Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 26

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 26
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 The Company continues to monitor the interest rate exposure of its interest-bearing assets and liabilities. See the expanded discussion under the Financial Condition: Loans section below. Net income for the three months ended June 30, 2025 was $3.4 million compared to net income for the three months ended June 30, 2024 of $2.5 million, an increase of $945 thousand, or 37.9%. Basic and diluted earnings per share increased to $0.45 for the three months ended June 30, 2025, as compared to $0.33 for the three months ended June 30, 2024. The difference in net income for the three months ended June 30, 2025 and June 30, 2024 resulted primarily from an increase in interest income of $1.6 million and an increase of $232 thousand in non-interest income, offset by an increase in interest expense of $76 thousand, an increase of $528 thousand in non-interest expenses, and a decrease of $105 thousand in the credit for credit losses. Net income for the six months ended June 30, 2025 was $6.3 million compared to net income for the six months ended June 30, 2024 of $5.0 million, an increase of $1.3 million, or 25.8%. Basic and diluted earnings per share increased to $0.83 for the six months ended June 30, 2025, as compared to $0.66 for the six months ended June 30, 2024. The difference in net income for the six months ended June 30, 2025 and June 30, 2024 resulted primarily from an increase in interest income of $3.4 million and an increase of $128 thousand in non-interest income, offset by an increase in interest expense of $808 thousand, an increase of $929 thousand in non-interest expenses, and a decrease of $224 thousand in the credit for credit losses.  RESULTS OF OPERATIONS Net Interest Income The Company determines interest rate spread and margin on both a US GAAP and tax equivalent basis. The use of tax equivalent basis in determining interest rate spread and margin is considered a non-US GAAP measure. The Company believes the use of this measure provides meaningful information to the reader of the consolidated financial statements when comparing taxable and nontaxable assets. However, it is supplemental to US GAAP which is used to prepare the Company’s consolidated financial statements and should not be