Embassy Bancorp Inc (PK:EMYB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 100, 100 GATEWAY DRIVE BETHLEHEM PA 18017 |
| Tel: | N/A |
| Website: | https://www.embassybank.com |
| IR: | See website |
| Key People | ||
| David M. Lobach Chairman of the Board, President, Chief Executive Officer of the Company and the Bank | Judith A. Hunsicker Chief Financial Officer, Chief Operating Officer, First Executive Officer, Secretary | Lynne M. Neel Executive Vice President | Diane M. Cunningham Executive Vice President of the Company and the Bank |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Embassy Bancorp Inc interest income increased 13% to $57.2M. Net interest income after loan loss provision decreased 14% to $39.2M. Net income decreased 29% to $12.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 16% to 2.5%, Net Interest Spread, Total - % decrease of 27% to 2.1%, Paycheck Protection Program loans, inclu decrease of 99% to $1K. |
| Employees: | 110 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $136.45M as of Dec 31, 2023 |
| Annual revenue (TTM): | $57.16M as of Dec 31, 2023 |
| EBITDA (TTM): | $16.58M as of Dec 31, 2023 |
| Net annual income (TTM): | $12.66M as of Dec 31, 2023 |
| Free cash flow (TTM): | $18.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $34.10M as of Dec 31, 2023 |
| Shares outstanding: | 7,615,079 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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