AmeriServ Financial, Inc. (OQ:ASRV)
Business Focus: Retail & Mortgage Banks
Apr 22, 2024 08:00 am ET
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”).
Apr 19, 2024 09:00 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
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%.
Apr 16, 2024 08:00 am ET
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024
Net Income Up 25.7% Compared to First Quarter of 2023
Jan 23, 2024 07:00 am ET
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2023 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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 t
Oct 23, 2023 04:02 pm ET
West Chester Capital Advisors Expands Capabilities with New Staff Appointments
JOHNSTOWN, Pa., Oct. 23, 2023 /PRNewswire/ -- West Chester Capital Advisors, Inc. (WCCA), a wholly owned subsidiary of AmeriServ Financial Bank and an SEC registered investment advisory firm, today announced several staff promotions.
Oct 20, 2023 09:00 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, Pa., Oct. 20, 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 November 20, 2023 to shareholders of record on November 6, 2023. This cash dividend represents a 4.71% annualized yield using the October 18, 2023 closing common stock price of $2.55.
Oct 17, 2023 08:00 am ET
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2023
JOHNSTOWN, Pa., Oct. 17, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2023 net income of $647,000, or $0.04 per diluted common share. This earnings performance was a $1,455,000, or 69.2%, decrease from the third quarter of 2022 when net income totaled $2,102,000, or $0.12 per diluted common share. For the nine-month period ended September 30, 2023, the Company reported net income of $1,975,000, or $0.12 per diluted common share. This represents a 68.4% decrease in earnings per share from the nine-month period of 2022 when net income totaled $6,501,000,
Sep 18, 2023 01:02 pm ET
AmeriServ Trust & Financial Services Company Announces Staff Promotions
JOHNSTOWN, Pa., Sept. 18, 2023 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Trust and Financial Services Company today announced the promotions of two key staff members.
Jul 21, 2023 08:30 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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.
Jul 18, 2023 08:00 am ET
AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2023
JOHNSTOWN, 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,
Jun 22, 2023 08:00 am ET
AmeriServ Financial Announces the Election of J. Michael Adams, Jr. as Independent Chairman of the Board of Directors
AmeriServ Financial, Inc. (NASDAQ: ASRV) ("AmeriServ" or the "Company") today announced that J. Michael Adams, Jr. has been elected non-executive Chairman of the Company’s Board of Directors (the “Board”). In addition, AmeriServ announced that Kim W. Kunkle has been elected non-executive Vice Chairman of the Board. Mr. Adams, who previously held the role of Vice Chairman, succeeds Allan R. Dennison following his recent retirement from the Board.
May 31, 2023 08:30 am ET
AmeriServ Financial Shareholders Elect the Company’s Three Director Candidates at the 2023 Annual Meeting
AmeriServ 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:
May 23, 2023 08:30 am ET
AmeriServ Financial Announces Court Denial of Driver’s Request for Injunctive Relief
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.
Apr 21, 2023 08:30 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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%.
Apr 18, 2023 08:00 am ET
AMERISERV FINANCIAL REPORTS FIRST QUARTER 2023 EARNINGS
JOHNSTOWN, 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:
Mar 20, 2023 07:00 am ET
AmeriServ Financial Files Lawsuit Against Driver Management to Protect the Company and All Stakeholders
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 purported notice of intent to nominate director candidates (the “Purported Notice”) at the Company’s 2023 Annual Meeting of Shareholders (the “Annual Meeting”) is invalid and
Mar 15, 2023 04:55 pm ET
AmeriServ Financial Discloses That Driver’s Notice of Director Candidate Nominations is Invalid
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.
Mar 13, 2023 09:00 am ET
AmeriServ Financial Announces Refreshed Slate of Highly Qualified, Independent Director Candidates for 2023 Annual Meeting
Intends to Nominate New Candidates Richard Bloomingdale and David Hickton, Along With Current Director Daniel Onorato, for Election to the Board
Jan 24, 2023 07:00 am ET
AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FULL YEAR OF 2022 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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 dilute
Nov 02, 2022 10:02 am ET
AMERISERV BANK LAUNCHES SOCIAL MEDIA CAMPAIGN, SERVING UP 30 DAYS OF KINDNESS
JOHNSTOWN, Pa., Nov. 2, 2022 /PRNewswire/ -- (NASDAQ: ASRV) – It costs nothing to be kind. That is the message AmeriServ Bank is sharing as it kicks off the social media campaign, "Serving Up 30 Days of Kindness." The campaign, which runs throughout November on the Facebook and Instagram social media platforms, encourages followers to share a short story or photograph depicting a random act of kindness.
Oct 24, 2022 08:30 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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%.
Oct 18, 2022 08:00 am ET
AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2022
JOHNSTOWN, 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 $5,220,0
Jul 25, 2022 09:00 am ET
AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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%.
Jul 19, 2022 08:00 am ET
AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2022
JOHNSTOWN, 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,
May 10, 2022 08:05 am ET
Amy Bradley Joins AmeriServ Financial, Inc. Board of Directors
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.
Apr 26, 2022 08:02 am ET
AmeriServ Financial, Inc. to Hold 2022 Annual Shareholders Meeting Today by Virtual Means
JOHNSTOWN, Pa., April 26, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), will hold the Company's 2022 Annual Meeting of Shareholders today in a virtual-only format.
Apr 20, 2022 08:02 am ET
AmeriServ Financial, Inc. to Hold Virtual Annual Shareholders Meeting
JOHNSTOWN, Pa., April 20, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), will hold the Company's 2022 Annual Meeting of Shareholders virtually via webcast.
Apr 19, 2022 08:00 am ET
AMERISERV FINANCIAL REPORTS RECORD FIRST QUARTER 2022 EARNINGS AND ANNOUNCES A 20% INCREASE IN THE QUARTERLY COMMON STOCK CASH DIVIDEND
JOHNSTOWN, 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:
Apr 05, 2022 04:02 pm ET
AmeriServ Financial, Inc. to Hold 2022 Annual Shareholder Meeting in Virtual-Only Format
JOHNSTOWN, Pa., April 5, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), announced today that the Company's 2022 Annual Meeting of Shareholders will be held virtually via webcast.
Oct 25, 2021 04:05 pm ET
AmeriServ Financial Announces A New Labor Contract
JOHNSTOWN, 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.
Oct 22, 2021 09:30 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, 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%.
Oct 19, 2021 08:00 am ET
Ameriserv Financial Reports Increased Earnings For The Third Quarter And First Nine Months Of 2021
JOHNSTOWN, 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 $3,906,0
Aug 26, 2021 04:00 pm ET
AmeriServ Financial Inc. Announces Completion Of $27 Million Private Placement Of Subordinated Notes
JOHNSTOWN, 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.
Jul 20, 2021 08:00 am ET
AmeriServ Financial Reports Increased Earnings For The Second Quarter And First Six Months Of 2021 And Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, 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, o
Jan 26, 2021 07:00 am ET
AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of 2020 And Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, 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 di
Jan 15, 2021 07:00 am ET
AmeriServ Financial, Inc. To Acquire A Branch And Deposits Of Riverview Financial Corporation
JOHNSTOWN, Pa., Jan. 15, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the parent company of AmeriServ Financial Bank, and Riverview Financial Corporation (NASDAQ: RIVE), the parent company of Riverview Bank and its operating divisions, jointly announced today the execution of a definitive agreement whereby AmeriServ will acquire Citizen's Neighborhood Bank's (CNB), an operating division of Riverview Bank, branch and deposit customers in Meyersdale, as well as the deposit customers of CNB's leased branch in the Borough of Somerset. Both of these locations are in Somerset Co
Oct 20, 2020 08:00 am ET
AmeriServ Financial Reports Earnings for the Third Quarter and First Nine Months of 2020 and Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Oct. 20, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2020 net income of $1,078,000, or $0.06 per diluted common share. This earnings performance was a $611,000, or 36.2%, decrease from the third quarter of 2019 when net income totaled $1,689,000, or $0.10 per diluted common share. For the nine-month period ended September 30, 2020, the Company reported net income of $3,906,000, or $0.23 per diluted common share. This represents a 25.8% decrease in earnings per share from the nine-month period of 2019 when net income totaled $5,359,0
Jul 21, 2020 08:00 am ET
AmeriServ Financial Reports Earnings for the Second Quarter and First Six Months of 2020 and Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., July 21, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2020 net income of $1,419,000, or $0.08 per diluted common share. This earnings performance was a $373,000, or 20.8%, decrease from the second quarter of 2019 when net income totaled $1,792,000, or $0.10 per diluted common share. For the six-month period ended June 30, 2020, the Company reported net income of $2,828,000, or $0.17 per diluted common share. This represents a 19.1% decrease in earnings per share from the six-month period of 2019 when net income totaled $3,670,000, o
May 13, 2020 08:30 am ET
Daniel Onorato Joins AmeriServ Financial, Inc. Board of Directors
JOHNSTOWN, Pa., May 13, 2020 /PRNewswire/ -- The Board of Directors of AmeriServ Financial, Inc. (NASDAQ: ASRV) today announced the appointment of Daniel A. Onorato as an independent director of the company. Mr. Onorato is executive vice president, chief corporate affairs officer for Highmark Health, headquartered in Pittsburgh, Pennsylvania.
Apr 28, 2020 08:30 am ET
AmeriServ Financial, Inc. to Hold 2020 Annual Shareholder Meeting Today by Virtual Means Due to Coronavirus Concerns
JOHNSTOWN, Pa., April 28, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), will hold its 2020 Annual Meeting of Shareholders today in a virtual-only format. This change in meeting format is in response to continuing public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and well-being of its shareholders, employees, and other stakeholders.
Apr 22, 2020 04:01 pm ET
AmeriServ Financial, Inc. to Hold 2020 Annual Shareholder Meeting by Virtual Means Due to Coronavirus Concerns
JOHNSTOWN, Pa., April 22, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), announced that, due to the continuing public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and well-being of its shareholders, employees, and other stakeholders, the Company's 2020 Annual Meeting of Shareholders will be held virtually.
Apr 21, 2020 08:00 am ET
AmeriServ Financial Reports 2020 First Quarter Earnings And Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., April 21, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2020 net income of $1,409,000, or $0.08 per diluted common share. This earnings performance represented a $469,000, or 25.0%, decrease from the first quarter of 2019 when net income totaled $1,878,000, or $0.11 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2020 and 2019:
Apr 06, 2020 03:00 pm ET
AmeriServ Financial, Inc. to Hold Previously Announced 2020 Annual Shareholder Meeting by Virtual Means Due to Coronavirus Concerns
JOHNSTOWN, Pa., April 6, 2020 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), announced today that, due to the continuing public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and well-being of its shareholders, employees, and other stakeholders, the Company's 2020 Annual Meeting of Shareholders will now be held virtually. A proxy statement supplement will be filed today with the Securities Exchange Commission with additional information concerning the virtual meeting, which we urge shareholders to read in its entirety.
Oct 18, 2019 08:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Oct. 18, 2019 /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 18, 2019 to shareholders of record on November 4, 2019. This cash dividend represents a 2.41% annualized yield using the October 16, 2019 closing common stock price of $4.15 and represents an approximate payout ratio of 25% based upon the Company's recently reported third quarter 2019 earnings per share of $0.10.
Oct 15, 2019 08:00 am ET
AmeriServ Financial Reports Earnings For The Third Quarter And First Nine Months Of 2019
JOHNSTOWN, Pa., Oct. 15, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2019 net income of $1,689,000, or $0.10 per diluted common share. This earnings performance represented a $640,000, or 27.5%, decrease from the third quarter of 2018 when net income totaled $2,329,000, or $0.13 per diluted common share. Note that the Company's third quarter 2018 earnings were favorably impacted by a $264,000 income tax benefit that is discussed later in this release. For the nine-month period ended September 30, 2019, the Company reported net income of $5,359,000,
Jul 19, 2019 08:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., July 19, 2019 /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 August 19, 2019 to shareholders of record on August 5, 2019. This cash dividend represents a 2.43% annualized yield using the July 17, 2019 closing common stock price of $4.11 and represents an approximate payout ratio of 25% based upon the Company's recently reported second quarter 2019 earnings per share of $0.10.
Jul 16, 2019 08:00 am ET
AmeriServ Financial Reports Increased Earnings for the Second Quarter and First Six Months of 2019
JOHNSTOWN, Pa., July 16, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2019 net income of $1,792,000, or $0.10 per diluted common share. This earnings performance was a $48,000, or 2.8%, improvement from the second quarter of 2018 when net income totaled $1,744,000, or $0.10 per diluted common share. For the six-month period ended June 30, 2019, the Company reported net income of $3,670,000, or $0.21 per diluted common share. This represents an improvement of $159,000, or 4.5%, from the six-month period of 2018 when net income totaled $3,511,000, or
Apr 23, 2019 09:00 am ET
AmeriServ Financial, Inc. to Webcast 2019 Annual Shareholder Meeting Today
JOHNSTOWN, Pa., April 23, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and Hagerstown, Maryland; and loan production offices in Altoona and Wilkins Township, PA will hold a live webcast of AmeriServ's 2019 Annual Meeting of Shareholders today.
Apr 22, 2019 08:00 am ET
AmeriServ Financial, Inc. Announces Increased Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., April 22, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.025 per share quarterly common stock cash dividend. This new quarterly dividend amount represents a 25% increase from the previous $0.02 per share quarterly dividend. The cash dividend is payable May 20, 2019 to shareholders of record on May 6, 2019. This cash dividend represents a 2.46% annualized yield using the April 18, 2019 closing common stock price of $4.06 and represents an approximate payout ratio of 23% based upon the Company's recently repo
Apr 17, 2019 04:00 pm ET
AmeriServ Financial, Inc. to Webcast 2019 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 17, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and Hagerstown, Maryland; and loan production offices in Altoona and Wilkins Township, PA announced today there will be a live webcast of AmeriServ's 2019 Annual Meeting of Shareholders.
Apr 16, 2019 08:00 am ET
AmeriServ Financial Reports Increased 2019 First Quarter Earnings and Announces a New Common Stock Repurchase Program
JOHNSTOWN, Pa., April 16, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2019 net income of $1,878,000, or $0.11 per diluted common share. This represented a $0.01, or 10.0%, increase in earnings per share from the first quarter of 2018 where net income totaled $1,767,000, or $0.10 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2019 and 2018:
Apr 10, 2019 04:00 pm ET
AmeriServ Financial, Inc. to Webcast 2019 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 10, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and Hagerstown, Maryland; and loan production offices in Altoona and Wilkins Township, PA announced today there will be a live webcast of AmeriServ's 2019 Annual Meeting of Shareholders.
Mar 13, 2019 03:21 pm ET
David Finui Promoted to Executive Vice President, Director - Wealth and Capital Management at AmeriServ
JOHNSTOWN, Pa., March 13, 2019 /PRNewswire/ -- (NASDAQ: ASRV) – The AmeriServ Trust and Financial Services Company announced today that David Finui has been promoted to executive vice president – director, wealth and capital management. In his new role, Finui is responsible for directing the company's strategic planning efforts as well as overseeing all aspects of the personal trust and financial services business lines.
Jan 23, 2019 07:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Jan. 23, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.02 per share quarterly common stock cash dividend. The cash dividend is payable February 19, 2019 to shareholders of record on February 04, 2019. This cash dividend represents a 1.94% annualized yield using the January 18, 2019 closing common stock price of $4.13. For the full year 2018, the Company's common stock dividend payout ratio approximated 17.4% based upon the reported 2018 earnings per share of $0.43.
Jan 22, 2019 07:00 am ET
AmeriServ Financial Reports Increased Earnings For The Fourth Quarter And Full Year Of 2018
JOHNSTOWN, Pa., Jan. 22, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2018 net income of $1,928,000, or $0.11 per diluted common share. This earnings performance represented an increase of $2.9 million, or 294%, from the fourth quarter of 2017 when the Company reported a net loss of $995,000, or ($0.05) per diluted common share. For the year ended December 31, 2018, the Company reported net income of $7,768,000, or $0.43 per diluted common share. This represents 139% growth in earnings per share from the full year of 2017 where net income totaled $
Oct 22, 2018 08:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Oct. 22, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.02 per share quarterly common stock cash dividend. The cash dividend is payable November 19, 2018 to shareholders of record on November 5, 2018. This cash dividend represents a 1.84% annualized yield using the October 18, 2018 closing common stock price of $4.34 and represents an approximate payout ratio of 15% based upon the Company's recently reported third quarter 2018 earnings per share of $0.13.
Oct 16, 2018 08:00 am ET
AmeriServ Financial Reports Increased Earnings For The Third Quarter And First Nine Months Of 2018
JOHNSTOWN, Pa., Oct. 16, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2018 net income of $2,329,000, or $0.13 per diluted common share. This earnings performance represented an increase of $778,000, or 50.2%, from the third quarter of 2017 where net income totaled $1,551,000, or $0.08 per diluted common share. For the nine-month period ended September 30, 2018, the Company reported net income of $5,840,000, or $0.32 per diluted common share. This represents 39.1% growth in earnings per share from the nine-month period of 2017 where net income totale
Jul 20, 2018 09:30 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., July 20, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.02 per share quarterly common stock cash dividend. The cash dividend is payable August 20, 2018 to shareholders of record on August 6, 2018. This cash dividend represents a 1.88% annualized yield using the July 19, 2018 closing common stock price of $4.25 and represents an approximate payout ratio of 20% based upon the Company's recently reported second quarter 2018 earnings per share of $0.10.
Jul 17, 2018 08:00 am ET
AmeriServ Financial Reports Increased 2018 Second Quarter Earnings and Announces a New Common Stock Repurchase Program
JOHNSTOWN, Pa., July 17, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2018 net income of $1,744,000, or $0.10 per diluted common share. This earnings performance was a $355,000, or 25.6%, improvement from the second quarter of 2017 where net income totaled $1,389,000, or $0.07 per diluted common share. For the six-month period ended June 30, 2018, the Company reported net income of $3,511,000, or $0.19 per diluted common share. This represents an improvement of $774,000, or 28.3%, from the six-month period of 2017 where net income available to comm
Apr 24, 2018 10:00 am ET
AmeriServ Financial, Inc. to Webcast 2018 Annual Shareholder Meeting: Live Webcast Today
JOHNSTOWN, Pa., April 24, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; and Hagerstown, Maryland will hold a live webcast of AmeriServ's 2018 Annual Meeting of Shareholders today.
Apr 17, 2018 11:00 am ET
AmeriServ Financial, Inc. to Webcast 2018 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 17, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; and Hagerstown, Maryland announced today there will be a live webcast of AmeriServ's 2018 Annual Meeting of Shareholders.
Apr 17, 2018 08:00 am ET
AmeriServ Financial Reports Higher 2018 First Quarter Earnings And Announces An Increased Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., April 17, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2018 net income of $1,767,000, or $0.10 per diluted common share. This represented a $0.03, or 42.9%, increase in earnings per share from the first quarter of 2017 where net income totaled $1,348,000 or $0.07 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2018 and 2017:
Apr 02, 2018 10:00 am ET
AmeriServ Financial, Inc. to Webcast 2018 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 2, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; and Hagerstown, Maryland announced today there will be a live webcast of AmeriServ's 2018 Annual Meeting of Shareholders.
Jan 24, 2018 07:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Jan. 24, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable February 20, 2018 to shareholders of record on February 5, 2018. This cash dividend represents an approximate 1.5% annualized yield using the January 19, 2018 closing common stock price of $4.05. For the full year 2017, the Company's common stock dividend payout ratio approximated 33% based upon the reported 2017 EPS of $0.18. Note that the Company's 2017 earnings were ne
Jan 23, 2018 07:00 am ET
AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of 2017
JOHNSTOWN, Pa., Jan. 23, 2018 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a fourth quarter 2017 net loss available to common shareholders of $995,000, or ($0.05) per diluted common share, due to the enactment into law of "H.R.1.", known as the "Tax Cuts and Jobs Act", which necessitated the revaluation of the Company's deferred tax asset because of the new lower corporate tax rate. This revaluation required that the Company recognize additional income tax expense of $2.6 million, which is consistent with the information previously disclosed in an 8-K filed on January 1
Oct 19, 2017 05:00 pm ET
AmeriServ Financial Announces A New Labor Contract And Declaration Of Quarterly Common Stock Dividend
JOHNSTOWN, Pa., Oct. 19, 2017 /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 15, 2017 in Johnstown. The new contract covers the workforce through October 15, 2021.
Oct 17, 2017 09:00 am ET
AmeriServ Financial Reports Earnings For The Third Quarter And First Nine Months Of 2017
JOHNSTOWN, Pa., Oct. 17, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2017 net income available to common shareholders of $1,551,000, or $0.08 per diluted common share. This earnings performance represented an increase of $486,000, or 45.6%, from the third quarter of 2016 where net income available to common shareholders totaled $1,065,000, or $0.06 per diluted common share. For the nine-month period ended September 30, 2017, the Company reported net income available to common shareholders of $4,288,000, or $0.23 per diluted common share. This repre
Jul 21, 2017 10:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., July 21, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable August 21, 2017 to shareholders of record on August 7, 2017. This cash dividend represents an approximate 1.5% annualized yield using the July 20, 2017 closing common stock price of $3.95 and represents an approximate payout ratio of 21% based upon the Company's recently reported second quarter 2017 earnings per share of $0.07.
Jul 18, 2017 09:00 am ET
AmeriServ Financial Reports Earnings For The Second Quarter And First Six Months Of 2017
JOHNSTOWN, Pa., July 18, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2017 net income available to common shareholders of $1,389,000, or $0.07 per diluted common share. This earnings performance was consistent with the second quarter of 2016 where net income available to common shareholders totaled $1,362,000, or $0.07 per diluted common share. For the six month period ended June 30, 2017, the Company reported net income available to common shareholders of $2,737,000, or $0.15 per diluted common share. This represents a significant improvement of $
Apr 25, 2017 09:02 am ET
AmeriServ Financial, Inc. 2017 Annual Shareholder Meeting: Live Webcast Today
JOHNSTOWN, Pa., April 25, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; and Hagerstown, Maryland, will hold a live webcast of AmeriServ's 2017 Annual Meeting of Shareholders today.
Apr 24, 2017 09:00 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., April 24, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable May 22, 2017 to shareholders of record on May 8, 2017. This cash dividend represents an approximate 1.5% annualized yield using the April 21, 2017 closing common stock price of $4.05 and represents an approximate payout ratio of 21% based upon the Company's recently reported first quarter 2017 earnings per share of $0.07.
Apr 18, 2017 03:00 pm ET
AmeriServ Financial, Inc. Announces Annual Shareholder Meeting Webcast
JOHNSTOWN, Pa., April 18, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa.; and Hagerstown, Maryland announced today there will be a live webcast of AmeriServ's 2017 Annual Meeting of Shareholders.
Apr 18, 2017 09:00 am ET
AmeriServ Financial Reports Earnings For The First Quarter Of 2017
JOHNSTOWN, Pa., April 18, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2017 net income available to common shareholders of $1,348,000, or $0.07 per diluted common share. This represents a significant improvement of $2.6 million from the first quarter of 2016 net loss available to common shareholders of $1,282,000, or ($0.07) per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2017 and 2016:
Apr 07, 2017 09:30 am ET
AmeriServ Financial, Inc. to Webcast 2017 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 7, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; and Hagerstown, Maryland announced today there will be a live webcast of AmeriServ's 2017 Annual Meeting of Shareholders.
Jan 25, 2017 08:30 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Jan. 25, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable February 21, 2017 to shareholders of record on February 6, 2017. This cash dividend represents a 1.52% annualized yield using the January 24, 2017 closing common stock price of $3.95 and represents an approximate payout ratio of 25% based upon the Company's recently reported fourth quarter 2016 earnings per share of $0.06.
Jan 24, 2017 08:00 am ET
AmeriServ Financial Reports 2016 Earnings And Announces A New Common Stock Repurchase Program
JOHNSTOWN, Pa., Jan. 24, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported net income available to common shareholders of $1,150,000, or $0.06 per diluted common share, in the fourth quarter of 2016. This earnings performance was lower than the fourth quarter of 2015 where net income available to common shareholders totaled $1,321,000, or $0.07 per diluted common share. For the year ended December 31, 2016, the Company reported net income available to common shareholders of $2,295,000, or $0.12 per diluted share. This represented a decrease in earnings per share from
Oct 24, 2016 10:15 am ET
AmeriServ Financial, Inc. Announces Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Oct. 24, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable November 21, 2016 to shareholders of record on November 7, 2016. This cash dividend represents a 1.84% annualized yield using the October 21, 2016 closing common stock price of $3.26 and represents an approximate payout ratio of 25% based upon the Company's recently reported third quarter 2016 earnings per share of $0.06.
Oct 18, 2016 09:00 am ET
AmeriServ Financial Reports Earnings for the Third Quarter and First Nine Months of 2016
JOHNSTOWN, Pa., Oct. 18, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported net income available to common shareholders of $1,065,000, or $0.06 per diluted common share, in the third quarter of 2016. This earnings performance was lower than the third quarter of 2015 where net income available to common shareholders totaled $1,781,000, or $0.09 per diluted common share. For the nine month period ended September 30, 2016, the Company reported net income available to common shareholders of $1,145,000, or $0.06 per diluted share. This represented a decrease in earnings per
Sep 27, 2016 05:13 pm ET
AmeriServ Financial Bank Provides Funding for Secure Living Environments for Seniors
JOHNSTOWN, Pa., Sept. 27, 2016 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Financial Bank is helping to provide safe and secure living environments for seniors in the communities it serves by funding two local Senior Crimestoppers Programs. In conjunction with CRA Partners, the bank came forward to help vulnerable seniors by funding this program that protects those who live and work in local care facilities.
Jul 25, 2016 09:00 am ET
AmeriServ Financial, Inc. Increases Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., July 25, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. This new quarterly dividend amount represents a 50% increase from the previous $0.01 per share quarterly dividend. The cash dividend is payable August 22, 2016 to shareholders of record on August 8, 2016. This increased cash dividend represents a 1.9% annualized yield using the July 21, 2016 closing common stock price of $3.13 and represents an approximate payout ratio of 21% based upon the Company's
Jul 19, 2016 09:00 am ET
AmeriServ Financial Reports Earnings For The Second Quarter And First Six Months Of 2016
JOHNSTOWN, Pa., July 19, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) returned to more typical profitability levels in the second quarter of 2016 by reporting net income available to common shareholders of $1,362,000, or $0.07 per diluted common share. This earnings performance was consistent with the second quarter of 2015 where net income available to common shareholders totaled $1,369,000, or $0.07 per diluted common share. For the six month period ended June 30, 2016, the Company reported net income available to common shareholders of $80,000, which rounds to $0.00 per
Apr 26, 2016 09:02 am ET
AmeriServ Financial, Inc. 2016 Annual Shareholder Meeting: Live Webcast Today
JOHNSTOWN, Pa., April 26, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, will hold a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders today.
Apr 25, 2016 09:30 am ET
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., April 25, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.01 per share quarterly common stock cash dividend. The cash dividend is payable May 23, 2016 to shareholders of record on May 9, 2016. This cash dividend represents a 1.3% annualized yield using the April 21, 2016 closing common stock price of $3.02.
Apr 19, 2016 11:33 am ET
AmeriServ Financial, Inc. Announces Annual Shareholder Meeting Webcast
JOHNSTOWN, Pa., April 19, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
Apr 19, 2016 09:00 am ET
AmeriServ Financial Reports Earnings For The First Quarter Of 2016
JOHNSTOWN, Pa., April 19, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a first quarter 2016 net loss available to common shareholders of $1,282,000, or ($0.07) per diluted common share, due primarily to an increased provision for loan losses. This net loss is consistent with the information previously disclosed in an 8K filed on March 31, 2016. In the first quarter of 2015, net income available to common shareholders totaled $1,316,000, or $0.07 per diluted common share. The following table highlights the Company's financial performance for the quarters ended Mar
Apr 12, 2016 11:32 am ET
AmeriServ Financial, Inc. to Webcast 2016 Annual Shareholder Meeting
JOHNSTOWN, Pa., April 12, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
Jan 28, 2016 08:00 am ET
AmeriServ Financial, Inc. Completes Redemption Of SBLF Preferred Stock
JOHNSTOWN, Pa., Jan. 28, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced today that it has redeemed all 21,000 outstanding preferred stock shares of the Company's Senior Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"), that it had issued to the U.S. Department of Treasury ("Treasury") pursuant to the Treasury's Small Business Lending Fund ("SBLF"). The shares were redeemed at $1,000 per share, plus accrued but unpaid dividends, for a total aggregated redemption price of approximately $21 million. The redemption of the Series E Preferr
Jan 25, 2016 04:00 pm ET
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
JOHNSTOWN, Pa., Jan. 25, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.01 per share quarterly common stock cash dividend. The cash dividend is payable February 22, 2016 to shareholders of record on February 8, 2016. This cash dividend represents a 1.3% annualized yield using the January 22, 2016 closing common stock price of $3.16 and represents an approximate payout ratio of 14% based upon the Company's recently reported fourth quarter 2016 earnings per share of $0.07.
Jan 19, 2016 08:00 am ET
AmeriServ Financial Reports Increased Earnings For The Fourth Quarter And Full Year Of 2015
JOHNSTOWN, Pa., Jan. 19, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2015 net income available to common shareholders of $1,321,000, or $0.07 per diluted common share. This represented a significant increase when compared to net income available to common shareholders of $697,000, or $0.04 per diluted common share, reported for the fourth quarter of 2014. For the year ended December 31, 2015, the Company reported net income available to common shareholders of $5,787,000, or $0.31 per diluted share. This represented a 107% increase in earnings per
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