AMERISERV FINANCIAL INC /PA/ SEC 10-Q Report

AmeriServ Financial Inc., a Pennsylvania-based full-service bank, has released its latest Form 10-Q report, showcasing significant improvements in its financial performance. The report highlights the company's robust growth in interest income, net income, and earnings per share, alongside a stable operational outlook.

Financial Highlights

Total Interest Income: AmeriServ Financial Inc. reported a total interest income of $53.194 million, marking an increase from $49.442 million in the same period last year. This growth was primarily driven by higher interest and fees on loans.

Net Interest Income: The company's net interest income rose to $31.332 million, up from $26.509 million, indicating improved interest income after accounting for interest expenses.

Net Income: AmeriServ Financial Inc. achieved a net income of $4.170 million, compared to $2.712 million in the prior year, reflecting a significant increase in profitability.

Net Income Per Share (Basic): The net income per share (basic) increased to $0.25, up from $0.16, showcasing the company's enhanced earnings performance.

Net Income Per Share (Diluted): Similarly, the net income per share (diluted) also rose to $0.25, up from $0.16, indicating no significant dilution effect.

Business Highlights

Revenue Segments: The company reported non-interest income within the scope of Topic 606, which includes wealth management fees, service charges on deposit accounts, and other non-interest income. Wealth management fees are primarily derived from the management and administration of trusts and customer investment portfolios, billed monthly or quarterly based on the month-end market value of assets under management.

Geographical Performance: AmeriServ Financial Inc. operates through AmeriServ Financial Bank, a Pennsylvania state-chartered full-service bank with 15 locations in Pennsylvania and 1 location in Maryland. The bank offers a complete range of trust and financial services through its AmeriServ Wealth and Capital Management Division.

Future Outlook: Management anticipates a continued focus on maintaining investment quality and managing interest rate risk exposure. The company is also focused on maintaining proper levels of liquidity, interest rate risk, market valuation sensitivity, and profitability, with a weighted average duration of the total investment securities portfolio at 44.6 months, which remains within the internally established guideline.

SEC Filing: AMERISERV FINANCIAL INC /PA/ [ ASRV ] - 10-Q - Nov. 13, 2025