Embassy Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 02:21 pm
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Embassy Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 8.428 million compared to USD 8.279 million a year ago. Net income was USD 2.829 million compared to USD 2.680 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.35 a year ago. For the nine months, net interest income was USD 24.982 million compared to USD 24.192 million a year ago. Net income was USD 7.995 million compared to USD 7.567 million a year ago. Basic earnings per share from continuing operations was USD 1.07 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 1 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. 
