AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, and money orders. The company also provides lending, depository, and related financial services, such as commercial real estate mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services to commercial, industrial, financial, and governmental customers. In addition, the company offers personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services comprising 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it engages in underwriting as reinsurer of credit life and disability insurance. The company operates through a network of 16 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland counties, Pennsylvania, and Washington County, Maryland; and operates 17 automated bank teller machines. AmeriServ Financial, Inc. is headquartered in Johnstown, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: ameriserv.com
JOHNSTOWN, Pa., May 10, 2022 /PRNewswire/ -- The Board of Directors of AmeriServ Financial, Inc. (NASDAQ:ASRV) today announced the appointment of Amy Bradley, president and chief executive officer of the Cambria Regional Chamber of Commerce, as an independent director of the company and a new member of the investment/asset liability committee. Ms. Bradley's appointment maintains the Board's membership at nine directors. "We are pleased to welcome Amy as a new independent director to the AmeriServ board. She is an accomplished community leader, has a deep understanding of our community vision and shares our commitment to fostering the economic development and revitalization of the communiti
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
4 - AMERISERV FINANCIAL INC /PA/ (0000707605) (Issuer)
10-Q - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
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10-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
10-Q - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
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8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
JOHNSTOWN, Pa., April 22, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported first quarter 2025 net income of $1,908,000, or $0.12 per diluted common share. This compares to net income for the first quarter of 2024 of $1,904,000, or $0.11 per diluted common share. The following table details the Company's financial performance for the quarters ended March 31, 2025 and 2024: FirstQuarter 2025 FirstQuarter 2024 $ Change % Change Net income $ 1,908,000 $ 1,904,000 $ 4,000 0.2 % Diluted earnings per share $ 0.12 $ 0.11 $ 0.01 9.1 % Jeffrey A. Stopko, President and Chief Executive Officer, commented on the first quarter 2025 financial results: "AmeriServ Financial achieved
AmeriServ and SB Value Have Also Agreed to Extend Cooperation Agreement Through 2029 AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced it has signed a new advisory agreement (the "Advisory Agreement") with significant shareholder SB Value Partners L.P. ("SBV") to help grow and optimize its $2.4 billion assets under management in its trust and wealth management business. Also, both AmeriServ and SBV have mutually agreed to extend their Cooperation Agreement (the "Cooperation Agreement"), originally signed on April 18, 2024, through 2029. SBV currently owns approximately 8.2% of the Company's outstanding common stock (the "Common Stock"). "Over the past
JOHNSTOWN, Pa., Jan. 21, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported fourth quarter 2024 net income of $889,000, or $0.05 per diluted common share. This compares to a net loss for the fourth quarter of 2023 of $5,321,000, or $0.31 per diluted common share. For the year ended December 31, 2024, the Company reported net income of $3,601,000, or $0.21 per diluted common share. This compares to a net loss of $3,346,000, or $0.20 per diluted common share, for the full year of 2023. The following table details the Company's financial performance for both the three- and twelve-month periods ended December 31, 2024 and 2023: FourthQuarter 2024 FourthQuarter 2023 Year Ended
JOHNSTOWN, Pa., Nov. 5, 2024 /PRNewswire/ -- (NASDAQ:ASRV) – AmeriServ Financial, Inc. today announced the completion of the merger of its subsidiary, AmeriServ Trust and Financial Services Company, with and into its subsidiary bank, AmeriServ Financial Bank. The merger was effective October 1, 2024, and the former trust company will now function as a division of the bank under the name AmeriServ Wealth & Capital Management. Jeff Stopko, president and CEO of AmeriServ Financial, Inc., said, "This merger not only enables the company to realize greater operational efficiencies, but it also makes it possible for our trust customers to have greater and more immediate access to the full compleme
JOHNSTOWN, Pa., Oct. 22, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported third quarter 2024 net income of $1,183,000, or $0.07 per diluted common share. This earnings performance represented a $536,000, or 82.8%, increase from the third quarter of 2023 when net income totaled $647,000, or $0.04 per diluted common share. For the nine-month period ended September 30, 2024, the Company reported net income of $2,712,000, or $0.16 per diluted common share. This represented a 33.3% increase in earnings per share from the nine-month period of 2023 when net income totaled $1,975,000, or $0.12 per diluted common share. The following table details the Company's financial performa
JOHNSTOWN, Pa., July 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable August 19, 2024 to shareholders of record on August 5, 2024. This cash dividend represents a 4.65% annualized yield using the July 17, 2024 closing common stock price of $2.58. For the first six months of 2024, the Company's dividend payout ratio amounted to 66.7%. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company's subsidiaries provide full-service banking and wealth management
JOHNSTOWN, Pa., July 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported a second quarter 2024 net loss of $375,000, or $0.02 per diluted common share. This earnings performance represented a $188,000 decrease from the second quarter of 2023 when the net loss totaled $187,000, or $0.01 per diluted common share. For the six-month period ended June 30, 2024, the Company reported net income of $1,529,000, or $0.09 per diluted common share. This represented a 15.1% increase in earnings from the six-month period of 2023 when net income totaled $1,328,000, or $0.08 per diluted common share. The following table details the Company's financial performance for the three- and six
Driver Will Withdraw Director Nominations and Dismiss All Litigation Against AmeriServ AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that it has reached a cooperation and settlement agreement (the "Cooperation Agreement") with Driver Opportunity Partners I LP (collectively with its affiliates, "Driver"). Pursuant to the Cooperation Agreement, Driver has agreed to withdraw its notice of nomination of director candidates for election to the Company's Board of Directors (the "Board"), along with other shareholder proposals, at the 2024 Annual Meeting of Shareholders and to voluntarily dismiss all outstanding litigation against AmeriServ. Further, Dr
AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that it has reached a cooperation agreement ("Cooperation Agreement") with SB Value Partners, L.P. ("SBV"), which owns approximately 7.7% of the Company's outstanding common stock, par value $0.01 per share (the "Common Stock"). Under the Cooperation Agreement the Company, including members of AmeriServ's senior management and other designated members of the Company's Board of Directors (the "Board"), and SBV will regularly consult regarding the Company's financial performance metrics, business development and other similar matters. In addition, the Company and SBV will actively engage in substantive co
JOHNSTOWN, Pa., April 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable May 20, 2024 to shareholders of record on May 6, 2024. This cash dividend represents a 4.67% annualized yield using the April 17, 2024 closing common stock price of $2.57. For the first quarter of 2024, the Company's dividend payout ratio amounted to 27.3%. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company's subsidiaries provide full-service banking and wealth management services th
JOHNSTOWN, Pa., April 22, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported first quarter 2025 net income of $1,908,000, or $0.12 per diluted common share. This compares to net income for the first quarter of 2024 of $1,904,000, or $0.11 per diluted common share. The following table details the Company's financial performance for the quarters ended March 31, 2025 and 2024: FirstQuarter 2025 FirstQuarter 2024 $ Change % Change Net income $ 1,908,000 $ 1,904,000 $ 4,000 0.2 % Diluted earnings per share $ 0.12 $ 0.11 $ 0.01 9.1 % Jeffrey A. Stopko, President and Chief Executive Officer, commented on the first quarter 2025 financial results: "AmeriServ Financial achieved
AmeriServ and SB Value Have Also Agreed to Extend Cooperation Agreement Through 2029 AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced it has signed a new advisory agreement (the "Advisory Agreement") with significant shareholder SB Value Partners L.P. ("SBV") to help grow and optimize its $2.4 billion assets under management in its trust and wealth management business. Also, both AmeriServ and SBV have mutually agreed to extend their Cooperation Agreement (the "Cooperation Agreement"), originally signed on April 18, 2024, through 2029. SBV currently owns approximately 8.2% of the Company's outstanding common stock (the "Common Stock"). "Over the past
JOHNSTOWN, Pa., Jan. 21, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported fourth quarter 2024 net income of $889,000, or $0.05 per diluted common share. This compares to a net loss for the fourth quarter of 2023 of $5,321,000, or $0.31 per diluted common share. For the year ended December 31, 2024, the Company reported net income of $3,601,000, or $0.21 per diluted common share. This compares to a net loss of $3,346,000, or $0.20 per diluted common share, for the full year of 2023. The following table details the Company's financial performance for both the three- and twelve-month periods ended December 31, 2024 and 2023: FourthQuarter 2024 FourthQuarter 2023 Year Ended
JOHNSTOWN, Pa., Oct. 22, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported third quarter 2024 net income of $1,183,000, or $0.07 per diluted common share. This earnings performance represented a $536,000, or 82.8%, increase from the third quarter of 2023 when net income totaled $647,000, or $0.04 per diluted common share. For the nine-month period ended September 30, 2024, the Company reported net income of $2,712,000, or $0.16 per diluted common share. This represented a 33.3% increase in earnings per share from the nine-month period of 2023 when net income totaled $1,975,000, or $0.12 per diluted common share. The following table details the Company's financial performa
JOHNSTOWN, Pa., July 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable August 19, 2024 to shareholders of record on August 5, 2024. This cash dividend represents a 4.65% annualized yield using the July 17, 2024 closing common stock price of $2.58. For the first six months of 2024, the Company's dividend payout ratio amounted to 66.7%. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company's subsidiaries provide full-service banking and wealth management
JOHNSTOWN, Pa., July 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported a second quarter 2024 net loss of $375,000, or $0.02 per diluted common share. This earnings performance represented a $188,000 decrease from the second quarter of 2023 when the net loss totaled $187,000, or $0.01 per diluted common share. For the six-month period ended June 30, 2024, the Company reported net income of $1,529,000, or $0.09 per diluted common share. This represented a 15.1% increase in earnings from the six-month period of 2023 when net income totaled $1,328,000, or $0.08 per diluted common share. The following table details the Company's financial performance for the three- and six
Driver Will Withdraw Director Nominations and Dismiss All Litigation Against AmeriServ AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that it has reached a cooperation and settlement agreement (the "Cooperation Agreement") with Driver Opportunity Partners I LP (collectively with its affiliates, "Driver"). Pursuant to the Cooperation Agreement, Driver has agreed to withdraw its notice of nomination of director candidates for election to the Company's Board of Directors (the "Board"), along with other shareholder proposals, at the 2024 Annual Meeting of Shareholders and to voluntarily dismiss all outstanding litigation against AmeriServ. Further, Dr
AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that it has reached a cooperation agreement ("Cooperation Agreement") with SB Value Partners, L.P. ("SBV"), which owns approximately 7.7% of the Company's outstanding common stock, par value $0.01 per share (the "Common Stock"). Under the Cooperation Agreement the Company, including members of AmeriServ's senior management and other designated members of the Company's Board of Directors (the "Board"), and SBV will regularly consult regarding the Company's financial performance metrics, business development and other similar matters. In addition, the Company and SBV will actively engage in substantive co
JOHNSTOWN, Pa., April 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable May 20, 2024 to shareholders of record on May 6, 2024. This cash dividend represents a 4.67% annualized yield using the April 17, 2024 closing common stock price of $2.57. For the first quarter of 2024, the Company's dividend payout ratio amounted to 27.3%. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company's subsidiaries provide full-service banking and wealth management services th
Net Income Up 25.7% Compared to First Quarter of 2023 JOHNSTOWN, Pa., April 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) today reported first quarter 2024 net income of $1,904,000, or $0.11 per diluted common share. This earnings performance represented a $389,000, or 25.7%, increase over the first quarter of 2023 when net income totaled $1,515,000, or $0.09 per diluted common share. The following table details the Company's financial performance for the quarters ended March 31, 2024 and 2023: FirstQuarter 2024 FirstQuarter 2023 $ Change % Change Net income $ 1,904,000 $ 1,515,000 $ 389,000 25.7 % Diluted earnings per share $ 0.11 $ 0.09 $ 0.02 22.2 % Jeffrey A. Stopko,
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