AmeriServ Financial, Inc. (OQ:ASRV)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 216 Franklin Street
JOHNSTOWN PA 15901-1887
Tel: 1-814-5335193
Website: https://www.ameriserv.com
IR: See website
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Key People
Jeffrey A. Stopko
President, Chief Executive Officer, Director
Michael D. Lynch
Chief Financial Officer, Executive Vice President, Chief Investment Officer, Chief Risk Officer
 
Business Overview
AmeriServ Financial, Inc. is a bank holding company of AmeriServ Financial Bank (the Bank). The Bank provides a range of services, including retail banking services and lending, depository, and related financial services. Its retail banking services include demand, savings, and time deposits, checking accounts, money market accounts, secured and unsecured consumer loans, mortgage loans, safe deposit boxes, holiday club accounts, and money order. It provides lending, depository, and related financial services to commercial, industrial, financial, and governmental customers, such as commercial real estate mortgage loans (CRE), 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. The Bank also operates 18 automated bank teller machines (ATMs) through its 24-hour banking network.
Financial Overview
For the three months ended 31 March 2024, AmeriServ Financial, Inc. interest income increased 11% to $16.2M. Net interest income after loan loss provision increased 12% to $9.3M. Net income increased 26% to $1.9M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 12% to $13.8M. Net income benefited from Provision (credit) for credit losses decrease from $1.2M (expense) to $557K (income).
Employees: 323 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $62.51M as of Mar 31, 2024
EBITDA (TTM): -$1.78M as of Mar 31, 2024
Net annual income (TTM): -$2.96M as of Mar 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 17,147,270 as of Mar 20, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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