our Company Four Pillars of Priority Total Assets $2.3B Total Loans $1.6B LOW-COST DEPOSITS FRANCHISE: 34% deposit market share in Franklin County WEALTH AMANGEMENT: Expanding AUM ($1.4B) of differentiated wealth management business drives non-interest income Total Deposits $1.9B Market Cap $230M ASSET QUALITY: 0.27% 5-year average NPL/Gross Loans 0.03% 5-year average Net Charge-offs IMPROVING PROFITABILITY: Q1 2026 1.20% ROA Franklin Financial Services Corporation F&M TRUST 3

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![Picture 7](fraf-20260501xex99_1g004.jpg)

1st Quarter 2026 \| Financial Highlights Earnings & Profitability Q1-2026 Q4-2025 Q1-2025 Diluted earnings per share (EPS) $1.48 $1.35 $0.88 Net income (thousands) $6,637 $6,043 $3,922 Net interest margin1 (NIM) 3.53% 3.40% 3.05% Return on average assets (ROA) 1.20% 1.05% 0.72% Return on average equity (ROE) 15.13% 14.20% 10.80% Dividend per share $0.33 $0.33 $0.32 Balance Sheet & Capital Total loans (thousands) $1,572,426 $1,561,238 $1,456,191 Total deposits (thousands) $1,889,710 $1,835,772 $1,867,577 Common equity ratio (Tier 1) 11.81% 11.45% 10.86% Tangible common equity ratio2 7.42% 7.45% 6.33% Tangible book value per share2 $37.78 $37.10 $31.97 Asset Quality Nonperforming assets3 (NPA) / Total assets 0.37% 0.38% 0.01% Allowance for credit losses (ACL) / Total loans 1.32% 1.32% 1.27% Net Income $6.6 million Wealth Management AUM $1.4B ROA 1.20% ROE 15.13% EPS $1.48 NIM1 3.53% Cost of Deposits 1.52% Yield on Earning Assets1 5.28% 1 Fully taxable equivalent 2 Non-GAAP measurement. See GAAP / Non-GAAP Reconciliation 3 Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned 4 Franklin Financial Services Corporation F&M TRUST

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![Picture 8](fraf-20260501xex99_1g005.jpg)

Founded in 1906, F&M Trust Operates in South-Central Pennsylvania and Northern Maryland 22 Locations Serving South Central PA and Washington County MD Primary Trade Area Expanded Trade Area Offering Wealth Management, Commercial Financing, and Residential Lending Services 5 Franklin Financial Services Corporation F&M TRUST

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![Picture 9](fraf-20260501xex99_1g006.jpg)

Experienced and Cohesive Executive Team Executive Title Years of Banking Experience Joined F&M Trust Prior Experience Craig W. Best Chief Executive Officer 42 2025 Peoples Security Bank & Trust, First Commonwealth Bank, Equitable Bank Charles B. Carroll, Jr. President & Chief Operating Officer 31 2023 S&T Bank, FirstMerit / Huntington National Bank, BBVA Compass Mark R. Hollar Senior Executive Vice President, Chief Financial Officer & Treasurer 37 1994 ValleyBank & Trust Lorie M. Heckman, CERP, CRCM Executive Vice President, Chief Risk Officer 39 1986 F&M Trust, Vice President of Compliance and Security Steven D. Butz Executive Vice President, Chief Commercial Services Officer 40 2013 PNC, Waypoint, Sovereign, Graystone Tower, Susquehanna Bank Louis J. Giustini Senior Vice President, Chief Retail Services Officer 37 2022 Hagerstown Trust, Columbia Bank, Fulton Bank Karen K. Carmack, DM Senior Vice President, Chief Human Resources Officer 30 2000 ACNB Matthew D. Weaver Senior Vice President, Chief Marketing Officer 25 2014 Susquehanna Bank, Clifton LarsonAllen, IMRE David M. Long Senior Vice President, Chief Technology Officer 18 2022 Howard Bank 6 Franklin Financial Services Corporation F&M TRUST

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![Picture 10](fraf-20260501xex99_1g007.jpg)

Net Interest Income ($thousands) Annual $44,671 $51,588 $53,637 $57,514 $69,648 3.08% 3.40% 4.70% 5.16% 5.31% 2.88% 3.11% 3.31% 2.95% 3.25% 0.24% 0.36% 1.75% 2.68% 2.50% 2021 2022 2023 2024 2025 Net interest income Interest-earning asset yield Interest-bearing liability cost Net interst margin Quarterly 5.25% 5.29% 5.28% 3.05% 3.40% 3.53% 2.64% 2.32% 2.16% $15,606 $18,612 $18,521 Q1 2025 Q4 2025 Q1 2026 1Fully taxable equivalent 7 Franklin Financial Services Corporation F&M TRUST

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Diversified Non-Interest Income ($thousands) Annual 27.80% 23.00% 22.93% 23.48% 21.60% $3,231 $3,093 $3,594 $3,821 $4,437 $2,170 $1,888 $2,157 $2,279 $2,370 $2,258 $2,527 $2,492 $2,448 $2,535 $2,430 $770 $199 $565 $672 $7,111 $7,152 $7,512 $8,538 $9,169 2021 2022 2023 2024 2025 Quarterly 22.65% 20.16% 20.95% $1,082 $916 $1,018 $558 $597 $618 $605 $655 $647 $109 $260 $318 $2,215 $2,272 $2,308 Q1 2025 Q4 2025 Q1 2026 Excludes BOLI gains, gains on sale of assets, and gains on sale of securities Franklin Financial Services Corporation F&M TRUST 8

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![Picture 12](fraf-20260501xex99_1g009.jpg)

Wealth Management AUM ($thousands) $946,975 $904,523 $1,094,779 $169,290 $1,273,421 $1,271,068 $100,457 $147,454 $217,891 $109,604 $153,886 $27,509 $118,046 $116,398 $135,423 $139,872 $147,880 $145,477 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 As of 3/31/2026 Brokerage Trust New assets under management (YTD) 1 Includes assets from new and existing clients and excludes increases attributable to market appreciation. Franklin Financial Services Corporation F&M TRUST 9

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![Picture 13](fraf-20260501xex99_1g010.jpg)

Deposits by Category Deposits $74,253 $57,390 $132,446 $315,905 $224,323 $238,558 $119,908 $128,709 $105,907 $96,646 $98,124 $98,637 $579,826 $569,586 $572,058 $694,880 $771,231 $801,650 $511,969 $496,532 $454,517 $417,870 $431,843 $419,207 19% 19% 18% 16% 17% 18% $298,403 $299,231 $273,050 $290,346 $310,251 $331,658 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 As of 3/31/2026 DDA Interest checking MMA Savings Time DDA/Total deposits Cost of Deposits 4.13% 4.33% 4.77% 4.63% 4.13% 3.98% 3.83% 3.65% 2.16% 2.37% 2.46% 2.38% 2.25% 2.18% 2.02% 18.30% 1.78% 1.96% 2.06% 2.02% 1.90% 1.83% 1.68% 1.52% 1.84% 2.02% 1.89% 1.82% 1.78% 1.74% 1.63% 1.50% Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Interest-bearing non-maturity deposits Certificates of deposit Total interest-bearing deposits Total Deposits Franklin Financial Services Corporation F&M TRUST 10

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![Picture 14](fraf-20260501xex99_1g011.jpg)

Diversified Loan Portfolio Annual Quarterly ($thousands) 3.86% 4.14% 5.16% 5.65% 5.84% 5.87% $6,406 $6,199 $6,815 $8,853 $9,657 $10,728 $140,669 $118,443 $115,018 $108,545 $101,958 $99,341 $225,084 $244,949 $303,749 $355,262 $422,511 $438,624 $103,874 $117,159 $127,638 $122,052 $123,541 $114,666 $522,779 $564,291 $703,767 $803,365 $903,571 $909,067 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 As of 3/31/2026 Commercial real estate Commercial 1-4 Family residential State/Mun I loans Consumer Loan yield 1Fully taxable equivalent Excludes loans held-for-sale Franklin Financial Services Corporation F&M TRUST 11

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Largest Non-owner Occupied CRE Concentrations ($thousands) Annual Quarterly 234.4% 239.3% 290.7% 332.9% 349.9% 344.7% $27,042 $36,838 $63,654 $68,569 $68,241 $68,931 $30,733 $55,238 $68,303 $82,360 $87,933 $95,832 $46,811 $40,738 $58,074 $60,102 $88,884 $93,736 $70,299 $81,283 $80,670 $79,197 $102,194 $103,847 $53,599 $80,905 $103,723 $132,894 $163,356 $157,102 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 As of 3/31/2026 1Regulatory CRE concentration ratio Franklin Financial Services Corporation F&M TRUST 12

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![Picture 16](fraf-20260501xex99_1g013.jpg)

Credit Quality Nonperforming assets1 (NPA) / Total assets 0.42% 0.01% 0.01% 0.01% 0.38% 0.37% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 Allowance for credit losses / Gross loans 1.51% 1.35% 1.28% 1.26% 1.32% 1.32% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 Net (Charge-offs)Recoveries / Average loans 0.04% -0.15% -0.02% -0.03% 0.00% -0.01% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 Nonperforming loans2 / Gross loans 0.74% 0.01% 0.01% 0.02% 0.55% 0.54% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 1 Nonperforming assets = nonaccrual loans, loans 90-days past due and other real estate owned 2 Nonperforming loans = nonaccrual loans and loans 90-days past due Franklin Financial Services Corporation F&M TRUST 13

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![Picture 18](fraf-20260501xex99_1g014.jpg)

Capital 18.41% 17.21% 14.45% 13.85% 13.27% 13.66% 15.20% 14.22% 11.82% 11.31% 11.45% 11.81% 8.42% 9.26% 8.98% 7.82% 8.42% 8.43% 8.39% 8.95% 9.01% 7.92% 8.17% 8.57% 8.52% 6.22% 6.74% 6.20% 7.45% 7.42% As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 As of 3/31/2026 Risk-based capital (Total) Leverage ratio (Tier 1) Common equity ratio (Tier 1) Tangible common equity ratio (1) Tangible common equity ratio excluding AOCI(1) 1 Non-GAAP measurement. See GAAP/Non-GAAP Reconciliation Franklin Financial Services Corporation F&M TRUST 14

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Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank Investor Relations Officer Amanda Ducey 717-261-3553 amanda.ducey@f-mtrust.com Franklin Financial Services Corporation F&M TRUST

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Appendix Franklin Financial Services Corporation F&M TRUST

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Summary Performance Metrics Q1 2026 Q4 2025 Q1 2025 Year Ended 12/31/2025 Year Ended 12/31/2024 Year Ended 12/31/2023 Year Ended 12/31/2022 Year Ended 12/31/2021 Diluted earnings per share $1.48 $1.35 $0.88 $4.74 $2.51 $3.10 $3.36 $4.42 Net overhead ratio1 1.89% 1.88% 1.99% 1.79% 1.84% 1.94% 1.86% 1.56% Return on average assets 1.20% 1.05% 0.72% 0.94% 0.54% 0.78% 0.83% 1.17% Net interest margin2 3.53% 3.40% 3.05% 3.25% 2.95% 3.31% 3.11% 2.88% Dividend per share $0.33 $0.33 $0.32 $1.31 $1.28 $1.28 $1.28 $1.25 Market value per share $51.08 $50.20 $35.45 $50.20 $29.90 $31.55 $36.10 $33.10 Book value per share $39.78 $39.11 $33.99 $39.11 $32.69 $30.23 $26.01 $35.36 Tangible book value per share3 $37.78 $37.10 $31.97 $37.10 $30.65 $28.17 $23.96 $33.34 Market cap ($M) $229.50 $224.95 $157.91 $224.95 $132.37 $137.91 $158.48 $147.00 1 Net Overhead Ratio = (Noninterest Expense – Noninterest Income + BOLI Gains + Gain on Sale of Assets + Gains on sale of Securities) / Average Assets 2 Fully taxable equivalent 3 Non-GAAP measurement. See GAAP / Non-GAAP Reconciliation Franklin Financial Services Corporation F&M TRUST 17

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![Picture 22](fraf-20260501xex99_1g018.jpg)

GAAP / Non-GAAP Reconciliation ($thousands) As-of 3/31/2026 As-of 3/31/2025 As-of 12/31/2025 As-of 12/31/2024 As-of 12/31/2023 As-of 12/31/2022 As-of 12/31/2021 Shareholders' equity $178,744 $151,391 $175,242 $144,716 $132,136 $114,197 $157,065 Less intangible assets 9,016 9,016 9,016 9,016 9,016 9,016 9,016 Tangible shareholders' equity (Non-GAAP) 169,728 142,375 166,226 135,700 123,120 105,181 148,049 Less AOCI (23,265) (31,856) (21,589) (35,508) (40,940) (51,287) (547) Tangible shareholders' equity excluding AOCI (Non-GAAP) 192,993 174,231 187,815 171,208 164,060 156,468 148,596 Total assets 2,297,518 2,257,478 2,239,018 2,197,841 1,836,039 1,699,579 1,773,806 Less intangible assets 9,016 9,016 9,016 9,016 9,016 9,016 9,016 Total tangible assets (Non-GAAP) 2,288,502 2,248,462 2,230,002 2,188,825 1,827,023 1,690,563 1,764,790 Tangible common equity ratio (Non-GAAP) 7.42% 6.33% 7.45% 6.20% 6.74% 6.22% 8.39% Tangible common equity ratio excluding AOCI (Non-GAAP) 8.43% 7.75% 8.42% 7.82% •eye 8.98% ----------- 9.26% 8.42% Shares outstanding (thousands) 4,493 4,454 4,481 4,427 4,371 4,390 4,441 Tangible book value per share (Non-GAAP) $37.78 $31.97 $37.10 $30.65 $28.17 $23.96 $33.34 Franklin Financial Services Corporation F&M TRUST 18

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## Exhibit 99.2

**Exhibit 99.2**

![Picture 1](fraf-20260501xex99_2g001.jpg)

Corporate Headquarters – Chambersburg, PA Annual Meeting April 28, 2026 Franklin Financial Services Corporation F&M TRUST Stock Symbol: FRAF (Nasdaq)

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![Picture 2](fraf-20260501xex99_2g002.jpg)Call to Order G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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![Picture 3](fraf-20260501xex99_2g003.jpg)

Invocation Pam Johns F&M TRUST Franklin Financial Services Corporation

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![Picture 4](fraf-20260501xex99_2g004.jpg)

Minutes of Last Meeting G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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![Picture 5](fraf-20260501xex99_2g005.jpg)

Forward Looking Statements In order to help you to better understand the business of the Company – where we have been and where we want to go – my remarks today (and those of other Company officers who will speak or respond to questions) will include forward looking statements relating to anticipated financial performance, future operating results, business prospects, new products, and similar matters. These statements represent our best judgment, based upon present circumstances and the information now available to us, of what we think may occur in the future – and, of course, it is possible that actual results may differ materially from those we envision today. For a more complete discussion on the subject of forward-looking statements, including a list of some of the risk factors that might adversely affect operating results, I refer you to the section entitled "Forward Looking Statements" which appears in our annual report on Form 10-K as filed with the Securities and Exchange Commission (SEC). F&M TRUST Franklin Financial Services Corporation

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Introductions G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Board of Directors G. Warren Elliott Chairman of the Board Craig W. Best CEO F&M TRUST Franklin Financial Services Corporation

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Board of Directors Martin R. Brown Kevin W. Craig Gregory A. Duffey F&M TRUST Franklin Financial Services Corporation

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Board of Directors Daniel J. Fisher Stanley J. Kerlin Donald H. Mowery F&M TRUST Franklin Financial Services Corporation

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Board of Directors Kimberly M. Rzomp Gregory I. Snook F&M TRUST Franklin Financial Services Corporation

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Skip Jennings Director Emeritus Nick Bybel Partner, Bybel Rutledge LLP Zoe Clayton Assistant Corporate Secretary – Judge of Elections Allison Minnis Partner, Crowe LLP Ian Kandray Senior Manager, Crowe LLP F&M TRUST Franklin Financial Services Corporation

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Chairman's Remarks G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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G. Warren Elliott Chairman of the Board F&M TRUST Franklin Financial Services Corporation

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F&M TRUST Franklin Financial Services Corporation CELEBRATING 120 YEARS F&M TRUST Franklin Financial Services Corporation

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F&M TRUST Franklin Financial Services Corporation

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F&M TRUST Franklin Financial Services Corporation

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F&M TRUST Franklin Financial Services Corporation

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The failure of 1,043 of savings and loans associations from 1986 to 1995 F&M TRUST Franklin Financial Services Corporation

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Mission Statement Delivering the right financial solutions from people you know and trust. Vision We are committed to remaining independent by growing our bank to meet the increasing needs of our employees, customers, communities, and shareholders. We strive to be a financial services leader in the markets we serve. Core Values The employees, officers, and directors are committed to the core values of integrity, teamwork, excellence, accountability, and concern for our customers and the communities we serve. F&M TRUST Franklin Financial Services Corporation

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23 Locations Serving South Central PA and Washington County MD Primary Trade Area Expanded Trade Area Offering Wealth Management, Commercial Financing, and Residential Lending Services F&M TRUST Franklin Financial Services Corporation

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Charles (Chad) B. Carroll, Jr. President & COO F&M TRUST Franklin Financial Services Corporation

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Craig W. Best CEO F&M TRUST Franklin Financial Services Corporation

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F&M TRUST

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Election of Directors G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Craig W. Best G. Warren Elliott Stanley J. Kerlin Kimberly M. Rzomp F&M TRUST Franklin Financial Services Corporation

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Say-On-Pay Vote G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Ratification of Auditors G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Polls Open G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Financial Overview Mark R. Hollar, Chief Financial Officer F&M TRUST Franklin Financial Services Corporation

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2025 Financial Highlights Dollars in Thousands (000's), Except Per Share 2025 2024 Earnings and Profitability Earnings Per Share $4.74 $2.51 Net Income $21,226 $11,099 Net Interest Margin 3.25% 2.95% Return on Average Assets (ROA) 0.94% 0.54% Return on Average Equity (ROE) 13.55% 8.05% Dividends per Share $1.31 $1.28 Balance Sheet and Capital Total Assets $2,239,018 $2,197,841 Total Loans (Net) $1,540,583 $1,380,424 Total Deposits $1,835,772 $1,815,647 Tangible Common Equity Ratio1 7.45% 6.20% Tangible Book Value per Share1 $37.10 $30.65 Asset Quality Nonperforming Assets / Total Assets 0.38% 0.01% Allowance for Credit Loss as % of Loans 1.32% 1.26% 1Non-GAAP – See non-GAAP reconciliation F&M TRUST Franklin Financial Services Corporation

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Diversified Loan Portfolio Loans Outstanding1 $5,577 $6,406 $6,199 $6,815 $8,853 $9,657 $145,279 $140,669 $118,443 $115,018 $108,545 $101,958 $209,335 4.05% $212,705 3.86% $232,093 4.14% $291,686 5.16% $343,577 5.65% $397,995 5.84% $135,978 $103,874 $117,159 $127,636 $122,052 $123,541 $177,029 $165,226 $158,980 $168,391 $153,694 $166,606 $336,506 $67,763 $369,932 $69,900 $418,167 $70,609 $547,439 $97,811 $661,356 $107,167 $761,481 $100,782 As of 12/31/2020 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 Non Owner-Occupied CRE Owner-Occupied CRE Commercial 1-4 Family Sate/ Muni Loans Consumer Purchased Participations Loan Yield 1Excludes loans held-for-sale; 2Purchased participations are included as part of the loans outstanding; 3Year-to-date, fully tax equivalent F&M TRUST Franklin Financial Services Corporation

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Deposits by Category $76,165 $74,253 $57,390 $132,446 $315,905 $224,323 $409,178 $511,969 $496,532 $454,517 $417,870 $431,843 $610,170 11.1% $699,734 9.0% $698,295 8.5% $677,965 8.9% $791,526 15.4% $869,355 13.1% $259,060 $298,403 $299,231 $273,050 $8,677 $290,346 $87,057 $310,251 $22,057 Non-Interest Bearing Checking MMA & Savings Inte4rest Bearing Checking Time Time-Brokered Total Uninsured / Uncollateralized 1Brokered deposits are included as part of time deposits F&M TRUST Franklin Financial Services Corporation

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Net Interest Income $41,961.00 $44,671.00 $51,586.00 $53,637.00 $57,514.00 $69,646.00 3.51% 3.06% 3.40% 4.70% 5.16% 5.31% 3.21% 2.88% 3.11% 3.31% 2.95% 3.25% 0.39% 0.24% 0.36% 1.75% 2.68% 2.50% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Net Interest Income Asset Yield Liability Cost Net interest margins 1For the year ended; 2Fully tax equivalent F&M TRUST Franklin Financial Services Corporation

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Diversified Income Non-Interest Income1 25.83% 29.46% 22.54% 22.57% 23.28% 21.59% $3,658.00 $5,392.00 $3,024.00 $3,610.00 $4,116.00 $4,430.00 $1,844.00 $2,170.00 $1,868.00 $2,157.00 $2,279.00 $2,370.00 $1,977.00 $2,258.00 $2,527.00 $2,492.00 $2,448.00 $2,535.00 $1,536.00 $2,430.00 $770.00 $199.00 $565.00 $672.00 $6,040.00 $7,111.00 $7,152.00 $7,512.00 $8,538.00 $9,169.00 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Wealth Management Fees Gain on Sale of Loans Deposit Service Fees Debit Card Income Other Non-Interest Income/Total Revenue 1Excludes net gains / (losses) on sales of debt securities F&M TRUST Franklin Financial Services Corporation

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Wealth Management $836,382.00 $946,975.00 $904,323.00 $1,094,779.00 $1,169,290.00 $1,273,421.00 $112,624.00 $60,060.00 $118,046.00 $100,457.00 $116,398.00 $147,454.00 $135,423.00 $217,891.00 $139,872.00 $109,604.00 $147,880.00 $153,866.00 As of 12/31/2020 As of 12/31/2021 As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 Brokerage Trust New Assets under Management (YTD) F&M TRUST Franklin Financial Services Corporation

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Shareholder Return $247.07 $225.82 $187.14 $185.24 Franklin Financial Services Corporation NASDAQ Composite Index S&P U.S. MBI Banks – Mid-Atlantic Region Index Peer Group Source: S&P Global Market Intelligence F&M TRUST Franklin Financial Services Corporation

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Net Income and Dividend Trend $3,922 $5,908 $5,354 $6,043 $6,637 $0.32 $0.33 $0.33 $0.33 $0.33 $0.34 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Income ($000's) Dividend (per share) F&M TRUST Franklin Financial Services Corporation

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GAAP / Non-GAAP Reconciliation 2025 2024 Tangible Book Value (Per Share) (Non-GAAP) Shareholders' Equity $175,242 $144,716 Less Intangible Assets (9,016) (9,016) Shareholders' Equity (Non-GAAP) $166,226 $135,700 Shares Outstanding (In Thousands) 4,481 4,427 Book Value Per Share $39.11 $32.69 Tangible Book Value Per Share (Non-GAAP) $37.10 $30.65 Tangible Common Equity Ratio (Non-GAAP) Total Assets $2,239,018 $2,197,841 Less Intangible Assets (9,016) (9,016) Total Tangible Assets (Non-GAAP) $2,230,002 $2,188,825 Tangible Common Equity Ratio (Non-GAAP) 7.45% 6.20% F&M TRUST Franklin Financial Services Corporation

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CEO's Remarks Craig W. Best F&M TRUST Franklin Financial Services Corporation

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Craig W. Best CEO F&M TRUST Franklin Financial Services Corporation

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Questions G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Polls Closed G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Report by Judge of Election Zoe R. Clayton F&M TRUST Franklin Financial Services Corporation

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Announcement G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Thank You G. Warren Elliott F&M TRUST Franklin Financial Services Corporation

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Meeting Adjourned Stock Symbol: FRAF (Nasdaq) www.franklinfin.com www.fmtrust.bank

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