First Franklin Corp. (FFHS), the parent of Franklin Savings and Loan Company, revised its third-quarter earnings. The revision is due to an increase in loan loss reserves of $334 thousand resulting primarily from updated information received on the underlying value of the collateral on a group of loans. This resulted in an increase in the loss for the quarter and year to date period of $221 thousand or $0.14 per basic share.
The Corporation revised the third-quarter net loss to $1.13 million or $0.68 per basic share and the net loss for the nine months ended September 30, 2009 to $865 thousand or $0.52 per basic share. The compares to a net loss of $39 thousand or $0.02 per basic share for the third quarter of 2008 and a loss of $809 thousand or $0.48 per basic share for the nine months ended September 30, 2008.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.