Embassy Bancorp Reports 2024 Financial Results, Net Income Declines

Embassy Bancorp, Inc. has filed its 2024 10-K report, revealing a total asset increase to $1.70 billion and a rise in deposits to $1.55 billion. However, net income decreased to $10.4 million from $12.7 million due to rising interest and non-interest expenses. The bank's net interest margin improved to 2.28%, and it maintained a low level of nonperforming assets at 0.14%. Meanwhile, Plumas Bancorp's report shows an increase in total assets to $1.6 billion, driven by net loan growth, despite a decline in net income to $8.8 million. FS Bancorp also reported a slight decrease in net income to $35 million, impacted by increased expenses and provisions for credit losses. Overall, these reports highlight growth in assets and deposits across various banks, while facing challenges from rising costs and competitive pressures.