Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three Months Ended March 31, 2025
Embassy Bancorp (OTCQX: EMYB) reported strong Q1 2025 financial results, with net income rising to $2.9 million ($0.38 per diluted share), up from $2.5 million ($0.33 per diluted share) in Q1 2024. The bank's deposits increased by $59.0 million to $1.61 billion at March 31, 2025, from $1.55 billion at December 31, 2024.
The bank's performance showed improvements in key metrics, with net interest margin (FTE) increasing to 2.34% in Q1 2025, up from 2.28% in Q4 2024 and 2.20% in Q1 2024. Cost of funds decreased to 1.80%, below the Pennsylvania peer group average of 2.11%. The bank maintains strong asset quality with noncurrent loans at just 0.04% of total loans, significantly better than the peer group's 0.46%.
Embassy Bancorp (OTCQX: EMYB) ha riportato solidi risultati finanziari nel primo trimestre del 2025, con un utile netto in aumento a 2,9 milioni di dollari (0,38 dollari per azione diluita), rispetto ai 2,5 milioni di dollari (0,33 dollari per azione diluita) del primo trimestre 2024. I depositi della banca sono cresciuti di 59,0 milioni di dollari, raggiungendo 1,61 miliardi di dollari al 31 marzo 2025, rispetto a 1,55 miliardi al 31 dicembre 2024.
Le performance della banca hanno mostrato miglioramenti nei principali indicatori, con il margine di interesse netto (FTE) che è salito al 2,34% nel primo trimestre 2025, rispetto al 2,28% del quarto trimestre 2024 e al 2,20% del primo trimestre 2024. Il costo dei fondi è diminuito all'1,80%, al di sotto della media del gruppo di pari della Pennsylvania, pari al 2,11%. La banca mantiene una solida qualità degli attivi, con prestiti non correnti pari a solo lo 0,04% del totale prestiti, molto migliore rispetto allo 0,46% del gruppo di pari.
Embassy Bancorp (OTCQX: EMYB) reportó sólidos resultados financieros en el primer trimestre de 2025, con un ingreso neto que aumentó a 2,9 millones de dólares (0,38 dólares por acción diluida), frente a los 2,5 millones de dólares (0,33 dólares por acción diluida) del primer trimestre de 2024. Los depósitos del banco crecieron 59,0 millones de dólares hasta 1,61 mil millones de dólares al 31 de marzo de 2025, desde 1,55 mil millones al 31 de diciembre de 2024.
El desempeño del banco mostró mejoras en métricas clave, con el margen neto de interés (FTE) aumentando a 2,34% en el primer trimestre de 2025, desde 2,28% en el cuarto trimestre de 2024 y 2,20% en el primer trimestre de 2024. El costo de los fondos disminuyó a 1,80%, por debajo del promedio del grupo de pares de Pensilvania, que es 2,11%. El banco mantiene una fuerte calidad de activos con préstamos no corrientes en solo 0,04% del total de préstamos, significativamente mejor que el 0,46% del grupo de pares.
Embassy Bancorp (OTCQX: EMYB)는 2025년 1분기 강력한 재무 실적을 보고했으며, 순이익이 290만 달러(희석 주당 0.38달러)로 2024년 1분기 250만 달러(희석 주당 0.33달러)에서 증가했습니다. 은행의 예금은 2025년 3월 31일 기준 1억 5,900만 달러 증가하여 16억 1천만 달러를 기록했으며, 2024년 12월 31일의 15억 5천만 달러에서 상승했습니다.
은행의 성과는 주요 지표에서 개선을 보였으며, 2025년 1분기 순이자마진(FTE)은 2.34%로 2024년 4분기 2.28%, 2024년 1분기 2.20%에서 상승했습니다. 자금 조달 비용은 1.80%로 펜실베이니아 동종업계 평균 2.11%보다 낮습니다. 은행은 총 대출 중 부실 대출 비율이 0.04%에 불과해 동종업계 0.46%보다 훨씬 우수한 자산 건전성을 유지하고 있습니다.
Embassy Bancorp (OTCQX : EMYB) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un revenu net en hausse à 2,9 millions de dollars (0,38 dollar par action diluée), contre 2,5 millions de dollars (0,33 dollar par action diluée) au premier trimestre 2024. Les dépôts de la banque ont augmenté de 59,0 millions de dollars pour atteindre 1,61 milliard de dollars au 31 mars 2025, contre 1,55 milliard au 31 décembre 2024.
La performance de la banque a montré des améliorations dans les indicateurs clés, avec une marge nette d'intérêt (FTE) en hausse à 2,34% au premier trimestre 2025, contre 2,28% au quatrième trimestre 2024 et 2,20% au premier trimestre 2024. Le coût des fonds a diminué à 1,80%, en dessous de la moyenne du groupe de pairs de Pennsylvanie de 2,11%. La banque maintient une forte qualité d'actifs, avec des prêts non performants représentant seulement 0,04% du total des prêts, nettement mieux que les 0,46% du groupe de pairs.
Embassy Bancorp (OTCQX: EMYB) meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 2,9 Millionen US-Dollar (0,38 US-Dollar je verwässerter Aktie), gegenüber 2,5 Millionen US-Dollar (0,33 US-Dollar je verwässerter Aktie) im ersten Quartal 2024. Die Einlagen der Bank stiegen um 59,0 Millionen US-Dollar auf 1,61 Milliarden US-Dollar zum 31. März 2025, gegenüber 1,55 Milliarden US-Dollar zum 31. Dezember 2024.
Die Leistung der Bank zeigte Verbesserungen bei wichtigen Kennzahlen, wobei die Nettozinsmarge (FTE) im ersten Quartal 2025 auf 2,34% anstieg, gegenüber 2,28% im vierten Quartal 2024 und 2,20% im ersten Quartal 2024. Die Kapitalkosten sanken auf 1,80%, unter dem Durchschnitt der Peer-Gruppe in Pennsylvania von 2,11%. Die Bank hält eine starke Vermögensqualität mit notleidenden Krediten von nur 0,04% der Gesamtforderungen, deutlich besser als die 0,46% der Peer-Gruppe.
- Net income increased 16% YoY to $2.9 million ($0.38 per diluted share)
- Deposits grew by $59.0 million QoQ to $1.61 billion
- Net interest margin improved to 2.34%, up from 2.20% YoY
- Cost of funds decreased to 1.80%, better than peer group average of 2.11%
- Superior asset quality with only 0.04% noncurrent loans vs peer group's 0.46%
- All short-term borrowings repaid, demonstrating strong liquidity
- None.
BETHLEHEM, Pa., May 16, 2025 (GLOBE NEWSWIRE) -- On May 14, 2025, Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx.
Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the “Bank”), the Company’s wholly-owned subsidiary, include:
- Cash and cash equivalents on hand of
$97.9 million at March 31, 2025, or5.6% of total assets. - Deposits of
$1.61 billion at March 31, 2025, an increase of$59.0 million from$1.55 billion at December 31, 2024. The Company does not have any brokered deposits. - Short term borrowings of
$15.6 million at December 31, 2024 were repaid in full on January 2, 2025 and there were no new borrowings required during the quarter ended March 31, 2025. - Bank net interest margin (FTE) increased to
2.34% for the quarter ended March 31, 2025, up from2.28% for the quarter ended December 31, 2024 and up from2.20% for the prior year quarter ended March 31, 2024 - Bank cost of funds of
1.80% for the quarter ended March 31, 2025, down from1.91% for the quarter ended December 31, 2024. This is compared to a Pennsylvania peer group (stock banks headquartered in Pennsylvania with assets between$100 million and$5 billion ) cost of funds of2.11% for the quarter ended March 31, 2025. - Bank assets per employee of
$15.4 million at March 31, 2025, compared to the Pennsylvania peer group assets per employee of$8.0 million . - Bank noncurrent loans to total loans of only
0.04% as of March 31, 2025, compared to the Pennsylvania peer group total of0.46% . - Net income of
$2.9 million , or$0.38 per diluted share, for the three months ended March 31, 2025, up from$2.5 million , or$0.33 per diluted share, for the prior year three months ended March 31, 2024.
About Embassy Bancorp, Inc.
With over
Embassy Bank was recently named “Best Bank & Mortgage Company” in the 2025 Who’s Who in Business survey, as featured in Lehigh Valley Style magazine—marking the fourth consecutive year it has earned this distinguished honor. The Bank was also voted the 2024 Morning Call Readers’ Choice “Best Bank,” underscoring its ongoing commitment to exceptional customer service and community-focused banking.
According to the Federal Deposit Insurance Corporation’s (FDIC) Summary of Deposits as of June 30, 2024, Embassy Bank ranks fourth in total deposit market share across Lehigh and Northampton Counties combined—further solidifying its role as a leading financial institution in the region.
For more information, visit www.embassybank.com.
Safe Harbor for Forward-Looking Statements
This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the company’s business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; difficulties in integrating distinct business operations, including information technology difficulties; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Embassy Bancorp, Inc.’s filings with the Securities and Exchange Commission (SEC). The statements are valid only as of the date hereof and Embassy Bancorp, Inc. disclaims any obligation to update this information.
Contact:
David M. Lobach, Jr.
Chairman, President and CEO
(610) 882-8800
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