CINCINNATI, Feb. 17 /PRNewswire-FirstCall/ -- First Franklin Corporation , the parent of Franklin Savings and Loan Company, Cincinnati, Ohio today announced net income of $270,000 ($0.16 per basic share) for the fourth quarter of 2005 and $1.24 million ($0.75 per basic share) for the year ended December 31, 2005. This compares to earnings of $88,000 ($0.05 per basic share) for the fourth quarter of 2004 and $673,000 ($0.41 per basic share) for the year ended December 31, 2004.
During the second quarter of 2005, Intrieve, Incorporated, the provider of our data processing services, was acquired by Harland Financial Solutions, Inc. Both Franklin Savings and its wholly-owned subsidiary, Madison Service Corporation, had an investment in Intrieve which resulted in an approximate after-tax profit of $427,000 ($0.25 per basic share).
Franklin Savings has eight locations in Greater Cincinnati. The Corporation's common stock is traded on the Nasdaq National Market under the symbol "FFHS."
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