Latest news with #EmbassyBank
Yahoo
3 days ago
- Business
- Yahoo
Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three and Six Months Ended June 30, 2025
BETHLEHEM, Pa., Aug. 15, 2025 (GLOBE NEWSWIRE) -- On August 13, 2025, Embassy Bancorp, Inc. (OTCQX: EMYB) (the 'Company') filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025, a copy of which can be found at 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 $91.8 million at June 30, 2025, or 5.2% of total assets. Deposits of $1.61 billion at June 30, 2025, an increase of $57.2 million, or 3.7%, 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 six months ended June 30, 2025. Bank net interest margin (FTE) increased to 2.43% for the quarter ended June 30, 2025, up from 2.34% for the quarter ended March 31, 2025, and up from 2.16% for the prior year quarter ended June 30, 2024. Bank cost of funds of 1.81% for the quarter ended June 30, 2025, up slightly from 1.80% for the quarter ended March 31, 2025, and down from 1.86% for the prior year quarter ended June 30, 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 of 2.10% for the quarter ended June 30, 2025. Bank assets per employee of $15.4 million at June 30, 2025, compared to the Pennsylvania peer group assets per employee of $7.9 million. Bank noncurrent loans to total loans of only 0.04% as of June 30, 2025, compared to the Pennsylvania peer group total of 0.49%. Net income of $3.4 million, or $0.45 per diluted share, for the three months ended June 30, 2025, up from $2.5 million, or $0.33 per diluted share, for the prior year three months ended June 30, 2024. Net income of $6.3 million, or $0.83 per diluted share, for the six months ended June 30, 2025, up from $5.0 million, or $0.66 per diluted share, for the prior year six months ended June 30, 2024. About Embassy Bancorp, Inc. Embassy Bancorp, Inc., with over $1.7 billion in assets, is the parent company of Embassy Bank for the Lehigh Valley, a full-service community bank with ten branch locations serving Pennsylvania's Lehigh Valley. According to the FDIC's Summary of Deposits as of June 30, 2024, Embassy Bank ranks fourth in total deposit market share across Lehigh and Northampton Counties combined—further reinforcing the bank's position as a leading financial institution in the region. For the 10th consecutive year, The Morning Call has honored Embassy Bank as the Reader's Choice 'Best Bank'. Embassy was also named 'Best Bank' and 'Best Mortgage Company' in Lehigh Valley Style Magazine's Who's Who in Business. In addition, Bauer Financial awarded the bank a prestigious 5-star rating, reflecting continued strength and stability. For more information, visit 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, President and CEO(610) 882-8800
Globe and Mail
25-06-2025
- Business
- Globe and Mail
Embassy Bank Appoints Adrienne Kwiatek-Holub to Vice President of Business Banking
BETHLEHEM, Pa., June 25, 2025 (GLOBE NEWSWIRE) -- Embassy Bank is proud to announce the appointment of Adrienne Kwiatek-Holub to Vice President of Business Banking. A seasoned professional with over 30 years of experience in commercial banking, Adrienne brings a wealth of knowledge, leadership, and a deep commitment to the Lehigh Valley community. A native of Lehigh Valley, Adrienne earned her bachelor's degree from Franklin & Marshall College, and her MBA from Lehigh University. Throughout her career, she has been a passionate advocate for local businesses and a dedicated community leader. Adrienne is a former President of Commercial Real Estate Women (CREW) Lehigh Valley and currently serves on the Legacy and Inclusion Committees. She is actively involved in several nonprofit boards and is known for her enthusiastic support of youth programs as a proud 'Band Parent' and 'Scout Mom.' Her professional and community contributions have earned her numerous accolades, including the SUITS Award from Equi-librium Inc., and recognition as a 2024 Women of Influence by Lehigh Valley Business. She has written articles that have been featured in Network Magazine and Lehigh Valley Business. 'We are thrilled to welcome Adrienne to the Embassy Bank team,' said David M. Lobach, Jr., Chairman, President and CEO, Embassy Bank. 'Her experience, leadership, and deep roots in the Lehigh Valley make her an outstanding addition to our business banking group.' About Embassy Bank Embassy Bank For the Lehigh Valley is a full-service community bank operating ten branch offices in the Lehigh Valley area of Pennsylvania. The Bank is the largest Lehigh Valley headquartered community bank and, as of June 30, 2024, the Federal Deposit Insurance Corporation's Summary of Deposits indicates that the Bank holds the 4 th spot in deposit market share in Lehigh and Northampton Counties combined. For more information, visit
Yahoo
25-06-2025
- Business
- Yahoo
Embassy Bank Appoints Adrienne Kwiatek-Holub to Vice President of Business Banking
BETHLEHEM, Pa., June 25, 2025 (GLOBE NEWSWIRE) -- Embassy Bank is proud to announce the appointment of Adrienne Kwiatek-Holub to Vice President of Business Banking. A seasoned professional with over 30 years of experience in commercial banking, Adrienne brings a wealth of knowledge, leadership, and a deep commitment to the Lehigh Valley community. A native of Lehigh Valley, Adrienne earned her bachelor's degree from Franklin & Marshall College, and her MBA from Lehigh University. Throughout her career, she has been a passionate advocate for local businesses and a dedicated community leader. Adrienne is a former President of Commercial Real Estate Women (CREW) Lehigh Valley and currently serves on the Legacy and Inclusion Committees. She is actively involved in several nonprofit boards and is known for her enthusiastic support of youth programs as a proud 'Band Parent' and 'Scout Mom.' Her professional and community contributions have earned her numerous accolades, including the SUITS Award from Equi-librium Inc., and recognition as a 2024 Women of Influence by Lehigh Valley Business. She has written articles that have been featured in Network Magazine and Lehigh Valley Business. 'We are thrilled to welcome Adrienne to the Embassy Bank team,' said David M. Lobach, Jr., Chairman, President and CEO, Embassy Bank. 'Her experience, leadership, and deep roots in the Lehigh Valley make her an outstanding addition to our business banking group.' About Embassy Bank Embassy Bank For the Lehigh Valley is a full-service community bank operating ten branch offices in the Lehigh Valley area of Pennsylvania. The Bank is the largest Lehigh Valley headquartered community bank and, as of June 30, 2024, the Federal Deposit Insurance Corporation's Summary of Deposits indicates that the Bank holds the 4th spot in deposit market share in Lehigh and Northampton Counties combined. For more information, visit Contact:David M. Lobach, President and CEO(610) 882-8800 A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three Months Ended March 31, 2025
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 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, or 5.6% 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 from 2.28% for the quarter ended December 31, 2024 and up from 2.20% for the prior year quarter ended March 31, 2024 Bank cost of funds of 1.80% for the quarter ended March 31, 2025, down from 1.91% 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 of 2.11% 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 of 0.46%. 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 $1.7 billion in assets, Embassy Bancorp, Inc. is the parent company of Embassy Bank for the Lehigh Valley, a full-service community bank operating ten branch locations throughout Pennsylvania's Lehigh Valley. 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 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, President and CEO(610) 882-8800Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
