First Franklin Corporation (FFHS) Announces Earnings

CINCINNATI, March 7 /PRNewswire-FirstCall/ -- First Franklin Corporation (NASDAQ:FFHS), the parent of Franklin Savings and Loan Company, Cincinnati, Ohio today announced that net income was $89,000 ($0.05 per basic share) for the fourth quarter of 2007 and $456,000 ($.27 per basic share) for the year ended December 31, 2007. This compares to earnings of $533,000 ($0.32 per basic share) for the fourth quarter of 2006 and $1.36 million ($0.81 per basic share) for the year ended December 31, 2006.

During 2006, the Company sold its $1.50 million investment in Financial Institution Partners III, L.P., for which it received $2.73 million and recorded an after-tax profit of approximately $812,000 ($0.48 per basic share).

Franklin Savings has eight locations in Greater Cincinnati. The Corporation's common stock is traded on the Nasdaq Global Market under the symbol "FFHS".

First Call Analyst:
FCMN Contact:

Source: First Franklin Corporation

CONTACT: Thomas H. Siemers, President and CEO, First Franklin
Corporation, +1-513-469-5352

Web site: http://www.franklinsavings.com/

2008-03-07 19:02:06 0307569 PRNEWSWIRE