Franklin Financial Network, Inc. (FSB) financial statements (2020 and earlier)

Company profile

Business Address 722 COLUMBIA AVENUE
FRANKLIN, TN 37064
State of Incorp. TN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182284252915249
Cash and cash equivalents182284252915249
Total current assets:182284252915249
Noncurrent Assets
Finance lease, right-of-use asset3
Operating lease, right-of-use asset40
Property, plant and equipment12121110810
Intangible assets, net (including goodwill)191910111112
Goodwill18189999
Intangible assets, net (excluding goodwill)111123
Total noncurrent assets:743121201921
Other undisclosed assets3,5623,9343,5712,8322,0971,285
TOTAL ASSETS:3,8184,2493,8442,9432,1681,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  31366122
Total current liabilities:  31366122
Noncurrent Liabilities
Other undisclosed liabilities3,4103,8773,5082,6361,9181,212
Total liabilities:3,4103,8773,5392,6731,9791,234
Stockholders' equity
Stockholders' equity attributable to parent408373305270189122
Preferred stock    1010
Common stock27026522321814894
Accumulated other comprehensive income (loss)(0)(15)(7)(7)(0)2
Retained earnings13912389593115
Stockholders' equity attributable to noncontrolling interest0000  
Total stockholders' equity:408373305270189122
TOTAL LIABILITIES AND EQUITY:3,8184,2493,8442,9432,1681,356

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1851731461148152
Net investment income1881701321006943
Financial services revenue1414129
Cost of revenue(14)(2)(4)(5)(5)(3)
Provision for loan, lease, and other losses(14)(2)
Amortization of mortgage servicing rights (msrs)     (1)
Financial services costs(4)(5)(5)(2)
Gross profit:1711701421097649
Operating expenses(19)(17)(49)(42)(34)(24)
Operating income:15215393674225
Nonoperating income (expense)  (0)001
Investment income, nonoperating     0
Gains (losses) on sales of other real estate  (0)00(0)
Bank owned life insurance income     0
Interest and debt expense(78)(64)(35)(18)(9)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (7)
Income from continuing operations before equity method investments, income taxes:758958493214
Other undisclosed loss from continuing operations before income taxes(48)(48)(11)(9)(7) 
Income from continuing operations before income taxes:264047402514
Income tax expense(3)(6)(19)(12)(9)(5)
Net income:23352828168
Net loss attributable to noncontrolling interest(0)(0)(0)   
Net income attributable to parent:23352828168
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)
Net income available to common stockholders, basic:23352828168
Other undisclosed net loss available to common stockholders, diluted(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:23342828168

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:23352828168
Other comprehensive income (loss)26(12)3(12)(4)7
Comprehensive income:492331161215
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)3(1)52 
Comprehensive income, net of tax, attributable to parent:482630211415

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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