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Private company

1st FRANKLIN FINANCIAL CORP

1st FRANKLIN FINANCIAL CORP is an American personal credit institutions company, incorporated in Georgia.1 It is headquartered in Toccoa, Georgia.1

Last updated Oct 21, 2026.

Overview

$14.7MNet income, fiscal 20252
  • IndustryPersonal Credit Institutions1
  • HeadquartersToccoa, Georgia1
  • Incorporated inGA3
  • Business address135 E Tugalo St, P O Box 880, Toccoa, Ga 305773
  • Filer categoryNon-accelerated filer3

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1 st Franklin Financial Corporation is a privately-held Georgia corporation headquartered in Toccoa, Georgia. The Company has been engaged in the consumer finance business since 1941, primarily in making consumer loans to individuals for personal or family needs, in relatively small amounts with maturities of approximately 2 years. The Company historically extended real estate loans. Beginning in 2024, 1FFC discontinued the origination of real estate loans, and the portfolio is currently in runoff. The Company also purchases sales finance contracts from various dealers.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-1.5%Net margin2
7.7%Revenue growth, 20245
-2.2%Return on equity2
$78.1MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs98¢$372.3M
  • Income tax2¢$5.7M

Out of $378.0M in revenue.52 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending7¢$6.1M
  • Kept or used elsewhere93¢$78.1M

Out of $84.2M of cash from operations.2

Financial statements

Revenue675$378.0M in 2024+37% since 2020
0$100.0M$200.0M$300.0M$400.0M2020: $275.0M$275.0M20202021: $304.2M$304.2M2021+11%2022: $339.0M$339.0M2022+11%2023: $351.0M$351.0M2023+4%2024: $378.0M$378.0M2024+8%
Net income896752-$5.6M in 2024
-$20.0M0$20.0M$40.0M$60.0M2018: $17.3M$17.3M20182019: $13.3M$13.3M2019−23%2020: $15.9M$15.9M2020+19%2021: $41.9M$41.9M2021+163%2022: $16.2M$16.2M2022−61%2023: $530.0K$530.0K2023−97%2024: -$5.6M-$5.6M2024
Fiscal year2018201920202021202220232024
Revenue$275.0M6$304.2M7$339.0M5$351.0M5$378.0M5
Gross profit
Operating expenses$175.6M7$189.1M5$199.2M2$223.2M2
Interest$13.9M8$19.5M9$21.2M6$23.2M7$27.8M7$43.2M7
Income before tax$45.8M7$20.6M5$5.3M2$91.0K2
Income tax$3.2M8$3.8M9$3.4M6$3.9M7$4.4M5$4.8M2$5.7M2
Net income$17.3M8$13.3M9$15.9M6$41.9M7$16.2M5$530.0K2-$5.6M2
Earnings per share$102.018$78.529$93.476$246.247$95.065$3.122-$32.972

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What it owns

What 1st FRANKLIN FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$79.4M2 Dec 31, 2025$75.9M2 Dec 31, 2024+4.6%
Accumulated depreciation$63.9M2 Dec 31, 2025$60.4M2 Dec 31, 2024+5.8%
Property and equipment, net$15.5M2 Dec 31, 2025$15.5M2 Dec 31, 20240%
Operating-lease assets (leased space)$40.3M2 Dec 31, 2025$40.7M2 Dec 31, 2024−1.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.2M2 Dec 31, 2025$35.9M2 Dec 31, 2024−49.4%
Marketable securities, non-current$275.3M2 Dec 31, 2025$256.0M2 Dec 31, 2024+7.6%
Debt securities available for sale$275.3M2 Dec 31, 2025$256.0M2 Dec 31, 2024+7.6%

Properties, in its own words

1FFC's headquarters operations are located in Toccoa, Georgia. As of December 31, 2025, the business was operated through 114 branch offices in Georgia, 48 in Alabama, 43 in South Carolina, 40 in Mississippi, 39 in Tennessee, 37 in Louisiana, 24 in Texas, 17 in Kentucky, 7 in Virginia, and 5 in Florida. Each of the branches is leased under operating lease agreements.

We consider our properties to be suitable and adequate for operating our business. Our only reportable segment, which is our consumer finance segment, uses the properties described in this Part 1, Item 2, "Properties." Note 4, Premises & Equipment, and 9, Leases, in the accompanying Notes to the consolidated financial statements include additional information regarding investments in premises and equipment and leased properties.

Item 2 of the 10-K filed Mar 31, 2026.4

Former names

  • FIRST FRANKLIN FINANCIAL CORPJan 12, 1994 to Apr 16, 20083

Timeline

  1. Sep 4, 20268-K Executive or director change15
  2. Sep 1, 20268-K Entered a material agreement; New debt or obligation16
  3. Apr 6, 20268-K Executive or director change17
  4. Dec 29, 20258-K Entered a material agreement; New debt or obligation18
  5. Nov 10, 20258-K Executive or director change19
  6. Jul 14, 20258-K Executive or director change20
  7. Jun 2, 20258-K Executive or director change21
  8. May 22, 20258-K Executive or director change22
  9. Dec 11, 20248-K Entered a material agreement; New debt or obligation23
  10. Jun 12, 20248-K Executive or director change24
  11. Apr 19, 20248-K Bylaws or fiscal year changed25
  12. Apr 3, 20248-K Entered a material agreement; New debt or obligation26

Filings

666 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 18 major events, 628 other. The latest 20:

  1. Oct 14, 2026424B3 EDGAR
  2. Oct 14, 2026424B3 EDGAR
  3. Oct 8, 2026424B3 EDGAR
  4. Oct 8, 2026424B3 EDGAR
  5. Oct 1, 2026424B3 EDGAR
  6. Oct 1, 2026424B3 EDGAR
  7. Sep 24, 2026424B3 EDGAR
  8. Sep 24, 2026424B3 EDGAR
  9. Sep 17, 2026424B3 EDGAR
  10. Sep 17, 2026424B3 EDGAR
  11. Sep 10, 2026424B3 EDGAR
  12. Sep 10, 2026424B3 EDGAR
  13. Sep 9, 2026424B3 EDGAR
  14. Sep 9, 2026424B3 EDGAR
  15. Sep 4, 2026424B3 EDGAR
  16. Sep 4, 2026424B3 EDGAR
  17. Sep 4, 20268-K EDGAR
  18. Sep 3, 2026424B3 EDGAR
  19. Sep 3, 2026424B3 EDGAR
  20. Sep 1, 2026424B3 EDGAR

The 666 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How 1st FRANKLIN FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAR1st FRANKLIN FINANCIAL CORP1
  • CIK0000038723
  • Employer ID (EIN)58-05212334
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inGeorgia4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6141 Personal Credit Institutions1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address135 E Tugalo St, P O Box 880, Toccoa, GA 305771
  • Mailing address135 East Tugalo Street, Po Box 880, Toccoa, GA 305771
  • Phone70688675711
  • Shares outstanding1,700 Voting Common Stock shares; 168,318 Nonvoting Common Stock shares as of Mar 31, 20264
  • Public float$0 as of Jun 30, 20252
  • AuditorDeloitte & Touche LLP, Atlanta, Georgia PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 5, 19941
  • Filings3,265 in all: 424B3 (2,287), 424B2 (635), 10-Q (98), EFFECT (45), 8-K (43), POS AM (37), 10-K (33), S-1 (15)1
    All 22 form types

    UPLOAD (15), S-1/A (14), CORRESP (10), S-2/A (9), S-2 (6), 10-K/A (5), NT 10-Q (3), 10-Q/A (2), AW (2), NT 10-K (2), 424B4 (1), 424B8 (1), 8-K/A (1), ARS (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Sep 4, 2026

Risk factors and legal proceedings

The risks 1st FRANKLIN FINANCIAL CORP names in Item 1A of its 10-K filed Mar 31, 2026: 17 risks under these headings, as written.4

  • Risks Related to Our Business
  • Because we require a substantial amount of cash to service our debt, we may not be able to pay all of the obligations under our indebtedness.
  • Because we depend on liquidity to operate our business, a decrease in the sale of our debt securities, an increase in requests for their redemption or the unavailability of borrowings under our credit facility may make it more difficult for us to operate our business and pay our obligations in a timely manner.
  • Adverse changes in the ability or willingness of our customers to meet their repayment obligations to the Company could adversely impact our liquidity, financial condition and results of operations.
  • An increase in the interest we pay on our debt and borrowings could materially and adversely affect our net interest margin.
  • We operate in a highly competitive environment.
  • We may not be able to make technological improvements as quickly as some of our competitors, which could harm our competitive ability and adversely affect our business, prospects, financial condition and results of operations.
  • We are exposed to the risk of technology failures.
  • We could incur significant liability, and our business, financial condition, results of operations and reputation could be harmed, if our information systems are breached or we otherwise fail to protect customer, investor, employee or Company data or systems.
  • We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate the material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial condition or results of operations.
  • Our business could be adversely affected by the loss of one or more key employees.
  • Risks Related to Our Debt Securities
The other 7 risks
  • Our offers and sales of securities must comply with applicable securities laws, or we could be liable for damages, which could impact our ability to make payments on our outstanding debt securities.
  • Neither the Company nor any of its debt securities are or will be rated by any nationally recognized statistical rating agency, and this may increase the risk of your investment.
  • General Risk Factors
  • Uncertain economic conditions could negatively affect our results and profitability.
  • The effects of a pandemic, epidemic or other widespread public health emergency may adversely affect our business, financial condition and results of operations.
  • Risks Related to Our Regulatory Environment
  • Consumer finance companies and other companies that offer and sell securities to the public such as the Company are subject to an increasing number of laws and government regulations. Compliance with these regulations requires significant time and attention of management, and is costly. Further, if
  • we fail to comply with these laws or regulations, our business may suffer and our ability to pay our obligations may be impaired.
  • If we experience unfavorable litigation or proceedings, our ability to timely meet our obligations may be impaired.

Legal proceedings

From time to time, the Company is involved in various claims and lawsuits incidental to its business. In the opinion of management based on currently available facts, the ultimate resolution of any such known claims and lawsuits is not expected to have a material adverse effect on the Company’s financial position, liquidity, or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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