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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., 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)
10-Q - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
8-K - AMERISERV FINANCIAL INC /PA/ (0000707605) (Filer)
SC 13G/A - AMERISERV FINANCIAL INC /PA/ (0000707605) (Subject)
SC 13D - AMERISERV FINANCIAL INC /PA/ (0000707605) (Subject)
SC 13G/A - AMERISERV FINANCIAL INC /PA/ (0000707605) (Subject)
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