Embassy Bancorp, Inc. Announces Results of Operations for the Year Ended December 31, 2024

BETHLEHEM, Pa., March 19, 2025 (GLOBE NEWSWIRE) -- On March 17, 2025, Embassy Bancorp, Inc. (OTCQX:EMYB) (the "Company") filed its Annual Report on Form 10-K for the year ended December 31, 2024, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx.

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 $96.5 million at December 31, 2024, or 5.7% of total assets.

Deposits of $1.55 billion at December 31, 2024, an increase of $76.7 million from $1.48 billion at December 31, 2023. 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.

Bank net interest margin (FTE) increased to 2.28% for the quarter ended December 31, 2024, up from 2.21% for the quarter ended September 30, 2024.

Bank cost of funds of ...