Franklin Financial Services Corporation reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported earnings of $2,267,000 for the fourth quarter ended December 31, 2015. This represents a 22.7% increase when compared to fourth quarter 2014 earnings of $1,847,000. Net income for the year was $10,204,000 compared with $8,402,000 for 2014, an increase of 21.4%. On a per share basis, diluted earnings were $0.53 for the quarter ended December 31, 2015 compared to $0.44 a year ago.

For the year, Earnings for 2015 were enhanced by two nonrecurring events that increased noninterest income by $899,000 (pretax) and a $250,000 reduction of a deferred tax valuation allowance related to capital losses. Net income for 2015 adjusted for the nonrecurring events and valuation allowance reduction was approximately $9,361,000 which represents an increase of 11.4% over 2014. On a per share basis, diluted earnings were $0.2.40 for the year compared to $2.00 a year ago.