Company: EMYB
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001449794-25-000035
Chunk: 27

Company: Embassy Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 the Company is committed to maintaining a high-quality portfolio that returns a reasonable market rate. While the past and current economic and competitive conditions in the marketplace have created more competition for loans to creditworthy customers, the Company continues to expand its market presence and pipeline, and continues to focus on developing a reputation as being a market leader in both commercial and consumer/mortgage lending. Management believes that this combination of relationship building, cross marketing and responsible underwriting will translate into continued long-term growth of a portfolio of quality loans and core deposit relationships. 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 September 30, 2025 was $3.8 million compared to net income for the three months ended September 30, 2024 of $2.7 million, an increase of $1.1 million, or 39.8%. Basic and diluted earnings per share increased to $0.50 for the three months ended September 30, 2025, as compared to $0.36 for the three months ended September 30, 2024. The difference in net income for the three months ended September 30, 2025 and September 30, 2024 resulted primarily from an increase in interest income of $1.3 million, a decrease in interest expense of $348 thousand, an increase of $34 thousand in non-interest income, offset by an increase of $299 thousand in non-interest expenses and an increase of $57 thousand in the provision for credit losses. Net income for the nine months ended September 30, 2025 was $10.1 million compared to net income for the nine months ended September 30, 2024 of $7.7 million, an increase of $2.4 million, or 30.7%. Basic and diluted earnings per share increased to $1.32 for the nine months ended September 30, 2025, as compared to $1.02 for the nine months ended September 30, 2024. The difference in net income for the nine months ended September 30, 2025 and September 30, 2024 resulted primarily from an increase in interest income of $4.8 million and an increase of $162 thousand in non-interest income, offset by an increase in interest expense of $460 thousand, an increase of $1.2 million in non-interest expenses, and a decrease of $281