List Created to Identify the Country's Top Performing Small-Cap Banks and Thrifts
FRANKLIN, Tenn., Sept. 25, 2017 — Franklin Financial Network, Inc. (NYSE: FSB), the parent company of Franklin Synergy Bank, today announced that it has been named to the Sandler O’Neill + Partners 2017 Bank & Thrift Sm-All Stars, the second consecutive year the Company has been included on the list. The Sandler O’Neill 2017 Sm-All Stars is a group of 29 public banks and thrifts that have a market capitalization below $2.5 billion.
Sandler O’Neill’s screening methodology examined growth, profitability, credit quality and capital strength and eliminated 375 institutions, or 93% of banks and thrifts with market capitalizations below $2.5 billion that trade on a major exchange. Sandler O’Neill’s report stated: “The performance metrics of the remaining 29 institutions are outstanding, with the Class of 2017 delivering bottom line results that are markedly better that the industry as a whole.”
Richard Herrington, the Company’s Chairman and Chief Executive Officer, remarked, “We are very pleased to again be named to Sandler O’Neill’s Sm-All Stars list, the only financial institution in Tennessee to be named and one of only eight in the South to be named. Our inclusion among this elite group is testament to the performance of our colleagues throughout the Company, who successfully build long-term relationships with our customers through superior service and execution. The Company’s results also reflect the favorable dynamics of our core middle Tennessee markets, which remain among the most attractive in the country.”
Franklin Synergy Bank provides a full range of banking, investment, trust and mortgage products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution.
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About the Company: Franklin Financial Network, Inc.
Franklin Financial Network, Inc. is a financial holding company headquartered in Franklin, Tennessee. The Company’s wholly owned bank subsidiary, Franklin Synergy Bank, a Tennessee-chartered commercial bank founded in November 2007 and a member of the Federal Reserve System, provides a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $3.44 billion at June 30, 2017, the Bank currently operates through 12 branches and one loan production office in the growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial-100 Index, and the FTSE Russell 2000 Index, is available at www.FranklinSynergyBank.com.
EVP, Chief Financial Officer