Every 10-Q that AmeriServ Financial Inc (ASRV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ASRV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASRV filings page.
AmeriServ Financial, Inc. reported solid results for the six months ended June 30, 2026. Net income was $4.5 million, up from $1.6 million a year earlier, with second-quarter net income of $2.7 million versus a small loss in 2025. Net interest income rose to $22.2 million from $20.3 million as funding costs eased and securities income increased. The credit profile improved: loans recorded a small net recovery provision, non-performing assets from the loan portfolio declined to $7.9 million, and net charge-offs fell to 0.05% of average loans.
Total assets were $1.46 billion and deposits $1.26 billion at June 30, 2026. The allowance for credit losses on loans was $12.9 million, covering 167% of non-performing loans and 1.27% of total loans. Shareholders’ equity increased to $123.1 million, supported by earnings and modest common stock issuance, partially offset by cash dividends of $0.06 per share and small other comprehensive losses.
AmeriServ Financial, Inc. reported steady first-quarter 2026 results with modest balance sheet growth. Total assets reached $1.47 billion, and loans were $1.03 billion, while deposits rose to $1.27 billion.
For the three months ended March 31, 2026, net interest income increased to $10.8 million from $9.9 million, supported by lower funding costs, but net income edged down to $1.8 million versus $1.9 million a year earlier. Diluted earnings per share were $0.11, compared with $0.12 in 2025, as a higher credit loss provision and lower non-interest income offset the stronger core spread revenue.
Asset quality remained controlled. The allowance for credit losses on loans stood at $13.2 million, or 1.28% of total loans, covering 165% of non-performing loans. Non-performing assets from the loan portfolio were $8.2 million, equal to 0.80% of total loans. Investment securities totaled about $274 million across available-for-sale and held-to-maturity portfolios, with interest-rate driven unrealized losses but limited credit reserves, including a specific $34,000 allowance on one impaired corporate bond.
AmeriServ Financial (ASRV) reported stronger Q3 results. Net income rose to $2.544 million (EPS $0.15) from $1.183 million (EPS $0.07) a year ago as net interest income improved to $11.007 million from $8.887 million. For the nine months, net income was $4.170 million (EPS $0.25) versus $2.712 million (EPS $0.16).
Total assets were $1.461 billion, up from $1.422 billion at year-end, with deposits increasing to $1.259 billion from $1.201 billion. Cash and cash equivalents climbed to $53.764 million from $17.746 million, while net loans edged down to $1.041 billion from $1.054 billion and the allowance for credit losses increased to $14.408 million from $13.912 million.
Non-interest income was $4.401 million versus $4.203 million; wealth management fees softened, but bank owned life insurance income increased. The company charged off a non-performing available-for-sale security of $1.0 million against a previously established allowance, resulting in no AFS allowance at quarter end and reducing accumulated other comprehensive loss to $10.440 million from $15.083 million. A quarterly cash dividend of $0.03 per share was declared.
AmeriServ Financial, Inc. reported a mixed quarter driven by stronger core yields but materially higher credit costs. Total assets were $1,448,733 (in thousands), cash and cash equivalents rose to $25,033, and deposits increased to $1,244,533, supporting liquidity. Net interest income improved to $10,394 for the quarter from $8,875 a year earlier, lifting six‑month net income to $1,626 (in thousands) versus $1,529 a year ago, while the quarter ended with a net loss of $282 (in thousands).
The company recorded a sharply higher provision for credit losses of $3,133 for the quarter (six months $3,036), driven primarily by a $2.8 million charge-down on a large mixed‑use CRE problem loan and higher net loan charge-offs of $3.0 million year‑to‑date. Allowance for credit losses on loans was $14,060, covering 93% of nonperforming loans and representing 1.32% of total loans at June 30, 2025. Investment portfolio reserves increased as the AFS allowance rose to $1,000 and one AFS security remained in non‑accrual.
In short, the bank shows deposit and NII strength and continued capital/support for a dividend, but credit deterioration and elevated provisions materially pressured quarterly earnings.