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ASRV

AmeriServ Financial, Inc.

ASRV

AmeriServ Financial, Inc. • NASDAQ
$3.11 ▲ 0.65% (+0.02)
Market Cap $51.37 M
52w High $3.42
52w Low $2.03
Dividend Yield 0.12%
P/E 10.37
Volume 1.07K
Outstanding Shares 16.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▲ 0% ▲ $0.15 ▲ $0 ▼
Q2-2025 $21.785M ▲ $11.709M ▼ $-282K ▼ -1.294% ▼ $-0.017 ▼ $182K ▼
Q1-2025 $21.143M ▼ $11.763M ▼ $1.908M ▲ 9.024% ▲ $0.12 ▲ $2.916M ▲
Q4-2024 $21.516M ▲ $11.858M ▲ $889K ▼ 4.132% ▼ $0.054 ▼ $1.634M ▼
Q3-2024 $20.911M $11.721M $1.183M 5.657% $0.072 $1.909M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $70.809M ▼ $1.449B ▲ $1.338B ▲ $110.921M ▲
Q1-2025 $187.825M ▲ $1.432B ▲ $1.321B ▲ $110.759M ▲
Q4-2024 $173.366M ▼ $1.422B ▲ $1.315B ▲ $107.248M ▼
Q3-2024 $186.707M ▲ $1.405B ▲ $1.297B ▼ $108.182M ▲
Q2-2024 $182.362M $1.403B $1.3B $103.661M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-282K ▼ $-62K ▼ $-14.178M ▼ $15.643M ▲ $1.403M ▼ $-203K ▼
Q1-2025 $1.908M ▲ $599K ▼ $-2.438M ▲ $7.723M ▼ $5.884M ▲ $599K ▼
Q4-2024 $889K ▼ $3.372M ▲ $-23.254M ▼ $15.512M ▲ $-4.37M ▼ $3.61M ▲
Q3-2024 $1.183M ▲ $-235K ▼ $4.714M ▲ $-746K ▼ $3.733M ▲ $-1.026M ▼
Q2-2024 $-375K $1.702M $-17.117M $16.353M $938K $1.182M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Asset Management
Asset Management
 $0 ▲$10.00M ▲$0 ▼$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Financial Service Other
Financial Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has crept up slowly over the last five years, which is typical for a small, mature community bank. Profitability, however, has been thin and somewhat volatile. After a couple of reasonably solid years, earnings dipped into a loss in 2023 and then only barely returned to profitability in 2024. Operating profit has recently hovered around break-even, suggesting that higher costs, credit provisions, or margin pressure have absorbed much of the revenue growth. Overall, the story is one of modest growth but limited profit cushion, with results sensitive to swings in expense and credit conditions.

Balance Sheet

Balance Sheet The balance sheet has grown gradually, with assets edging higher each year and shareholder equity generally stable. Debt levels have moved around but do not appear excessive relative to the size of the bank, and recent years show some easing from prior peaks. Cash balances are relatively small, which is normal for a regional bank that leans on loans and securities rather than idle cash. In short, the balance sheet looks steady rather than aggressive, but the modest equity base underscores the importance of maintaining consistent profitability and credit quality.

Cash Flow

Cash Flow Cash generation from core operations has been positive but small, mirroring the tight profit margins. Free cash flow has hovered around break-even, helped by very low capital spending needs. This pattern is typical of a traditional community bank: limited investment outlays but also limited excess cash once dividends, funding costs, and other obligations are covered. The bank appears able to fund its operations internally, yet it lacks a wide cash buffer, making future performance reliant on stable earnings and funding markets.

Competitive Edge

Competitive Edge AmeriServ operates as a classic community bank with deep roots in its local markets and a long history of serving southwestern Pennsylvania and nearby areas. Its standout differentiator is a unique, long-term partnership with organized labor, including the United Steelworkers, which helps anchor a loyal customer base and specialized deposit and lending relationships. Products like the union-focused real estate funds and tailored membership programs further reinforce this niche. On the other hand, its small scale, regional concentration, and only average digital experience leave it exposed to larger banks and fintechs that can spend more on technology and marketing. Its moat is relationship-driven and geographic, not technology- or price-driven.

Innovation and R&D

Innovation and R&D The bank is not a heavy spender on research and development in the technology sense, but it has focused on practical innovation around customer service, digital access, and specialized union products. Its standard online and mobile banking tools are in place and being refined, although user feedback suggests they still lag best-in-class apps in features and polish. The most distinctive innovation is in product design rather than software: the union-focused construction funds and wealth-management offerings tailored to labor clients. Going forward, progress will likely come from steady improvements to the digital experience and further expansion of these niche products, rather than from disruptive tech breakthroughs.

Summary

AmeriServ is a small, community-focused bank with slow but steady revenue growth, very tight profit margins, and an earnings record that includes a recent setback followed by only a modest recovery. Its balance sheet looks conservative and stable, but the limited profit cushion heightens the importance of credit discipline and cost control. Cash generation is adequate for a bank of its size but not abundant. The real strength lies in its long-standing local relationships and its unusual, strategically important partnership with organized labor, supported by specialized union-focused financial products. Its main challenges are scale, regional concentration, and the need to keep upgrading its digital capabilities so that its relationship-driven franchise can compete effectively in a banking market that is steadily becoming more technology-centric.

NEWS

October 21, 2025 · 8:00 AM UTC

AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

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October 16, 2025 · 8:30 AM UTC

AmeriServ Financial Announces New Labor Contract

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