Ameriserv Financial | 10-Q: FY2025 Q3 Revenue: USD 22.88 M

Revenue: As of FY2025 Q3, the actual value is USD 22.88 M.

EPS: As of FY2025 Q3, the actual value is USD 0.15.

EBIT: As of FY2025 Q3, the actual value is USD -7.923 M.

Segment Revenue

• Net Interest Income: $11,007 thousand for Q3 2025, up from $8,887 thousand in Q3 2024, a 23.9% increase.
• Non-Interest Income: $4,401 thousand for Q3 2025, up from $4,203 thousand in Q3 2024, a 4.7% increase.

Operational Metrics

• Net Income: $2,544 thousand for Q3 2025, up from $1,183 thousand in Q3 2024, a 115.0% increase.
• Operating Costs: Non-interest expense for Q3 2025 was $11,964 thousand, up from $11,721 thousand in Q3 2024, a 2.1% increase.

Cash Flow

• Operating Cash Flow: $1,941 thousand for the nine months ended September 30, 2025, compared to - $685 thousand for the same period in 2024.

Unique Metrics

• Loan Interest Income: $15,699 thousand for Q3 2025, up from $14,308 thousand in Q3 2024, a 9.7% increase.
• Investment Securities Income: $2,607 thousand for Q3 2025, up from $2,352 thousand in Q3 2024, a 10.8% increase.
• Trading Securities Revenue: $55 thousand for Q3 2025, with no comparable figure for Q3 2024.

Future Outlook and Strategy

Core Business Focus

• Net Interest Margin: The net interest margin for Q3 2025 was 3.27%, up from 2.71% in Q3 2024, indicating improved profitability from interest-earning assets.
• Loan Growth: Total average loans in Q3 2025 were higher by $33.4 million, or 3.2%, compared to Q3 2024, reflecting consistent new loan funding opportunities.
• Deposit Growth: Total average deposits in Q3 2025 were $1.238 billion, up by $72.8 million, or 6.3%, from Q3 2024, indicating successful business development efforts.

Non-Core Business

• Trading Account: The Company established a $5 million trading account in 2025, generating $55 thousand in revenue for Q3 2025.
• Bank Owned Life Insurance (BOLI): Revenue from BOLI increased by $289 thousand, or 118.4%, in Q3 2025 due to receiving two death claims.

Priority

• Expense Management: Non-interest expense increased modestly by 2.1% in Q3 2025 compared to Q3 2024, indicating controlled cost management.
• Provision for Credit Losses: The Company recorded a $360 thousand provision for credit losses in Q3 2025, compared to a recovery of $51 thousand in Q3 2024, reflecting increased specific reserves for certain loan relationships.