Embassy Bancorp Q2 net income rises 20% to $4.12 million; EPS climbs to $0.56 - EMYB News | RalliesEmbassy Bancorp Q2 net income rises 20% to $4.12 million; EPS climbs to $0.56
E
EMYB• Second-quarter results and margin expansion
- Embassy Bancorp posted Q2 net income of $4.12 million, rising 20% from a year earlier; EPS increased to $0.56.
- Net interest income climbed to $12.1 million; net interest margin widened to 2.74% from 2.5%.
- Provision for credit losses was $384,000, versus a $178,000 credit a year earlier.
- Total assets rose to $1.86 billion at June 30 from $1.8 billion at Dec. 31, with deposits increasing to $1.69 billion.
- Loan balances increased to $1.32 billion; securities available for sale edged up to $347.89 million.
