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/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.19

Q3 Net $5.35

Income mln

Q3 Net $18.19

Interest mln

Income

Q3 $6.65

Pretax mln

Profit

Q3 $1.25

Provisio mln

n for

Credit

Losses

Press Release:

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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.)