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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Embassy Bancorp's intangible assets for the quarter that ended in Mar. 2024 was $0.00 Mil.
The historical data trend for Embassy Bancorp's Intangible Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Embassy Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Embassy Bancorp Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Embassy Bancorp (OTCPK:EMYB) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Embassy Bancorp's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Lobach David M Jr | director, officer: SEVP, CEO, President | 100 GATEWAY DRIVE, SUITE 100, BETHLEHEM PA 18017 |
John G Englesson | director | 5341 ABERDENE STREET, CENTER VALLEY PA 18034 |
Bernard M Lesavoy | director | ONE WINDSOR PLAZA, SUITE 200, 7535 WINDSOR DR., ALLENTOWN PA 18195-1014 |
Lynne Marie Neel | other: Executive Vice President | 3100 HECKTOWN RD, EASTON PA 18045 |
Diane Maria Cunningham | officer: Executive Vice President | 3311 LORD BYRON DR, BETHLEHEM PA 18017 |
Michael B Macy | officer: SVP, CLO Business Banking | ONE GATEWAY DRIVE, SUITE 100, BETHLEHEM PA 18017 |
Frank Iii Banko | director | 100 GATEWAY DRIVE, SUITE 100, BETHLEHEM PA 18017 |
Geoffrey F Boyer | director | 1259 S CEDAR CREST BLVD., SUITE 336, ALLENTOWN PA 18103 |
Judith A Hunsicker | officer: FEO, COO, CFO | 100 GATEWAY DRIVE, SUITE 100, BETHLEHEM PA 18017 |
Patti Gates Smith | director | 8448 REDHAVEN STREET, FOGELSVILLE PA 18051 |
Brew John P Jr | director | 817 W. BROAD ST., BETHLEHEM PA 18018 |
Elmer D Gates | director | 840 YORKSHIRE RD., BETHLEHEM PA 18017 |
John T Yurconic | director | 5910 HAMILTON BLVD, ALLENTOWN PA 18106 |
Robert P Daday | director | 2 N 9TH ST, ALLENTOWN PA 18101-1179 |
John C Pittman | director | 1001 NOR-BATH BLVD, NORTHAMPTON PA 18067 |
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