ASRV
AmeriServ Financial, Inc.3.1000
-0.0600-1.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
51.22MP/E (TTM)
10.33Basic EPS (TTM)
0.30Dividend Yield
0.04%Recent Filings
10-Q
8-K
Earnings surge 115% in Q3
AmeriServ Financial reported Q3 2025 net income of $2.5 million, up 115% from $1.2 million in Q3 2024, driven by net interest income surging 23.9% to $11.0 million on a 56-basis-point margin expansion to 3.27%. Year-to-date earnings hit $4.2 million, a 56.3% rise, fueled by deposit growth and expense cuts, though offset by a $3.4 million credit loss provision from a major charge-off. The board declared a $0.03 per share dividend, payable November 17. Earnings rebounded sharply.
8-K
New union contract ratified
AmeriServ Financial announced a new four-year labor contract with United Steelworkers Local 2635-06, ratified on October 12, 2025, and effective through October 16, 2029. It features 4% annual wage increases for the first three years and 3% in the fourth, while preserving health care and retirement benefits. This deal bolsters the bank's union partnership for business growth. Yet risks like inflation and interest rates could impact results.
10-Q
Q2 FY2025 results
AmeriServ Financial posted a Q2 net loss of $0.3M, or $0.02 per share, better than last year's $0.4M loss yet pressured by a $3.1M credit loss provision from resolving a major CRE loan issue. Net interest income climbed 17% to $10.4M with a 3.10% margin, up 36 basis points year-over-year, fueled by 4% loan growth to $1.07B and deposit gains easing funding costs. Non-interest income dipped 6% to $4.1M on softer wealth fees, but expenses fell 12% to $11.7M after settling prior litigation. Cash hit $25M with $1.24B deposits; borrowings dropped 27%. Solid capital at 12.1% total ratio. CRE concentration risks loom large.
8-K
Shareholders elect directors, approve pay
AmeriServ Financial's shareholders at the July 29, 2025 annual meeting elected Amy Bradley, Kim W. Kunkle, and Jeffrey A. Stopko as Class III directors for terms ending in 2028, with Bradley and Stopko securing strong majorities while Kunkle faced notable opposition. The advisory vote approved executive compensation, favored annual say-on-pay frequency, and ratified S.R. Snodgrass P.C. as auditors for 2025. The board will hold annual advisory votes. Shareholder divisions highlight governance scrutiny.
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