Franklin Synergy Bank

Founded in November 2007, Franklin Synergy Bank currently has six offices in Williamson County and five offices in Rutherford County. The bank provides deposit and loan products, treasury management and financial planning services for consumers and businesses. Franklin Synergy earned its first profit in 2009, after just five quarters of operation. Deposits surpassed $1 billion in July 2014, upon the acquisition of Rutherford County’s MidSouth Bank.

Recent FDIC deposit share of market data shows that Franklin Synergy Bank has grown to the deposit market share leader doing business in Williamson County.

Company Growth (employees)
Type
Public
HQ
Franklin, US
Founded
2007
Size (employees)
267 (est)+20%
Franklin Synergy Bank was founded in 2007 and is headquartered in Franklin, US

Franklin Synergy Bank Office Locations

Franklin Synergy Bank has an office in Franklin
Franklin, US (HQ)
722 Columbia Ave

Franklin Synergy Bank Data and Metrics

Franklin Synergy Bank Financial Metrics

Franklin Synergy Bank's revenue was reported to be $34.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

34.5 m

Gross profit (Q1, 2017)

27.7 m

Gross profit margin (Q1, 2017), %

80%

Net income (Q1, 2017)

7.9 m

EBIT (Q1, 2017)

21.8 m

Market capitalization (18-Aug-2017)

449 m
Franklin Synergy Bank's current market capitalization is $449 m.
USDFY, 2016

Revenue

115 m

Cost of goods sold

18.3 m

Gross profit

96.7 m

Gross profit Margin, %

84%

Sales and marketing expense

762 k

General and administrative expense

7.6 m

Operating expense total

51.7 m

EBIT

76.3 m

EBIT margin, %

66%

Pre tax profit

39.8 m

Income tax expense

11.7 m

Net Income

28.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

18.3 m23.1 m25.6 m28.9 m30.6 m34.5 m

Cost of goods sold

1.4 m1.6 m2.1 m2.6 m3.3 m4.4 m5 m6.9 m

Gross profit

16.2 m20.5 m22.4 m24.6 m25.6 m27.7 m

Gross profit Margin, %

89%89%87%85%84%80%

Sales and marketing expense

135 k224 k198 k277 k217 k188 k206 k267 k

General and administrative expense

1 m1.4 m1.7 m1.7 m1.8 m1.8 m2 m2.1 m

Operating expense total

1.1 m1.7 m1.9 m2 m2 m1.9 m2.2 m2.4 m

EBIT

6.9 m10.5 m12.5 m15 m18.1 m18.4 m19.3 m21.8 m

EBIT margin, %

69%65%71%64%63%63%

Pre tax profit

3.3 m3.3 m4.8 m8 m9.4 m10.1 m10.5 m11.5 m

Income tax expense

1.2 m1.3 m1.7 m2.8 m3.2 m3.1 m3.4 m3.6 m

Net Income

2 m2 m1.5 m3.1 m5.2 m6.2 m13.2 m20.3 m7.9 m
USDFY, 2016

Inventories

1.8 b

PP&E

9.6 m

Goodwill

9.1 m

Total Assets

2.9 b

Accounts Payable

2.4 b

Total Debt

132 m

Total Liabilities

2.7 b

Retained Earnings

59.4 m

Total Equity

270.4 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0 x

Financial Leverage

10.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Inventories

485.6 m719.3 m874.5 m962.2 m1.1 b1.4 b1.6 b1.7 b1.9 b

PP&E

5.8 m13.1 m9.7 m9.6 m9.4 m8.1 m8.4 m8.8 m10.2 m

Goodwill

157 k9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m

Total Assets

872.1 m1.2 b1.5 b1.8 b2 b2.3 b2.6 b2.7 b3.5 b

Accounts Payable

747.3 m1.1 b1.3 b1.5 b1.7 b2 b2.2 b2.2 b2.8 b

Retained Earnings

10.6 m12.6 m18.5 m21.6 m26.7 m37.6 m44.6 m51.6 m67.3 m

Total Equity

74.2 m116.5 m178.5 m177.1 m187.6 m191.9 m204.3 m209.6 m278.5 m

Financial Leverage

11.8 x10.6 x8.5 x10 x10.7 x12 x12.8 x12.9 x12.4 x
USDFY, 2016

Net Income

28.1 m

Cash From Operating Activities

28.2 m

Cash From Investing Activities

(741.9 m)

Dividends Paid

(23 k)

Cash From Financing Activities

752.2 m

Interest Paid

17 m

Income Taxes Paid

14 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2 m2 m1.5 m3.1 m5.2 m6.2 m13.2 m20.3 m7.9 m

Accounts Receivable

2.5 m3.4 m

Accounts Payable

374 k437 k

Cash From Operating Activities

13.8 m13.9 m17.8 m27.4 m

Cash From Investing Activities

(121 m)(410.2 m)(518.1 m)(501.3 m)

Dividends Paid

(23 k)(23 k)(23 k)(23 k)

Cash From Financing Activities

117 m416 m503.7 m497.7 m

Interest Paid

3 m6.5 m11.9 m6.8 m

Income Taxes Paid

1.1 m7.3 m9.7 m530 k
USDY, 2017

Revenue/Employee

154.2 k

Financial Leverage

12.4 x

Franklin Synergy Bank Market Value History

Traffic Overview of Franklin Synergy Bank

Franklin Synergy Bank Online and Social Media Presence

Franklin Synergy Bank Company Life and Culture

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