ASRV dividend history
AmeriServ Financial Inc. (ASRV) dividend declarations and ex-dividend dates - real-time wire coverage of every payout disclosure.
Recent dividend items
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2026 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., April 21, 2026 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported first quarter 2026 net income of $1,794,000, or $0.11 per diluted common share. This compares to net income for the first quarter of 2025 of $1,908,000, or $0.12 per diluted common share. The following table details the Company's financial performance for the quarters ended March 31, 2026 and 2025:FirstQuarter2026FirstQuarter2025$ Change% ChangeNet income$1,794,000$1,908,000$(114,000)(6.0) %Diluted earnings per share$0.11$0.12$(0.01)(8.3) %Jeffrey A. Stopko, President and Chief Executive Officer, commented on the first quarter 2026 financial results: "AmeriServ Financial achieved positive operatin
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Jan. 20, 2026 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported fourth quarter 2025 net income of $1,442,000, or $0.09 per diluted common share. This earnings performance represented a $553,000, or 62.2%, improvement from the fourth quarter of 2024 when net income totaled $889,000, or $0.05 per diluted common share. For the year ended December 31, 2025, the Company reported net income of $5,612,000, or $0.34 per diluted common share. This represented a 61.9% increase in earnings per share from the full year 2024 when net income totaled $3,601,000, or $0.21 per diluted common share. The following table details the Company's financial performance for the three- a
- AmeriServ Financial Strengthens Strategic Partnership with SB Value PartnersJOHNSTOWN, Pa., Jan. 7, 2026 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") and SB Value Partners, L.P. ("SBV") today announced that they entered into an agreement that amends and restates the previously executed and disclosed April 2025 consulting agreement between the parties. The amended agreement expands the nature and scope of the consulting services to be provided to the Company by SBV over the four-year term of the agreement. The amended agreement is intended to strengthen and expand the strategic partnership with SBV and results from the highly professional and excellent collaboration between both firms over the past eight months. "SBV is excit
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Oct. 21, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported third quarter 2025 net income of $2,544,000, or $0.15 per diluted common share. This earnings performance represented a $1,361,000, or 115.0%, improvement from the third quarter of 2024 when net income totaled $1,183,000, or $0.07 per diluted common share. For the nine-month period ended September 30, 2025, the Company reported net income of $4,170,000, or $0.25 per diluted common share. This represented a 56.3% increase in earnings per share from the nine-month period of 2024 when net income totaled $2,712,000, or $0.16 per diluted common share. The following table details the Company's financial
- AmeriServ Financial Announces New Labor ContractJOHNSTOWN, Pa., Oct. 16, 2025 /PRNewswire/ -- AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial Inc. (NASDAQ:ASRV) and United Steelworkers (USW) Local 2635-06, have agreed to a new four-year contract. Unionized employees voted to accept the contract at a meeting held on Sunday, October 12, 2025, in Johnstown. This contract covers the workforce through October 16, 2029. The timely ratification of the new contract is positive news for AmeriServ and the community, according to AmeriServ President & CEO Jeffrey Stopko. "This new agreement allows us to continue focusing on our banking for life strategy while enhancing our unique labor partnership to further develop our strat
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., July 22, 2025 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported a second quarter 2025 net loss of $282,000, or $0.02 per diluted common share. This earnings performance represented a $93,000 improvement from the second quarter of 2024 when the net loss totaled $375,000, or $0.02 per diluted common share. For the six-month period ended June 30, 2025, the Company reported net income of $1,626,000, or $0.10 per diluted common share. This represented an 11.1% increase in earnings per share from the six-month period of 2024 when net income totaled $1,529,000, or $0.09 per diluted common share. The following table details the Company's financial performance for the t
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2025 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, 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 Financial Announces Signing of New Advisory Agreement with Significant Shareholder SB Value Partners, L.P.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
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2024 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, 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
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2024 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, 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
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, 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
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2024JOHNSTOWN, 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
- AmeriServ Financial Announces Cooperation and Settlement Agreement with Driver ManagementDriver 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 Reaches Cooperation Agreement with Significant Shareholder SB Value Partners, L.P.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
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, 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
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024Net 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,
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2023 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Jan. 23, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a fourth quarter 2023 net loss of $5,321,000, or $0.31 per diluted common share. This compares to net income for the fourth quarter of 2022 of $947,000, or $0.06 per diluted common share. For the year ended December 31, 2023, the Company reported a net loss of $3,346,000, or $0.20 per diluted common share. This compares to net income of $7,448,000, or $0.43 per diluted common share, for the full year of 2022. The following table details the Company's financial performance for both the three- and twelve-month periods ended December 31, 2023 and 2022: FourthQuarter 2023 FourthQuarter 2022 Year Ended
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., July 21, 2023 /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 21, 2023 to shareholders of record on August 7, 2023. This cash dividend represents a 4.36% annualized yield using the July 20, 2023 closing common stock price of $2.75. 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 through seventeen community offices in southwestern Pennsylvania and Hagerstown, Mar
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2023JOHNSTOWN, Pa., July 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2023 net loss of $187,000, or $0.01 per diluted common share. This earnings performance was a $2,168,000, or 109.4%, decrease from the second quarter of 2022 when net income totaled $1,981,000, or $0.12 per diluted common share. For the six-month period ended June 30, 2023, the Company reported net income of $1,328,000, or $0.08 per diluted common share. This represents a 69.2% decrease in earnings per share from the six-month period of 2022 when net income totaled $4,399,000, or $0.26 per diluted common share. The following table highlights the Company's financial performance
- AmeriServ Financial Shareholders Elect the Company's Three Director Candidates at the 2023 Annual MeetingAmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that shareholders voted to elect the Company's three director candidates – Richard "Rick" W. Bloomingdale, David J. Hickton and Daniel A. Onorato – at the 2023 Annual Meeting of Shareholders (the "Annual Meeting"). AmeriServ also issued the following statement: "In recent months, we have had the opportunity to engage with a number of shareholders and stakeholders to inform AmeriServ's forward-looking initiatives and priorities. We appreciate the dialogue as well as the support from shareholders at this pivotal Annual Meeting. As demonstrated by our strong slate of director candidates, Board refreshment
- AmeriServ Financial Announces Court Denial of Driver's Request for Injunctive ReliefCourt Finds Driver is Unlikely to Prevail on the Merits of its Claims Company to Hold Annual Meeting on May 26, 2023 and Urges Shareholders to Support Strategic Direction by Voting for AmeriServ's Director Candidates AmeriServ Financial, Inc. ("AmeriServ" or the "Company") (NASDAQ:ASRV) today announced that the United States District Court for the Western District of Pennsylvania (the "Court") has denied Driver Opportunity Partners I LP's ("Driver") motion for a preliminary injunction to delay the Company's 2023 Annual Meeting of Shareholders (the "Annual Meeting"). The Annual Meeting will take place as scheduled on May 26, 2023. In March 2023, AmeriServ announced that its Board of Di
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., April 21, 2023 /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 22, 2023 to shareholders of record on May 8, 2023. This cash dividend represents a 3.83% annualized yield using the April 20, 2023 closing common stock price of $3.13. For the first quarter of 2023, the Company's dividend payout ratio amounted to 33.3%. 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
- AMERISERV FINANCIAL REPORTS FIRST QUARTER 2023 EARNINGSJOHNSTOWN, Pa., April 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2023 net income of $1,515,000, or $0.09 per diluted common share. This earnings performance represented a $903,000, or 37.3%, decrease from the first quarter of 2022 when net income totaled $2,418,000, or $0.14 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2023 and 2022: FirstQuarter 2023 FirstQuarter 2022 $ Change % Change Net income $ 1,515,000 $ 2,418,000 $ (903,000) (37.3) % Diluted earnings per share $ 0.09 $ 0.14 $ (0.05) (35.7) % Jeffrey A. Stopko, President and Chief Executive Officer, commen
- AmeriServ Financial Files Lawsuit Against Driver Management to Protect the Company and All StakeholdersActs to Prevent Driver from Waging a Costly, Distracting and Illegal Proxy Contest Reiterates Driver's Purported Notice of Nomination is Materially Deficient and Fails to Comply with the Company's Bylaws, Especially with Regard to Disclosing Conflicts of Interest AmeriServ Financial, Inc. ("AmeriServ" or the "Company") (NASDAQ:ASRV) today announced that it has filed a lawsuit in the Court of Common Pleas of Cambria County, Pennsylvania, against Driver Opportunity Partners I LP ("Driver"), its founder and managing member, J. Abbott R. Cooper, and Driver's purported director nominees Julius "Izzy" Rudolph and Brandon L. Simmons. The lawsuit seeks declaratory judgement that Driver's purporte
- AmeriServ Financial Discloses That Driver's Notice of Director Candidate Nominations is InvalidActivist Fund's Notice Contains Material Deficiencies and Fails to Comply with Company's Bylaws, Including Those Pertaining to Conflicts of Interest AmeriServ Financial, Inc. ("AmeriServ" or the "Company") (NASDAQ:ASRV) today announced that its Board of Directors (the "Board") has determined that the notice of intent to nominate directors (the "Notice") submitted on January 17, 2023 by Driver Management Company LLC, Driver Opportunity Partners I LP and J. Abbott Cooper (collectively, "Driver") for the Company's 2023 Annual Meeting of Shareholders (the "Annual Meeting") is invalid. The Notice submitted by Driver contains material defects, including a lack of disclosure pertaining to one di
- AmeriServ Financial Announces Refreshed Slate of Highly Qualified, Independent Director Candidates for 2023 Annual MeetingIntends to Nominate New Candidates Richard Bloomingdale and David Hickton, Along With Current Director Daniel Onorato, for Election to the Board Notes That New Candidates Bring Additive Experience and Relevant Qualifications That Support Priority Areas, Including Cybersecurity, Human Capital Management and Business Development Reaffirms Commitment to Ongoing Refreshment and Thanks Retiring Board Members Allan Dennison and Sara Sargent for Their Years of Strong Contributions JOHNSTOWN, Pa., March 13, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. ("AmeriServ" or the "Company") (NASDAQ:ASRV) today announced its slate of nominees for election to the Board of Directors (the "Board") at the 202
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FULL YEAR OF 2022 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Jan. 24, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2022 net income of $947,000, or $0.06 per diluted common share. This earnings performance was a $905,000, or 48.9%, decrease from the fourth quarter of 2021 when net income totaled $1,852,000, or $0.11 per diluted common share. For the year ended December 31, 2022, the Company reported net income of $7,448,000, or $0.43 per diluted common share. This represents a 4.9% increase in earnings per share from the full year of 2021 when net income totaled $7,072,000, or $0.41 per diluted common share. On an adjusted basis, eliminating the impact of a pension settlement charge, diluted
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Oct. 24, 2022 /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 November 21, 2022 to shareholders of record on November 7, 2022. This cash dividend represents a 3.13% annualized yield using the October 20, 2022 closing common stock price of $3.84. For the first nine months of 2022, the Company's dividend payout ratio amounted to 22.4%. 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 mana
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2022JOHNSTOWN, Pa., Oct. 18, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported third quarter 2022 net income of $2,102,000, or $0.12 per diluted common share. This earnings performance was a $671,000, or 46.9%, increase from the third quarter of 2021 when net income totaled $1,431,000, or $0.08 per diluted common share. For the nine-month period ended September 30, 2022, the Company reported net income of $6,501,000, or $0.38 per diluted common share. This represents a 22.6% increase in earnings per share from the nine-month period of 2021 when net income totaled $5,220,000, or $0.31 per diluted common share. The following table highlights the Company's financial performa
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., July 25, 2022 /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 22, 2022 to shareholders of record on August 8, 2022. This cash dividend represents a 3.08% annualized yield using the July 21, 2022 closing common stock price of $3.90. For the first six months of 2022, the Company's dividend payout ratio amounted to 21.2%. 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
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2022JOHNSTOWN, Pa., July 19, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported second quarter 2022 net income of $1,981,000, or $0.12 per diluted common share. This earnings performance was a $273,000, or 16.0%, increase from the second quarter of 2021 when net income totaled $1,708,000, or $0.10 per diluted common share. For the six-month period ended June 30, 2022, the Company reported net income of $4,399,000, or $0.26 per diluted common share. This represents an 18.2% increase in earnings per share from the six-month period of 2021 when net income totaled $3,789,000, or $0.22 per diluted common share. The following table highlights the Company's financial performance
- AMERISERV FINANCIAL REPORTS RECORD FIRST QUARTER 2022 EARNINGS AND ANNOUNCES A 20% INCREASE IN THE QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., April 19, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported first quarter 2022 net income of $2,418,000, or $0.14 per diluted common share. This earnings performance represented a $337,000, or 16.2%, increase from the first quarter of 2021 when net income totaled $2,081,000, or $0.12 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2022 and 2021: First Quarter 2022 First Quarter 2021 $ Change % Change Net income $ 2,418,000 $ 2,081,000 $ 337,000 16.2 % Diluted earnings per share $ 0.14 $ 0.12 $ 0.02 16.7 % Jeffrey A. Stopko, President and Chief Executive Officer, commented o
- AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR OF 2021 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDJOHNSTOWN, Pa., Jan. 25, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported fourth quarter 2021 net income of $1,852,000, or $0.11 per diluted common share. This earnings performance was a $1,160,000 increase from the fourth quarter of 2020 when net income totaled $692,000, or $0.04 per diluted common share. For the year ended December 31, 2021, the Company reported net income of $7,072,000, or $0.41 per diluted common share. This represents a 51.9% increase in earnings per share from the full year of 2020 when net income totaled $4,598,000, or $0.27 per diluted common share. The following table highlights the Company's financial performance for both the three- and twe
- AmeriServ Financial Announces A New Labor ContractJOHNSTOWN, Pa., Oct. 25, 2021 /PRNewswire/ -- AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial Inc. (NASDAQ:ASRV) and United Steelworkers (USW) Local 2635-06 have agreed to a new four-year contract. Unionized employees voted to accept the contract at a meeting held on Sunday, October 24, 2021 in Johnstown. The new contract covers the workforce through October 15, 2025. The ratified contract is positive news for AmeriServ and the community, according to AmeriServ President & CEO Jeffrey Stopko. "This new agreement allows us to continue focusing on our banking for life strategy. As an organization, we are committed to providing outstanding service to our customers and c
- AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash DividendJOHNSTOWN, Pa., Oct. 22, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) announced that its Board of Directors declared a $0.025 per share quarterly common stock cash dividend. The cash dividend is payable November 22, 2021 to shareholders of record on November 8, 2021. This cash dividend represents a 2.55% annualized yield using the October 21, 2021 closing common stock price of $3.92. For the first nine months of 2021, the Company's dividend payout ratio amounted to 24.2%. 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 ma
- Ameriserv Financial Reports Increased Earnings For The Third Quarter And First Nine Months Of 2021JOHNSTOWN, Pa., Oct. 19, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported third quarter 2021 net income of $1,431,000, or $0.08 per diluted common share. This earnings performance was a $353,000, or 32.7%, increase from the third quarter of 2020 when net income totaled $1,078,000, or $0.06 per diluted common share. For the nine-month period ended September 30, 2021, the Company reported net income of $5,220,000, or $0.31 per diluted common share. This represents a 34.8% increase in earnings per share from the nine-month period of 2020 when net income totaled $3,906,000, or $0.23 per diluted common share. The following table highlights the Company's financial performa
- AmeriServ Financial Inc. Announces Completion Of $27 Million Private Placement Of Subordinated NotesJOHNSTOWN, Pa., Aug. 26, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) is pleased to announce that the Company has completed a private placement of $27 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2031 (the "Notes") to certain qualified institutional buyers and accredited investors. The Notes have been structured to qualify as Tier 2 capital for regulatory capital purposes. The Notes are unsecured and have a ten-year term maturing September 1, 2031, and will bear interest at a fixed annual rate of 3.75%, payable semi-annually in arrears until September 1, 2026. From and including September 1, 2026, the interest rate will reset quarte
- AmeriServ Financial Reports Increased Earnings For The Second Quarter And First Six Months Of 2021 And Announces Quarterly Common Stock Cash DividendJOHNSTOWN, Pa., July 20, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ:ASRV) reported second quarter 2021 net income of $1,708,000, or $0.10 per diluted common share. This earnings performance was a $289,000, or 20.4%, increase from the second quarter of 2020 when net income totaled $1,419,000, or $0.08 per diluted common share. For the six-month period ended June 30, 2021, the Company reported net income of $3,789,000, or $0.22 per diluted common share. This represents a 29.4% increase in earnings per share from the six-month period of 2020 when net income totaled $2,828,000, or $0.17 per diluted common share. The following table highlights the Company's financial performance f
- AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of 2020 And Announces Quarterly Common Stock Cash DividendJOHNSTOWN, Pa., Jan. 26, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2020 net income of $692,000, or $0.04 per diluted common share. This earnings performance represents a $23,000, or 3.4%, increase from the fourth quarter of 2019 when net income totaled $669,000, or $0.04 per diluted common share. For the year ended December 31, 2020, the Company reported net income of $4,598,000, or $0.27 per diluted common share. This represents a 22.9% decrease in earnings per share from the full year of 2019 when net income totaled $6,028,000, or $0.35 per diluted common share. The following table highlights the Company's financial performance for both th