OverviewSuggest Edit

Franklin Financial Network provides a range of banking and related financial services, through its bank subsidiary, Franklin Synergy Bank . The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. Its 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.

TypePublic
Founded2007
HQFranklin, US
Websitefranklinsynergybank.com

Latest Updates

Employees (est.) (Dec 2018)337(+21%)
Revenue (FY, 2018)$180.6 M(+23%)
Share Price (Oct 2019)$29.9 (-1%)

Key People/Management at Franklin Financial Network

Kim Knight

Kim Knight

VP Treasury Management Sales Manager Downtown Franklin
Jennifer Holliday

Jennifer Holliday

AVP Treasury Management Officer
Allison Porter

Allison Porter

AVP Treasury Management Officer Downtown Franklin
Caitlin Olson

Caitlin Olson

Treasury Management Analyst
Lisa Deal

Lisa Deal

Treasury Management Analyst Downtown Franklin
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Franklin Financial Network Office Locations

Franklin Financial Network has an office in Franklin
Franklin, US (HQ)
722 Columbia Ave
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Franklin Financial Network Financials and Metrics

Franklin Financial Network Revenue

Franklin Financial Network's revenue was reported to be $180.61 m in FY, 2018
USD

Revenue (Q2, 2019)

52.4m

Gross profit (Q2, 2019)

32.3m

Gross profit margin (Q2, 2019), %

61.6%

Net income (Q2, 2019)

5.2m

EBIT (Q2, 2019)

20.3m

Market capitalization (16-Oct-2019)

437.3m

Closing stock price (16-Oct-2019)

29.9
Franklin Financial Network's current market capitalization is $437.3 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

53.4m81.6m115.0m147.2m180.6m

Revenue growth, %

53%41%

Cost of goods sold

9.3m18.3m35.4m64.4m

Gross profit

72.2m96.7m111.8m116.2m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

18.3m23.1m25.6m28.9m30.6m34.5m36.9m37.3m41.5m46.3m47.2m51.0m52.4m

Cost of goods sold

1.4m1.6m2.1m2.6m3.3m4.4m5.0m6.9m8.5m9.5m12.9m15.2m17.2m20.1m20.1m

Gross profit

16.2m20.5m22.4m24.6m25.6m27.7m28.3m27.9m28.6m31.1m30.0m30.9m32.3m

Gross profit Margin, %

89%89%87%85%84%80%77%75%69%67%64%61%62%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Inventories

1.3b1.8b2.3b

PP&E

7.6m9.6m11.3m12.4m

Goodwill

9.1m9.1m9.1m18.2m

Total Assets

2.2b2.9b3.8b4.2b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Inventories

451.9m485.6m719.3m874.5m962.2m1.1b1.4b1.6b1.7b1.9b2.0b2.1b2.3b2.5b2.6b

PP&E

5.4m5.8m13.1m9.7m9.6m9.4m8.1m8.4m8.8m10.2m10.9m11.2m10.9m11.6m11.9m12.7m12.9m

Goodwill

157.0k157.0k9.1m9.1m9.1m9.1m9.1m9.1m9.1m9.1m9.1m9.1m9.1m18.2m18.2m18.2m18.2m

Total Assets

866.7m872.1m1.2b1.5b1.8b2.0b2.3b2.6b2.7b3.5b3.4b3.6b4.1b4.2b4.2b4.2b4.1b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

16.1m28.1m28.1m34.5m

Cash From Operating Activities

27.3m28.2m55.6m50.3m

Cash From Investing Activities

(818.3m)(741.9m)(759.6m)(219.5m)

Dividends Paid

(100.0k)(23.0k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

1.5m2.0m2.0m1.5m6.3m11.4m6.2m13.2m20.3m7.9m16.8m25.7m10.1m20.2m30.8m2.9m8.1m

Accounts Payable

374.0k437.0k

Cash From Operating Activities

1.7m8.0m19.0m13.8m13.9m17.8m27.4m35.5m46.5m12.4m17.0m32.2m(12.3m)19.0m

Cash From Investing Activities

(55.9m)(420.9m)(650.9m)(121.0m)(410.2m)(518.1m)(501.3m)(507.0m)(570.4m)(256.0m)(229.9m)(279.5m)99.6m109.0m
USDY, 2019

Financial Leverage

10.3 x
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Franklin Financial Network Operating Metrics

Franklin Financial Network's Total Loans was reported to be $2b in Q2, 2017.
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Franklin Financial Network Online and Social Media Presence

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Franklin Financial Network News and Updates

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Franklin Financial Network, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

NEW YORK, Aug. 27, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Franklin Financial Network, Inc. (NYSE: FSB)....

Franklin Financial Network, Inc. Announces Quarterly Cash Dividend Of $0.04 Per Share

FRANKLIN, Tenn., July 24, 2019 /PRNewswire/ -- Franklin Financial Network, Inc. (the "Company") (NYSE: FSB), parent company of Franklin Synergy Bank, today announced that its Board of Directors declared a quarterly dividend of $0.04 per share. The dividend is payable on August 30, 2019,...

Franklin Financial Network Names Steve Groom General Counsel And Executive Vice President

FRANKLIN, Tenn., July 5, 2019 /PRNewswire/ -- Franklin Financial Network, Inc. (NYSE: FSB), the parent company of Franklin Synergy Bank, today announced that Steve Groom has joined the Company as General Counsel and Executive Vice President. Groom has more than 40 years of experience as...

Franklin Financial Network Reports 2019 First Quarter Results

FRANKLIN, Tenn., April 24, 2019 /PRNewswire/ -- Franklin Financial Network, Inc. (the "Company") (NYSE: FSB), parent company of Franklin Synergy Bank, reported net income of $2.9 million, or $0.19 per diluted common share, for the first quarter of 2019, compared to $10.1 million, or $0.73 ...

Franklin Financial Network Announces Leadership Transition

FRANKLIN, Tenn., March 8, 2019 /PRNewswire/ -- Franklin Financial Network, Inc. (the "Company") (NYSE: FSB), the parent company of Franklin Synergy Bank (the "Bank"), announced today that Richard E. Herrington, the President of the Company, Chief Executive Officer of the Company and the...

Franklin Financial Network Reports 2018 Fourth Quarter and Year-End Results

FRANKLIN, Tenn., Jan. 23, 2019 /PRNewswire/ -- Franklin Financial Network, Inc. (the "Company") (NYSE: FSB), parent company of Franklin Synergy Bank, reported net income of $3.7 million, or $0.25 per diluted common share for the fourth quarter of 2018, compared to $0.17 per diluted common ...
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Franklin Financial Network Blogs

Developer Cements Loan to Double Nations Project

A Nashville real estate developer has secured more than $17 million that will finance his efforts to double the scope of his mixed-use development in a high-profile area of West Nashville. Nathan Lyons and others involved in the Stocking 51 development in The Nations formally broke ground Tuesday on…

Franklin Synergy Bank Opens New Franklin Branch

Franklin Synergy Bank on Dec. 21 opened the doors of its newest branch , located at 5040 Carothers Parkway – Suite 109 in the Carothers Crossing development. Franklin Synergy is continuing to expand the bank’s Middle Tennessee footprint to meet the needs of growing communities. “Franklin Synergy Ban…

FRANKLIN FINANCIAL NETWORK ANNOUNCES THE PROMOTION OF CHRIS BLACK TO CHIEF FINANCIAL OFFICER

FRANKLIN FINANCIAL NETWORK ANNOUNCES THE PROMOTION OF CHRIS BLACK TO CHIEF FINANCIAL OFFICER AND THE UPCOMING RETIREMENT OF SARAH MEYERROSE   FRANKLIN, Tenn., December 12, 2018 – Franklin Financial Network, Inc. (NYSE: FSB), the parent company of Franklin Synergy Bank, today announced the promotion …

Manage Your Money Better—So You Can Give More

Manage Your Money Better-So You Can Give More By Dee Jernigan During the fourth quarter of the year, many of us begin to reflect on what we’ve accomplished thus far—and what we’d still like to accomplish before next year. It’s not too late to make a meaningful impact in 2018. With the season of givi…

WERE YOUR LOANS MADE WITH YOUR LIFESTYLE IN MIND?

WERE YOUR LOANS MADE WITH YOUR LIFESTYLE IN MIND? BY SALLY BOWERS If you’ve ever made a real estate purchase (and chances are you may have made more than one in your lifetime), you probably have experienced the headache of selecting the best mortgage loan. Despite your best efforts, loans that were …

Wealth Health: 5 Habits of the Financially Fit

Wealth Health: 5 Habits of the Financially Fit By Dee Jernigan Like physical fitness, financial fitness takes discipline and a healthy dose of hard work. No matter your current financial state, it’s never too late to start on the path to financial health. Consider these habits championed by financia…
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Franklin Financial Network Frequently Asked Questions

  • When was Franklin Financial Network founded?

    Franklin Financial Network was founded in 2007.

  • Who are Franklin Financial Network key executives?

    Franklin Financial Network's key executives are Kim Knight, Jennifer Holliday and Allison Porter.

  • How many employees does Franklin Financial Network have?

    Franklin Financial Network has 337 employees.

  • What is Franklin Financial Network revenue?

    Latest Franklin Financial Network annual revenue is $180.6 m.

  • What is Franklin Financial Network revenue per employee?

    Latest Franklin Financial Network revenue per employee is $535.9 k.

  • Who are Franklin Financial Network competitors?

    Competitors of Franklin Financial Network include Bank Hapoalim, Esquire Bank and WVS Financial.

  • Where is Franklin Financial Network headquarters?

    Franklin Financial Network headquarters is located at 722 Columbia Ave, Franklin.

  • Where are Franklin Financial Network offices?

    Franklin Financial Network has an office in Franklin.

  • How many offices does Franklin Financial Network have?

    Franklin Financial Network has 1 office.