Embassy Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 08:02 pm
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Embassy Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 9.757 million compared to USD 8.428 million a year ago. Net income was USD 3.424 million compared to USD 2.829 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.38 a year ago. For the nine months, net interest income was USD 27.792 million compared to USD 24.982 million a year ago. Net income was USD 9.198 million compared to USD 7.995 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to USD 1.06 a year ago.
Embassy Bancorp, Inc. is a bank holding company. The Company's operating subsidiary is Embassy Bank for The Lehigh Valley (the Bank). The Company acts as an independent community financial services provider and offers banking and related financial services to individual, business, and government customers. The Company offers an array of commercial and retail financial services, including the taking of time, savings, and demand deposits; the making of commercial, consumer, residential mortgage, and home equity loans; and the providing of other financial services. The Company offers its retail customer base a product line of consumer loan services, including mortgage loans, first time home buyer mortgages, secured home equity loans, lines of credit, auto loans, and, to a much lesser extent, unsecured personal loans. It offers a range of specialty home equity and mortgage products. Its other services include mobile banking, commercial credit cards, safe deposit boxes, among others.
EMBASSY BANCORP, INC. 
